Expansion of Distribution Channels Will Drive the Global Tree Trimmer Market Until 2020, Says Technavio

LONDON--()--According to the latest research report released by Technavio, the global tree trimmer market is expected to grow at a CAGR of 5% until 2020.

This report titled ‘Global Tree Trimmer Market 2016-2020,’ provides an in-depth analysis of the market in terms of revenue and emerging trends. To calculate the market size, Technavio researchers have used the revenue generated from the sale of tree trimmers manufactured and marketed worldwide by market vendors.

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“Vendors of tree trimmers are improving distribution channels to assure quality of sales, improvement in market presence, and to provide adequate after-purchase services and support to gain customer satisfaction so as to stand out in the market,” said Abhay Sinha, one of Technavio’s lead industry analysts.

Different types of distribution channels are used for different kinds of end-customers. In North America and Europe, Toro markets its products to homeowners through distribution channels, including outdoor power equipment dealers and distributors, hardware retailers, home centers, mass retailers, and online. Husqvarna sells its garden products to over 25,000 dealers and leading retailers globally that sell them to end-customers.

Some of the other driving forces behind the growth of the global tree trimmer market are as follows:

  • Rise in replacement demand
  • Growing interest in backyard beautification
  • Increase in landscaping services

Rise in replacement demand

The global economic crisis of 2008-2009 discouraged customers from buying new and advanced garden equipment such as tree trimmers. Customers bought machinery parts or substitutes instead of buying capital-intensive machines. However, with the economy recovering, an enormous spike in the sales of new machinery has led to the replacement of old machines. Benefits of technologically advanced machines like greater operational efficiency and productivity is prompting end-users to invest more in new ones.

Growing interest in backyard beautification

The concept of staycation has gained popularity in the US since 2007. It has increased the demand for outdoor spaces. As a result, people have started to decorate outdoor spaces, which has increased the demand for garden equipment.

Also, lawn care and gardening are popular activities for many old homeowners (60 years and above), many of whom rely on limited sources of income. Engaging a commercial landscaping service to maintain their properties would strain their finances. Thus, they prefer advanced equipment such as tree trimmers to tend to their lawns and gardens. In addition, an increase in disposable income and availability of professional cleaning at affordable prices have helped move tree trimmers beyond the tool-rental shop into local homes. Lower prices and less upkeep are further driving the demand for tree trimmers globally.

Increase in landscaping services

Landscaping has become an important domain in the service industry. The need to beautify residential and commercial property as a place for relaxation, work, or entertainment has increased the global interest in landscaping. Americans focus on maintaining their landscapes and yards to add value to their property. They do so as a clean and well-maintained property is easy to sell and realizes higher sales value than a poorly maintained property. In 2015, the landscaping services market in the US was worth USD 80 billion, and it is expected to grow at a CAGR of 5% by 2019.

Adverse weather conditions such as heavy snow, floods, and dry summers create the demand for repair and replacement of landscapes, including lawns, hedges, trees, gardens, and outdoor furniture. Tree trimmers are being widely used to trim high branches of various sizes in areas that are hard to reach. It is used to keep roofs, yards, and other areas clean and well-maintained. Therefore, the growing interest in landscaping services and the need to maintain residential and commercial landscapes will lead to a rise in the demand for tree trimmers during the forecast period.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

According to the latest research report released by Technavio, the global tree trimmer market is expected to grow at a CAGR of 5% until 2020.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com