By the end of 2022, the net worth of the total Electric Hedge Trimmers Market sold worldwide was about USD 476.6 million. According to the market analysis report by FMI, the overall market value is estimated to be around USD 503.3 million in 2023.
The electric hedge trimmer market is estimated to secure a CAGR of 5.6% during the forecast period from 2023 to 2033. The global market is projected to be valued at USD 867.9 million by the end of this forecast period in 2033.
The demand for electric hedge trimmers is rising due to an increase in the production of gardening equipment and technological advancements in traditional equipment. Increase in parks and residential gardens is likely to grow the market as it is cost-effective. It is the most reliable tool that helps trim extra bushes and shrubs and make gardening more attractive.
The electric hedge trimmer is less expensive and an easy-to-use tool, increasing the affordability among end users. Being an electric tool, less fuel consumption is required to reduce raw material costs compared to other hedge trimmers in recent years.
Nowadays, consumers are more interested in gardening and are aware of the benefits of gardening, which leads to market growth during the forecast period. This might also increase the demand for electric hedge trimmers during the forecast period.
The market is growing moderately, acquiring a higher CAGR than the historic CAGR from 2018 to 2022. On the other hand, infrastructure construction, public gardens, tourist and hospitality infrastructure, amusement parks, and other comparable services are expected to rise in the market in the future.
| Report Attributes or Data Points | Details |
|---|---|
| Global Electric Hedge Trimmer Market Valuation in 2022 | USD 476.6 million |
| Estimated Global Market Share in 2023 | USD 503.3 million |
| Forecasted Global Market Size by 2033 | USD 867.9 million |
| Projected Global Market Growth Rate from 2023 to 2033 | 5.6% CAGR |
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Landscaping is becoming increasingly important to give commercial properties a more appealing appearance. This is expected to significantly impact the global sales of electric hedge trimmers during the forecast period. Furthermore, due to its widespread use at an affordable price, the demand for power-assisted gardening equipment has skyrocketed.
In addition, the expansion of urban farming and the beautification of urban public spaces have assisted the market growth in recent years. Therefore, the industry is likely to benefit in the next years from a rise in the production of gardening equipment as well as technical advances in conventional equipment.
However, using an electric hedge trimmer more frequently can cause back pain, which is expected to impede market growth.
Furthermore, the availability of alternative devices is also anticipated to hamper the market growth. Inappropriate use of an electric hedge trimmer may lead to an accident or harm. This might challenge the sales of electric hedge trimmers during the forecast period.
The Asia Pacific electric hedge trimmer industry is poised to develop in the future due to increased home lawns and garden activities. The governments are developing various children and public parks to make the infrastructure more attractive, which might result in market growth during the forecast period.
Moreover, saving and protecting the environment and planting more trees or hedges are anticipated to increase the adoption of electric hedge trimmers in recent years.
Europe is a leading region in sales of electric hedge trimmers and is expected to acquire 29% of the share during the forecast period. According to Future Market Insights, the rising environmental concerns and an increase in stringent government regulations governing carbon emissions might flourish the market during the forecast period. The European outdoor power equipment industry is shifting from fuel-powered to electric-powered equipment.
Eco-friendly product development by companies like Husqvarna AB, LEA-Europe, and others is projected to drive the European market. As an early user of ecologically friendly compact power equipment, the government is pushing manufacturers to focus on electric hedge trimmers.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| North America | 20% |
| Europe | 29% |
North America is the second leading region in the sales of electric hedge trimmers, securing 20% of the share during the forecast period. Increased gardening knowledge, DIY planning, and rising amusement parks in the region have increased the sales of electric hedge trimmers in recent years.
Rising infrastructural activities also increase the usage of electric hedge trimmers. The reason is that the cities may be more presentable by installing small trees, which can be maintained using the electric hedge trimmer.
In 2021, the gardening category held a substantial share of the market. The growing need for gardens in residential complexes is driving the growth of the overall market. Because consumers are willing to pay more for garden space, municipal planners and real estate agents are boosting their sales.
Furthermore, the growing demand for vertical gardens in metropolitan regions is driving market expansion. Vertical gardens are popular because they may enhance aesthetics while responding to temperature fluctuations. Gardens at various educational institutions, such as schools, subsidized by government programs, make considerable use of these tools, significantly increasing market income.
The hedge trimmer market is swarming with large technological innovations and huge R&D investments, and this is currently being led by key players who have been in this sector for a long time.
However, if we talk about the start-up arena, only a little is happening. One of the possible reasons might be the high initial costs associated with the plant setting up. With angel investors and venture capitalists willing to invest in innovative ideas, the market has much to offer.
An increase in infrastructural activities in developing and developed countries presents huge opportunities. So, instead of playing a waiting game, entrepreneurs with groundbreaking ideas can transform them into reality in no time.
The prominent players consolidate the market present throughout the region during the forecast period. They are adopting several marketing methods to upsurge market revenue, including product launches, mergers, and partnerships.
Some Recent Developments are:
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.6% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Segments Covered | By Application, By Blade Type, By Length of Blade, By Size of Hedge, By Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; The Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | American Honda Motor; ECHO; Husqvarna; Robert Bosch; STIHL; The Toro Company; Blount International; Ernak; GreenWorks Tools; Makita, MTD; RYOBI; Stanley Black and Decker; Zhejiang Zomax Garden Machinery; Flymo |
| Customization & Pricing | Available Upon Request |
The market is likely to expand at a 5.6% CAGR from 2023 to 2033.
The market totals USD 503.3 million in 2023.
Europe is expected to be a lucrative market.
The availability of alternative devices limits the market growth.
Gardening remains most preferred.
| Estimated Size, 2024 | USD 38,204.7 million |
|---|---|
| Projected Size, 2034 | USD 68,418.8 million |
| Value-based CAGR (2024 to 2034) | 6.0% |
| Expected Market Value in 2023 | USD 700 million |
|---|---|
| Projected Market Value in 2033 | USD 1,200 million |
| Growth Rate (2023 to 2033) | 5.5% CAGR |
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Electric Hedge Trimmer Market
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