09 April 2021
The new report the Outdoor Power Equipment Market Report to 2031: Forecasts by Type (Cordless Tools and Rope Power Tools), Power Source (Electric, Battery, and Others), Application (Residential and Commercial), by Region, Country, and Profiles of Leading Companies indicates that the Global Outdoor Power Equipment Market will see $ XX bn in spending in 2020.
The lead analyst of the report said: "The outdoor power equipment market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of the outdoor power equipment."
Outdoor power equipment is primarily used for outdoor activities like gardening, landscaping, and property maintenance. These power equipment are extensively used owing to its effective, reliable, and robust feature. Moreover, the growing implementation of battery-powered outdoor power equipment for maintaining gardening and lawns actions, growing landscaping services demand, and rising gardening activities across residential areas are the key factors driving the market's growth. However, the limited leasing availability of outdoor power equipment and the high maintenance costs probably hinder the market's growth. The manufacturing of connected and smart outdoor power equipment is the foremost opportunity for manufacturers in the market.
Considering the current market trend, the government regulations and environmental concerns for fuel-powered equipment and advancement in the battery-powered equipment are primarily expected to rapidly fuel the demand for electric-powered outdoor equipment, especially for cordless equipment. Corded electric-powered equipment is plug-n-execute equipment, whereas cordless equipment is accessible to efficient, operate, and handy. Owing to its ergonomic advantages, consumers are intended towards the cordless equipment over conventional rope-powered equipment.
The direct financial impact of the COVID-19 in the residential and commercial sectors are expected to minimize the potential growth of the outdoor power equipment in the developed market.
The XX page report contains 91 tables and 290 graphs that add visual analysis to explain developing trends within the outdoor power equipment market. The report provides $ XX bn forecasts during the forecast period 2021-2031 for the outdoor power equipment submarkets, namely by type, i.e., cordless tools and rope power tools.
The XX page report offers market forecasts and analysis for 24 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies' chapter covering more than 15 companies leading the field in the outdoor power equipment.
The global outdoor power equipment market 2021-2031 report will be of value to anyone who wants to understand better the outdoor power equipment market and its various segments. It will be useful for businesses who wish to comprehend the part of the market better they are already involved in, or those wishing to enter or expand into a different regional or technical aspect of the outdoor power equipment industry.
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