Global Outdoor Power Equipment Market, By Equipment Type (Lawn Mowers, Saws, Trimmers and Edgers, Blowers, Tillers and Cultivators, Snow Throwers, Others), Power Source (Fuel Powered, Electric Powered), Application (Commercial, Residential), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Outdoor Power Equipment Market
The outdoor power equipment market is expected to witness market growth at a rate of 4.22% in the forecast period of 2021 to 2028. Data Bridge Market Research report on outdoor power equipment market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the use of product in various industries globally is escalating the growth of outdoor power equipment market.
Outdoor power equipment refer to the type of equipment that is utilized for the commercial and residential applications. Lawn mowers, tillers and cultivators, snow throwers and saws among others are few of the common types of outdoor power equipment. The equipment could be placed outside the house or an attached garage as authorized by the official fire code.
The increase in preference for the do-it-yourself (DIY) approach across the globe acts as one of the major factors driving the growth of outdoor power equipment market. The rise in adoption of battery-powered outdoor power equipment for maintaining lawns and gardening activities, and increase in inclination from manual equipment and toward more technologically advanced and automated equipment accelerate the market growth. The development of fully and partially autonomous landscaping and lawn equipment for both home and commercial clients, and rise in interest of homeowners in gardening activities further influence the market. Additionally, adoption of battery- powered outdoor power equipment, increase in number of infrastructure activities, and increased corporate investments positively affect the outdoor power equipment market. Furthermore, focus on manufacturing smart and connected outdoor power equipment, and high preference for rental services of outdoor power equipment extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high maintenance cost and availability of outdoor power equipment at lease are expected to obstruct the market growth. The presence of safety regulations and strict trade policies is projected to challenge the outdoor power equipment market in the forecast period of 2021-2028.
This outdoor power equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info outdoor power equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Outdoor Power Equipment Market Scope and Market Size
The outdoor power equipment market is segmented on the basis of equipment type, power source and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of equipment type, the outdoor power equipment market is segmented into lawn mowers, saws, trimmers and edgers, blowers, tillers and cultivators, snow throwers and others. Lawn mowers are further segmented into riding lawn mowers and non-riding lawn mowers. Riding lawn mowers are further sub-segmented into lawn tractors & garden tractors, rear engine riding mowers and zero-turn-radius (ZTR) mowers. Non-riding lawn mower are further sub-segmented into walk-behind lawn mowers and robotic lawn mowers. Saws are further segmented into chainsaws. Trimmers & edgers are further segmented into trimmers & brush cutters, hedge trimmers and walk-behind edgers and trimmers. Blowers are further segmented into backpack blowers and handheld blowers.
- On the basis of power source, the outdoor power equipment market is segmented into fuel powered, and electric powered.
- On the basis of application, the outdoor power equipment market is segmented into commercial, and residential.
Outdoor Power Equipment Market Country Level Analysis
The outdoor power equipment market is analyzed and market size, volume information is provided by country, equipment type, power source and application as referenced above.
The countries covered in the outdoor power equipment market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the outdoor power equipment market due to the presence of leading manufacturers of outdoor power equipment and increase in residential applications within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the rise in residential and commercial sectors in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Outdoor Power Equipment Market Share Analysis
The outdoor power equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to outdoor power equipment market.
The major players covered in the outdoor power equipment market report are American Honda Motor Co., Inc., The Toro Company, Stihl, MTD, Ariens., YAMABIKO Corporation, Stanley Black & Decker, Inc, Techtronic Industries Co. Ltd, Briggs & Stratton Corporation, AL-KO., Stiga S.P.A., Emak S.p.A., Robert Bosch GmbH, Makita U.S.A., Inc., Schiller Grounds Care, Inc., Excel Industries Inc, CHERVON (China) Trading Co., Ltd., Jacobsen Division of Textron., Husqvarna AB (publ), and Deere & Company., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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