market reports

A recent research report focused on the commercial turf equipment market found that this space is expected to grow at a CAGR of over 5% during the forecast period 2018–2024. The report, available for purchase, can be accessed at a number of market research online stores, including at Research and Markets. According to this November 2019 report, the commercial turf equipment is witnessing significant growth across the world. The report summary includes the following insights… With the increase in consumer spending toward landscaping services and other recreational activities, the demand for turf equipment is expected to grow. Activities, such as golf, are becoming mainstream consumer leisure destinations, thereby witnessing high growth in Europe, North America, and APAC. Golf is geographically concentrated, with approximately 78% of the supply of courses located in the countries, such as Australia, Scotland, Canada, Japan, the US, France, England, Sweden, Germany, and South Korea. Nearly 20% of the golfing countries enumerated growth in the course supply, during the period 2017–2018. Hence, an increase in the development of golf and other recreational activities is expected to impact the demand for lawn mowers and machines favorably. The following factors are likely to contribute to the growth of the commercial turf equipment market during the forecast period: Increasing Number of Golf Courses worldwide The advent of Robotic Lawn Mowers Technological Innovations
• Shifting Preferences toward Adoption of Eco-friendly Solutions The study considers the present scenario of the global commercial turf equipment market and its market dynamics for the period 2018-2024. ...