Rockville, Maryland Oct 25, 2018 (Issuewire.com) - Fact.MR has actively published a new research study which discourses knowledge about the outdoor power equipment market at the global level. This assessment is titled “Outdoor Power Equipment Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028”, which targets the current & future market projections that are assumed to transform the outdoor power equipment market in the coming years.
As per research findings, the size of the global market for outdoor power equipment was evaluated at US$ 38.969.5Mn in 2017. It has been estimated that the outdoor power equipment market will acquire growth at a moderate CAGR of 3.5% through 2028. The study starts with the executive summary that includes opportunity assessment and market taxonomy. Further, this particular section deals with the introduction to supply chain, investment feasibility matrix, product lifecycle and Porter’s analysis. The later section of the report focuses on the market dynamics that comprise drivers, restraints and trends, which are known to impact the overall market for outdoor power equipment.
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Talking about market drivers, the changing trends experienced in managing infrastructural activities are projected to drive the demand for outdoor power equipment. Moreover, with the increase in urbanization, consumers are ready to shed their expendable earnings on robust goods and recreational activities like golf and landscaping services, which in turn is helping to augment the demand for commercial and residential outdoor power equipment. However, the huge presence of low-cost Chinese products is likely to adversely affect the overall sales of OEMs, acting as a primary restraint for the global outdoor power equipment market.
On the basis of equipment type, the global market for outdoor power equipment is bifurcated into riding the lawn mower, push lawn mower, self-propelled mower, automatic lawn mower and others. Based on the geographical presence, the global market is split into North America, Europe, Latin America, Japan, CIS & Russia, APEJ and MEA. Each of these segments is studied in terms of market value (US$ Mn) and volume analysis. According to research analytics, North America is known to acquire the larger market share in the worldwide outdoor power equipment market owing to stable demand and manufacturer concentration. It has been noted that North America construction industry restoration will grab the interest of the stakeholders and pull in investment for outdoor power equipment market. Also, during the past few years, initiatives incorporating green spaces for endorsing health equity in the United States, such as Green Space and Affordable Housing have actively influenced sales for electric lawn mowers.
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The final section of the report discusses the key market players such as iHonda Motor Co., Ltd., Techtronic Industries Company Ltd., Stanley Black & Decker, Inc., Husqvarna AB, CHERVON (China) Trading Co., Ltd., Andreas Stihl AG & Company KG, Briggs & Stratton Corporation and YAMABIKO Corporation. Each of these players is analyzed based on different facets such as new product launches, acquisitions and collaborations.
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