The Outdoor Power Equipment Market is a thriving sector within the global machinery industry. It encompasses a wide range of equipment used for various outdoor tasks, such as gardening, landscaping, and maintenance of green spaces. This market includes products like lawn mowers, trimmers, chainsaws, blowers, and other power tools designed to enhance efficiency and productivity in outdoor tasks.
The global Outdoor Power Equipment (OPE) market size is expected to reach USD 28.10 Billion in 2022 in 2032 and register a steady revenue CAGR of 6.4% during the forecast period, according to latest analysis by Emergen Research. One of the key drivers of the Outdoor Power Equipment Market is the increasing demand for landscaping and gardening services. As homeowners and businesses prioritize the aesthetics and maintenance of their outdoor spaces, the need for efficient and reliable power equipment has grown. The desire for well-manicured lawns, gardens, and parks has fueled the demand for outdoor power equipment.
Furthermore, the trend towards urbanization has also contributed to market growth. As more people move to urban areas, the demand for outdoor power equipment increases. Urban dwellers often have smaller outdoor spaces but still require equipment to maintain their gardens and green areas. Compact and lightweight power tools are particularly popular in urban environments, where storage space is limited.
Moreover, the growing awareness of environmental sustainability has driven the demand for eco-friendly outdoor power equipment. Manufacturers are developing products that are more energy-efficient, emit fewer pollutants, and have reduced noise levels. This shift towards environmentally friendly equipment aligns with the increasing focus on sustainability and green practices.
However, the Outdoor Power Equipment Market also faces certain restraints. One of the primary challenges is the high cost associated with quality power equipment. Advanced features, durability, and reliability come at a price, making some equipment inaccessible to price-sensitive consumers. Additionally, the maintenance and repair costs of outdoor power equipment can also be a deterrent for some buyers.
Furthermore, the market is also influenced by seasonal demand patterns. In regions with distinct seasons, the demand for outdoor power equipment tends to be higher during the spring and summer months when gardening and landscaping activities are at their peak. This seasonality can create fluctuations in sales and production for manufacturers and retailers.
Government organizations provide valuable statistics related to the Outdoor Power Equipment Market. For instance, the U.S. Environmental Protection Agency (EPA) publishes data on emissions standards for outdoor power equipment. According to the EPA, emissions from small engines, such as those used in lawn mowers and trimmers, contribute to air pollution. The agency has implemented regulations to reduce emissions from outdoor power equipment, driving the development of cleaner and more efficient products.
The report on Global Outdoor Power Equipment Market added by Emergen Research offers a comprehensive analysis of the recent advancements in the Outdoor Power Equipment industry and trends driving the growth of the market. It is an investigative study covering analysis of market drivers, restraints, challenges, threats, and growth prospects in the global Outdoor Power Equipment market. The global Outdoor Power Equipment market report is a methodical research of the Outdoor Power Equipment market done by extensive primary and secondary research. The fundamental purpose of the Outdoor Power Equipment market report is to offer an accurate and strategic analysis of the Outdoor Power Equipment business sphere.
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Competitive Terrain:
The global Outdoor Power Equipment industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Briggs & Stratton, Deere & Company, Husqvarna Motorcycles, makita.in, Bosch Limited, Stanley Black & Decker, Inc, ANDREAS STIHL AG & Co, Techtronic Industries Co., Ltd., The Toro Company, and MTD Products Inc.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Outdoor Power Equipment market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Outdoor Power Equipment market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Outdoor Power Equipment market.
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Market Segmentations of the Outdoor Power Equipment Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Outdoor Power Equipment market on the basis of product, application, and region:
Segments Covered in this report are:
-
Equipment Type Outlook (Revenue, USD Billion; 2019–2032)
- Lawn Mowers
- Saws
- Trimmers & Edgers
- Blowers
- Snow Throwers
- Titters & Cultivators
- Others
-
Application Outlook (Revenue, USD Billion; 2019–2032)
- Residential/DIY
- Commercial
-
Power Source Outlook (Revenue, USD Billion; 2019–2032)
- Fuel Powered
- Electric Powered
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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