Latest News- Outdoor Power Equipment Market: Gasoline is expected to lead the Type segment during 2024-2028

The Outdoor Power Equipment Market is being driven by Increasing demand for outdoor natural aesthetics

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. In the Outdoor Power Equipment Market, the adoption of smart gardening practices is gaining traction due to the integration of advanced technology in performing gardening tasks. End-users are increasingly seeking simplicity and efficiency in gardening, leading to the popularity of smart devices. These devices enable timely notifications for nutrient and water additions, as well as weather data, ensuring optimal plant growth. Vendors are capitalizing on this trend by developing innovative tools compatible with smart gardening systems. Furthermore, technology advancements are expected to yield more autonomous robotic lawnmowers, enhancing the overall appeal of smart gardening practices. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Gasoline
  • Electric corded
  • Battery
• End-user
  • Residential
  • Commercial
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for outdoor natural aesthetics
• Innovations in landscaping and gardening practices
• Presence of government initiatives that promote gardening

However, the market also witnesses some limitations, which are as follows:

• Seasonal nature of landscaping business
• Rising demand for artificial grass
• Shortage of water due to global warming

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Market Scope in Outdoor Power Equipment Market Research Report

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Research Analysis Overview

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. (50 words)

Market Research Overview

The Outdoor Power Equipment Market is a significant segment of the global Agricultural and Farm Machinery Market, according to Technavio's market research. This market encompasses companies manufacturing lawn care equipment, garden machinery, and related parts, such as lawn mowers, brush cutters, hedge trimmers, tractors and tillers, chainsaws, leaf blowers, snow blowers, ride-on mowers, cordless power tools, battery-powered outdoor tools, electric lawn mowers, and gas-powered equipment. The Agricultural and Farm Machinery Market's size is determined by the revenues generated from the sales of various agricultural machinery types, including agricultural tractors, haying machinery, harvesting machinery, planting machinery, livestock machinery, spraying machinery, tillage machinery, and irrigation systems. The market's growth is attributed to the increasing number of new product launches by market participants, expanding their product offerings to cater to diverse customer needs.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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