Outdoor Power Equipment Market Worth over USD 36.36 Billion by 2030, May Touch 5.8% CAGR Globally: Polaris Market Research

According to the research report, the global Outdoor Power Equipment Market size & share was valued at USD 22.74 Billion in 2021 and is expected to reach USD 36.36 Billion By 2030, and will grow at a CAGR of 5.8% during the forecast period.

Outdoor power equipment envelopes the manufacture, development, and product marketing for applications in gardening and forestry and small agricultural machines like lawnmowers, brush cutters, chainsaws, garden tractors, rotary cultivators, and rotary tillers. Outdoor power equipment has observed noteworthy development in the past few years worldwide. There is a gradual shift in outdoor power equipment from manual to technically advanced robotic equipment. The demand for connected interfaces, power sources, and technology integration in external power equipment is developing exponentially. Therefore companies are interested in advancing semi and fully autonomous landscaping and lawn equipment for both commercial and residential customers.

Whether a homeowner or a professional, safety is a top priority. Some areas to concentrate on working outdoors with the machine involve proper operation, protective gear, and tools maintenance. PPE cannot be neglected as it is essential to have appropriate personal protective equipment. Loose clothing should be avoided as they can get caught in the active part. There has to be a concentration on boots in consideration of whether they offer good traction. When working with chainsaws, chaps are essential as they assist in prohibiting grave wounds if the chains come across in proximity to lower limbs. There will be a good grip on the equipment ensured by gloves. Headgear and safety glasses for the eyes are also necessary. Also, to block out the loud noise of the machine, there should be hearing protection for ears and falling debris, a hard hat, and a face shield.

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Key Highlights of The Report

• Save and lessen time executing research that is entry-level by recognizing the growth, leading players, size, and segments in the global outdoor power equipment market.
• Underscores important business priorities so that the companies can be assisted in reorienting business strategies
• The significant discoveries and suggestions underscore important continuing industry trends in the market, permitting players across the value chain to advance long-term strategies that are effective.
• Advance and alter plans of business expansion utilizing considerable growth providing emerging and developed markets

Top Global Industry Players Are:

• AL-KO KOBER GROUP
• Andreas Stihl AG & Company KG
• Ariens Company
• Briggs & Stratton
• CHEVRON (China) Trading Co. Ltd.
• Deere & Company
• Emak S.p.A.
• Excel Industries Inc.
• HONDA
• Husqvarna
• Makita Corp
• MTD Holdings Inc.
• Robert Bosch
• Schiller Ground Care
• Stanley Black & Decker
• STIHL Group
• Techtronic Industries
• The Toro Company (US)
• Yamabiko Corp

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Important Questions Being Answered by The Market Report

• What is the global outdoor power equipment market size and growth?
• Does this report include the influence of covid-19 on the global outdoor power equipment market?
• What are the driving factors of the global outdoor power equipment market?
• Which are the crucial players functioning in the market?
• Which country will guide the market in the future?

Outdoor Power Equipment Market: Growth Leading Factors

Due to the technological advancements anticipated, the global outdoor power equipment is expected to rise significantly. Presently, robotic outdoor power equipment and electric land mowers are becoming popular. While robotic mowers are still in early stages, the electric mowers assure substantial savings in the costs of electricity and offer the much-required torque for activities of landscaping for restricted areas. The growing demand for real estate that is high quality, growing attention on aesthetics, and demand for outdoor power equipment are anticipated to drive significant growth.

Worldwide, the outdoor equipment market is encountering enormous growth about uninterrupted developments of infrastructure being executed. Further, the growing investments in the infrastructure and construction industry are pushing the demand for this equipment in the commercial sector. The increasing concentration in justifiable environmental growth, growing construction industry, and growth in the quantities of electrically powered equipment are among the vital driving influencers for the development of the global outdoor power equipment market.

With the outbreak of covid-19, the world is observing health and economic pandemic. The global epidemic of covid-19 has pushed many businesses to clamp down their manufacturing plants and cease most of the operations in the course of the initial period of 2-3 months. During the crisis, the companies’ main aim is to encourage their businesses by finding safer ways to resume manufacturing functionalities so that the revenue stream keeps flowing. But during this period, the commercial and residential segments both encountered a growth in demand because of the increasing popularity of do-it-yourself (DIY) projects and landscaping services. However, a decline of the coronavirus has made commercial and residential application segments make a strong comeback and ensure steady growth of the outdoor power equipment market.

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Global Outdoor Power Equipment Market: Report Scope

Outdoor Power Equipment Market: Key Segmentation

• Insight By Equipment, Power Source, Application, Functionality, And Region

By equipment, the land mower captured a significant share in the market. For residential and commercial purposes, many kinds of lawnmowers, including push, riding, and self-propelled mowers, are obtainable with several fuel types and accessories. By power source, the fuel-powered segment represented a dominating share in the market. These mowers have easy maintenance, and push start buttons are available on some models. By application, the residential segment is gaining momentum. The growing tendency of homeowners to redecorate their houses utilizing spaces that are exterior is restoring the adoption of outdoor power equipment in the residential sector. By functionality, the connected segment is anticipated to account for the largest outdoor power equipment market share. With the increasing adoption of IoT devices and the growing acceptance of smart and connected products, manufacturers provide related equipment.

By region, North America is emerging as a region with the most prominent outdoor power equipment market size. The culture of America represents lawn and garden care which is additionally increasing as an outcome of growing sympathy for people towards activities of gardening and growing number of private lawns. Further, there is a growing need for do-it-yourself methods in the region, pushing homeowners to assume many reclamations and adorning projects. Additionally, the prevalence of turf sports like Golf is observing massive year-on-year growth. Growing demand for landscaping services by commercial and residential formation is another prominent factor pushing the demand for outdoor power equipment.

Browse the full “Outdoor Power Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment [Mowers, Saws, Trimmers & Edgers, Blowers, Tillers & Cultivators, Others]; By Power Source; By Application; By Functionality; By Region; Segment Forecast, 2022 – 2030” Report at https://www.polarismarketresearch.com/industry-analysis/outdoor-power-equipment-market

The market primarily depends on the equipment, power source, application, functionality, and region

Outdoor Power Equipment Market: By Equipment

• Mowers
• Saws
• Trimmers & Edgers
• Blowers
• Backpack Blowers
• Handheld Blowers
• Tillers & Cultivators
• Others

Outdoor Power Equipment Market: By Power Source

• Fuel
• Electric

Outdoor Power Equipment Market: By Application

• Commercial
• Residential

Outdoor Power Equipment Market:  By Functionality

• Conventional Products
• Connection/AI-Enabled Products

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