Transparency Market Research in its new report titled, “Garden Tractor Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the garden tractor market. The TMR report anticipates that the rapid urbanization and numerous projects undertaken by governments and non-profit organizations in order to increase the green space and public gardens across cities, owing to the rising pollution will drive the garden tractor market during the forecast period i.e, 2018-2026.
According to the report, growing golf courses, globally, have led to an increase in demand for garden tractors, as the grass on golf courses requires regular maintenance. Rising importance and awareness toward green spaces due to health and environmental benefits is boosting the garden tractor market. Most garden tractors are equipped with locking differentials that provide better traction and are highly effective for maintaining large gardens or areas of open land and around wider objects such as trees and bushes. Garden tractors offer numerous benefits apart from cutting grass such as sweeping leaves, moving snow, spreading fertilizer, or even as a trailer. This, in turn, is expected to provide lucrative opportunities during the forecast period. Higher cost of the garden tractor, as compared to a lawn tractor, or ride-on mower (front mower), is estimated to hamper the garden tractor market, says the report.
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The TMR report has segregated the garden tractor market based on engine type, application, and region. In terms of engine type, the garden tractor market is divided into gasoline or diesel garden tractor and electric garden tractor. The global approach toward green vehicles is expected to boost the electric garden tractor segment during the forecast period. On the basis of application, the garden tractor market is segregated into mowing, mowing & hauling, and others. The grass cutting only segment accounts for a prominent share of the market owing to its major purpose of grass cutting. The grass cutting only segment is expected to expand at a sluggish pace owing to its higher cost, which in turn is boosting the demand for lawn tractors, which are economical, easy to operate, and are ideal for small gardens.
From a geographical perspective, the garden tractor market is segmented into Asia Pacific, Europe, North America, Latin America, Middle East & Africa, and Rest of the World (ROW). Among these, Asia Pacific accounts for a major share of the global garden tractor market due to the high rate of adoption and rise in the number of golf courses in the region, especially in China, Japan, ASEAN, and South Korea. North America holds a major share of the market due to the increasing trend of homegrown organic fruits and vegetable in the region. The garden tractor market in North America is expected to expand at a significant growth rate owing to the preference for gardening in the region. Some of the major players operating in the global garden tractor market are profiled in this report to give a better competitive analysis and these include Husqvarna AB, Deere & Company, Briggs & Stratton, Cub Cadet, Sears, The Toro Company, Ariens Company, Weifang luzhong Tractor Co.,Ltd., Emak S.p.A., Vmax International Group (Shanghai) Co.,Ltd., Erkunt Tractor Sanayii A.?., International Tractors Ltd., and Shibaura Europe BV.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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