Outdoor Power Equipment - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Outdoor Power Equipment Market is accounted for $20.34 billion in 2017 and is expected to reach $30.75 billion by 2026 growing at a CAGR of 4.7% during the forecast period. Increasing demand for landscaping services, growing use of power tools for construction purposes and rising in the battery-powered equipment are some of the factors fuelling the market growth. However, the availability of artificial grass and unpredictable prices of raw materials restrict market growth.
Outdoor Power Equipment is a modular electrical instrument enclosure as a self-contained unit. The enclosure is manufactured in the factory. The most mutual designs employ a self-framing interlocking wall and roof panels involved in a structural steel base. The Outdoor Power Equipment includes High-voltage gas-insulated switchgear (GIS), Low- and medium-voltage switchgear.
Based on equipment type, Chainsaws has considerable growth during the forecast period. Chainsaws are used mainly in various wood cutting applications such as bucking, pruning, cutting, and felling trees. Chainsaws are used by both commercial and non-commercial end users. By Geography, The Asia Pacific is expected to grow at a significant market share during the forecast period. Growing investments in residential and infrastructure markets are expected to boost the construction industry, which would, in turn, drive the use of outdoor power equipment in APAC.
Some of the key players profiled in the Outdoor Power Equipment market include Yamabiko Corporation, The Toro Company, Techtronic Industries (TTI), Stihl Group, Stanley Black & Decker, MTD Products, Makita Corporation, Husqvarna, Honda, Emak S.P.A., Deere & Company, Blount International, Inc. and Ariens Company.
Equipment Types Covered:
• Tillers and Cultivators
• Snow Throwers
• Riding Mowers
• Riding Garden Tractors
• Outdoor Grills
• Leaf Blowers
• Hedge Trimmer & edger
• Chain Saw
• Bug Killers
• Brush Cutters
• Cordless tools
Power Sources Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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