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The global outdoor power equipment market is expected to grow | Leaf Probably

PUNE, India, Jan. 11, 2022 (GLOBE NEWSWIRE) — The outdoor power equipment market was valued at US$23,347 million in 2021 and is expected to grow at a CAGR of 3.50 during the forecast period, according to a recent study % grow market study of Insights into the quince market. Outdoor power equipment means equipment that uses small motors or the motors.

The growing demand for landscaping services by homeowners to make their homes aesthetically beautiful and pleasing, as well as by commercial users to enhance the appearance of their properties are some important factors driving the demand for the outdoor power equipment market.

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In the landscaping industry, a variety of outdoor power tools such as hedge trimmers, blowers, saws, and lawn mowers are used in various landscaping activities, including organic or natural lawn care, hardscaping, tree care, lawn restoration, snow removal, and lawn maintenance.

With homeowners increasingly interested in spending time doing indoor and outdoor gardening activities, there is a growing demand for outdoor power equipment. Outdoor power equipment is also used for golf course maintenance and design. Over the next few years, the outdoor power equipment market is expected to grow with an increasing number of new golf courses/clubs and an increasing number of players.

Grass trimmers are among the most important tools. Most parts such as fuel filters, engines and air filters require regular maintenance, which is expensive. Regular maintenance, which includes oiling, parts replacement and sharpening, and some other repairs necessary for the proper functioning of the instrument. Therefore, the cost of maintaining outdoor power systems is considerably high.

Effects of the COVID-19 pandemic

The QMI team is closely monitoring the impact of COVID-19 on the outdoor power equipment market, and it was observed that the outbreak of COVID-19 had forced many companies to halt most of their operations and close their manufacturing facilities in the early stages close from 2 to 3 months. During the pandemic, companies’ primary goal was to boost their businesses by finding safe ways to continue manufacturing operations or finding other sustainable ways to keep the revenue streams flowing.

After the pandemic, both the commercial and consumer application segments made a strong comeback and started to recover at a faster pace. As a result of this increasing demand, the outdoor power equipment market is growing slowly and steadily.

By device type

On the basis of equipment type, the outdoor power equipment market is segmented into lawn mowers, riding lawn mowers, driverless movers, chain saws, trimmers and edgers, blowers, snow blowers, tillers and cultivators, and others. The lawnmower segment is considered to be the fastest growing segment as the growing demand for lawnmowers is attributed to the increasing affinity of private users for gardening and lawn care activities as well as the increasing demand for landscape maintenance.

through application

Based on application, the outdoor power equipment market is segmented into residential/DIY and commercial. Among these, the household/DIY application segment is estimated to account for the fastest growing segment of the outdoor power equipment market. Due to private households, end users can be do-it-yourself (DIY) and homeowners. There is already a thriving and well-established culture of gardening and lawn care in Europe and North America, and it continues to grow in other regions as well.

By power source

On the basis of power source, the outdoor power equipment market is segmented into fuel-powered and electric-powered. The fuel-powered segment is estimated to be the fastest growing segment in the outdoor power equipment market. Fuel powered equipment can run on diesel or petrol, gas and provide better torque and power, which is why they are increasingly being used by professional lumberjacks and arborists for logging activities and deforestation.

By functionality

On the basis of functionality, the outdoor power equipment market is segmented into connected/smart and conventional. The connected/smart segment is the fastest appreciated for the outdoor power equipment market. With the increasing adoption of IoT devices and the increasing popularity of smart and connected products, manufacturers are focusing on offering connected devices.

Additionally, advances in technology and the advent of wireless connectivity practices have led to the innovation of smart and connected tools. Leading and emerging outdoor power equipment manufacturers are more focused on producing intelligent and connected outdoor power equipment.

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By region

On the basis of region, the Outdoor Power Equipment market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is projected to hold the fastest growing segment over the forecast period. Due to an increase in investment in infrastructure and housing markets, it is expected to lead to an increase in the construction sector in the APAC region.

Key developments in the Outdoor Power Equipment market

  • September 2021, STIHL (Germany) introduced the MSA 300 cordless chainsaw, which delivers higher energy content at a lower weight. This is supplied with the STIHL AP 500 S battery pack and is designed for professional use such as landscaping, gardening and forestry.
  • In July 2021, Honda India Power Products (Japan), formerly Honda Siel Power Products Ltd., introduced the new FQ650 compact tiller. The product features an overhead valve and 4-stroke engine to achieve improved fuel efficiency and higher power. Lightweight and durable, the machine is launched with the aim of improving agricultural mechanization at an affordable price.

Profiles of major market players operating in the global Outdoor Power Equipment Market including Husqvarna (Sweden), Deere & Company (USA), Honda Motor Co., Ltd. (Japan), Blount International, Inc. (USA), The Toro Company (USA), STIHL Holding AG & Co. KG (Germany), Stanley Black & Decker Inc. (USA), Makita Corporation (Japan), MTD Products ( USA), Emak SpA (Italy) and Techtronic Industries Co. Ltd (TTI) (Hong Kong).

Browse key industry insights from the report, Outdoor Power Equipment MarketBy Equipment Type (Lawn Mowers, Riding Lawn Mowers, Riding Mowers, Chainsaws, Trimmers & Edgers, Blowers, Snowblowers, Tillers & Cultivators, and Others), By Application (Residential/DIY, Commercial) By Power Source (Fuel-Fueled, Electric-Fueled), by functionality (connected/smart, conventional) and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)” in-depth analysis along with the Table of Contents (ToC).

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Contact us:
Ajay D
Insights into the quince market
Pune India
Telephone: United States +1 208 405 2835
UK +44 1444 39 0986
APAC +91 706 672 4848

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