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Outdoor Power Equipment Market, Consumption, Production, Imports, Exports, Company Analysis, 2023-2032
Outdoor Power Equipment Global Market
The Business Research Company's Outdoor Power Equipment Global Market Report 2023 identifies growth in the construction industry as the major driver for the Outdoor Power Equipment market's growth in the forecast period. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structures. Outdoor power equipment is used in construction to clear the soil and chop the plants before work begins and for grounds maintenance.
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%.
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Major competitors in the Outdoor Power Equipment market are Briggs & Stratton, Deere & Company, Honda, Husqvarna, Makita, Yamabiko Corporation, STIHL Group, Techtronic Industries.
A key trend in the Outdoor Power Equipment market includes Technological advancements. Major companies operating in the outdoor power equipment sector are focused on developing new technological solutions to sustain their position in the market.
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The Outdoor Power Equipment market is segmented -
1) By Equipment Type: Trimmers and Edgers, Lawn Mowers, Blowers, Tillers nd Cultivators, Snow Throwers, Other Equipment Types
2) By Power Source: Fuel Powered, Electric Powered
3) By Application: Residential, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Outdoor Power Equipment market.
The Business Research Company's "Global Outdoor Power Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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
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