All Roads Lead to Gardening: Why Manufacturers Should Consider Making Tools and Equipment

To thrive in any given industry, companies need to do a few steps: innovate, pivot, expand, or offer something else. For those that are in equipment and tools manufacturing, there’s one product they may want to focus on: gardening supplies.

These days, support for these types of manufacturers is abundant. Besides federal and state incentive schemes and loans, the best equipment is also available. One of these is the bus bar bender for sale, which is necessary to create precise designs from metals.

Many types of data also point to the growing popularity of gardening in Australia and around the world:

1. Most Market Forecasts Point to Growth

According to Technavio, the demand for garden and lawn tools will achieve a compound annual growth rate (CAGR) of 6% between 2019 and 2023. Within this period, the revenues may increase by over $6 billion.

Meanwhile, a report published in Market Watch revealed that the market size might expand to $22 billion by 2025. It will be over $5 billion higher than in 2018, with a CAGR of almost 3% within the forecast period.

Persistence Market Research also has a positive outlook. From 2019 to 2029, the garden tools market will achieve a cumulative annual growth of 2.9%. Much of the sales will come from online, followed by retail and distributor. When it comes to the market, the biggest region will be Europe, but North America will come in second. In third place is the Asia Pacific, where Australia belongs.

2. More Homeowners Want to Garden

According to Persistence Market Research, more than 50% of homebuyers were willing to pay a higher price for a property or apartment that have enough space for a garden. People have a variety of reasons to grow plants.

One of these is the supposed health benefits of the activity. In a report by Greenlife Industry Australia, over 85% of Aussies believe that gardening promotes a fitter body and relaxation. About 73% of the women said that plants enhance their feeling of happiness, while 76% revealed they find inspiration looking at other people’s gardens.

Other data suggested that over 50% or 4.7 million of the households in the country grow some of their produce. Besides reducing their grocery spending, these individuals may find their food to be cleaner, more organic, and healthier.

3. There Are Many Ways to Garden

The Technavio report partly attributed the popularity of the demand for garden supplies to smart gardening. It refers to the integration of devices to growing plants. These technologies may help control or adjust factors such as temperature, sunlight, and water.

In Australia, many parts still have enough land for a homestead or a yard. However, the majority of people live in urban cities where sufficient spaces for gardening are getting harder to find. For this reason, some households have learned to do vertical or rooftop gardening.

4. Food Insecurity Is Real

Australia seems to fare better than other countries when it comes to food insecurity. It doesn’t mean, however, that everyone has access to it. In 2018, about 18% of the population ran out of food and didn’t have the means to buy more.

Food insecurity occurs for many reasons, including climate change, which alters agriculture production. Regardless, experts believe that one of the options to solve it is sustainability. It may imply increasing food production or empowering individuals to grow theirs.

Overall, producing gardening supplies, from lawnmowers to pots, may help manufacturers tap an eager growing market.

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