The outdoor power equipment consists of all devices used outside the house for gardening activities such as chainsaws and lawnmowers. The growing penetration of do-it-yourself gardening culture and increasing gardening activities are likely to positively influence the demand for outdoor power equipment during the forecast period. Besides, the Asia Pacific region is experiencing a boom in the construction industry, with the rapid growth of commercial and residential buildings. This factor is further promoting the demand for outdoor power equipment in this area.
The outdoor power equipment market is anticipated to grow in the forecast period owing to driving factors such as increasing inclination of homeowners in gardening activities, coupled with high demand for landscaping services. Moreover, the increasing popularity of battery-powered equipment is likely to fuel market growth. However, availability at the lease and equipment cost may hamper the growth of the outdoor power equipment market during the forecast period. Nevertheless, smart and connected power equipment is expected to showcase significant growth opportunities for the key players of the outdoor power equipment market in the coming years.
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The global outdoor power equipment market is segmented on the basis of equipment type, power source, and application. Based on equipment type, the market is segmented as lawnmowers, blowers, tillers and cultivators, saws, and others. On the basis of the power source, the market is segmented as electric-powered and fuel-powered. The market on the basis of the application is classified as commercial and residential.
The report also includes the profiles of key outdoor power equipment companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Deere & Company
- Honda Motor Co Ltd
- Husqvarna AB
- MTD Products Inc.
- Stanley Black & Decker, Inc.
- STIHL Inc.
- Techtronic Industries Co. Ltd.
- Toro Co
- Yamabiko Corporation
The report analyzes factors affecting outdoor power equipment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the outdoor power equipment market in these regions.
Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
- Imbibe the advancements and progress in the market during the forecast period.
- Understand where the market opportunities lies.
- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
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