Global Outdoor Power Equipment Market Report to 2031 – Players Include Earthwise, Husqvarna, MTD and Oregon – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Outdoor Power Equipment Market By Type, By Power Source, By Functionality, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031” report has been added to ResearchAndMarkets.com’s offering.
The global outdoor power equipment market size was valued at $24.4 billion in 2021, and projected to reach $41.1 billion by 2031, with a CAGR of 5.4% from 2022 to 2031.
Outdoor power equipment uses compact engines or small motors for functioning. If the equipment is used specifically for outdoor services, then it is referred to as outdoor power equipment. The outdoor power equipment generally includes, brush cutters, edgers, chain saws, power rakes, and more.
Outdoor power equipment has major applications in both, residential and commercial sectors. Outdoor power equipment is commonly used by end-users, such as lawn & plant care providers and landscape service providers, for commercial purposes. The end users that use outdoor power equipment for residential purposes are do-it-yourself (DIY) enthusiasts and homeowners. The most widely used outdoor power equipment is the lawn mower.
Owing to major R&D investments by global players, there have been tremendous developments in the outdoor power equipment arena, starting from cordless tools, incorporation of sensors, to the adoption of industry 4.0 and robotics to create autonomous equipment.
These developments, along with a growing culture of garden and lawn care, increasing affinity for turf sports such as golf, increase in fleets of landscaping service providers, and increasing potential of the construction sector to adopt outdoor power equipment are contributors to the growing demand for outdoor power equipment.
Furthermore, initiatives by government and municipalities across regions for adopting sustainable landscaping and green infrastructure projects have also positively impacted the demand for outdoor power equipment.
Considerable steady growth in the construction industry globally is another major factor that is expected to drive the outdoor power equipment market for the next few years. Moreover, the latest technology and new product designs are expected to positively influence the outdoor power equipment market during the forecast period. However, costly equipment and rise in consumer preference for artificial grass hinder the market growth. Automation and customized products supported by notable growth in the construction sector are creating huge opportunities for the outdoor power equipment market.
Key Benefits
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the outdoor power equipment market analysis from 2021 to 2031 to identify the prevailing outdoor power equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the outdoor power equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global outdoor power equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Lawn Mowers
- Saws
- Trimmers and Edgers
- Blowers
- Snow Throwers
- Tillers and Cultivators
- Others
By Power Source
- Fuel Powered
- Electric Powered
By Application
- Residential
- Commercial
By Functionality
- Connected/Smart
- Conventional
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- U.K.
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Earthwise
- Husqvarna
- MTD
- Oregon
- Snow Joe
- TTI
- Craftsman
- Worx
- Bosch Ltd
- Honda
- Cub Cadet
- Troy Blit LLC
- Toro Company
- Briggs & Stratton Corporation
- McLane
For more information about this report visit https://www.researchandmarkets.com/r/y0llb3
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