The outdoor power equipment market in Asia-Pacific is expected to grow from US$ 5,021.1 Mn in 2019 to US$ 7,400.8 Mn by the year 2027 at a CAGR of 5.1% during the forecast period.
The outdoor power equipment industry comprises tools such as lawnmowers, blowers, tillers and cultivators, chainsaws, trimmers and brush cutters, sprayers, mist dusters, augers, chippers, and others. This equipment are widely used by both residential and commercial customers for applications such as landscaping, gardening, and lawn maintenance. In addition, the growing investments in infrastructure and construction industry are fueling the demand for this equipment in the commercial sector. The landscaping industry includes landscape architecture, landscape planning, and construction, as well as maintenance. The growth of the global landscaping industry is driven by new infrastructure projects, as well as the maintenance and improvement of existing properties. Commercial products and battery-powered equipment are the two fastest-growing categories in the Asia-Pacific outdoor power equipment market. The shift of fuel sources from gas to battery-powered is further boosting the growth. A few power sources include a lithium-ion battery, petrol, and diesel. The increasing focus on sustainable environmental growth, rising construction industry, and the growing number of electric-powered equipment are among the key driving factors for the growth of the Asia-Pacific outdoor power equipment market.
Due to rising environmental concerns and the increasing number of stringent government regulations related to carbon emissions, the outdoor power equipment industry is going through a shift from fuel-powered to electric-powered equipment. The trend of electric- and battery-powered equipment is now not only limited to handheld equipment. The ride-on and heavy equipment, such as lawnmowers, are increasingly available in various power source choices such as fuel and battery. One of the major reasons for the growth of battery-powered outdoor equipment is the increasing “capacity to current” ratio of lithium-ion battery cells. Hence, increasing advancements in battery technologies are driving the demand for electric/battery-powered outdoor power equipment.
The Asia-Pacific outdoor power equipment market is expected to grow at a good CAGR during the forecast period. The growing urbanization and increasing construction industry are supporting the increasing demand for the outdoor power equipment market in Asia-Pacific.
Asia-Pacific Outdoor Power Equipment Market–Segmentation
Asia-Pacific Outdoor Power Equipment Market by Equipment Type
Asia-Pacific Outdoor Power Equipment Market by Power Source
Asia-Pacific Outdoor Power Equipment Market by Application
Asia-Pacific Outdoor Power Equipment Market by Country
Asia-Pacific Outdoor Power Equipment Market-Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 5,021.1 Million |
| Market Size by 2027 | US$ 7,400.8 Million |
| CAGR (2019 - 2027) | 5.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Outdoor Power Equipment Market is valued at US$ 5,021.1 Million in 2019, it is projected to reach US$ 7,400.8 Million by 2027.
As per our report Asia Pacific Outdoor Power Equipment Market, the market size is valued at US$ 5,021.1 Million in 2019, projecting it to reach US$ 7,400.8 Million by 2027. This translates to a CAGR of approximately 5.1% during the forecast period.
The Asia Pacific Outdoor Power Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Outdoor Power Equipment Market report:
The Asia Pacific Outdoor Power Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Outdoor Power Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Outdoor Power Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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