Vegetation Equipment Market
Vegetation Equipment Market
The market for Vegetation Equipment was estimated at $7.91 billion in 2024; it is anticipated to increase to $12.0 billion by 2030, with projections indicating growth to around $17.0 billion by 2035.
Global Vegetation Equipment Market Outlook
Revenue, 2024 (US$B)
$7.9B
Forecast, 2034 (US$B)
$15.9B
CAGR, 2024 - 2034
7.199999999999999%
Market Key Insights
- The Vegetation Equipment market is projected to grow from $7.9 billion in 2024 to $15.9 billion in 2034. This represents a CAGR of 7.199999999999999%, reflecting rising demand across Landscaping and Groundskeeping, Habitat Conservation and Agriculture and Farming.
- The market leaders in this sector include John Deere and Caterpillar and Vermeer Corporation which determine the competitive dynamics of the industry.
- U.S. and China are the top markets within the Vegetation Equipment market and are expected to observe the growth CAGR of 4.7% to 6.9% between 2024 and 2030.
- Emerging markets including Indonesia, Turkey and South Africa are expected to observe highest growth with CAGR ranging between 8.3% to 9.9%.
- The Vegetation Equipment market will experience a $1.1 billion growth boost through 2030 because of the transition toward environmentally friendly equipment.
- The Vegetation Equipment market is set to add $7.9 billion between 2024 and 2034, with manufacturer targeting Commercial & Industrial Application projected to gain a larger market share.
- With Technological advancements, and Market demand for eco-friendly solutions, Vegetation Equipment market to expand 100% between 2024 and 2034.
Opportunities in the Vegetation Equipment
The increasing awareness for the environment and the stringent emission rules are driving a move towards electric and sustainable landscaping tools usage nowadays. Companies that focus on creating eco energy efficient products stand to establish themselves as leaders, in this changing market sector.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Technological Advancements, and Urbanization and Infrastructure Development
Restraint: High Initial Investment Costs
Opportunity: Automation and AI Integration and Urban Forestry Applications
Challenge: Environmental Concerns
Supply Chain Landscape
Raw Material Procurement
ArcelorMittal
Baosteel Group Corporation
Equipment Production
Deere & Company
Toro
STIHL
Distribution
Wolseley Canada Inc
Wesco International
End User Industries & Applications
Agricultural Sector
Landscape Services
Government Agencies
Raw Material Procurement
ArcelorMittal
Baosteel Group Corporation
Equipment Production
Deere & Company
Toro
STIHL
Distribution
Wolseley Canada Inc
Wesco International
End User Industries & Applications
Agricultural Sector
Landscape Services
Government Agencies