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Global Outdoor Power Equipment Market Projected to Reach USD 27,801 Million by 2026

02-Jul-2021 | Facts and Factors

According to Facts and Factors, the global outdoor power equipment market was valued at USD 23,014 Million in 2020 and is anticipated to make revenues of approximately USD 27,801 Million by 2026, with a CAGR of around 3.2% between 2021 and 2026.

In the recent few years, the worldwide outdoor power equipment industry has seen tremendous expansion. The market for outdoor power equipment is gradually shifting away from manual equipment and toward more technologically advanced and automated equipment. One such example is a robotic lawnmower. Alternative power sources, linked interfaces, and technological integration in outdoor power equipment are in high demand across the world. As a result, businesses are interested in developing fully and partially autonomous landscaping and lawn equipment for both home and commercial clients. Increasing urbanization, infrastructure activities, and disposable incomes, as well as increased corporate investments, are expected to drive demand for robotic lawn mowers and other sophisticated outdoor power equipment throughout the projection period.

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Top Market Players

Some main participants of the global outdoor power equipment market are Husqvarna Group, Stanley Black & Decker, Schiller Ground Care, Deere & Company, Techtronic Industries, Toro, Briggs & Stratton Corporation, Honda Motor Co., Ltd., Excel Industries, Inc., STIGA S.p.A., Stihl Group, AL-KO KOBER GROUP, CHERVON Group, MTD Products, Emak S.p.A., Ariens Company, Bosch, Jacobsen, Yamabiko Corporation and Makita amongst others.

In 2019, Home Depot, one of the U.S. leading retailers of outdoor power equipment, introduced innovation awards. The greatest invention was chosen as the Cub Cadet Ultima Series ZT1 50 FAB zero turn riding mower. The mower has a "zero turn riding capacity," which is particularly useful in compact gardens. It also has a sophisticated cutting mechanism that allows for more uniform cuts with clumps and stragglers. In addition, the truck has LED lights that may be utilized for gardening long after the sun has set. The ergonomic capabilities of its seat are a significant enhancement that provides significant comfort to operators. For the players of the outdoor power equipment market, the prize emphasized the essential areas for innovation.

Market Dynamics

The outdoor power equipment sector is transitioning from fuel-powered to electric-powered equipment as a result of increased environmental concerns and a growing number of strict regulatory laws connected to carbon emissions. The popularity of electric and battery-powered technology has spread beyond portable devices. Ride-on and heavy equipment, such as lawnmowers, are becoming more widely accessible in a variety of power sources, including gasoline and batteries. Municipalities and corporations are increasingly requesting green or environmentally friendly items for landscaping reasons, which is fueling the rise of electric-powered outdoor power equipment in these industries. The do-it-yourself (DIY) mentality is on the rise, contributing to a boom in gadget usage. The availability of a variety of equipment with ergonomic designs has resulted in a rise in demand for outdoor power equipment all around the world. Outdoor power equipment is preferred in the DIY market because of stringent rules requiring periodic upkeep of gardens and properties in private and communal premises.

E-commerce has impacted the outdoor power equipment business, just like it has on every other product on the market. Because of the simplicity of purchasing and the large range of items available, consumers prefer to shop online. Several e-retailers have also developed online advising services to assist customers in selecting the finest equipment for their needs. As a result, manufacturers are now able to offer their products directly through internet platforms, increasing their profit margins.

The Asia Pacific is projected to Dominate Global Outdoor Power Equipment Market Growth

The market in the Asia Pacific is propelled by both infrastructure and residential development projects. China and India, for example, are substantially investing in infrastructure, smart cities, and urban planning. Furthermore, increased urbanization and an increase in building activities are creating possibilities for both small and large companies in the area.

Browse the full report Outdoor Power Equipment Market By Equipment Type (Lawn Mowers, Blowers, Saws, Tillers & Cultivators, Trimmers & Edgers, Snow Throwers, and Others), By Power Source Type (Visual Fuel Power and Electric Power), By Application (Residential/DIY and Commercial), By Region: Global and Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026 at https://www.fnfresearch.com/outdoor-power-equipment-market

The global outdoor power equipment market is segmented as follows:

By Equipment Type:

  • Lawn Mowers
  • Blowers
  • Saws
  • Tillers & Cultivators
  • Trimmers & Edgers
  • Snow Throwers
  • Others

By Power Source Type:

  • Fuel Power
  • Electric Power

By Application:

  • Residential/DIY
  • Commercial

By Region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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