Global Outdoor Power Equipment Market Overview:
This outdoor power equipment makes the yard much easier and less time-consuming. This market has the opportunity with many commercial and residential OPE manufacturers about transitioning from gas-powered equipment to electric. These products benefit in the residential sector by minimizing replacements costs, size benefits, and lower energy costs. Some of the key players profiled in the study are Husqvarna (Sweden), Deere & Company (United States), Honda Motor Co., Ltd. (Japan), Blount International, Inc. (United States), The Toro Company (United States), STIHL Holding AG & Co. KG (Germany), Stanley Black & Decker Inc. (United States), Makita Corporation (Japan), Emak S.p.A. (Italy) and Techtronic Industries Co. Ltd. (TTI) (Hong Kong).
On the basis of geography, the market of Outdoor Power Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Outdoor Power Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Sources, the sub-segment i.e. Electric will boost the Outdoor Power Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growth in Electric, Automatic and Connected Garden Care
- Increasing Preference for Battery-Operated Equipment
- High Government Initiatives towards Public Entities Such as Forest, Past, Watering Products, Powering, and Others
- Increasing Usage in Electrical Segment
- Addition In Product Ranges Such As Watering Management, Battery, Petrol Powered Products, Garden Related Smart System, And Others
- Increase Demand for Cordless Tool
- Emerging New Market Players in Terms Of Garden Care
- Huge Maintenance Cost and Lack of Availability of Outdoor Power Equipment at Lease
- Rapidly Expanding Urban Territories
- Emergence in Distribution Channels Including E-Commerce in Regions such as France, Southern Europe, the United Kingdom, and Others
- High Demand for Rechargeable Options and Battery Technology
- Safety Regulations and Strict Trade Policies
- Designing Ergonomic and Lightweight Outdoor Power Equipment
Major Market Developments:
In Apr 2019, Makita U.S.A. Announced The National Media Campaign To Promote Cordless Outdoor Power Equipment And Their Benefits, Such As Instant Starts, Lower Noise, Reduced Maintenance, And Zero Emissions.
The Global Outdoor Power Equipment Market Is Highly Competitive And Consists Of Some Key Players. In Terms Of Market Share, Few Of The Key Players Presently Dominate The Global Market. Key Vendors With A Prominent Share In The Global Market Are Concentrating On Escalating Their Client Base The World. These Market Players Are Leveraging On Strategic Collaborative Creativities To Intensification Their Market Share And Escalation Their Profitability. Key Vendors Operating In The Global Market Are Also Acquiring Start-Ups.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Outdoor Power Equipment Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Outdoor Power Equipment market on the basis of product [Lawn Mower, Chainsaws, Trimmers, Blowers and Other] , application [Commercial and Household], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Outdoor Power Equipment market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Outdoor Power Equipment industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are MTD Products (United States), MAT Holdings, Inc (United States) and McLane (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Outdoor Power Equipment market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.