August 05, 2022 08:30 ET | Source: Allied Market Research Allied Market Research
Portland, OR, Aug. 05, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global outdoor power equipment market accrued earnings worth $24.4 billion in 2021, and is predicted to hit $41.1 billion by 2031, registering a CAGR of 5.4% from 2022 to 2031. The market research study provides a detailed analysis of oscillating market trends, top-most segments, value chain analysis, major investment business scenarios, regional space, and competitive landscape. The study is a key information source for giant players, entrepreneurs, shareholders, and owners in generating new strategies for the future and taking steps to improve their market position. The report displays an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly emerging industry.
Get detailed COVID-19 Impact Analysis on the Outdoor Power Equipment Market: https://www.alliedmarketresearch.com/request-for-customization/10404?reqfor=covid
The report offers detailed segmentation of the global outdoor power equipment market based on type, power source, functionality, application, and region. It provides an in-depth analysis of every segment and sub-segment in tables and figures through which consumers can derive a conclusion about market trends and insights. The market report analysis aids organizations, investors, and entrepreneurs in understanding which sub-segments are to be tapped for achieving huge growth in the years ahead.
Based on type, the lawn mowers segment contributed the largest market share in 2021, accounting for more than one-fourth of the overall share of the global outdoor power equipment market. Moreover, this segment is predicted to retain its dominant status during the forecast timespan. The report also provides an overall analysis of segments such as saws, trimmers and edgers, blowers, snow throwers, tillers and cultivators, and others.
Based on power source, the fuel powered segment held the largest share in 2021, contributing more than three-fourths of the overall share of the global outdoor power equipment market. Moreover, this segment is predicted to contribute the highest market share by 2031. However, the electric powered segment is also anticipated to record the fastest growth with CAGR of about 5.9% during the forecast timespan.
Download Report Sample (305 Pages PDF with Insights) at https://www.alliedmarketresearch.com/request-sample/10404
Based on the application, the residential segment held the largest share in 2021, contributing nearly four-fifths of the overall share of the global outdoor power equipment market. Moreover, this segment is predicted to contribute the highest market share by 2031. However, the commercial segment is also anticipated to record the fastest growth with CAGR of nearly 6.0% during the forecast timespan.
Based on the functionality, the conventional segment held the largest share in 2021, contributing nearly two-thirds of the overall share of the global outdoor power equipment market. Moreover, this segment is predicted to contribute the highest market share by 2031. However, the connected/smart segment is set to register the highest growth with CAGR of nearly 5.9% during the forecast timeline.
If you have any questions please feel free to contact our analyst at: https://www.alliedmarketresearch.com/connect-to-analyst/10404
Based on region, North America contributed toward the highest market share in 2021, accounting for more than two-fifths of the global outdoor power equipment market. The region is predicted to contribute majorly toward the global market share in 2031. Moreover, the Asia-Pacific outdoor power equipment market is slated to record the highest CAGR of 7.0% during the forecast timeline. The research also analyzes regions including LAMEA and Europe.
Leading players in the global outdoor power equipment market analyzed in the research are Cub Cadet, McLane, , Kipor Power, American Lawn Mower, Husqvarna, Troy Blit LLC, MTD, Oregon, Snow Joe, Briggs & Stratton, TTI, Craftsman, Worx, Bosch, Honda, Champion Power Equipment, and The Toro Company.
The report evaluates these major participants in the global outdoor power equipment industry. These participants have executed a spectrum of key business strategies such as the expansion of regional and customer base, product development, strategic collaborations, and joint ventures for expanding product lines in the global markets and extending the global market growth. The market research report aids the performance monitoring of each segment, positioning of each product in respective segments, and impact of new technology and product launches on the overall market size.
>> LIMITED-TIME OFFER << Buy Now & Get Exclusive Discount on this Premium Report
Licence Type: Single User + Covid Impact
Licence Type: Five User License
Licence Type: Enterprise User License
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:
https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenueTrial
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow us on | Facebook | Twitter | LinkedIn