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Outdoor Power Equipment Market to 2027 – Global Analysis and Forecasts by Equipment Type (Lawn Mowers, Blowers, Tillers & Cultivators, Chainsaws, Trimmers, Hedge Trimmers, Sprayers, Mist Dusters, and Others); Power Source (Electric-Powered and Fuel-Powered); Application (Commercial and Residential) and Geography
The outdoor power equipment market was valued at US$ 25.55 Bn in 2019 and is expected to grow at a CAGR of 3.8% from 2020 to 2027 to reach US$ 34.11 Bn by 2027.
The “Global Outdoor Power Equipment Market Analysis To 2027” is a specialized and in-depth study of the Outdoor Power Equipment industry with a special focus on the global market trend analysis. The report aims to provide an overview Outdoor Power Equipment market with detailed market segmentation by material type, end-user, and geography. The global Outdoor Power Equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Outdoor Power Equipment market players and offers key trends and opportunities in the Outdoor Power Equipment market.
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The outdoor power equipment market has witnessed eminent growth in the last couple of years globally. The outdoor power equipment market is going through a gradual shift from manual equipment to technically advanced and automated equipment. Robotic lawn mower is one such example. The demand for alternative power sources, connected interfaces, and technology integration in outdoor power equipment is growing at an impressive pace globally. Hence, companies are taking interest in the development of fully and semi-autonomous landscaping and lawn equipment for both residential and commercial customers. Rising urbanization, infrastructure activities, and disposable incomes coupled with increasing investments from companies are among the factors that are projected to boost the demand for robotic lawn mowers and other advanced outdoor power equipment during the forecast period.
The outdoor power equipment market, by equipment type, is segmented into lawn mowers, blowers, tillers and cultivators, chainsaws, trimmers, hedge trimmers, sprayers, mist dusters, and others. The lawn mowers segment captured a dominating share in the global outdoor power equipment market. For both commercial and residential purposes, several types of lawn mowers, including riding mowers, push mowers, and self-propelled mowers, are available with different fuel types and accessories. The petrol and electric non-collecting hover mowers are appropriate for slopes, rough areas, or commercial spaces.
ANDREAS STIHL AG & Co. KG, Ariens Company, Deere & Company, Honda Motor Co., Ltd., Husqvarna AB, MTD Products Inc., STIGA S.p.A., Techtronic Industries Co. Ltd., The Toro Company, and YAMABIKO Corporation
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Impact of COVID-19 Pandemic on Outdoor Power Equipment Market
The COVID-19 (Coronavirus) outbreak started in December 2019 in China and this outbreak is starting to raise concerns across various industries. The lockdowns, travel bans, and business shutdowns in various countries such as China, the US, India, and Italy among others are impacting the supply chains and delivery schedule of various markets. North America and Europe are two of the major markets for outdoor power equipment manufacturers and lock down in these regions is anticipated to affect the sales of outdoor power equipment providers in the next 3 to 6 months. However, the effect of COVID-19 outbreak is expected to affect the market growth in short term only and the overall market growth is anticipated to be steady over the forecast period of 2020 to 2027.
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.
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