Outdoor Power Equipment Market

1. Outdoor Power Equipment Market Opportunities and Industry Trends 2026 The global outdoor power equipment market in terms of revenue was estimated to be worth USD 26.4 billion in 2021 and is poised to reach USD 35.8 billion by 2026, growing at a CAGR of 6.3% from 2021 to 2026. The new research study consists of an industry trend analysis of the market. Lawn Mowers were the most extensively used outdoor power equipment in the market. The lawn mowers segment is projected to account for the largest size of the outdoor power equipment market from 2021 to 2026. The growing demand for lawn mowers can be attributed to the increasing affinity of residential users for lawn and garden care activities and the increasing demand for landscaping services. Other major end users of lawn mowers include municipalities and landscaping service providers Furthermore, the growing affinity for turf sports such as Golf is fueling the demand for lawn mowers. Residential/DIY application held larger share of the market The residential/DIY application segment is projected to account for the larger size of the market from 2021 to 2026. Residential end users can be homeowners and do-it-yourself (DIY) enthusiasts. There is an already established and flourishing culture of lawn and garden care across North America and Europe, which is further increasing across other regions as well. Increasing inclination of residential end users for undertaking gardening and home refurbishment activities for improving aesthetics is a major factor contributing to the increasing adoption of outdoor power equipment. Fuel-powered equipment held larger share of the outdoor power equipment market The fuel powered segment is projected to account for the larger size of the market from 2021 to 2026. Fuel- powered equipment can work on gas, diesel, or petrol and deliver better power and torque, owing to which they are being increasingly adopted by professional arborists and loggers for deforestation and wood clearing activities. Many companies are investing significantly in R&D for improving technical aspects of fuel-powered equipment, which has successfully reduced noise and exhaust fumes, and improved operator comfort. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=206862770 Asia Pacific is expected to register highest growth in the market during forecast period The market in APAC is projected to register the highest growth rate from 2021 to 2026. The market in APAC can be further segmented into China, Japan, India, South Korea, and Rest of APAC. As opposed to North America, where there is an established garden care culture, the affinity for gardening activities in APAC is slowly increasing. However, due to increasing urbanization leading to increasing consumer disposable income, there is a growing demand for consumer durables such as outdoor power equipment. Government across countries in APAC are curating and investing in several infrastructural projects to cater to the growing population and promote sustainable landscaping and green infrastructure.

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