Global Outdoor Power Equipment Market Size, Growth, Industry Trends | Emergen Research #71
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Analysis of the Global Outdoor Power Equipment Market
The Outdoor Power Equipment Market research report offers a panoramic view of the Outdoor Power Equipment market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Outdoor Power Equipment market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals. The study offers a clear understanding of the current market scenario owing to the COVID-19 pandemic and offers a comprehensive analysis of the current and future impact of the pandemic on the overall market landscape. The economic landscape and the market environment have observed drastic changes due to the social restrictions and government-enforced lockdowns imposed to curb the spread of COVID-19.
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.
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The report projects the market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage with regard to company profiles, product portfolio, revenue generation, financial standing, and market position. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration.
Regional Analysis:
According to the regional analysis, the market is segmented into the key geographical regions, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further provides insight into the regions dominating the market and is expected to lead the market in the coming years. The report also discusses the growth rate and market size of each major region for the forecast period. It also covers production and consumption patterns, supply and demand dynamics, current and emerging trends, import/export, and the presence of key players in each region.
In-depth Regional Analysis Covers:
North America (U.S., Canada, Mexico)
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)
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Objectives of the Report:
Industrial structure analysis of the Outdoor Power Equipment market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Outdoor Power Equipment market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Outdoor Power Equipment Market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
The report offers a panoramic view of the competitive landscape of the industry and a detailed analysis of the key players of the market based on their revenue, profit margins, financial standing, global market position, R&D activities, and product portfolio. It also covers their strategic endeavors such as mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and product launches and brand promotions, among others.
The key players profiled 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.
Market Dynamics:
The report offers insightful information about the market dynamics of the Outdoor Power Equipment market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Outdoor Power Equipment market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Outdoor Power Equipment market.
Outdoor Power Equipment Market Segmentation:
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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Highlights of Table of Contents (TOC):
Overview of Global Outdoor Power Equipment Market
Competitive analysis of the Outdoor Power Equipment Market
Regional analysis of Global Outdoor Power Equipment Market production and revenue
Regional analysis of Global Outdoor Power Equipment Market supply, consumption, and export & import
Type-based market analysis of global Outdoor Power Equipment production, revenue, and price trends
Application-based analysis of the global Outdoor Power Equipment Market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Outdoor Power Equipment market
Conclusion of the research report
Appendix
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