Outdoor Equipment Market size was valued at US$ 22.41 Bn. in 2020 and the total revenue is expected to grow at 3.6 % through 2021 to 2027, Outdoor Equipment Market is reaching nearly US$ 28.71 Bn. by 2027.
Outdoor Equipment Market Overview:
A variety of factors that encourage Outdoor Equipment market expansion are examined in the Maximize Market Research Report. Market trends, opportunities, challenges, and factors that either help or hurt the market are all covered in the analysis. This section also discusses the many sectors and applications that could have an impact on the market throughout the course of the anticipated time frame. This information is based on both recent and earlier trends. This section also includes a summary of production for each species from 2022 to 2029. The regional output from 2022 to 2027 is examined in this section. The pricing ranges are 2022 to 2027 for each category, each area, and the entire globe.
Market Scope:
Between 2022 and 2027, it is predicted that the market for Outdoor Equipment would grow at the quickest rate. In addition to analysing supply and demand trends, the Maximize Market Research (MMR) report also looks at costs, prices, shares, volumes, sales, and gross profits. Each company’s manufacturing unit, capacity, production, factory price, market price, and market share are investigated in this MMR data collection.
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Drivers:
Consumer interest for outside green spaces like gardens and lawns is rising dramatically in metropolitan areas. Some customers in this sector are making creative attempts to introduce urban greening into major cities. In order to produce more commodious and environmentally sustainable living areas, cities are building greener spaces. Urban green spaces have more extensive, competitive economic and environmental benefits, which increases demand for outdoor power equipment.
Segmentation:
The market is divided into electrically powered and fuel-powered subsegments based on Power Source. In 2020, the electrically powered sector will dominate the market. The development of high-performance, long-lasting batteries as well as urbanisation and government-sponsored construction initiatives are all credited with the growth. Additionally, the need for electrical equipment is anticipated to rise significantly as customer preference for green technology keeps rising.
Gardeners are now aware of the many benefits electric lawnmowers have over their gas-powered or conventional counterparts, which contribute just around 5% of the total hydrocarbons in urban areas’ atmosphere. There has been a discernible trend toward electric and battery-powered equipment due to stricter pollution regulations and more environmentally conscious consumers.
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Key Players:
• Husqvarna Group
• Deere & Company
• Toro
• Honda Motor Co., Ltd.
• Stihl Group
• MTD Products
• Ariens Company
• Yamabiko Corporation
• Stanley Black & Decker
• Techtronic Industries
• Briggs & Stratton Corporation
• STIGA S.p.A.
• AL-KO KOBER GROUP
• Emak S.p.A.
• Bosch
• Makita
• Schiller Ground Care
• Excel Industries, Inc.
• CHERVON Group
• Jacobsen (Textron Company)
Regional Analysis:
The entire countries of North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa are all covered by the MMR report. MMR considers significant market segments, sub-segments, and significant market sectors in this study. Based on market size, percentage, and volume, the MMR study assesses how creative nations have developed locally. Numbers can be expressed in a wide variety of ways, including volume, area, sales, market chain systems, and trends.
COVID-19 Impact Analysis on Outdoor Equipment Market:
Between 2020 and 2021, the COVID-19 Regulation will have a substantial impact on societal, commercial, and labour goals. Since COVID-19 has the potential to wipe out our civilization and way of life, it urgently needs industry support and inventiveness. Issues with COVID-19 have arisen for migrant workers in India. The embargo has had a detrimental impact on millions of migratory workers, including job losses, food shortages, and anxiety about the future.
Understanding the modern economy, COVID-19, and its effects on the economy is the main goal of this MMR study. MMR is monitoring COVID-19 across all departments, areas of expertise, and academic fields. To evaluate how COVID-19 has impacted industry losses and growth, comparable data from the Maximize Market Research Report can be used.
Key Questions answered in the Outdoor Equipment Market Report are:
- Which product segment grabbed the largest share in the Outdoor Equipment market?
- How is the competitive scenario of the Outdoor Equipment market?
- Which are the key factors aiding the Outdoor Equipment market growth?
- Which region holds the maximum share in the Outdoor Equipment market?
- What will be the CAGR of the Outdoor Equipment market during the forecast period?
- Which application segment emerged as the leading segment in the Outdoor Equipment market?
- Which are the prominent players in the Outdoor Equipment market?
- What key trends are likely to emerge in the Outdoor Equipment market in the forecast period?
- What is the expected Outdoor Equipment market size by 2029?
- Which company held the largest share in the Outdoor Equipment market?
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