The global outdoor power equipment market is
projected to be valued at USD 2.61 billion by 2024.
Which are the prominent players offering
outdoor power equipment?
Husqvarna, Deere
& Company, Honda Motor, The Toro Company, Andreas Stihl, MTD Products,
Ariens, Yamabiko, Stanley Black & Decker, Techtronic Industries, Briggs
& Stratton are some of the key players offering outdoor power equipment.
Where will all the developments take the industry
in the mid-to-long term?
The outdoor power
equipment market is expected to record the CAGR of 3.2% during forecast period.
Some of the major
driving factors for the growth of this market include rising adoption of
battery-powered outdoor power equipment for maintaining lawns and gardening
activities, and growing demand for landscaping services.
How is the outdoor power equipment market
segmented?
The outdoor power
equipment market has been segmented based on equipment type, application
(commercial, residential), power source (fuel, electric), and region
Which equipment type accounted for the largest
share of market in 2019?
Lawn movers segment
accounted for the majority of the global outdoor power equipment market share
in 2019.
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