Global Outdoor Electrical Equipment Market Share To Reach USD 27,801 Million By 2026: Facts And Factors
[225+ Pages Research Report] According to the Facts and Factors market research report, the size and revenue share of the global outdoor electrical equipment market is expected to increase from $ 23,014 million in 2020 to $ 27,801 million by 2026, with growth annual CAGR of 3.2% over the forecast period 2021-2026. . Key market company profiles included in the report along with their sales, revenue and strategies are Husqvarna Group, Stanley Black & Decker, Schiller Ground Care, Deere & Company, Techtronic Industries, Toro, Briggs & Stratton Corporation and others.
New York, NY, July 07, 2021 (GLOBE NEWSWIRE) – Facts and Factors has released a new research report titled “Outdoor Electrical Equipment Market By Equipment Type (Lawn Mowers, Snowblowers, Saws, Tillers & Cultivators, String Trimmer & Edger, Snow Blower & Others), By Type of Power Source (Fuel Horsepower) visual and electric power), by application (residential / DIY and commercial), by region: global and regional industrial outlook, full analysis and forecast, 2021-2026 ”.
“According to the recent research report, the demand for Outdoor electrical equipment market size and share is expected to reach $ 27,801 million by 2026 from $ 23,014 million in 2020, at a compound annual growth rate (CAGR) of 3.2% during the forecast period 2021 to 2026 “
Global Outdoor Electrical Equipment Market: Overview
In recent years, the global outdoor electrical equipment industry has grown tremendously. The outdoor electrical equipment market is gradually moving away from manual equipment to more technologically advanced and automated equipment. One such example is a robotic lawn mower. Alternative power sources, linked interfaces and technological integration into outdoor electrical equipment are in great demand around the world. As a result, companies are interested in developing fully and partially self-contained landscaping and lawn equipment for residential and commercial customers. Growing urbanization, infrastructure activities and disposable income, as well as increased business investment, are expected to drive demand for robotic lawn mowers and other sophisticated outdoor electrical equipment throughout the projection period. .
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Also read, Lawn and Garden Consumables Market, 2021-2026
Major players in the industry market
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Key questions answered in this report:
What is the projected market size and growth rate of the Outdoor Power Equipment market?
What are the major driving factors driving the growth of the Outdoor Equipment market?
Who are the major companies active in the outdoor electrical equipment market?
What segments are covered by the outdoor electrical equipment market?
How can I get a free sample report / company profile of the Outdoor Equipment Market?
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The outdoor electrical equipment industry is shifting from fuel-powered equipment to electrical equipment due to increased environmental concerns and a growing number of stringent regulatory laws related to carbon emissions. The popularity of electric and battery-powered technology has spread beyond portable devices. Riding and heavy equipment, such as lawn mowers, is increasingly accessible in a variety of power sources, including gasoline and batteries. Municipalities and businesses are increasingly demanding green or eco-friendly items for landscaping reasons, which is fueling the rise of electrical outdoor electrical equipment in these industries. The DIY mentality is on the rise, contributing to a boom in gadget use. The availability of a variety of equipment with ergonomic designs has resulted in increased demand for outdoor electrical equipment all over the world. Outdoor electrical equipment is preferred in the DIY market due to strict rules requiring periodic maintenance of gardens and properties in private and collective premises.
E-commerce has had an impact on the outdoor electrical equipment industry, just as it has for every other product on the market. Due to the simplicity of purchasing and the wide range of items available, consumers prefer to buy online. Several e-merchants have also developed online consulting services to help customers select the equipment best suited to their needs. As a result, manufacturers are now able to offer their products directly through internet platforms, thus increasing their profit margins.
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Global Outdoor Electrical Equipment Market: Segmentation
The global outdoor electrical equipment market is segregated on the basis of equipment type, power source type, application, and region
The outdoor electrical equipment industry is divided into two categories: residential / DIY and commercial. In the world market for outdoor electrical equipment, the residential sector occupied a dominant position. The strong propensity of homeowners to modify their homes, especially their outdoor spaces, encourages the use of outdoor electrical equipment in the residential sector. The outdoor electrical equipment market is divided into two categories based on type of power source, fuel horsepower, and electric power. The development of efficient and sustainable batteries, as well as public and private construction projects, have all contributed to the development of electric power. In addition, as consumers become more interested in green technologies, the demand for electrical equipment is expected to increase dramatically. In terms of equipment type analysis, the market is segmented into Lawn Mowers, Snowblowers, Saws, Tillers & Cultivators, String Trimmers & Edgers, Snow Blowers, and others.
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Asia-Pacific Expected to Dominate Growth in Global Outdoor Electrical Equipment Market
The market in the Asia-Pacific region is propelled by both infrastructure and residential development projects. China and India, for example, are investing heavily in infrastructure, smart cities and urban planning. In addition, increased urbanization and increased construction activity create opportunities for small and large businesses in the region.
Browse the full report “Outdoor Electrical Equipment Market By Equipment Type (Lawn Mowers, Snowblowers, Saws, Tillers & Cultivators, String Trimmers & Edgers, Snow Blowers & Others), By Power Source Type (Visual Fuel Power and Electric Power), By Application (Residential / DIY & Commercial), By Region: Global & Regional Industrial Outlook, Full Analysis & Forecast, 2021-2026” at https://www.fnfresearch.com/outdoor-power-equipment-market
The global outdoor electrical equipment market is segmented as follows:
By type of equipment:
Motocultivators and cultivators
String trimmers and edgers
By type of power source:
Residential / DIY
Highlights of this report:
Statistically validated analysis of historical, current and forecasted industry trends with authenticated information and data on market sizes in terms of value and volume, where applicable
Detailed list of top buyers and end users (consumers) analyzed by regions and applications
Overview of key marketing strategies and key sales channels adopted in the market
Market attractiveness analysis and analysis of key investment opportunities in the market in the future
Direct and indirect factors that have had an impact on the industry as well as the projected justifications that are expected to affect the industry in the future
Historical and projected market shares of companies / suppliers / OEMs / suppliers, competitive landscape and player positioning data
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