North America Outdoor Power Equipment Market - Global Trends, Share, Size, Growth, Opportunities and Forecast to 2027

 

The outdoor power equipment market in North America is expected to grow from US$ 11,222.6 Mn in 2019 to US$ 14,671.3 Mn by the year 2027 at a CAGR of 3.5% during the forecast period.

North America Outdoor Power Equipment Market The high per capita income of people in the region is driving widespread infrastructural constructions and upgrades in North America. Initiatives taken by the government in infrastructural developments are enabling huge volumes of construction activities undertaken mainly in the urban areas of the countries. North America Outdoor Power Equipment Market The growth in the construction industry is primarily driven by continuous investments by the private sector in residential and commercial building projects. Furthermore, the demand for housing construction in the US witnesses’ growth due to increasing immigration in the country. Also, the Canadian government plans to invest US$ 6 billion in its social infrastructure by 2020 to offer affordable housing to both lower and middle-class populations of the country by spending on new housing buildings construction. North America Outdoor Power Equipment Market Therefore, rising urbanization is expected to drive the growth of the construction sector in North America.

The willingness of individuals to have luxurious lifestyle is one of the factors responsible for stimulating the growth of the residential sector. Individual houses with lawn or garden areas in the US play a significant role in bolstering the use of different outdoor power equipment. Need among the Americans to have a lawn is rising owing to the increase in the construction of individual houses. Therefore, increasing construction and growing popularity of DIY is increasing the demand for outdoor equipment market in North America. The North America outdoor power equipment market is expected to grow at a good CAGR during the forecast period. Increasing construction activities and technological advancements in the region are expected to support the growth of outdoor power equipment market.

North America Outdoor Power Equipment Strategic Insights

Strategic insights for the North America Outdoor Power Equipment provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. North America Outdoor Power Equipment Market These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. North America Outdoor Power Equipment Market A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. North America Outdoor Power Equipment Market Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/north-america-outdoor-power-equipment-market

North America Outdoor Power Equipment Market

The outdoor power equipment market in North America has experienced significant growth over the years, driven by increasing demand for advanced technological solutions in lawn care, landscaping, and outdoor maintenance. Outdoor power equipment refers to a range of machinery and tools used for maintaining yards, gardens, and outdoor spaces. These products include lawnmowers, chainsaws, snowblowers, trimmers, leaf blowers, and pressure washers, among others.

In this analysis, we will explore the dynamics of the North American outdoor power equipment market, including the key trends, market drivers, challenges, and opportunities for future growth. Additionally, we will provide insights into the key players and regional market segmentation.

Market Overview

North America Outdoor Power Equipment Market North America is one of the largest markets for outdoor power equipment globally. The region includes major markets such as the United States and Canada, which contribute significantly to the growth of the industry. North America Outdoor Power Equipment Market The U.S. dominates the market, accounting for the largest share, owing to its vast consumer base and high demand for landscaping, lawn care, and snow removal products. Canada also presents a growing market for outdoor power equipment due to its harsh winters and increasing adoption of advanced outdoor power tools.

The North American outdoor power equipment market has been segmented into various categories based on product type, end-use application, fuel type, and distribution channel.

𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

ANDREAS STIHL AG & Co. KG

Robert Bosch GmbH.

Deere & Company

Honda Motor Co., Ltd.

Husqvarna AB

Techtronic Industries Co. Ltd.

MTD Products Inc.

The Toro Company

Ariens Company

YAMABIKO Corporation

Market Segmentation

  1. By Product Type:
    • Lawn Mowers: Lawn mowers hold a significant share in the North American outdoor power equipment market, driven by the growing demand for lawn care products. With technological advancements such as robotic mowers, consumers are increasingly opting for automated solutions for their lawns.
    • Trimmers and Edgers: Trimmers and edgers are commonly used for fine-tuning the edges of lawns and gardens. With advancements such as cordless and battery-operated models, these products have become more convenient and efficient.
    • Chainsaws: Chainsaws are essential for both residential and professional use. Their demand is influenced by factors such as landscaping, tree care, and storm cleanup.
    • Snow Removal Equipment: In colder regions, snow removal equipment such as snow blowers and snow plows is in high demand, especially in areas prone to heavy snowfall.
    • Leaf Blowers: Leaf blowers are also a crucial component of lawn and garden maintenance. With the growing preference for cordless electric models, these devices have seen increased adoption.
    • Pressure Washers: Pressure washers are used for cleaning various outdoor surfaces, including patios, driveways, and vehicles.
  2. By Fuel Type:
    • Gas-powered Equipment: Gas-powered outdoor power equipment has traditionally dominated the market due to its power, efficiency, and reliability. However, concerns regarding emissions and environmental impact are prompting manufacturers to shift toward more eco-friendly alternatives.
    • Electric-powered Equipment: Electric-powered equipment, particularly battery-powered models, has gained significant traction in recent years. These models are quieter, emit no pollutants, and are low-maintenance, making them increasingly popular among environmentally conscious consumers.
    • Hybrid Models: Hybrid outdoor power equipment that combines gas and electric power sources is also emerging as a solution to bridge the gap between performance and environmental sustainability.
  3. By End-use Application:
    • Residential: The residential sector constitutes a substantial share of the outdoor power equipment market. Homeowners are increasingly investing in outdoor maintenance tools, driven by the desire to maintain aesthetically pleasing lawns and gardens.
    • Commercial: The commercial segment includes professional landscapers, lawn care companies, and businesses that require regular maintenance of outdoor spaces. This segment is expected to grow due to the increasing demand for high-performance, durable equipment.
    • Government & Institutional: Government entities and institutions also invest in outdoor power equipment for the maintenance of public parks, green spaces, and municipal facilities.
  4. By Distribution Channel:
    • Online Sales: E-commerce has revolutionized the outdoor power equipment market. Consumers can easily compare products, read reviews, and have equipment delivered directly to their homes. Online platforms such as Amazon and Home Depot are major distribution channels for outdoor power equipment.
    • Retail Stores: Traditional brick-and-mortar stores, including large home improvement chains, hardware stores, and specialized dealers, continue to be important for purchasing outdoor power equipment, as they offer the opportunity for hands-on product testing and immediate availability.
    • Rental Services: Equipment rental services are gaining popularity in North America, as businesses and homeowners may not need to purchase expensive equipment outright. This option allows for the temporary use of high-performance tools for specific tasks.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

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