Hedge Trimmer Market Report 2024 - Developments in Lithium-ion Battery Technology and Rise in Urban Gardening Drive Market Growth - A USD 1.79 Billion Market by 2029, Rising at a CAGR of 4.9% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Hedge Trimmer Market Research Report 2024-2029" has been added to ResearchAndMarkets.com's offering.

The Hedge Trimmer Market was valued at USD 1.34 billion in 2023, and is expected to reach USD 1.79 billion by 2029, rising at a CAGR of 4.94%.

Many large and several small players characterize the global hedge trimmer market. Honda, Husqvarna, Robert Bosch, Stanley Black & Decker, and STIHL are some of the key players in the global hedge trimmer market. Other players operating in the garden hedge trimmers market include AL-KO Gardentech, Emak, Cub Cadet, etc. These players focus on developing innovative products and investing in R&D initiatives to expand their product portfolios.

Furthermore, the competition in the global hedge trimmer market is high due to the demand for garden equipment in developing countries such as India, China, and others. Various construction activities, home garden maintenance, greenfield developments, and others brought massive demand for hedge trimmer products.

Key Developments in the Global Hedge Trimmer Market

• Husqvarna is prioritizing eco-friendly solutions to meet the rising demand for sustainable gardening tools, particularly in Europe. Their latest product launches incorporate advanced battery technology, providing extended runtime and fast charging capabilities.
• Honda has introduced a new generation of high-capacity batteries combined with a powerful 36-volt electric motor, ensuring that the HHT36 Battery Hedge Trimmer delivers exceptional cutting performance in line with Honda's high standards.
• STIHL has released new models featuring telescoping shafts, addressing the growing need for safer and more efficient trimming tools. These hedge trimmers are designed for enhanced reach, making them suitable for both residential and commercial use.

MARKET TRENDS & DRIVERS

Developments in Lithium-ion Battery Technology

Li-ion batteries are increasingly gaining prominence as rechargeable batteries worldwide. The expanding adoption of this battery is leading to the growth of its dominance year-over-year. Due to the rising demand for long-lasting battery life, several advancements have been made in batteries for extra backup capacity. Such factors have dramatically improved the performance and efficiency of Li-ion batteries, and customers increasingly demand technologies that take less time to charge and last longer on a single charge. Hence, the demand for these batteries is growing significantly from vendors and customers in the hedge trimmer market.

Moreover, technological advancements focused on improving run times and power are expected to level the performance of battery-powered products to compete with conventional engine-powered models in commercial markets. In addition, the initial cost of battery-powered equipment has largely been the reason for their low adoption until now. The cost of Li-ion batteries has declined significantly over the past few years due to their growing adoption and higher production.

Rise in Urban Gardening

In recent times, cities worldwide have been gradually adopting urban gardening to cope with the issues of pollution, shortage of food and clean water, and rapidly rising temperatures, among others. According to the UN Food and Agriculture Organization (FAO), a large part of the developing world is facing a shortage of food, water, and arable land. In developed economies, urban gardening is the antidote to the industrialized agriculture sector that uses chemical fertilizers and pollutes the waterways.

Furthermore, the emerging trend of consuming locally grown produce is fuelling a new generation of urban gardeners eager to practice urban agriculture for locally grown food and to address the growing pollution. In the coming years, the growing need to address shortages of food and water, as well as pollution, will increase the green cover in cities.

INDUSTRY RESTRAINTS

Lower Efficiency than Gasoline Hedge Trimmers

The demand for hedge trimmers with high torque remains high for trimming difficult terrains, such as dips and hills, and battery-powered hedge trimmers produce lower power than gasoline-powered ones. Generally, the torque of electric hedge trimmers remains low compared with gasoline ones, which affects the demand for equipment in the hedge trimmer market. Electric hedge trimmers have a low run time, and hence, the preference for these trimmers to trim large areas of more than half an acre remains low. The need to charge the battery again results in downtime, but a gasoline hedge trimmer does not suffer from this problem as users can refuel these in less time. However, vendors are constantly taking initiatives to overcome challenges related to power and run time through constant advances in battery technology, which is expected to increase the run time of battery-powered hedge trimmers.

GEOGRAPHICAL ANALYSIS

North America was the largest geographical segment in the global hedge trimmers market, accounting for over 34% of the global revenue share in 2023. A large residential sector and numerous garden courses across the region support the demand for the equipment. Also, various factors, including government initiatives and increasing demand for home improvement, are leading to the expansion of residential units across the region and supporting market growth.

Furthermore, in Europe, the presence of a substantial green acreage among households and the concentration of many landscaping service providers contributed to the growth of the hedge trimmer market. Moreover, factors such as the rapidly growing hospitality sector are propelling the adoption of garden trimmers in the European market.

COMPETITIVE LANDSCAPE

Key Company Profiles

• Honda
• Husqvarna
• Robert Bosch
• Stanley Black & Decker
• STIHL

Other Prominent Vendors

• AL-KO Gardentech
• American Lawn Mower
• AriensCo
• Cub Cadet
• Einhell
• Emak
• Greenworks Tools
• Karcher
• Koki Holdings
• Lawn Master
• Makita
• Masport
• Snow Joe
• STIGA
• Techtronic Industries
• Texas
• The Toro Company
• WORX

KEY QUESTIONS ANSWERED

• How big is the global hedge trimmer market?
• Which region dominates the global hedge trimmer market share?
• What is the growth rate of the global hedge trimmer market?
• What are the significant trends in the global hedge trimmer market?
• Who are the key players in the global hedge trimmer market? 

Key Attributes:

Report Attribute	Details
No. of Pages	187
Forecast Period	2023 - 2029
Estimated Market Value (USD) in 2023	$1.34 Billion
Forecasted Market Value (USD) by 2029	$1.79 Billion
Compound Annual Growth Rate	4.9%
Regions Covered	Global

Key Topics Covered:

1. Scope & Coverage

1.1. Market Derivation

1.2. Market Definition

1.3. Segment Coverage & Definition

2. Premium Insights

2.1. Opportunity Pocket

2.2. Key Market Highlights

2.3. Regional Insights

3. Market Dynamics

3.1. Opportunity & Trends

3.2. Market Enablers

3.3. Market Restrains

3.4. Introduction

3.5. Market Landscape

4. Market Segmentation

4.1. Blade Size

4.2. Fuel Type

4.3. End-user

4.4. Distribution Channel

5. Geographical Segmentation

5.1. North America

5.2. Europe

5.3. Asia-Pacific (APAC)

5.4. Latin America

5.5. Middle East & Africa

6. Competitive Landscape

6.1. Competitive Scenario

6.2. Market Share Analysis

6.3. Key Company Profiles

6.4. Other Prominent Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/d6oi83

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