The global outdoor power equipment market size is expected to grow from $25.86 billion in 2021 to $27.54 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The global outdoor power equipment market size is expected to grow to $31.98 billion in 2026 at a CAGR of 3.8%.
What is the Global Outdoor Power Equipment Market?
The outdoor power equipment market consists of sales of the outdoor power equipment by entities (organizations, sole traders, and partnerships) that are principally used outside for cutting lawns, gardens, golf courses, landscaping, or ground maintenance. Outdoor power equipment refers to machinery that is powered by an engine or electric motor and is used for non-agricultural landscaping or land cultivation. These include devices, such as a saw, shovel, or drill which are used to perform or facilitate manual or mechanical work.
Get a Sample of the global outdoor power equipment market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=6121&&type=smp
What drives the Global Outdoor Power Equipment Market?
The growth in the construction industry is expected to propel the growth of the outdoor power equipment market going forward. Construction is the process of building, altering, repairing, remodelling, improving, or demolishing any structures. Outdoor power equipment is used in construction to clear the soil and chop the plants before work begins, as well as for grounds maintenance. For instance, according to the FMI Corporation, a US-based management consulting company, in comparison to 2021, engineering and construction investment will increase by 5% in 2022. Therefore, growth in the construction industry is driving the growth of the outdoor power equipment market.
Get the full global outdoor power equipment industry report here
https://www.thebusinessresearchcompany.com/report/outdoor-power-equipment-global-market-report
Global Outdoor Power Equipment Market Segments
The global outdoor power equipment market is segmented:
By Equipment Type: Trimmers and Edgers, Lawn Mowers, Blowers, Tillers and Cultivators, Snow Throwers, Others
By Power Source: Fuel Powered, Electric Powered
By Application: Residential, Commercial
By Geography: The regions covered in the outdoor power equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Outdoor Power Equipment Global Market Report 2022provides market size and growth forecasts for the global outdoor power equipment market, global outdoor power equipment market share, outdoor power equipment market segments and geographies, outdoor power equipment market competitive landscape including leading competitors’ revenues, profiles and market shares. The outdoor power equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Outdoor Power Equipment Industry Playersinclude Briggs & Stratton, Deere & Company, Honda, Husqvarna, Makita, Yamabiko Corporation, STIHL Group, Techtronic Industries, The Toro Company, Andreas Stihl AG & Co.KG, Ariens Company, Makita, Oregon, Snow Joe, Craftsman, Worx, AL-Ko Kober Group, Excel Industries Inc, Chevron Trading Co Ltd, and Stiga S.p.A. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
