Markoorsig

The U.S. garden hand tools market experienced a significant growth, reaching a value of USD 3.35 billion in 2022. It is projected to reach USD 3.91 billion by 2028, with a compound annual growth rate (CAGR) van 2.61% gedurende die voorspellingsperiode. This growth can be attributed to several factors.

Firstly, there has been an increase in the number of DIYers and a growing emphasis on organic farming. Many people are taking up gardening as a hobby or as a way to enhance the aesthetics of their residential and commercial spaces. According to Macrotrend, the urban population in the U.S. has increased by 0.37% compared to 2020, with around 82.87% of the population living in urban settings. Daarbenewens, Visual Capitalist reports that over 50 million people immigrated to the U.S. in 2021, further contributing to the urban population. As people strive to improve their living standards, gardening and incorporating plants into their living spaces have become more popular.

Furthermore, concerns about health and the consumption of modified and unhealthy products have led many individuals to grow their own vegetables and fruits. Supermarket produce often has lower nutrient and vitamin content, prompting people to shift towards growing their own food. Community gardens have also played a role in encouraging individuals to participate in growing and harvesting their own produce. These factors contribute to the growth of the garden hand tools market in the U.S.

Daarbenewens, the increasing urbanization and modernization have resulted in people spending less time in nature, leading to issues such as depression and anxiety. To counteract these problems, many doctors in the U.S. recommend spending time in nature and having gardens in residential properties. Urban dwellers are increasingly interested in surrounding themselves with plants, incorporating them into their living areas, corridors, and kitchens. This trend further fuels the demand for garden hand tools.

Finally, commercial spaces such as stadiums, restaurants, offices, and sports complexes are investing in improving the aesthetics of their premises. There is a shift from a technical theme to a more traditional green theme, with many establishments incorporating living walls and plants to create a pleasant environment for visitors. This trend drives the demand for garden hand tools in commercial spaces.

In conclusion, the U.S. garden hand tools market is experiencing growth due to factors such as the rise of DIYers, the importance of organic farming, the need to enhance living spaces with plants, concerns about health and food quality, and the demand for aesthetically pleasing commercial spaces.

Marksegmentasie

The market is segmented based on various factors, including product, end-user, verspreidingskanaal, en streek.

Segmentation by Product
Digging Tools
Pruning Tools
Striking Tools
Watering Tools
Ander

Segmentation by End-User
Residential
Commercial

Segmentation by Distribution Channel
Offline
Online

Segmentation by Region
Suid – Texas, Florida, North Carolina
North-East – New York, New Jersey
Mid-West – Illinois, Michigan, Minnesota
West – California, Washington

The U.S. garden hand tools market consists of various key product categories, including pruning, digging, striking, watering tools, en ander. Onder hierdie, pruning tools held the largest market share of 33.6% in 2022, followed by digging, striking, and other tools. However, striking tools are expected to experience a growth rate of 3.05% in the coming years. This growth can be attributed to their frequent usage in gardening activities, particularly for regular maintenance of trees and plants. Therefore, striking tools are expected to be increasingly utilized in gardening applications.

The market for garden hand tools in the U.S. primarily serves two major end-user segments: residential and commercial users. Residential users constitute the majority share of the market, driven by an increasing emphasis on health consciousness among the population. Notably, during the third quarter of 2021, Dallas and Houston reported the highest number of hotel construction projects, with 45 en 40 new projects respectively. The residents of these units would require tools and equipment for setting up and maintaining gardens. This factor contributes to the growth of the U.S. garden hand tools market during the forecast period.

In terms of distribution, most vendors employ two primary techniques: online and offline distribution channels. The online distribution channel is projected to witness the highest compound annual growth rate (CAGR) van 2.86% in the U.S. garden hand tools market, owing to the widespread internet penetration in the region. This enables customers to easily view and compare numerous products, considering factors such as price, usability, and brand reputation. However, in 2022, the offline distribution channel accounted for the largest industry share in the U.S. garden hand tools market.

