DIY/Residential Applications to Boost the Demand for Outdoor Power Equipment

The purpose of this comprehensive forecast report presented by Fact.MR is to elaborate the various market projections impacting the global outdoor power equipment market size during the period through 2018-2028. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the overall structure of the outdoor power equipment market during the forecast period.

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Outdoor power equipment being crucial for basic upkeep of yard provides great assistance & convenience in maintaining garden. Increasing trend toward investing additional time in outdoor & gardening-related activities is boosting the demand for outdoor power equipment such as lawn mowers.

Since there is a shift towards greener technologies, consumers are switching towards cleaner sources of energy with the aim to decrease carbon emissions & encourage environment safety. In recent years, gardeners have become aware of the several advantages provided by electric lawn mowers over their conventional counterparts. With decreased environmental emission in mind, it has become imperative for consumers to opt for eco-friendly solutions that has prompted the adoption of electric lawn mowers.

In addition, increasing per capita income of consumers coupled with rise in disposable income for durable goods are prompting the outdoor power equipment demand for DIY/residential applications. These equipment are heavily being used by DIY consumers for residential renovation projects. DIY users incline towards using smaller & lighter outdoor power equipment. Hence, there is an increasing tendency for opting ergonomic, small equipment, which are quite efficient as compared to conventional outdoor power equipment. This, in turn, has resulted in considerable demand for compact & lighter cordless power equipment for residential/DIY applications.

On the basis of region, North America to remain the most remunerative market for outdoor power equipment owing to extreme usage of outdoor power equipment for commercial and residential applications. As mentioned earlier, DIY trend has already gained momentum in the United States, thereby boosting the demand for the equipment. Additionally, United States is home to turf maintenance service providers & major landscaping. Hence, the outdoor power equipment market in the United States is increasing at a rapid rate as consumers are using lawn & garden care equipment as a way to enhance their houses while improving their aesthetics.

Outdoor Power Equipment Market: Summary of the Report

The outdoor power equipment market is analyzed in a comprehensive manner to offer exhaustive estimate data about the outdoor power equipment market for the period 2018-2028. This report is a comprehensive collection of thorough overview of outdoor power equipment market and analyses the market on the basis of macro & micro-economic determinants, market dynamics, which develop market growth, & providing information on other important aspects that direct upcoming opportunities of the industry trajectory.