Outdoor Power Equipment Market- Battery and Electric Technology Prevailing

Posted on 2019-08-13 by Mark Hub in Industrial // 0 Comments

A recent Fact.MR study foretells the outdoor power equipment market to record an expansion at 3.5% CAGR over the forecast period (2018-2028). Outdoor power equipment continues to witness increased traction in tree care segment. However, innovations in battery technology for tree care equipment for better efficiency will gain impressive growth in the global marketplace. Size of the outdoor power equipment market was evaluated at US$ 38.969.5Mn in 2017, according to a new Fact.MR study. Revival construction industry has played a vital role in accelerating the demand for the outdoor power equipment globally. Owing to high population densities, emerging economies like China and India are expected to show some of the highest growth rates in construction over the next decade. The study envisages outdoor power equipment market to record a moderate 3.5% CAGR through 2028.

Outdoor power equipment market is mature and its growth is majorly dependent on factors like population and age distribution, consumption spending, housing and other constructions, geography, along with recreation and leisure activities. Technology, pricing patterns, environmental and regulatory issues, and trade activities also play a role, but more so for producers than the users of equipment. Finally, promotion campaigns and distribution channels exert an influence. The future of the outdoor power equipment market lies with robotics and battery technology. Battery powered equipment is much cleaner and has lower operating costs than equipment that runs on gas. Introduction of battery-powered equipment, both in residential and commercial sectors will drive the sales of the larger equipment, lawn mowers in particular. Demand for robotic lawn mowers will escalate in the coming years owing to their dropping prices, ease of use and improving technology.

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Table of Content

Executive Summary
1.1. Summarizing Key Findings
1.2. Wheel of Fortune
1.3. Opportunity Assessment
1.4. Mega Trends
1.5. Market Taxonomy
Global Outdoor Power Equipment Market Introduction and Key Indicators
2.1. Introduction & Definition
2.2. Supply Chain
2.3. Technology Roadmap
2.4. Investment Feasibility Matrix
2.5. Forecast Scenario
2.6. Forecast Factors
2.7. Product Life Cycle
2.8. Porter’s Analysis
2.9. PEST Analysis
Global Outdoor Power Equipment Market Dynamics
3.1. Drivers
3.2. Trends
3.3. Restraints

To be Continue…

Automatic Lawn Mower to Gain Momentum

The world is moving towards greener technologies. People are switching towards cleaner sources of energy with a view to reduce carbon emissions and facilitate environment safety. Recently, gardeners have become aware of the various benefits offered by electric lawn mowers over their gas-powered or traditional counterparts that contribute to around 5% of the total hydrocarbons in the atmosphere in urban areas. According to a CNBC report, in 2017, air pollution has resulted in more than four million deaths in 2015, half of which were from emerging economies of India and China. This has led to the development of stringent norms and regulations for reducing ill-effects of the emissions on the environment. For instance, the Paris Climate Agreement was initiated in which about 148 countries participated to reduce emissions form their respective regions. With this concern at hand, it becomes imperative for individuals to opt for eco-friendly solutions, which has influenced the adoption of electric lawn mowers during the period of forecast. In addition, albeit their capital intensive nature, reduced fuel consumption offsets the high initial cost of electric lawn mowers, making them a one-time investment for carrying out lawn mowing.

With emission standards getting stronger and consumers getting more environment conscious, a literal shift towards electric and battery powered equipment has been noted. Incorporation battery or electric technology reduces the operational cost of equipment and its weight.

Consumer preferences have also been noted to incline towards quality rather than lower prices. Many manufacturers and dealers agree that stocking up cheap product has been of no help. Most of the equipment in the big boxes today are at throwaway pieces. They are so cheap that consumers don’t expect to fix them. The big boxes may not even have parts available to fix them. A quality product offers more opportunity for future sales as well. If a manufacturer/dealer establishes good customer relationships from the beginning, they will return for maintenance and repair in the future.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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