The outdoor power equipment market in Europe is expected to grow from US$ 6,869.1 Mn in 2019 to US$ 8,684.7 Mn by the year 2027 at a CAGR of 3.1% during the forecast period.
The European construction sector witnessed a decent growth rate in recent time after experiencing a downturn in the last few years. The construction industry contributes nearly 10% of GDP in the region. The most flourishing sector accounted for residential areas, which is influentially growing to attribute to the demographic trends, increased per capita income, and low mortgage rates. European countries such as Germany, Ireland, France, and the UK are experiencing high growth in their construction sector. Governments of various countries are undertaking initiatives with a motive to support the construction industry. The growth in the construction of residential as well as commercial buildings is anticipated to provide prosperous opportunities to the market to grow in the region; thus, positively impacting the outdoor power equipment market.
The do-it-yourself (DIY) gardening trend is one of the major drivers for the growth of the European, outdoor power equipment market. In addition, the growing investments in infrastructure and construction industry are fuelling the demand for 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 European, outdoor power equipment market.
The European outdoor power equipment market is expected to grow at a good CAGR during the forecast period. The growing construction industry is supporting the increasing demand for the outdoor power equipment market in Europe.
Europe Outdoor Power Equipment Market–Segmentation
Europe Outdoor Power Equipment Market By Equipment Type
Europe Outdoor Power Equipment Market By Power Source
Europe Outdoor Power Equipment Market by Application
Europe Outdoor Power Equipment Market by Country
Europe Outdoor Power Equipment Market-Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 6,869.1 Million |
| Market Size by 2027 | US$ 8,684.7 Million |
| CAGR (2019 - 2027) | 3.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Outdoor Power Equipment Market is valued at US$ 6,869.1 Million in 2019, it is projected to reach US$ 8,684.7 Million by 2027.
As per our report Europe Outdoor Power Equipment Market, the market size is valued at US$ 6,869.1 Million in 2019, projecting it to reach US$ 8,684.7 Million by 2027. This translates to a CAGR of approximately 3.1% during the forecast period.
The Europe 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 Europe Outdoor Power Equipment Market report:
The Europe Outdoor Power Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Outdoor Power Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Outdoor Power Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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