Outdoor Power Equipment Market – Growth Assessment
The Outdoor Power Equipment Market is forecasted to witness a significant growth over the course of the forecast period according to a newly published report by Fact.MR. The study highlights the critical trends that are likely to mold the growth of the Outdoor Power Equipment Market in the forecast year 2018 to 2028. Further, the report introspects the various factors that are expected to influence the overall dynamics of the Outdoor Power Equipment Market.
The report is an essential tool for stakeholders, upcoming market players, established companies, and investors who are looking to establish a strong presence in the Outdoor Power Equipment Market landscape. A detailed understanding of the raw material suppliers, vendors, manufacturers, and other components of the supply chain is provided in report.
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Key Takeaways from the Report
- Current and future prospects of the Outdoor Power Equipment market in over the forecast period 2018 to 2028
- Opportunity analysis for investors and market players in various regional markets
- Regulatory and government policy framework relevant to the Outdoor Power Equipment Market
- Mergers, acquisitions, collaborations, and partnerships in the Outdoor Power Equipment Market
- Growth potential of the emerging market players in the Outdoor Power Equipment Market
The report caters to the following questions related to the Outdoor Power Equipment Market:
- What is the anticipated value of the Outdoor Power Equipment market in 2029?
- Who are the leading market players in the Outdoor Power Equipment Market in region 1 and region 2?
- Which region is expected to witness the highest growth in terms of value during the forecast period?
- How are market players in the Outdoor Power Equipment Market adjusting to the economic slowdown worldwide?
- Which country in region 3 is expected to have a majority of the market share during the assessment period?
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Outdoor Power Equipment Market- Battery and Electric Technology Prevailing
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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- Data collection strategies are well-defined and highly systematic
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- Customized reports include relevant and insightful data in accord with the client’s requirements
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