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Research Reports

Turf Care Equipment Market to expand at a steady CAGR of over 4% during 2021-2031

 

 

Global turf care equipment sales are set to be valued at US$ 12.6 Bn in 2021, with a stable long-term projection, according to latest insights from Persistence Market Research. The report estimates the global turf care equipment market to expand at a steady CAGR of over 4% during 2021-2031.

As far as all the types of turf care equipment are concerned, mowers are the most sought-after across facilities and regions. Demand for energy-efficient and advanced equipment is also rising, with many small- and medium-sized business emerging, especially in developing regions. This is the reason why commercial lawns and turfs hold a high market share, with the trend expected to continue throughout the period of forecast.

CLICK HERE TO GET A SAMPLE REPORT (INCLUDING FULL TOC, TABLE & FIGURES) – https://www.persistencemarketresearch.com/samples/32357 

Key Takeaways from Study

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“Upsurge in demand for lawn mowers in recent years from various end-use segments is expected to provide an impetus to turf care equipment sales. Substantial increase in the penetration of autonomous and connected mowers technology has brought about a shift from conventional lawn mowers to high-tech equipment, says a Persistence Market Research analyst.

Competitive Landscape

The market is moderately consolidated in nature, with key players accounting for more than half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Husqvarna AB, Honda Motor Co., Deere & Company, The Toro Company, MTD Products, Inc., Kubota Corporation, Briggs & Stratton Corporation, and BLACK+DECKER Inc.

Read More Trending “PMR Exclusive Article”-  https://www.prnewswire.com/news-releases/turf-care-equipment-market-to-expand-at-a-steady-cagr-of-over-4-during-2021-2031-301253737.html

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