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Landscaping Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global landscaping products market was valued at USD 52.1 billion in 2022 and is expected to grow at a CAGR of 5.2% from 2023 to 2030. The growing demand for landscaping services is the primary driver of the market. The demand is mainly driven by the increasing demand for residential landscaping and the growing popularity of outdoor living spaces. The increasing trend of outdoor living spaces among homeowners is expected to drive the demand for landscaping products during the forecast period.
Moreover, the growing popularity of home gardening as a leisure activity is expected to bolster the demand for landscaping products. Homeowners are using landscaping products for the maintenance and improvement of various outdoor spaces such as gardens, patios, and yards. This has further increased the demand for landscaping products for outdoor activities. Furthermore, with the increasing disposable income of the people, there is an increasing demand for products such as grass seed, fertilizers, and garden tools, which is expected to further drive the market in the coming years.
The increasing demand for landscape design services is also driving the demand for landscaping products. Landscape design services include the planning and design of outdoor spaces such as gardens, patios, and yards. The increasing popularity of these services is expected to drive the demand for landscaping products used in the design of these spaces. Moreover, the increasing demand for landscape design services is also increasing the demand for landscaping products.
The increasing demand for organic products is also driving the demand for landscaping products. Consumers are increasingly demanding organic products as they are safe and environment-friendly. Furthermore, the growing awareness of the effects of chemical-based products on the environment is expected to drive the demand for organic landscaping products. Moreover, the increasing demand for sustainable and eco-friendly products is also expected to bolster the market in the coming years.
Additionally, the increasing adoption of smart technology in landscaping products is expected to drive the market during the forecast period. The increasing penetration of the internet of things (IoT) in landscaping products is expected to open new opportunities for the market. These products are becoming more sophisticated, as they are equipped with sensors, timers, and various other features that allow for automated control. Furthermore, the increasing number of smart landscaping products is expected to drive the market in the coming years.
Product Insights
The plants segment accounted for the largest share in the landscaping products market in 2019. Growing demand for plants for landscaping purposes has been a major factor driving the segment. The increasing trend of balcony gardening, rooftop gardening, and terrace gardens is further driving the demand for landscaping plants. Furthermore, increasing urbanization and rising disposable income among individuals are some of the key factors leading to the growth of the landscaping plants market.
The irrigation systems segment is anticipated to expand at the fastest CAGR of 8.0% over the forecast period. The rising demand for automated irrigation systems due to the increasing water scarcity and rising awareness regarding water conservation is propelling the demand for irrigation systems. In addition, the increasing adoption of advanced technologies such as smart controllers and weather-based irrigation systems is further driving the market growth.
Distribution Channel Insights
The landscape products market is mainly driven by the retail channel, which accounted for the largest share of the market in 2018. According to a study by the National Association of Home Builders, homeowners spent nearly USD 300 billion on remodeling in 2020. This trend is expected to continue in the near future. Supermarkets and hypermarkets are expected to be the major channels for retailing landscape products, as they provide consumers with a wide range of products and assist them in making quick purchasing decisions.
The online channel is also gaining traction among consumers due to its convenience and cost-effectiveness. The online segment is expected to expand at the highest CAGR of over 8.4% over the forecast period. Companies are launching online websites and shopping apps to increase their brand visibility and attract more consumers. For instance, in October 2020, The Home Depot launched an online platform for its landscape products, which provides customers with information about product availability and pricing. This platform is expected to increase customer convenience for purchasing landscape products.
Type Insights
The consumer segment accounted for the largest revenue share of 53.4% in 2020 and is expected to continue its dominance over the forecast period. Consumer landscaping products are widely used in residential applications for gardening and other outdoor activities. The increasing trend of DIY landscaping among residential people is anticipated to increase the demand for consumer landscaping products. Furthermore, the increasing trend of outdoor activities such as outdoor parties, outdoor gatherings, and camping is propelling the demand for consumer landscaping products.
