Home Press Releases Outdoor Power Equipment Market Size Worth $28.96 Billion By 2027 | CAGR: 3.4%

Outdoor Power Equipment Market Size Worth $28.96 Billion By 2027 | CAGR: 3.4% |

The global outdoor power equipment market size is expected to reach USD 28.96 billion by 2027 according to a new study by Polaris Market Research. The report “Outdoor Power Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment [Mowers (Riding, Non-riding), Trimmers & Edgers, Blowers (Backpack, Handheld), Tillers & Cultivators, Snow Throwers, Others]; By Power Source (Fuel Powered, Electric Powered); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Sub-urban and traditional housing infrastructure in developed economies has backyard and front yard gardens or open house spaces devoted for recreational purposes, such as playing, relaxing, and, cooking or grilling). As a result, the demand for outdoor power equipment is expected to witness growth in North America and Europe. The purchase decision in the market is influenced by technology, ease of use, and cost of equipment for both residential and commercial customers. The normal equipment is costly for the common person and it is often found that the product is leased for special outdoor events.

 

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Increasing demand for electric-powered garden equipment is expected to drive the demand for the outdoor power equipment market over the forecast period. In addition, the increasing consumers’ need for beautifying their gardens, the demand for equipment such as a chainsaw, lawnmowers, trimmers, and blowers among others is expected to witness high demand. As a result, the outdoor power equipment market is expected to witness substantial growth.

 

Market participants such as Briggs & Stratton Corp., Ariens Company, Stanley Black & Decker, Inc., AL-KO KOBER GROUP, Husqvarna AB, Schiller Ground Care, Yamabiko Corp, Techtronic Industries Company Ltd, Emak S.p.A., Honda Motor Company, Ltd., Excel Industries, Inc., CHERVON (China) Trading Co., Ltd., Andreas Stihl AG & Company KG, MTD Holdings Inc., and Makita Corp. are some of the key players operating in the global market. The players in the market are implementing new initiatives to stay competitive. For instance, in July 2020, Husqvarna introduced Husqvarna Connect App in Canada. This new App is will connect its customers to provide information about the product’s specifications, parts, maintenance requirements, and operators manual.

 

Polaris Market Research has segmented the outdoor power equipment market report on the basis of equipment, power source, and region

Outdoor Power Equipment, By Equipment Outlook (Revenue – USD Million, 2016 – 2027)

  • Mowers
    • Riding
    • Non-riding
  • Saws
  • Trimmers & Edgers
  • Blowers
    • Backpack Blowers
    • Handheld Blowers
  • Tillers & Cultivators
  • Snow Throwers
  • Others

Outdoor Power Equipment, By Power Source Outlook (Revenue – USD Million, 2016 – 2027)

  • Fuel-Powered
  • Electric-Powered

Outdoor Power Equipment Regional Outlook (Revenue – USD Million, 2016 – 2027)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Central & South America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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