Increasing demand for landscaping and gardening services, as well as growing expenditure of homeowners and business owners on property aesthetics primarily fuels the global outdoor power equipment market. With more consumers readily spending on activities like lawn renovation and upkeep, tree and lawn care, hardscaping, and snow removal, demand for outdoor power equipment also remains on an uptrend. A new upcoming study of Fairfield Market Research would offer a detailed growth analysis and forecast of the market, studied for the next few years. However, exorbitant routine calibration, and maintenance costs associated with most of the outdoor power equipment continue to challenge the growth of outdoor power equipment market in long run. In addition, the most commonly sought-after equipment like hedge trimmers, and lawn mowers are widely available on lease, which restrict new equipment sales.
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The report however also highlights the fact that the expanses on maintaining landscapes, private gardens and lawns, grounds, and golf courses have been consistently climbing up and the users are rapidly adopting a shift toward battery-powered equipment from the conventional gasoline-powered counterparts. Advent of technology is pushing the prospects of electrically operated outdoor power equipment in line with growing electrification.
Notable Spending on Lawn Maintenance Services Upholds Dominant Position of Lawn Mowers in Outdoor Power Equipment Market
Sustained demand for usage in garden and lawn maintenance projects is expected to enable lawn mowers to secure the top position in outdoor power equipment market. The report attributes dominance of this segment to demand coming in from both the residential and commercial sectors. While the residential sector accounts for half the total demand, commercial sector has also been raising notable demand for outdoor power equipment for maintaining turf sports facilities like golf courses. In addition to professional landscape service providers, lawn mowers witness growing demand from several municipalities as well. This is likely to remain a strong factor driving the growth of lawn mowers category in outdoor power equipment market.
North America Maintains a Dominant Value Share in Outdoor Power Equipment Market
The regional analysis presented in the global outdoor power equipment market report reveals detailed market analysis of the key regions, viz., North America, Europe, Asia Pacific, and LAMEA. North America has been at the forefront with strong presence of the globally leading industry brands across the region, and the unprecedentedly thriving DIY trend among homeowners. Increasing penetration of technologies like robotics in power equipment sector further completements the growth of market here, says the report findings. Similarly, Europe will also remain an important market, attributing to the exceptional growth in automation technologies, and expanse of connected technology across the residential sector. On the other hand, presence of several botanical gardens, and mounting strategic investments are driving the progression of the outdoor power equipment market in Asia Pacific. Moreover, advancing trends like green infrastructure, and electric power equipment further strengthen the growth of prospects of Asia Pacific’s outdoor power equipment market, says the primary report findings.
Outdoor Power Equipment Market Players
The Ariens Company, The Toro Company, Techtronic Industries (Tti), Stiga S.P.A., Schiller Grounds Care, Chervon (China) Trading Co., Ltd., Excel Industries, Inc., Husqvarna, Mtd Products, Deere & Co., Stanley Black & Decker, Honda, Yamabiko Corporation, Stihl Group, Al-Ko Kober Group, Makita, Briggs & Stratton Corporation, Robert Bosch, Emak S.P.A., Jacobsen (Textron) Company, Champion Power Equipment, and Spartan Mowers include some of the prominent players that are steering the competition landscape of global outdoor power equipment market. A few of the leading market players would be subject to detailed competitive analysis and strategic profiling in the report.
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