The industrial segment is expected to expand at the highest CAGR of 9.6% during the forecast period. The growth of the industrial segment is attributed to the increasing demand for landscaping products in commercial applications, such as golf courses, public parks, and public gardens. Moreover, the increasing trend of rooftop gardening in commercial and industrial spaces is also contributing to the growth of the industrial segment.
Regional Insights
North America held the largest market share in 2020, and is expected to remain the largest region throughout the forecast period. This is attributed to the high per capita disposable income of individuals and businesses in the region. Additionally, the growing trend of home and office landscaping is expected to drive the demand for landscaping products. The U.S. is the largest contributor to the regional market share, with the increasing use of lawn care & maintenance products, such as fertilizers and pesticides, driving the market growth.
Europe is anticipated to expand at a considerable CAGR during the forecast period. The increasing number of green spaces and gardens, especially in the U.K. and Germany, is projected to drive the demand for landscaping products in the region. The growing trend of eco-friendly landscaping is also expected to boost the market growth in Europe. Additionally, the high demand for ornamental plants and flowers, such as roses, tulips, and carnations, is expected to fuel the demand for landscaping products in the region.
Financial Projections
In this part of the landscaping products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your landscaping products business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for a landscaping products business comes from the sale of products such as turf, plants, soils, fertilizers, tools, and other supplies. Here you will find a list with a description of each of them and other possible sources of profit such as installation fees, equipment rental fees, and other services related to design, installation and maintenance.
Projecting Expenses
In this section, all the regular expenses related to keeping the landscaping products business running will be described. The list of operating expenses includes employee wages, insurance policies, advertising, rent, utilities, maintenance and repairs, and others.
Key companies & market share insights
Some of the major companies operating in the landscaping products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In May 2022, The Toro Company launched the Toro Landscape Management System, a comprehensive suite of products for landscaping professionals.
– In January 2022, John Deere launched the Deere Landscape System, a suite of products for landscaping professionals.
– In October 2022, Husqvarna launched the Husqvarna Landscape System, a suite of products designed to meet the needs of professional landscapers.
Some of the prominent players in the landscaping products market include:
– The Toro Company
– John Deere
– Husqvarna
– Stihl
– ECHO Incorporated
– Honda Motor Co., Ltd.
– Ariens Company
– MTD Products Inc.
– Briggs & Stratton Corporation
– DeWalt
Global Landscaping Products Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global landscaping products market based on product, distribution channel, type, and region:
1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Landscaping Equipment
– Landscape Lighting
– Irrigation Systems
– Fertilizers & Pesticides
– Landscaping Materials
– Others
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
3. Type Outlook (Revenue, USD Million, 2017 – 2030)
– Mass
– Premium
4. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What are the Key Drivers of the Landscaping Products Market?
[A]: The growing demand for landscaping products globally is driven by factors such as the increasing urbanization, rising disposable income, and the growing awareness about the environmental impact of landscaping. The increasing environmental concerns and the growing demand for aesthetic appeal from landscaping are also key drivers of the market.
[Q]: Who are the Major Players in the Landscaping Products Market?
[A]: Major players in the landscaping products market include The Toro Company, The Scotts Miracle-Gro Company, John Deere, Husqvarna Group, and MTD Products Inc.
[Q]: What Trends are Expected to Shape the Landscaping Products Market?
[A]: Increasing demand for sustainable landscaping products, rising popularity of vertical gardens, and growing demand for innovative landscaping products are expected to shape the landscaping products market over the forecast period.
[Q]: What Regions are Expected to have the Largest Market Share?
[A]: The Asia Pacific region is expected to have the largest market share, followed by North America and Europe. The growing demand for landscaping products in countries such as India, China, and Japan is expected to drive the market in the Asia Pacific region.
[Q]: What Strategies are Market Players Inculcating to Gain a Competitive Edge?
[A]: Market players are implementing strategies such as product launches, partnerships, and collaborations to gain a competitive edge in the landscaping products market. Additionally, companies are investing heavily in research and development activities to introduce innovative and cost-efficient products in the market.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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