"Outdoor Equipment Market To Reach $52.37B With 6% CAGR By 2032"

In 2022, outdoor power equipment's global market was worth $31 billion, and it's expected to reach $52.37 billion by 2032. The market is predicted to experience a 6% yearly revenue growth rate. Increased demand for landscaping services and the rising recognition of green spaces in urban and suburban areas are contributing to the market's growth.

More people are living in cities, which means more people want landscaping services. This means more demand for outdoor power equipment. People who have more money also want these services.

More green spaces in cities and suburbs mean more demand for outdoor power equipment. People understand the benefits of green spaces now and are making more of them. This means they need tools like lawn mowers, chainsaws, and leaf blowers more than ever before.

The market will grow because people want cordless outdoor power equipment. This type of equipment is easier to use because it uses lithium-ion batteries. It's better than gasoline equipment. Cordless equipment is also good for the environment. This is important because people care more about sustainability now.

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The need for outdoor power equipment with lesser emissions and noise levels is growing. The government is implementing regulations to address environmental concerns. This leads to the development of eco-friendly tools. The market for these tools is expected to grow more.

The price of outdoor power equipment might stop the market from growing in countries without much money.

The outdoor power equipment market got hit by COVID-19. Manufacturing and distribution went slow because of factory closures and global supply chain problems. Fewer people buying due to economic challenges led to decreased demand for outdoor equipment.

Energy Star program sets standards for landscaping equipment. US government has minimum energy efficiency standards for outdoor power equipment. California has regulations for energy efficiency in outdoor power equipment. Equipment in commercial applications also has standards set by the US Department of Energy. Energy efficiency standards are also established for outdoor power equipment in commercial buildings.

The top product type is lawn mowers. Lawn mowers keep gardens and lawns in good shape, and people like them because gardening and landscaping are popular. Smart lawn mowers with cool features have changed lawn care too.

The part of the market for trimmers & edgers is the fastest growing. This is because people want precise trimming and edging at home and work. Cordless and battery-powered tools have made it easier to use and expand the market.

People need tools to clean outdoor spaces. They want to remove waste and leaves. The blower category is growing. This is because people need efficient tools. The blowers come in gas-powered, battery-powered, and corded-electric options. They meet different user needs.

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