Chicago, Aug. 20, 2023 (GLOBE NEWSWIRE) — The Outdoor Power Equipment Market by Equipment Type (Lawn Mower, Chainsaw, Trimmer & Edger), Applications (Commercial, Residential/DIY), Functionality (Connected/Smart, Conventional), Power Source (Fuel, Electric) and Region – Global Growth Driver and Industry Forecast to 2026“, As opposed to North America, where there is an established garden care culture, the affinity for gardening activities in APAC is slowly increasing. However, due to increasing urbanization leading to increasing consumer disposable income, there is a growing demand for consumer durables such as outdoor power equipment. Government across countries in APAC are curating and investing in several infrastructural projects to cater to the growing population and promote sustainable landscaping and green infrastructure.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=206862770

Outdoor Power Equipment Market Report Scope

Report Metric	Details
Estimated Market Size	USD 26.4 billion in 2021
Projected Market Size	USD 35.8 billion by 2026
Growth Rate	6.3%.
Market Size Available for Years	2017–2026
Base Year	2020
Forecast Period	2021–2026

Key Market Players in Outdoor Power Equipment Market

• Deere & Co. (US),
• Husqvarna (Sweden),
• STIHL Group (Germany),
• Stanley Black & Decker (US),
• The Toro Company (US).

“Browse in-depth TOC on “Outdoor Power Equipment Market, Market trends, Market Report, Market Value, Market Forecast, Market Growth “­­­­­­­­

238 – Tables
68 – Figures

307 – Pages

Outdoor Power Equipment Market Dynamics

DRIVERS: Growing demand for landscaping services and increasing interest of homeowners in gardening activities

The market is mainly driven by the growing demand by homeowners for landscaping services to make their homes aesthetically pleasing, as well as by commercial users to boost the appeal of their properties.

In the landscaping industry, a wide range of outdoor power equipment, such as lawn mowers, hedge trimmers, blowers, and saws, are used in diverse landscaping activities that include lawn maintenance, hardscaping, tree care, lawn renovation, organic or natural lawn care, and snow removal.

Get 10% Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=206862770

RESTRAINT: High maintenance cost and availability of outdoor power equipment on lease

Outdoor power equipment, such as lawn mowers and trimmers, are precision instruments. Lots of parts such as motors, air filters, and fuel filters of these outdoor power equipment require regular maintenance.

For precise operations, outdoor power equipment are required to be recalibrated after regular intervals. Regular maintenance includes oiling, sharpening, and replacing parts, and other repairs required for the proper working of tools. Thus, the cost of maintenance of outdoor power equipment is relatively high.

OPPORTUNITIES: Development of smart and connected outdoor power equipment

With the growing adoption of IoT devices and the increasing popularity of smart and connected products, manufacturers focus on offering connected equipment. Advancements in technologies and adoption of wireless connectivity practices lead to the innovation of smart and connected tools.

Leading outdoor power equipment manufacturers are focusing more on the production of smart and connected outdoor power equipment. For instance, John Deere started offering JDLink to customers at zero additional cost, which is a digital platform that collects real-time equipment data and transmits it to John Deere service centers.

CHALLENGES: Safety regulations and strict trade policies

Outdoor power equipment safety and regulatory compliance are critical issues for manufacturers as these tools are supplied worldwide. Domestic and international distribution channels and end users demand safety, reliability, and rigorous compliance with the existing and emerging safety standards.

Hence, it is important for tool manufacturers to comply with these safety regulations. In addition to mandatory regulations, manufacturers also must address important concerns of retailers and consumers regarding quality and environmental sustainability.

Related Reports:

Power Tools Market Size, Share & Industry Growth Analysis Report by Product (Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools, Routing Tools), Mode of Operation (Electric, Pneumatic), Application and Region – Global Growth Driver and Industry Forecast to 2027

https://www.marketsandmarkets.com/Market-Reports/power-tools-market-50744034.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]