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Research and Markets: Global Cordless Garden Equipment Market 2016-2020 - Landscaping Increasing Pro

2015-12-29
This new report predicts the global cordless garden tools market to grow steadily at a CAGR of 5% during the forecast period. The rising need to add aesthetic appeal to residential and commercial properties around the world is a key driver for the growth of this market.
 
Landscaping is believed to increase the value of a property by nearly 12%. The unfavorable weather conditions such as floods, dry summers, and heavy snowfalls create a demand for the repair of lawns, trees, hedges, and gardens, triggering a need for cordless garden equipment.
 
New trends such as hybrid lawn mowers are also expected to contribute to the market growth during the forecast period.
 
North America accounted for 59% of the market share during 2015 and is expected to grow at a CAGR of 5% during the forecast period. The US is the market leader in this region. The increased production, import and export, and consumption of wood in this region is the key driver for its market dominance.