The global outdoor power equipment market size is expected to reach $28.96 billion by 2027 according to a new study by Polaris Market Research, New York. The report “Outdoor Power Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment [Mowers (Riding, Non-riding), Trimmers & Edgers, Blowers (Backpack, Handheld), Tillers & Cultivators, Snow Throwers, Others]; By Power Source (Fuel Powered, Electric Powered); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for outdoor power equipment is expected to witness growth in North America and Europe. The purchase decision in the market is influenced by technology, ease of use and cost of equipment for both residential and commercial customers. The normal equipment is costly for the common person and it is often found that the product is leased for special outdoor events.
Increasing demand for electric-powered garden equipment is expected to drive the demand for the outdoor power equipment market over the forecast period. The increasing consumers’ need for beautifying their gardens, the demand for equipment such as a chainsaw, lawnmowers, trimmers and blowers among others is expected to witness high demand. As a result, the outdoor power equipment market is expected to witness substantial growth.
Market participants such as Briggs & Stratton Corp., Ariens Company, Stanley Black & Decker Inc., Al-Ko Kober Group, Husqvarna AB, Schiller Ground Care, Yamabiko Corp, Techtronic Industries Company Ltd, Emak S.p.A., Honda Motor Company Ltd., Excel Industries Inc., Chervon (China) Trading Co. Ltd., Andreas Stihl AG & Company KG, MTD Holdings Inc., and Makita Corp. are some of the key players operating in the global market. They are implementing new initiatives to stay competitive.
Polaris Market Research has segmented the outdoor power equipment market report on the basis of equipment, power source and region.