Outdoor Power Equipment Market 2022 Industry Size, Demands, Trends and Developments – Deere & Company, Honda Motor, Blount International, Stanley Black & Decker, Techtronic Industries

The Outdoor Power Equipment market latest Brief 2022 is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period till 2030. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position.

Outdoor Power Equipment Market Overview

The increase in disposable income levels of consumers and the revival of the housing sector in developed economies are expected to fuel the construction sector. The need for powered equipment in construction coupled with policies by China and India to enhance their infrastructure is likely to bode well for the outdoor power equipment market.

Infrastructural projects in developing economies such as India, China, Brazil, Thailand, Qatar, and Indonesia offer scope for outdoor power equipment. The extensive construction activity in these nations owing to their need to be recognized as smart cities and to attract tourists are factors likely to elicit the market demand. A perfect instance includes the 2022 Football World Cup hosted by Qatar which can expedite the construction of hotels, resorts, parks, and other commercial construction. Furthermore, the promotion of various sports in China and India has kickstarted the construction of stadiums. However, the availability of artificial grass and unpredictable prices of raw materials may impede the market growth trajectory over the forecast period.

Outdoor Power Equipment market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.

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Globally Major key Players accelerates the Outdoor Power Equipment Market are, Husqvarna (Sweden), Deere & Company (U.S.), Honda Motor Co., Ltd. (Japan), Blount International, Inc. (U.S.), The Toro Company (U.S.), STIHL Holding AG & Co. KG (Germany), Stanley Black & Decker Inc. (U.S.), Makita Corporation (Japan), MTD Products (U.S.), Emak S.p.A. (Italy), and Techtronic Industries Co. Ltd. (TTI) (Hong Kong).

Most important Segments of Outdoor Power Equipment market covered in this report are,

The global outdoor power equipment market can be segmented by product, power source, and application.

Major products in the market include cordless and rope power tools. The cordless tool segment is expected to witness heavy demand during the forecast period owing to the easy maintenance of lithium ion-powered tools. It can experience a robust CAGR of 5.41% over the assessment period owing to its portability and limited space it requires for storage. The rope power tools segment is projected a 4.91% CAGR over the aforementioned period owing to its low cost as compared to its counterpart.

By power source, the market is segmented into electric, battery, and others. The electric segment is expected to dominate among its counterparts during the forecast period thanks to the need for noise-friendly equipment. It had captured nearly 47.76% share of the outdoor power equipment in 2017. It can expand at a 5.45% CAGR over the forecast period due to being energy-efficient. The battery segment can progress at a 5.15% CAGR during the same period. ‘Others’ include gasoline-powered equipment.

Key applications in the outdoor power equipment market comprise commercial and household. The household application is touted to dominate the market till the end of the forecast period. Need for landscaping services to enhance the aesthetic appeal of properties is the primary factor driving segment growth. On the other hand, the commercial segment is expected to expand at a 5.04% CAGR over the forecast period.

Outdoor Power Equipment Industry Influence of the global market report:

• Comprehensive assessment of all opportunities and risks in the Outdoor Power Equipment Market.
• Outdoor Power Equipment Market recent innovations and major events.
• A detailed study of business strategies for the growth of the Outdoor Power Equipment Market market-leading players.
• Conclusive study about the growth plot of Outdoor Power Equipment Market for forthcoming years.
• In-depth understanding of Outdoor Power Equipment Market, market-particular drivers, constraints, and major micro markets.
• Favorable impression inside vital technological and market latest trends striking the Outdoor Power Equipment Market.

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The global Outdoor Power Equipment market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.

Regional Analysis

The outdoor power equipment market covers North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

The North America region is expected to dominate in the forthcoming years owing to the inclination of do-it-yourself (DIY) projects and increasing interest of gardening among home owners. The lightweight nature of these tools is anticipated to propel the market to exhibit a 5.67% CAGR during the forecast period.

The European region is dependent on economies such as France and Germany which is experiencing construction of residential properties. It can register 4.93% CAGR during the forecast period owing to privately funded projects in education and healthcare sectors.

The APAC region is expected to enjoy a 5.36% CAGR over the forecast period, led by China, Southeast Asia, and Japan. The construction of sustainable buildings to reduce pollution levels in China is a prime opportunity for the market to capitalize on.

LIST OF TABLES

TABLE 1 MARKET SYNOPSIS 20

TABLE 2 LIST OF ASSUMPTIONS 23

TABLE 3 ANNUAL VALUE OF PRIVATE CONSTRUCTION IN U.S., 2010-2020 (USD MILLION) 32

TABLE 4 PROPORTION OF MANUFACTURING COST STRUCTURE 39

TABLE 5 LABOR COST ANALYSIS 39

TABLE 6 NORTH AMERICA: IMPORT ANALYSIS OF LAWN MOWER, 2020-2027 (USD THOUSAND) 40

TABLE 7 EUROPE: IMPORT ANALYSIS OF LAWN MOWER, 2020-2027 (USD THOUSAND) 40

TABLE 8 ASIA PACIFIC: IMPORT ANALYSIS OF LAWN MOWER, 2020-2027 (USD THOUSAND) 41

TABLE 9 REST OF THE WORLD: IMPORT ANALYSIS OF LAWN MOWER, 2020-2027 (USD THOUSAND) 41

TABLE 10 NORTH AMERICA: EXPORT ANALYSIS OF LAWN MOWER, 2020-2027 (USD THOUSAND) 41

TABLE 11 EUROPE: EXPORT ANALYSIS OF LAWN MOWER, 2020-2027 (USD THOUSAND) 42

TABLE 12 ASIA PACIFIC: EXPORT ANALYSIS OF LAWN MOWER, 2020-2027 (USD THOUSAND) 42

TABLE 13 REST OF THE WORLD: EXPORT ANALYSIS OF LAWN MOWER, 2020-2027 (USD THOUSAND) 42

TABLE 14 NORTH AMERICA: IMPORT ANALYSIS OF SNOWPLOUGHS AND SNOWBLOWERS, 2020-2027 (USD THOUSAND) 43

TABLE 15 EUROPE: IMPORT ANALYSIS OF SNOWPLOUGHS AND SNOWBLOWERS, 2020-2027 (USD THOUSAND) 43

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