Sales For Global Outdoor Power Equipment Market Is Growing At A CAGR Of 3.9% From 2022 To 2032

Global Outdoor Power Equipment Industry Current and Future Outlook
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.

However, with the relaxations in the government regulations and an expedited vaccination drive in countries like China, the U.S., the UK, and India, the Outdoor Power Equipment Market industry is slowly picking up its pace. The manufacturers are preparing to reopen their production sites, abiding by the government regulations.

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Global Outdoor Power Equipment Market Report Scope

By Equipment :-

Outdoor Power Equipment for Lawn Care
Outdoor Power Equipment for Trimmer
Outdoor Power Equipment for Tree Care
Outdoor Power Equipment for Leaf blower
Outdoor Power Equipment for Snow Blower
Outdoor Power Equipment for Maintenance
Outdoor Power Equipment for HLE (Heavy Landscaping Equipment)

By Capability :-

Self-Propelled Mower
Riding Lawn Mower
Automatic Lawn Mower
Push Lawn Mower
Others

By Fuel Type :-

Diesel based Outdoor Power Equipment
Electric Outdoor Power Equipment
Battery Outdoor Power Equipment
By Price Range ($) :-

0-100 dollar Outdoor Power Equipment
100-400 dollar Outdoor Power Equipment
400 & Above

By Sales Channel :-

Outdoor Power Equipment sales through Retail
Outdoor Power Equipment sales through Distributor
Outdoor Power Equipment sales through Online

By End-Use :-

Outdoor Power Equipment for Residential use
Outdoor Power Equipment for Commercial use
Outdoor Power Equipment for Public Places

By Region :-

North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa (MEA)

Energy Consumption in the US is Leading to High Adoption of Outdoor Power Equipment Market Systems

The US accounts for the largest share in the construction industry. The pandemic has halted many construction-related activities, which in turn has impacted the growth of the Outdoor Power Equipment Market industry negatively.

However, the development in the Outdoor Power Equipment Market industry is rising at a steady pace with the resumption of the construction industry. The ever-growing energy consumption in the country is also generating demand for more energy-efficient Outdoor Power Equipment Market systems in the region.

Prominent players in the Outdoor Power Equipment Market industry such as Honeywell Int., and new entrants such as Apple and Google NEST are also focusing on residential construction projects to bring more innovation and comfort to the residents. Such new strategies are helping the Outdoor Power Equipment Market industry gradually recover from the blow of the pandemic.

Competitive Landscape

Market players are investing in R&D to increase their product line and geographic reach. Key players are keen to collaborate with new entrants to gain a competitive edge.

The seven to ten companies have about one-fourth of the total market share and are projected to expand operations in fast-evolving regions such as India, China etc. to lower the production costs and other costs.

Fact.MR has provided detailed information about price points of top manufacturers of outdoor power equipment market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

On 8th June 2021, Honda Motors Co. Ltd. has launched Honda eGX, an electrified power unit. The Honda eGX is the world's first battery-powered motor, engineered to be integrated into OEM power equipments for both indoor and outdoor use.
On 14th December 2021, Deere & Company have entered into an agreement to acquire majority of the shares of Kreisel Electric, Inc., a battery technology developer based in Austria.

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Technological Advancements are Leading Innovations in the Outdoor Power Equipment Market in China

China is gradually recovering from the adverse effect of the pandemic due to its successful efforts in curbing the spread of the virus within the region. With almost negligible restrictions, the construction, heavy machinery, and automotive industry have started resuming operations.

Rising expenditure in technology and increasing emphasis on environmental safety are propelling the demand in the Outdoor Power Equipment Market industry in China. The growing interest in billboard automation and industrial displays in allowing manufacturers to gradually attain their pre-pandemic status.

India is Experiencing High Adoption of Outdoor Power Equipment Market Systems

The Indian Outdoor Power Equipment Market industry witnessed a downfall due to the pandemic. In order to follow the safety guideline, many construction sites and manufacturing units were shut until further notice.

With the relaxation of these restrictions, the manufactures operating in the automation, engineering, and construction (AEC) industry managed to gather pace in recovery. However, the second wave of the pandemic hit the Outdoor Power Equipment Market industry negatively, affecting the overall growth of the industry.

Being a fast-growing economy, global leaders are finding lucrative opportunities in the country, both in commercial and residential spaces, as the demand for multi-modal building automation is surging.

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Key Long-Term Trends

The global Outdoor Power Equipment Market industry is showing notable recovery in 2021 and will continue to offer opportunities for expansion to the players operating in the market. With the penetration of building automation in residential areas, the Outdoor Power Equipment Market industry will show an upward trend. Some new trends that are boosting the growth in the market are:

Internet of Things (IoT)

The Internet of Things (IoT) and the Industrial Internet of Things (IIoT) are experiencing broader acceptance in the Outdoor Power Equipment Market industry. The innovative technology which makes everything 'inter-connected is gaining immense popularity in both residential and commercial projects, making them technologically advanced and effective in risk management.

Edge Computing

As the number of residents increases, the data also becomes vaster. Hence, edge computing will act as a key technology in the Outdoor Power Equipment Market industry. Edge computing enables data security, easy accessibility, and enhanced automation in commercial and residential buildings.


For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html

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