The GMI Research anticipates that the Outdoor Power Equipment Market will encounter a speculation in demand over the forecast period. This is because of the aggravating usage of these tools across various residential applications and their enormous benefits such as better efficiency and less noise.
Introduction of the Outdoor Power Equipment Market
Outdoor power equipment refers to the tools using small motors & engines implemented for numerous services such as gardening, mowing lawns, maintenance of the property, and other services. In addition, the electric-powered outdoor power equipment is the equipment working on batteries and electricity.
Key Players of Market:
- Husqvarna AB
- Deere & Company
- The Toro Company
- American Honda Motor Co., Inc.
- Techtronic Industries Co. Ltd.
- MTD
- Andreas Stihl AG & Co. KG
- Arians Company
- YAMABIKO Corporation
- Stanley Black & Decker, Inc.
Outdoor Power Equipment Market Dynamics
The factors compounding the growth of the global outdoor power equipment market share include the accelerating urban population, aggravating consumer expenditure on durable goods as well as the increasing emphasis of homeowners on adorning their gardens. Also, the surging apprehension concerned with environmental pollution has stimulated individuals towards clean energy sources to decrease carbon emissions, further strengthening the market demand.
Besides this, the expansion in the research and development activities and ongoing technological modernizations in this equipment to elevate the comfort level, performance, dependability, and design is persuading individuals to choose these sophisticated instruments. However, according to the Outdoor Power Equipment Market Report, the inflated maintenance cost of these types of tools will hinder the market growth.
Equipment Type Segment Drivers
Based on the equipment type, Saws are anticipated to perceive a faster growth over the coming years. The rapid espousal of saws because of their several applications for bucking, cutting, and cutting trees has supplemented the market growth. Additionally, various advantages associated with the implementation of electric-powered saws such as no fuel discharge, security, competitiveness, better power & performance, and user-friendly feature are driving the outdoor power equipment size.
Geographical Drivers
The Asia-Pacific region is foreseen to maintain its supremacy with the highest market share over the coming years. The increasing application of outdoor power equipment because of the amplification of development projects across the infrastructural and residential markets. In addition, as stated by the outdoor power equipment market research, the accelerating urban population, and the growing apprehension to reduce pollution is persuading the construction of viable buildings, further adding to the market growth.
Outdoor Power Equipment Market Segmentation:
Segmentation by Equipment Type
- Saws
- Lawn Mowers
- Riding Lawn Mowers
- Lawn Tractors & Garden Tractors
- Rear Engine Riding Mowers
- Zero-Turn-Radius Mowers (ZTR)
- Non-Riding Lawn Mowers
- Walk-Behind Lawn Mowers
- Robotic Lawn Mowers
- Blowers
- Trimmers & Edger’s
- Snow Throwers
- Tillers & Cultivators
- Others
Segmentation by Power Source
- Fuel Powered
- Electric Powered
- Corded
- Cordless
Segmentation by Application
- Residential/DIY
- Commercial
Segmentation by Region:
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- RoW
- UAE
- Brazil
- South Africa
- Saudi Arabia
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