New Analysis from Global Industry Analysts Reveals Steady Growth for Hedge Trimmers, with the Market to Reach $1.8 Billion Worldwide by 2026
SAN FRANCISCO, Sept. 10, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Hedge Trimmers – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 563
Companies: 41 – Players covered include American Honda Motor Co., Inc.; Blount International, Inc.; Echo, Inc.; Emak SpA; Greenworks Tools, Inc.; Husqvarna AB; Makita Corporation; MTD Products Inc.; One World Technologies, Inc. (RYOBI); Robert Bosch GmbH; Stanley Black & Decker, Inc.; STIHL, Inc.; The Toro Company; Zhejiang Zomax Garden Machinery Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Component (Cordless Hedge Trimmer, Corded Hedge Trimmer); End-Use Industry (Commercial, Residential); Type (Small, Medium, Large)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Hedge Trimmers Market to Reach $1.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Hedge Trimmers estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.8 Billion by 2026, growing at a CAGR of 6.9% over the analysis period. Small, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$617.3 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Medium segment is readjusted to a revised 6.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $344.5 Million in 2021, While China is Forecast to Reach $380.3 Million by 2026
The Hedge Trimmers market in the U.S. is estimated at US$344.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$380.3 Million by the year 2026 trailing a CAGR of 10.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
Large Hedge Trimmers Segment to Reach US$463.1 Million by the year 2026
In the global Large segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$238.6 Million in the year 2020 will reach a projected size of US$355 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Global Industry Analysts, Inc.
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SOURCE Global Industry Analysts, Inc.
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