Technavio analyzes that the Outdoor Power Equipment Market is expected to grow at a CAGR of 6.44% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 11.51 billion.There are various factors that contribute to the growth of the market. The Outdoor Power Equipment Market is experiencing significant growth due to the increasing preference for natural aesthetics and the desire to maintain outdoor spaces. Homeowners and landscaping professionals are investing in equipment such as lawn mowers, trimmers, blowers, and garden tools to enhance the beauty and functionality of their outdoor environments. This trend is expected to continue as people prioritize the importance of spending time in nature and creating attractive outdoor living spaces.
In the realm of engine-driven outdoor power equipment, gasoline-powered tools such as Earth Augers, Stump Grinders, Lawn Tractors, Riding Mowers, Zero-Turn Mowers, Push Mowers, and Robotic Mowers are commonplace. These tools, which include chainsaws and acetylene welders, offer significant utility in areas devoid of electric power sources. However, they come with inherent drawbacks, including high noise levels and detrimental emissions that pose risks to operators and the environment. The increasing preference for electric tools is expected to negatively impact the expansion of the gasoline segment within the global outdoor power equipment market during the forecast period.
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Outdoor Power Equipment Market Segmentation
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The Outdoor Power Equipment Market encompasses a range of tools designed for landscaping and gardening tasks. These include Lawn Mowers (Lawn Tractors, Riding Mowers, Zero-Turn Mowers, Push Mowers, Robotic Mowers), Chainsaws, Trimmers (String Trimmers, Brush Cutters), Blowers, Snow Blowers, Pressure Washers, Generators, Hedge Trimmers, Chippers, Shredders, Edgers, Tillers, Cultivators, Log Splitters, Pole Saws, Earth Augers, Stump Grinders, and various handheld tools. The market offers Electric Tools, Gasoline Tools, and Cordless Tools. (51 words)
The Outdoor Power Equipment Market, encompassing Lawn Mowers, Chainsaws, Trimmers, Blowers, Snow Blowers, Pressure Washers, Generators, and Hedge Trimmers, is a significant segment of Technavio's Global Agricultural and Farm Machinery Market analysis. This market segment is characterized by companies manufacturing outdoor power equipment and related components. The Agricultural and Farm Machinery Market, which includes agricultural tractors, haying machinery, harvesting machinery, planting machinery, livestock machinery, spraying machinery, tillage machinery, irrigation systems, and outdoor power equipment, is estimated based on the manufacturers' revenues. Market expansion will be fueled by the increasing number of new product launches from industry players.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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