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Global Powered Outdoor Equipment Market to Reach 136.6 Million Units by 2026

·6 min read

SAN FRANCISCO, May 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Powered Outdoor Equipment - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Powered Outdoor Equipment Market
Global Powered Outdoor Equipment Market

FACTS AT A GLANCE
Edition: 16; Released: February 2021
Executive Engagements: 8500
Companies: 248– Players covered include Alamo Group, Inc.; Andreas Stihl AG & Co.; Blount International, Inc.; Briggs & Stratton Corporation; Simplicity Manufacturing, Inc.; Deere & Company; Emak S.p.A; Husqvarna AB; McCulloch Motors Corporation; Makita Corporation; MTD Products, Inc.; Robert Bosch GmbH; Stanley Black & Decker, Inc.; STIGA S.p.A.; Castelgarden S.p.A.; Techtronic Industries Co. Ltd.; The Ariens Company; The Toro Company and Others.
Coverage: All major geographies and key segments
Segments: Product Segment (Gas-Fired Outdoor Grills, Walk Behind Power Mowers, Trimmers/Brush Cutters, Charcoal-Fired Outdoor Grills, Chain Saws, Handheld Leaf Blowers, Front Engine Riding Mowers & Lawn Tractors, Bug Killers, Other Product Segments)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global Powered Outdoor Equipment Market to Reach 136.6 Million Units by 2026
Powered Outdoor Equipment (POE) or outdoor power equipment are tools that are powered by engine and are used for outdoor activities such as garden cleaning, snow clearing, whirling up soil to facilitate drainage, aeration and growing plants, lawn mowing, and wood cutting and trimming among others. Amid the COVID-19 crisis, the global market for Powered Outdoor Equipment estimated at 108 Million Units in the year 2020, is projected to reach a revised size of 136.6 Million Units by 2026, growing at a CAGR of 4.1% over the analysis period. Gas-Fired Outdoor Grills, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach 36.7 Million Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Walk Behind Power Mowers segment is readjusted to a revised 4.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at 44 Million Units in 2021, While China is Forecast to Reach 14.6 Million Units by 2026
The Powered Outdoor Equipment market in the U.S. is estimated at 44 Million Units in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 14.6 Million Units by the year 2026 trailing a CAGR of 5.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR. . Growing importance of gardening as a recreational activity or hobby, zeal to develop gardens in homes, as well as the desire to enhance aesthetics through beautiful and properly maintained lawns and gardens continue to support the purchase of new outdoor appliances. In addition, the convenience of utilizing backyard gardens as the perfect option for hosting barbeque parties, camping and a relaxation center is fueling interest in garden maintenance and upgrade.

Trimmers/Brush Cutters Segment to Reach 19 Million Units by 2026
Trimmers are generally used in lawns and gardens to cut grass weeds, or woody material. Trimmers enable easy handling and precise action, where mowers cannot be reached. Applications include cutting and edging around walkways, driveways, and plant beds; and trimming off-the ground plants, such as hedges, bushes & shrubs. Brush cutters are also referred as power edgers and comprise metal blade in place of nylon string to handle strong and rough tasks such as cutting thick woody weeds and brush. In the global Trimmers/Brush Cutters segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of 12.4 Million Units in the year 2020 will reach a projected size of 16.5 Million Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 2.2 Million Units by the year 2026, while Latin America will expand at a 3.2% CAGR through the analysis period. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
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Director, Corporate Communications
Global Industry Analysts, Inc.
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SOURCE Global Industry Analysts, Inc.

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    (Bloomberg) -- Beijing threw the spotlight on trade tensions with its top commodities supplier, Australia, after the government’s economic planning agency said it’s looking to diversify China’s supply of iron ore.Chinese firms should boost domestic exploration for the steel-making input, widen their sources of imports, and explore overseas ore resources, the National Development and Reform Commission said at its monthly briefing.The NDRC also said Australia should stop damaging economic and trade cooperation with China and take measures to promote the healthy development of bilateral ties.Iron ore is Australia’s biggest export earner, and relations with Canberra have taken a turn for the worse in recent weeks. But adding the mineral to a raft of curbs already in place on Australian commodities would be a risky move given near-record prices and China’s dependence on Australia’s high-quality supply for about two-thirds of its imports.“While an outright ban would be almost unimaginable, various forms of restrictions, delays or increased administrative burdens on Australian iron ore imports could yet happen,” Wood Mackenzie said in a recent note.Chinese industrial commodities prices powered on, meanwhile, recovering much of their poise after last week’s pullback.Citigroup said further gains for markets like steel, aluminum and coal are supported by solid demand and a policy agenda that includes “domestic production crackdowns for environmental, energy and safety control purposes,” according to a note from the bank.At the same time, an acceleration in credit tightening is unlikely in the foreseeable future after the central bank expressed only limited concern about the surge in commodities prices feeding through into CPI, Citigroup said.Otherwise, the day’s agenda is led by China’s agricultural imports for April. Purchases of corn, wheat and sorghum are likely to stay elevated, as China’s buying binge continues to help fuel a global grains rally.Events Today(All times Beijing unless noted otherwise.)China’s 2nd batch of April trade data, incl. agricultural imports; LNG & pipeline gas imports; oil products trade breakdown; alumina and rare-earth product exports; bauxite, steel & aluminum product importsLONGi Green, Goldwind execs among speakers at Macquarie Group conference in Hong KongEARNINGS: Daqo New EnergyToday’s ChartChina’s data dump for April suggests the economy’s expansion may have plateaued as policy makers seek to rein in commodities-intensive spending on real estate and infrastructure before new growth drivers of consumer spending and manufacturing investment have recovered.On the WireShaanxi province, China’s third-biggest coal producing region, hit a clean energy milestone last month when generation from renewables briefly topped thermal power for the first time.In a town on the edge of the Gobi desert is a sign in English and Chinese that reads “Oil Holy Land.” Nearby, a preserved drilling rig marks the spot of China’s first commercial oil well.JinkoSolar Announces Change to Senior ManagementChina Is Drafting Carbon Peaking Plans for Steel, Power SectorsAsian Copper Stocks Rise on Top Producer Chile’s Election ResultHuadian Power Downgraded to Sell by Citi on Rising Coal CostsBank of China, Citigroup, BNP Lead Green Bond Offshore MarketCGN Wind Energy Adds Zhejiang Province’s Largest Offshore FarmGCL-Poly Energy Says Deloitte Touche Tohmatsu Resigns as AuditorBrazil Iron Ore Miners Seen Lifting Output Coming Months: IbramChina’s Tapering of Monetary Stimulus Could Pop Oil Price BubbleThe Week AheadWednesday, May 19China’s monthly loan primes rates, 09:30China’s April output data for base metals and oil productsHOLIDAY: Hong KongThursday, May 20China’s 3rd batch of April trade data, including country breakdowns for energy and commoditiesSMM battery materials conference in Changsha, Hunan, day 1USDA weekly crop export sales, 08:30 ESTFriday, May 21Ganfeng Lithium, EVE Energy, Huayou Cobalt execs among speakers at Macquarie Group conference in Hong KongChina weekly iron ore port stockpilesShanghai exchange weekly commodities inventory, 15:30SMM battery materials conference in Changsha, Hunan, day 2AGMs: Cnooc, Tianqi Lithium, CATLMore stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Crypto Funds Hit by Redemptions as Investors Retreat From Bitcoin

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