Blog entry by Neha Ambore
Emergen Research’s latest market research report focuses on the global Outdoor Power Equipment market, and the report provides in-depth analysis of each of its major segments. Reports about the global Outdoor Power Equipment market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfolios. The report also highlights the most important factors influencing industry revenue growth, including drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, strict regulatory frameworks, and a multitude of micro-economic and macro-economic factors. Outdoor Power Equipment industry projections and qualitative and quantitative assessments have been provided by the report's authors.
The Outdoor Power Equipment Market is a thriving sector within the global machinery industry. It encompasses a wide range of equipment used for various outdoor tasks, such as gardening, landscaping, and maintenance of green spaces. This market includes products like lawn mowers, trimmers, chainsaws, blowers, and other power tools designed to enhance efficiency and productivity in outdoor tasks.
The global Outdoor Power Equipment (OPE) market size is expected to reach USD 28.10 Billion in 2022 in 2032 and register a steady revenue CAGR of 6.4% during the forecast period, according to latest analysis by Emergen Research. One of the key drivers of the Outdoor Power Equipment Market is the increasing demand for landscaping and gardening services. As homeowners and businesses prioritize the aesthetics and maintenance of their outdoor spaces, the need for efficient and reliable power equipment has grown. The desire for well-manicured lawns, gardens, and parks has fueled the demand for outdoor power equipment.
Furthermore, the trend towards urbanization has also contributed to market growth. As more people move to urban areas, the demand for outdoor power equipment increases. Urban dwellers often have smaller outdoor spaces but still require equipment to maintain their gardens and green areas. Compact and lightweight power tools are particularly popular in urban environments, where storage space is limited.
Moreover, the growing awareness of environmental sustainability has driven the demand for eco-friendly outdoor power equipment. Manufacturers are developing products that are more energy-efficient, emit fewer pollutants, and have reduced noise levels. This shift towards environmentally friendly equipment aligns with the increasing focus on sustainability and green practices.
However, the Outdoor Power Equipment Market also faces certain restraints. One of the primary challenges is the high cost associated with quality power equipment. Advanced features, durability, and reliability come at a price, making some equipment inaccessible to price-sensitive consumers. Additionally, the maintenance and repair costs of outdoor power equipment can also be a deterrent for some buyers.
Furthermore, the market is also influenced by seasonal demand patterns. In regions with distinct seasons, the demand for outdoor power equipment tends to be higher during the spring and summer months when gardening and landscaping activities are at their peak. This seasonality can create fluctuations in sales and production for manufacturers and retailers.
Government organizations provide valuable statistics related to the Outdoor Power Equipment Market. For instance, the U.S. Environmental Protection Agency (EPA) publishes data on emissions standards for outdoor power equipment. According to the EPA, emissions from small engines, such as those used in lawn mowers and trimmers, contribute to air pollution. The agency has implemented regulations to reduce emissions from outdoor power equipment, driving the development of cleaner and more efficient products.
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The SWOT analysis and Porter’s Five Forces Analysis are some of the most important components of this report that provide insight into the highly competitive environment of the industry. A detailed analysis of the global Outdoor Power Equipment market is presented in the report, including North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Aside from revenue growth drivers & restraints, production & consumption patterns, changing consumer preferences, and stringent regulatory standards, this report also examines other key aspects of regional markets.
Additional information offered by the report:
- Along with a complete overview of the global Outdoor Power Equipment market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Outdoor Power Equipment market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report also discusses the key players involved in the market such as
Briggs & Stratton, Deere & Company, Husqvarna Motorcycles, makita.in, Bosch Limited, Stanley Black & Decker, Inc, ANDREAS STIHL AG & Co, Techtronic Industries Co., Ltd., The Toro Company, and MTD Products Inc.
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Target Audience of the Global Outdoor Power Equipment Market Report:
- Key Market Players
- Investors
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Outdoor Power Equipment market expected to boost the growth of the industry in the coming years.
Outdoor Power Equipment Market Segmentation:
Equipment Type Outlook (Revenue, USD Billion; 2019–2032)
- Lawn Mowers
- Saws
- Trimmers & Edgers
- Blowers
- Snow Throwers
- Titters & Cultivators
- Others
Application Outlook (Revenue, USD Billion; 2019–2032)
- Residential/DIY
- Commercial
Power Source Outlook (Revenue, USD Billion; 2019–2032)
- Fuel Powered
- Electric Powered
Browse Detailed Research report @ https://www.emergenresearch.com/industry-report/outdoor-power-equipment-market
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
ToC of the Report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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