Rockville, MD, Sept. 06, 2018 (GLOBE NEWSWIRE) -- This particular research report focuses on the outdoor power equipment market at the global level. Fact.MR has published this analysis titled “Outdoor Power Equipment Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028”, which examines the rising demand for outdoor power equipment across different market segments. According to research findings, the concerned market is expected to expand at 3.5% CAGR during the forecast period (2018-2028).
It has been investigated that, growth in the outdoor power equipment market is majorly reliant on factors like population and age distribution, housing, consumption spending and other constructions, geography, together with leisure and recreation activities. Furthermore, the future of the outdoor power equipment market is dependent on robotics and battery technology. It has been analyzed that, battery powered equipment are much cleaner and include lower operating costs as compared to equipment which runs on gas. The introduction of battery-powered equipment across the residential and commercial segments is projected to drive the sales of larger equipment; thereby, motivating growth in the overall outdoor power equipment market.
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The research report starts with the executive summary followed by introduction and definition. Readers can access useful information related to supply chain, forecast scenario, forecast factors, technology roadmap and Porter’s analysis. Furthermore, knowledge about market dynamics including drivers, restraints and trends is delivered in a separate portion. One of the vital market drivers includes the steady development of the global construction sector. The outdoor power equipment market is carefully segmented on regional consideration into North America, Latin America, CIS & Russia, Europe, APEJ, Japan and MEA. Among these, North America continues to retain its position as the leading market share holder in the outdoor power equipment market. This is primarily due to the impressive manufacturer concentration and constant demand.
Further, market bifurcation based on equipment includes automatic lawn mower, push lawn mower, self-propelled mower, riding lawn mower and others. Based on price range (US$), the outdoor power equipment market is divided into 0-1000, 1000-2000 and 2000+. Each of these segments are studied in terms of market value (US$) & volume (Units) and market attractiveness. There has been a significant shift towards the usage of electric and battery powered equipment due to stronger emission standards and consumers consciousness towards the environment. Hence, the demand for outdoor power equipment is gaining pace among the modern population across developed and developing nations.
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The outdoor power equipment market is maturing and so is the intense competition among existing as well as developing market players. Some of the major players mentioned in this report include Honda Motor Co., Ltd., Techtronic Industries Company Ltd., Stanley Black & Decker, Inc., Husqvarna AB, Briggs & Stratton Corporation, CHERVON (China) Trading Co., Ltd., YAMABIKO Corporation and Andreas Stihl AG & Company KG. Each of these companies are examined based on their new product launches, acquisitions and collaborations.
It has been observed that, key players are persistently implementing new strategies merged with R&D to expand the maneuverability, performance and efficiency of robotic lawn mowers. This is managed through the use of different technological advancements, like auto calendar function, smart navigation through obstacle detection and smart lawn mapping via GPS.
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