The global outdoor power equipment market is analyzed in terms of value (USD Billion) and volume (Units) in this report. Market segments have been analyzed on the basis of region, country, and sub-region. This study covers more than 30 countries. Porter’s five forces model and attractiveness analysis are also included. Other important factors considered in this report include competitive positioning grid, distribution and marketing channels, and raw materials and supply analysis.
Cost of Maintenance of Outdoor Power Equipment
Consumers face high costs of outdoor power equipment due to the need for routine maintenance. Keeping equipment in good condition requires regular sharpening, oiling, and re-calibration. Repairs and replacement parts can also be expensive. These maintenance expenses can add up, making these tools unaffordable for most consumers, especially those in developing regions. So, consumers must keep their budgets in mind when purchasing outdoor power equipment.
The job description of an outdoor power equipment mechanic varies. Some work from home in a garage. Others work in home improvement centers, farms, and small family businesses. Others travel to the customer’s location to provide maintenance. Some outdoor power equipment mechanics work for landscape contractors or small-engine dealers. This job description can help consumers find a company that provides maintenance services. Depending on the equipment, the technician may also be hired by a business that sells small outdoor power equipment.
Companies that manufacture outdoor power equipment include Husqvarna of Sweden, Deere & Company of the U.S., Honda Motor Co., Ltd., Blount International, Inc., and The Toro Company, among others. Other companies in the outdoor power equipment market include STIHL Holding AG & Co. KG, Stanley Black & Decker Inc., and MTD Products, Inc.
Outdoor power equipment is widely used in landscaping activities, including landscaping, tree care, and hedge trimming. Increasing interest among homeowners in landscaping is driving the market growth of outdoor power equipment. For example, landscaping companies use the equipment for lawn mowing, hedge trimming, and blowing. In addition, golf courses use outdoor power equipment for snow removal and organic lawn care. With these increasing applications, outdoor power equipment sales are expected to continue to grow over the next several years.
Regulatory Compliance of Outdoor Power Equipment
Outdoor power equipment labels carry critical information about compliance. They convey model numbers and specifications to consumers while helping retailers identify and track products. Regulatory compliance is an important factor for manufacturers, as improper labeling may expose them to liability. These labels are made of pressure-sensitive materials that must be highly resistant to abrasion and scratching. Additionally, they must be readable for the duration of the life of the product. Here are some things to consider when designing a label for outdoor power equipment.
The pressure-sensitive film is a key variable in design engineers’ processes. It can enhance product performance, aesthetics, and manufacturing economies. This technology has risen above commodity status, gaining new importance in the production process and brand experience. Pressure-sensitive films are used in a wide variety of industries, including outdoor power equipment. Whether it’s outdoor power equipment or bicycles, labels should be visible and easy to understand.
Regulatory compliance with outdoor power equipment is a key element of product safety. Many of today’s battery-powered power tools have varying safety standards, and understanding the differences in national and international standards can help manufacturers mitigate risks and compete in the global marketplace. The CSA Group can help manufacturers get their outdoor power equipment certified and help them access the right market. As the market for these products is global, it is important to use only products that have the proper approval mark to ensure safety and quality.
Regulatory compliance with outdoor power equipment requires manufacturers to make sure that the products they sell are safe and meet the necessary requirements. For instance, safety equipment is required to operate from a power supply circuit, which cannot generate hazardous voltages. Regulatory compliance requires manufacturers to understand the different regulatory specifications and terminology used in relation to power supplies and equipment. Safety standards are designed to protect consumers from electric shock. Basic insulation and protective earth grounding ensure electric shock protection. Added safety protection is provided by double or reinforced insulation, which does not require grounding.
Trends in the Market
In addition to traditional applications, new technologies are influencing manufacturers to develop smart tools. As the adoption of wireless connectivity and the increasing need for connected tools increases, manufacturers are working to develop new products that meet the requirements and preferences of end users. For instance, in 2021, ECHO launched a backpack blower with increased power and lightweight features. The PB-9010 is currently the most powerful backpack blower in the world. This new product focuses on increased power and lightweight features to improve productivity. Manufacturers must continue to innovate in order to keep up with this market demand.
Growth in outdoor power equipment shipment in North America is anticipated over the forecast period. In the U.S., lawn mowers are heavily used in residential and commercial settings. The rise in green spaces has been associated with increased air quality, lower temperatures, and reduced traffic noise. Additionally, green spaces are known to improve mental and physical health and reduce stress levels. Overall, government spending is expected to fuel the growth of the outdoor power equipment market. The market can be segmented based on power source, application, functionality, and region.
The outdoor power equipment market is driven by a variety of factors, including an increase in DIY initiatives, and an increasing inclination towards automated landscaping equipment. With the introduction of battery-powered outdoor power equipment, consumers can take full control of their landscaping activities without the need for professional help. Additionally, the popularity of E-commerce platforms for residential consumers has increased sales. Further, increased investment in infrastructure and businesses has contributed to the growth of the outdoor power equipment market.
Retailers sell lawn and outdoor power equipment to consumers as well as professionals. They sell lawn and garden equipment, such as chainsaws and garden tractors. Many also offer repair services and replacement parts. The outdoor power equipment industry is largely unregulated, so it is crucial to understand trends and develop a marketing strategy that targets this niche. While e-commerce sales have the potential to boost the market, retailers will need to keep an eye on the competition in the industry.
Drivers of the Market
Several factors have driven the growth of the outdoor power equipment market. The increase in urban lifestyle is a major factor driving demand for this equipment. By 2050, seventy percent of the world’s population will be living in cities. This trend will further increase the need for outdoor power equipment as more people want to enjoy the outdoors. Residential users will also benefit from this technology, as it can help them maintain their lawns and gardens.
Technological advancements and environmental concerns are other major drivers of the outdoor power equipment industry. In addition to lower operating costs, consumers are demanding products that are smarter and aesthetically pleasing. Battery-powered power equipment is expected to gain popularity as its operating costs are less than those of natural gas-powered equipment. Additionally, robotic lawnmowers are expected to become more popular in the coming years. Battery-powered equipment can also help reduce emissions, which will drive demand.
In developing markets, the most rapid growth is expected to occur in the Asia Pacific region. China and India are expected to experience the highest growth rates over the next decade. Moreover, changing trends in infrastructure and increased participation in recreational activities are expected to contribute to the growth of the outdoor power equipment market. As consumers increasingly opt for quality over price, manufacturers are likely to remain in business. Regardless of the economic downturn, the outdoor power equipment industry is expected to continue to grow steadily.
The outdoor power equipment market is highly segmented by technology, application, and geography. Analysis of each segment provides insight into market dynamics and niche pockets of growth. The report also identifies the key drivers and trends driving the outdoor power equipment market. This analysis provides insight into a market’s growth and identifies the target markets. Once this data is compiled, it will be easier for manufacturers to make informed decisions regarding their products and strategies.
The global outdoor power equipment market is expected to grow at a CAGR of 3.6% during the forecast period. Technological advances and the inclination toward automated equipment are also contributing to market growth. The growing number of consumers devoted to DIY gardening activities and the growing interest of homeowners in landscaping and organic gardening is likely to boost sales. A number of key factors are predicted to influence the market growth over the next few years.