The southern region holds a significant share in the U.S. garden hand tools market due to the presence of community gardens, a thriving housing market, and increasing disposable incomes. This region comprises developed and rapidly growing states such as Florida, Virginia, Texas, and the Carolinas, which serve as primary hubs for various end-user industries. Texas, Florida, and North Carolina made notable contributions to the garden tool market in the Southern United States. Daarbenewens, with over 5.86 million housing units located in the southern region, the demand for garden hand tools is expected to soar during the forecast period. Major states like Texas, Florida, the Carolinas, Arizona, and Oklahoma are witnessing a rapid increase in the number of residential housing units, further driving the demand for garden tools from the hand tool industry in the south.

Mededingende landskap

The U.S. garden hand tools market exhibits a high level of fragmentation, characterized by the presence of numerous local and international players. Key market players such as Stanley Black & Decker, Emerson, The AMES Companies, Fiskars, and Griffon operate alongside numerous domestic tool manufacturers who cater to local demands and regulations. Daarbenewens, several other vendors offer products with similar specifications, such as length, width, and cutting techniques, often at lower prices. This is anticipated to lead to intensified price competition among vendors throughout the forecast period.

To gain a competitive advantage, industry participants employ various strategies, one of which is the introduction of differentiated products targeting specific application segments. By doing so, companies aim to meet the evolving demands and expectations of their target market consumers. Key manufacturers are expanding their product portfolios through the launch of innovative tools, thereby establishing a competitive edge over their rivals. As a result, market competition is expected to further intensify as companies continue to extend their product offerings, drive tool innovations, and engage in merger and acquisition activities. These trends contribute to a broader range of categories being made available in the market.

Key companies profiled in this report include Fiskars Group, Griffon Corporation, Husqvarna, Stanley Black & Decker, Root Assassin, Lasher Tools, Garden Tool Company, AMPCO Safety Tools, Bully Tools, CobraHead LLC, CS Unitech Inc, Red Pig Garden Hand Tools, Ray Padula Holdings, LLC, The American Garden Tool Co., Sneeboer USA, Seymour Midwest, Solid Tools Inc., The Ames Companies Inc., STIHLInternational, Wilcox All-pro Tools, W.W. Manufacturing Co Inc., Prohoe Manufacturing LLC, Corona Tools, Bridgetown Garden Tools.

Key Questions Answered

What is the projected size of the power tool accessories market in the United States?

The power tool accessories market in the United States is projected to reach a size of USD 4.87 billion by 2028.

What is driving the growth of the power tool accessories market in the United States?

The growth of the power tool accessories market in the United States is primarily driven by rapid industrialization, increasing applications in residential and commercial sectors, and the demand for cordless tools and batteries.

How does the automotive sector contribute to the growth of the power tool accessories market in the United States?

The automotive sector plays a significant role in the growth of the power tool accessories market in the United States. Automakers and suppliers contribute to the country’s GDP, generate job opportunities, and the demand for power tools is high in this sector.

What impact does the construction industry have on the power tool accessories market in the United States?

The construction industry, particularly the increasing popularity of prefab houses, has increased the demand for power tools and accessories in the United States. Prefab houses require the use of power tools for assembly and installation purposes.

What is the role of Li-ion batteries in the growth of the power tool accessories market in the United States?

Li-ion batteries have revolutionized the power tool industry and have led to the expansion of cordless product lines. Advancements in Li-ion battery technology have resulted in longer-lasting battery life and improved performance, contributing to the growth of the power tool accessories market in the United States.

How have trade tensions between the United States and China affected the power tool accessories market?

Trade tensions between the United States and China, including tariffs imposed on steel and aluminum imports, have had a negative impact on industries that rely on these materials. This has led to cost escalation and challenges for the power tool accessories market in terms of value and volume.