Zhong Guo Jing Ying Bao·2026-02-06 10:48Market Overview - The global garden equipment and tools market is expected to reach between $90 billion and $112 billion by 2025, with North America holding approximately 35%-40% and Europe around 25% of the market share [1] - The market is projected to grow significantly, surpassing $130 billion to $160 billion by 2032-2034, maintaining a compound annual growth rate (CAGR) of about 4.5% to 6.5% [1] Company Performance - Several Chinese garden tool companies, including Grebo (301260.SZ) and Daye Co., Ltd. (300879.SZ), are accelerating their expansion into overseas markets [1] - Grebo is expected to report a net profit loss of between 270 million and 350 million yuan in 2025, a significant decline from a profit of 8.8 million yuan in 2024 [1][3] - Daye Co., Ltd. is also projected to incur a net loss of 10 million to 20 million yuan in 2025, influenced by global demand fluctuations and increased fixed costs following the acquisition of AL-KO [4] Industry Challenges - The industry is facing a narrowing profit margin, yet new entrants like Lawnix are enthusiastic about entering the market, leveraging their team's experience from leading companies [2] - Geopolitical factors are impacting the export of garden tools, with Daye Co., Ltd. facing an anti-dumping investigation from the EU regarding lawn mowers produced in China [4] Technological Trends - The transition to lithium battery-powered tools is accelerating, with the U.S. lawn mower market projected to see a 39.3% share from fuel-powered models, while lithium and robotic categories are growing at an 18.4% CAGR [6] - Companies are focusing on the "three electric systems" (battery, motor, control) as the core of their lithium-powered products, with advancements in fast charging technology [6] - AI technology is being integrated into garden tools, with companies like Grebo and Daye Co., Ltd. investing in smart product development [6][7] Product Innovation - Lawnix is innovating with products tailored to regional preferences, such as a pruning machine with a gyroscope for European users and a self-propelled mower for North American markets [7] - Both Grebo and Daye Co., Ltd. are enhancing their R&D capabilities to develop smart products and improve product value across various applications [6][7]