UK markets open in 57 minutes
  • NIKKEI 225

    29,020.86
    +2.53 (+0.01%)
     
  • HANG SENG

    28,708.65
    +150.06 (+0.53%)
     
  • CRUDE OIL

    70.63
    -0.41 (-0.58%)
     
  • GOLD FUTURES

    1,785.90
    +11.10 (+0.63%)
     
  • DOW

    33,823.45
    -210.22 (-0.62%)
     
  • BTC-GBP

    27,116.66
    -914.04 (-3.26%)
     
  • CMC Crypto 200

    935.59
    -34.29 (-3.54%)
     
  • ^IXIC

    14,161.35
    +121.67 (+0.87%)
     
  • ^FTAS

    4,071.33
    -17.14 (-0.42%)
     

$1.6 Billion Worldwide Pruning Tools Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

·2-min read

The "Pruning Tools - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Pruning Tools estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$2 Billion by 2027, growing at a CAGR of 2.9% over the period 2020-2027.

Residential, one of the segments analyzed in the report, is projected to record 2.5% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial segment is readjusted to a revised 3.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $435 Million, While China is Forecast to Grow at 4.5% CAGR

The Pruning Tools market in the U.S. is estimated at US$435 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$372.9 Million by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 2.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.

Select Competitors (Total 36 Featured):

  • ARS Corporation

  • Bahco

  • Castellari

  • Corona Tools

  • Felco sa

  • Fiskars

  • Gebr. Schroder

  • Gilmour

  • Shanghai Worth Garden

  • Tramontina

  • Zenport Industries

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 36

For more information about this report visit https://www.researchandmarkets.com/r/ajx3tr

View source version on businesswire.com: https://www.businesswire.com/news/home/20210518005787/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting