DUBLIN--(BUSINESS WIRE )--The "Powered Outdoor Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Powered Outdoor Equipment estimated at 108 Million Units in the year 2020, is projected to reach a revised size of 136.6 Million Units by 2026, growing at a CAGR of 4.1% over the analysis period.
Gas-Fired Outdoor Grills, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach 36.7 Million Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Walk Behind Power Mowers segment is readjusted to a revised 4.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at 44 Million Units in 2021, While China is Forecast to Reach 14.6 Million Units by 2026
The Powered Outdoor Equipment market in the U.S. is estimated at 44 Million Units in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 14.6 Million Units by the year 2026 trailing a CAGR of 5.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.6% respectively over the 2020-2027 period.
Within Europe, Germany is forecast to grow at approximately 3.3% CAGR. . Growing importance of gardening as a recreational activity or hobby, zeal to develop gardens in homes, as well as the desire to enhance aesthetics through beautiful and properly maintained lawns and gardens continue to support the purchase of new outdoor appliances. In addition, the convenience of utilizing backyard gardens as the perfect option for hosting barbeque parties, camping and a relaxation center is fueling interest in garden maintenance and upgrade.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900