Press release
Outdoor Power Equipment Global Market By Power Source, By Type, By Application, By Functionality, By Sales Channel, By Equipment And Regional Forecast 2023-2032 | Honda, Husqvarna, Makita, Yamabiko Corporation, STIHL Group
As per the outdoor power equipment market report by The Business Research Company, 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, remodeling, improving, or demolishing any structures.
The global outdoor power equipment market size grew from $27.33 billion in 2022 to $28.34 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The outdoor power equipment market size is expected to grow to $32.45 billion in 2027 at a CAGR of 3.4%.
Read More On The Outdoor Power Equipment Market Report Here:
https://www.thebusinessresearchcompany.com/report/outdoor-power-equipment-global-market-report
Major competitors in the outdoor power equipment market include 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.
The outdoor power equipment market is segmented -
• By Equipment Type: Trimmers and Edgers, Lawn Mowers, Blowers, Tillers nd Cultivators, Snow Throwers, Other Equipment Types
• By Power Source: Fuel Powered, Electric Powered
• By Application: Residential, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. North America was the largest region in the outdoor power equipment market.
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Outdoor power equipment is machinery powered by an engine or electric motor and used for non-agricultural landscaping or land cultivation. These include devices, such as a saw, shovel, or drill, used to perform or facilitate manual or mechanical work. It is used outside for cutting lawns, gardens, golf courses, landscaping, or ground maintenance.
The Table of Content for The Outdoor Power Equipment Market Include:
1. Executive Summary
2. Outdoor Power Equipment Market Characteristics
3. Outdoor Power Equipment Market Trends And Strategies
4. Outdoor Power Equipment Market - Macro Economic Scenario
5. Outdoor Power Equipment Market Size And Growth
.....
26. Africa Outdoor Power Equipment Market
27. Outdoor Power Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Outdoor Power Equipment Market
29. Outdoor Power Equipment Market Future Outlook and Potential Analysis
30. Appendix
The "Global Outdoor Power Equipment Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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