About Outdoor Power Industrial Power
The global outdoor power equipment market size was USD 46.53 billion in 2021 and is expected to reach USD 76.61 billion by 2030, expanding at a CAGR of 5.9% from 2022 to 2030. The market growth can be credited to increasing demand for cordless outdoor power equipment as people.
The power source segment has been segregated into gasoline, battery, and electric corded. The gasoline segment accounted for 56.8%.
The end-use segment has been segregated into the commercial and residential sectors. The residential segment accounted for more than 49.37%market share.
The equipment segment has been segregated into a lawn mower, chainsaw, trimmer & edger, blowers, tiller & cultivators, snow.
The North American market accounted for 34.91% share of the overall market in 2021. The regional market’s growth is attributed to North America’s larger geographical area compared to its population, which leads to more gardens and lawns in the.
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About Outdoor Power Industrial Power video introduction
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6 FAQs about [Outdoor Power Industrial Power]
What is outdoor power equipment?
Outdoor power equipment, such as lawn mowers and trimmers, is recognized for its precision engineering. These tools comprise various components, including motors, air filters, and fuel filters, which demand regular upkeep. Recalibration of outdoor power equipment is necessary at consistent intervals to ensure optimal functionality.
How big is the outdoor power equipment market?
Enjoy complimentary customisation on priority with our Enterprise License! The outdoor power equipment market size is forecast to increase by USD 11.51 billion at a CAGR of 6.44% between 2023 and 2028. The market is experiencing significant growth due to several key trends.
What drives the outdoor power equipment market?
The outdoor power equipment market is driven by the rapid growth of construction industry. With global surge in construction activities, outdoor power equipment like landscaping tools, compact utility loaders and portable generators are also increasingly demanded by people.
Is the outdoor power equipment market poised for continued growth?
Overall, the market is poised for continued growth as more consumers seek to enhance the beauty and functionality of their outdoor spaces. What will be the Size of the Outdoor Power Equipment Market During the Forecast Period? Request Free Sample
How do outdoor power equipment companies develop their products?
To know about the assumptions considered for the study, download the pdf brochure The outdoor power equipment companies have /implemented various types of organic and inorganic growth strategies, such as product launches, product developments, partnerships, and collaborations, to strengthen their offerings in the market. The major players are
Who makes outdoor power equipment?
Honda Motors Co. Ltd, Husqvarna AB, Makita Corp, Robert Bosch, Techtronic Industries Ltd., Yamabiko Corporation, and AL-KO Kober Group, are some of the major outdoor power equipment companies worldwide.