Today, let’s take a look at the top ten companies in the global landscape tool business that are doing well. The ranking is not in any particular order, and we hope they are the brands in your mind.
NO.1 ???????? Stanley Black & Decker
Operating revenue: 15.781 billion US dollars
Main brands: DEWALT, BLACK+DECKER
Listing Overview: Listed on the US Stock Exchange
Stanley Black&Decker is the world’s largest tool and outdoor products company and a leader in industrial solutions, headquartered in the United States with approximately $16 billion in revenue. With nearly 170 years of development history, Stanley Best has grown into a globally renowned enterprise with high trust and value. The company has over 50000 diverse and high-performance employees, and its iconic brands include DEWALT, BLACK+DECKER, CRAFTSMAN, STANLEY, Cub Cadet, Hustler, and Troy Bilt. Stanley Bader can be said to be a big business, and garden tools have naturally become one of the leading brands in the industry. In 2023, Stanley Bader’s outdoor tool revenue was $3 billion.
NO.2 ???????? Chuangke Industrial, Hong Kong, China
Operating revenue: 13.731 billion US dollars
Main brands: MILWAUKEE, RYOBI
Listing Overview: Hong Kong Stock Exchange Listing
TTI Industrial Co., Ltd. (TTI) is a rapidly growing and leading global enterprise in power tools, accessories, manual tools, outdoor gardening tools, and floor care products. We specialize in providing home decoration, repair, maintenance, construction, and infrastructure products for DIY enthusiasts, professionals, and industrial users. Chuangke Industrial is committed to accelerating the transformation of the industry through advanced rechargeable technology that is environmentally friendly. Brands under the umbrella of Chuangke Industrial, such as MILWAUKEE, RYOBI, and HOOVER, have a long and distinctive product history. Their rechargeable product platforms are of excellent quality, outstanding performance, and combine safety and productivity. They are innovative and widely recognized worldwide. Chuangke Industrial was established in 1985 and listed on the Hong Kong Stock Exchange in 1990. It has now been included as a constituent stock of the Hang Seng Index. Chuangke Industrial has a strong product portfolio, with manufacturing and product development footprints covering the world. At the same time, its financial situation is stable, with a record breaking global sales volume of 13.731 billion US dollars in 2023 and over 47000 employees. TTI’s MILWAUKEE is a global leader in professional tools, while RYOBI is a global leader in DIY. Undoubtedly, their landscaping tools are also top-notch.
N0.3 ???????? STIHL
Operating revenue: approximately 5.9 billion US dollars
Main brand: STIHL
Listing Overview: Not yet listed
Steele Group develops, manufactures, and sells motor-driven equipment for forestry and agriculture, as well as landscape protection, construction, and private garden owners. This series is also supplemented by digital solutions and services. In 1926, Andr é Steele invented the world’s first chainsaw in Kandatt, Stuttgart, Germany and began producing chainsaw products Steele brought revolutionary changes to forestry and also changed the way forestry workers work, greatly improving work efficiency. He is known as the ‘father of chainsaws’ by the world. Nowadays, Steele has 42 sales and marketing companies, approximately 120 importers, and over 55000 professional distributors in more than 160 countries and regions. Steele is produced in seven countries worldwide: Germany, the United States, Brazil, Switzerland, Austria, China, and the Philippines. Since 1971, Steele has been the world’s best-selling chainsaw brand. Steele, the inventor of the global power saw, is undoubtedly the global leader in garden tools.
N0.4 ???????? BOSCH
Operating revenue: approximately 5.5 billion US dollars
Main brand: BOSCH
Listing Overview: Not yet listed
Bosch Power Tools is a leading global manufacturer of power tools and accessories, providing professional and efficient solutions for different job requirements. With outstanding performance and innovative technology, we ensure the safety of construction personnel while accomplishing work tasks. The products sold in China mainly include four categories: handheld power tools, desktop power tools, measuring tools, and power tool accessories.
N0.5 ???????? makita
Operating revenue: approximately 5.2 billion US dollars
Main brand: Makita
Listing Overview: Tokyo, Nagoya, and NASDAQ in Japan and the United States
Makita Co., Ltd. is one of the largest manufacturers specializing in the production of professional electric tools in the world. Headquartered in Ancheng, Aichi Prefecture, Japan, it was founded in 1915 and listed in Tokyo, Nagoya, and NASDAQ stock markets in the United States, with a registered capital of 24.2 billion yen. The entire group has more than 9000 employees. Our main business includes the manufacturing and sales of electric tools, woodworking machinery, pneumatic tools, household and gardening machines, etc. Makita has production bases in Japan, China, and Vietnam, and overseas manufacturing accounts for 80% of the entire group. In 2023, the outdoor part of Makita accounted for over 25% of the total revenue, about 1.3 billion US dollars, which is close to the entire industry revenue of Quanfeng Group in 2023, indicating its extraordinary strength.
