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Global Outdoor Power Equipment Market Valuable Growth Prospects, Top Players, Key Country Analysis, Trends and Forecast till 2024

Press Release

Global Outdoor Power Equipment Market Information: by Product (Cordless Tools, Rope Power Tools), Power Source (Electric, Battery, Others), Application (Household, Commercial), and Region – Global Forecast Till 2025

The preference of robotic & electric hand tools over the conventionally used ones is a key global trend witnessed as hand tools, if mismanaged, might lead to accidents. The global outdoor power equipment market is characterized by high competition and is dominated by major international players. The key players in the market are mainly focused on technological innovation and introducing innovative products such as robotic and battery-powered outdoor equipment to stay competitive.

The outdoor power equipment market is mainly driven by various factors such as the increased use of power tools for DIY (do-it-yourself) and other household activities, growth in the construction industry, and technological advancement. Outdoor power equipment market has various constraints such as the growing popularity of artificial grass as this type of grass does not require mowing, watering and fertilizing. It is a less costly alternative to real turf and it is a beautiful and long-lasting landscaping solution. Thus, artificial grass is increasingly becoming a great money saver for garden owners. Additionally, fluctuation in prices of raw materials also acts as a restraining factor for the market.

The global outdoor power equipment market is expected to progress at 5.22% CAGR during the forecast period. In 2017, the market was led by North America, with a 36.1% share, followed by Europe and Asia Pacific with shares of 28.1% and 18.8%, respectively.

The outdoor power equipment market has been segmented on the basis of product, power source, application, and region. By power source, the market has been segmented as electrically operated, battery operated, and others. Electric operated segment accounted for the largest market share of 47.8% in 2017, with a market value of USD 9,428.4 million; projected to witness the highest CAGR of 5.45% during the forecast period. By product, the cordless tools segment accounted for the largest market share of 59.0% in 2017 and is projected to grow at the highest CAGR of 5.41% during the forecast period. By application, the household segment accounted for the largest market share of 54.5% in 2017, with a market value of USD 10,757.3 million and is projected to grow at the highest CAGR of 5.37% during the forecast period.

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Table of Contents:

1 Executive Summary 
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Market Structure
2.4 List of Assumptions
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Global Outdoor Power Equipment Market
4.1 Introduction
4.2 Drivers
4.2.1 Increased use of power tools for DIY (Do-it-yourself) and other household activities
4.2.2 Growth in construction industry
4.2.3 Technological advancement
4.2.4 Drivers Impact Analysis
4.3 Restraints
4.3.1 Growing popularity of artificial grass
4.3.2 Fluctuation in prices of raw materials
4.3.3 Restraints Impact Analysis
4.4 Opportunity
4.4.1 Scope in developing nations
5 Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Suppliers
5.1.3 Threat of Substitutes
5.1.4 Bargaining Power of Buyers
5.1.5 Segment Rivalry
5.2 Supply Chain Analysis
5.3 Manufacturing & Labor Cost Structure Analysis
5.4 Raw Material Pricing
5.5 Import Analysis of Lawn Mower
5.6 Export Analysis of Lawn Mower
5.7 Import Analysis of Snowploughs and Snowblowers
5.8 Export Analysis of Snowploughs and Snowblowers

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