This Outdoor Power Equipment Market business research document serves the purpose of making improved decisions, deal with marketing of goods or services, and achieve better profitability by prioritizing market goals. Market segmentation studies conducted in this industry report with respect to product type, applications, and geography are valuable in taking any verdict about the products. Keeping into the focus customer requirement, this finest market research report is constructed with the professional and in-depth study of industry. With the use of up to date and established tools and techniques, complex market insights are organized in simpler version in this Outdoor Power Equipment Market report for the better understanding of end user.
Global Outdoor Power Equipment Market business report provides data on patterns, improvements, target business sectors, materials, limits, and advancements. By thinking from the customer’s perspective, a team of researchers, forecasters, analysts and industry experts work carefully to formulate this Outdoor Power Equipment Market report. This gives more truthful understanding of the market landscape, issues that may affect the industry in the future, and how to best position specific brands. Furthermore, it works to determine the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. The Outdoor Power Equipment Market report helps to expand a successful marketing strategy for the business and acts as a backbone to the business.
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Global Outdoor Power Equipment Market By Equipment Type (Lawn Mowers, Saws, Trimmers & Edgers, Blowers, Tillers & Cultivators, Snow Throwers, Others), Power Source (Fuel Powered, Electric Powered), Application (Commercial, Residential), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Outdoor Power Equipment Market
Global outdoor power equipment market is set to witness a steady CAGR of 3.45% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for smart & connected power equipment and rising popularity of ergonomic and lightweight power equipment are the factor for the market growth.
Market Definition: Global Outdoor Power Equipment Market
Outdoor power equipment are used both for the commercial and residential applications. Some of the common types of outdoor power equipment are lawn mowers, saws, tillers & cultivators, snow throwers among others. This equipment can be placed outside the house or an attached garage as authorized by the official fire code.
- Rising demand for landscaping services will accelerate the market growth
- Increasing adoption of battery- powered outdoor power equipment also acts as a market driver in the forecast period
- Growing interest of homeowners in gardening services will augment the market growth
- Growing demand for push walk behind mowers will also contribute as a factor for the market growth
- High maintenance cost will hamper the market growth
- Availability of outdoor power equipment at lease will also hinder the growth of this market
Segmentation: Global Outdoor Power Equipment Market
By Equipment Type
- Lawn Mowers
- Trimmers & Edgers
- Trimmers and Brush Cutters
- Hedge Trimmers
- Walk-Behind Edgers and Trimmers
- Tillers & Cultivators
- Snow Throwers
By Power Source
- Fuel Powered
- Electric Powered
Key Developments in the Market:
- In June 2017, Husqvarna announced the launch of their new outdoor power products which are specially designed for garden, park, and forest care. These new products are specially designed so they can meet the Indian needs. Many of these products are available with either petrol engines or battery powered engines which allow a wide variety of applications and situations. Husqvarna India aims to promote sustainable agriculture in the Indian agro-industry by using its advanced power tools with higher fuel efficiency to help reduce operating costs by implementing greener technology
- In January 2015, MTD products announced the acquisition of CORE Outdoor Power. CORE introduced its motor technology to the outdoor electrical equipment industry about four years ago, while it has matured and gained popularity on the market. Along with MTD, CORE will be able to get the resources which they require to accelerate the business and this acquisition will help the MTD to strengthen their market position
Global outdoor power equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of outdoor power equipment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Major Market Competitors/Players
Few of the major competitors currently working in the global outdoor power equipment market are Husqvarna AB (publ); Deere & Company.; 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 among others.
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