N0.6 ???????? Husqvarna
Operating revenue: approximately 4.978 billion US dollars
Main brands: Husqvarna, Gardena
Listing Overview: Listed in Stockholm
Fushihua Group was founded in 1689 and has now developed into a global leader in manufacturing innovative products and solutions for managing forests, parks, and gardens. Fushihua’s diversified product range includes robot lawn mowers, chainsaws, trimmers, riding lawn mowers, and watering solutions. Husqvarna Group is still a leader in equipment and diamond tools for the construction industry, as well as diamond tools for the natural stone industry. Fushihua’s products and solutions are mainly operated by global brands such as Husqvarna and Gardena, benefiting consumers and professional users through direct sales, distributors, and retailers in over 100 countries and regions. The net sales for 2023 are 53.3 billion Swedish kronor, and the group has approximately 13800 employees in 40 countries and regions. Fushihua is one of the global leaders in garden tools, and is most proud of its creative invention of an intelligent lawn mower robot, which is far ahead.
NO.7 ???????? TORO
Operating revenue: 4.55 billion US dollars
Main brand: TORO
Listing Overview: Listed in the United States
TORO, founded in 1914, is a global supplier of innovative lawn equipment, landscaping equipment, rental and construction equipment, sprinkler irrigation equipment, and outdoor lighting solutions. It primarily provides excellent customer service for golf courses, sports fields, public green spaces, commercial and residential buildings, and agricultural land. TORO has distributors in 125 countries or regions worldwide and its main brands include Ditch Witch, Exmark, BOSS, American Augers, Venturac, Substitute Electronics, HammerHead, Trencor, and more. In 2023, TORO’s operating revenue was 4.55 billion US dollars. TORO is the strongest garden tool brand in the North American market in the United States, and there is no need to say much about others.
NO.8 ???????? HiKOKI
Operating revenue: approximately 2.7 billion US dollars
Main brands: HiKOKI, Metabo
Listing Overview: Delisted
Gongji Holdings Co., Ltd. is a Japanese brand specializing in the manufacturing of electric tools, formerly known as Hitachi Gongji. It specializes in the production and sales of over 1300 types of electric tool products and holds more than 2500 technical patents. In 2015, Hitachi Machinery acquired the well-known German power tool brand, Metabao. In 2017, Hitachi, Ltd. completed its privatization adjustment and delisted from Tokyo Stock Exchange due to a financing acquisition by KKR, a US fund company. In June 2018, it was renamed as Industrial Machinery Holdings Co., Ltd. Its product brands include well-known brands such as HiKOKI, MetaboHPT, SANKYO, CARAT, Hit Min, etc. In 2017, Hitachi’s operating revenue was 191.161 billion yen (approximately 1.3 billion US dollars). In 2020, Industrial Machinery Holdings proposed a sales strategy target of 2.7 billion US dollars. As of 2023, Industrial Machinery Holdings has 6860 employees and has manufacturing bases in Japan, China, and other places. I just want to say that although the storefront has been changed, the strength of Hitachi and McDonnell Douglas cannot be underestimated, and their lithium battery platforms are also worthy of praise.
N0.9 ???????? China Quanfeng Holdings
Operating revenue: 1.375 billion US dollars
Main brand: EGO
Listing Overview: Hong Kong Stock Exchange Listing
Quanfeng Holdings is the largest global supplier of electric tools and outdoor power equipment (OPE) in China. Especially in the field of lithium battery technology innovation, it was one of the first companies in the world to commercialize lithium-ion battery power tools in 2006 and launch high-voltage OPE products in 2014. Enable Quanfeng Holdings to grow rapidly and occupy a leading position in the global market. Quanfeng Holdings’ global R&D team is located in R&D centers in five countries: China, Germany, the United Kingdom, the United States, and the Netherlands. Quanfeng Holdings currently has five differentiated and widely recognized brands, EGO, FLEX, SKIL, Dayou, and Xiaoqiang, covering major regions and segmented markets. In 2023, Quanfeng Holdings’ revenue was 1.375 billion US dollars and it has approximately 8400 employees. There won’t be much introduction about Quanfeng, the above introduction is enough.
N0.10 ???????? Baoshide Technology (China) Co., Ltd
Operating revenue: approximately 800-900 million US dollars
Main brand: Worx
Listing Overview: Not yet listed
Baoshide is a multinational company that integrates innovative tool and robot research and development, manufacturing, and marketing. Its comprehensive strength ranks among the top in the global power tool industry, and it is one of the largest power tool manufacturers and exporters in China. Its lawn mowing robot products have the highest market share in the global modern channel market. Baoshi De has more than ten overseas branches, four research and development centers in Suzhou, Italy, Australia, and Shanghai, and three manufacturing bases in Suzhou, Zhangjiagang, and Vietnam. Our products cover categories such as home, garden, professional, service robots, and peripheral home products. We have independent high-end brands Worx and Noesis Letu, as well as two major overseas acquired brands Rockwell and Kress. Our independent brand products have been sold in nearly 70 countries and regions worldwide. Among them, the Worx brand has become the highest positioned brand in the global DIY market and has won the annual “CCTV China Brand of the Year” award, possessing high brand value. Baoshi’s expertise in the garden tools industry is enough to make a lawn mowing robot a god, and its invention of high-pressure cleaning water gun deserves its place in this industry.
Technology is constantly advancing and developing. We hope our tools can truly help you. So, which brand in your mind is the king of the garden tool industry?