Outdoor Power Equipment Market is projected to reach USD 31,623.7 million by 2030
At a compound annual growth rate (CAGR) of 3.6%, the global
outdoor power equipment market is
projected to grow from USD 23,825.1 million in 2021 to USD 31,623.7 million by
2030. The market is expected to develop due to the growing demand for
landscaping services from both commercial and residential customers looking to
improve the aesthetics of their buildings. The demand for outdoor power
equipment is expected to be driven by homeowners' growing inclination to spend
more time gardening and outside in developed countries, which is expected to
fuel market expansion throughout the forecast period.
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REGIONAL
ANALYSIS
Throughout the projected period, the outdoor power
equipment regional market is anticipated to grow at the fastest rate in Asia
Pacific. Over the course of the forecast period, the outdoor power equipment
market in Asia Pacific is anticipated to grow at the fastest rate, XX.X%. China
and India will continue to be important growing markets in Asia Pacific for
producers of outdoor power equipment.
The region's need for outdoor power equipment market is
being driven primarily by increased building activities and smart city
initiatives, rising income levels, growing investments in gardening, and rapid
economic expansion in nations like China and India. Japan accounted for XX.X%
of the outdoor power equipment market in
Asia Pacific in 2021, making it the largest market.
SEGMENT COVERAGE
Outdoor Power Equipment Market By Equipment Type
· Lawn Mowers
o Riding Lawn Mowers
o Non-Riding Lawn Mowers
· Saws
o Chainsaws
· Trimmers And Edgers
· Blowers
· Tillers And Cultivators
· Snow Throwers
· Others
Outdoor Power Equipment Market By Application
· Residential/DIY
· Commercial
Outdoor Power Equipment Market By Fuel Type
· Fuel
Powered
· Electric
Powered
Outdoor Power Equipment Market By Functionality
· Connected/Smart
· Conventional
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