August 13, 2019 by Steve Blade
A recent Fact.MR study foretells the outdoor power equipment market to record an expansion at 3.5% CAGR over the forecast period (2018-2028). Outdoor power equipment continues to witness increased traction in tree care segment. However, innovations in battery technology for tree care equipment for better efficiency will gain impressive growth in the global marketplace. Size of the outdoor power equipment market was evaluated at US$ 38.969.5Mn in 2017, according to a new Fact.MR study. Revival construction industry has played a vital role in accelerating the demand for the outdoor power equipment globally. Owing to high population densities, emerging economies like China and India are expected to show some of the highest growth rates in construction over the next decade. The study envisages outdoor power equipment market to record a moderate 3.5% CAGR through 2028.
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Table of Content
1. Executive Summary
2. Global Outdoor Power Equipment Market Introduction and Key Indicators
3. Global Outdoor Power Equipment Market Dynamics
To be Continue...
Automatic Lawn Mower to Gain Momentum
The world is moving towards greener technologies. People are switching towards cleaner sources of energy with a view to reduce carbon emissions and facilitate environment safety. Recently, gardeners have become aware of the various benefits offered by electric lawn mowers over their gas-powered or traditional counterparts that contribute to around 5% of the total hydrocarbons in the atmosphere in urban areas. According to a CNBC report, in 2017, air pollution has resulted in more than four million deaths in 2015, half of which were from emerging economies of India and China.
Owing to its maturity, the outdoor power equipment market is likely to observe an intense competition scenario among existing as well as emerging market players. Key market players including Honda Motor Co., Ltd., Stanley Black & Decker, Inc., Techtronic Industries Company Ltd., CHERVON (China) Trading Co., Ltd., Husqvarna AB, Briggs & Stratton Corporation, Andreas Stihl AG & Company KG and YAMABIKO Corporation are leveraging strategies that include new product launches, collaborations and acquisitions of emerging players to reinforce their position in the outdoor power equipment market.
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