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Growing Demand for Cordless and Environment Friendly Tools to Drive Growth in the Global Outdoor Power Equipment Market


Published: March 2017

REPORT STATISTICS


  • Code: MCP-2258
  • Pages: 467
  • Tables: 147
  • Companies: 178


OUTDOOR POWER EQUIPMENT: A RESEARCH BRIEF

The global market for Outdoor Power Equipment is forecast to reach 133 million units by 2022, driven by recovering construction activity in most countries across the world; and the ballooning trend of outdoor living and the resulting focus on creating artistic outdoor spaces that are functional and aesthetically appealing. Also benefiting growth in the market is the rising levels of voluntary environmental stewardship among consumers and the resulting increase in demand for environment friendly powered tool with lower emission and higher energy efficiency. A Key trend in the market is the growing base of Do-It-Yourself consumers who value gardening as an important recreational activity. The zeal among DIYers to develop gardens in homes and enhance aesthetics through beautiful and properly maintained lawns and gardens is translating into higher sales of gardening and landscaping tools and appliances. The United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 6.1% over the analysis period, led by factors such as healthy economic growth; rapid urbanization; rising disposable incomes; lifestyle upgrades among the expanding base of affluent middle class population; and increasing interest in landscaping activities as a personal hobby expressive of affluence and social status. 

    Summary of Findings

  • Stringent Emission Regulations Drive Replacement of Gas-Powered Lawn Mowers With Electric Lawn Mowers
  • Cordless Tools Gain Popularity Among Large Plot Owners and Aging Homeowners as an Alternative to Conventional Tools
  • Breakthrough Innovation in Lithium Ion Batteries Offering Higher Performance and Life Encourage Adoption of Battery Powered Power Tools
  • Technology Developments and Improvements in Software Algorithms that Impart Autonomous Abilities Coupled With Falling Costs Drive Consumer Acceptance of Robotic Mowers
  • Growing Importance of Well-Manicured Lawns And Their Undeniable Customer Lure as Part of the Branding Strategy for Hotels and Hospitality Companies Drives Demand for Outdoor Landscaping and Maintenance Equipment

    Timeline for Analysis

  • Market Estimates and Forecasts for 2015-2022
  • Historic Review 2009-2014

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa, and Latin America

    Market Segmentation & Classification

  • Product Segments:
    • Bug Killers, Chain Saws, Hedge Trimmers, Leaf Blowers (Back Pack Leaf Blowers, & Handheld Leaf Blowers), Outdoor Grills (Charcoal-Fired Outdoor Grills, Electric-Fired Outdoor Grills, & Gas-Fired Outdoor Grills), Walk Behind Power Mowers, Riding Garden Tractors, Riding Mowers & Lawn Tractors (Front Engine, & Rear Engine), Rotary Tillers, Snowthrowers, and Trimmers/Brush Cutters.

MAJOR PLAYERS

  • Alamo Group, Inc.
  • The Ariens Company
  • Blount International, Inc.
  • The Bosch Group
  • Briggs & Stratton Corporation
  • Deere & Company
  • Global Garden Products Group
  • Emak S.p.A

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable