According to Future Market Insights (FMI) projection, the global electric hedge trimmer market has consistently grown, reaching a commendable net worth of US$ 476.6 million by the end of 2022. According to FMI, the global market value is projected to increase even more in 2023, reaching around US$ 503.3 Million. This upward trend is projected to continue over the forecast period from 2023 to 2033 as the market could secure a promising CAGR of 5.6%. The overall market is expected to reach a fantastic worth of US$ 867.9 million by the conclusion of this forecast period in 2033.
Electric hedge trimmer sales have been boosted by the expanding trend of home gardening and the increased demand for landscaping and garden management services. The need for gardening and landscaping equipment, particularly electric hedge trimmers, has increased due to rapid urbanization and rising disposable incomes.
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These trimmers are becoming well-liked among commoners and professionals since they provide a practical and environmentally responsible substitute for conventional gas-powered devices. Moreover, the switch from gas-powered to electric hedge trimmers has been motivated by lower operating expenses and the need for sustainable landscaping techniques.
The availability of inexpensive substitutes, particularly in areas with more lenient environmental rules, may influence market dynamics. Despite the rise in popularity of electric versions, some customers continue to choose the greater power and longer runtime provided by traditional trimmer types.
Key Takeaways from the Global Electric Hedge Trimmer Market Report:
- The overall market is predicted to witness an absolute dollar growth of US$ 364 million over the next ten years.
- Until 2022, the demand for electric hedge trimmers in Europe was higher than in North America. European countries contributed nearly 29% together, while the United States and Canada contributed 20% of the global sales in 2022.
- The Asia Pacific region, in particular, presents greater opportunities for electric hedge trimmer manufacturers as the standard of living is improving at a higher rate.
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Competitive Landscape for the Electric Hedge Trimmer Market Players
American Honda, ECHO, Husqvarna, Robert Bosch, STIHL, Blount, Ernak, GreenWorks, Makita, MTD RYOBI, Stanley Black and Decker, and Flymo are some top market players. To compete with gas- and battery-powered hedge trimmers, the leading players are concentrating on enhancing the effectiveness and performance of electric hedge trimmers. Additionally, maintaining product quality and abiding by safety regulations builds consumer confidence and retains a favorable reputation.
The growing competition in this market can be ascribed to the expanding use of electric hedge trimmers in several industries worldwide. New market players that can forge a solid presence and distribution system soon stand to gain a lot from this expanding market. They must also highlight their products’ distinctive selling characteristics, such as their usability and eco-friendliness, to differentiate themselves from competitors.
Robert Bosch announced introducing its new line of electric hedge trimmers, a strong motor, and a lengthy operating period in November 2022. The new series of electric hedge trimmers from Bosch are made for several gardening tasks, such as pruning bushes, shrubs, and hedges.
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