Outdoor Appliances and Power Tools: A Global Strategic Business Report
San Jose, California (PRWEB) February 25, 2015
Follow us on LinkedIn – Outdoor Powered Tools are used for outdoor activity such as garden cleaning, lawn mowing, and wood cutting & trimming among others. The market for powered lawn and gardening products are significantly influenced by social and economic factors such as economic climate, consumer confidence, urbanization trends, demographic profile, type of housing unit and outdoor space area, among others. With modern consumers increasingly reconnecting with the concept of ‘going green’, gardening as an ideal leisure activity has regained focus worldwide. The scenario is resulting in increased demand for outdoor power tools among a growing base of Do-it-yourself (DIY) gardeners. Growth in the market is also driven by factors such as rise in new housing starts, increasing number of single family homes, rebound in home remodeling activity, and consumer enthusiasm for outdoor living. Consumer desire for outdoor living is gaining strength supported by lifestyle upgrades in both developing and developed markets worldwide. Increased indulgence in backyard cooking and garden parties are benefiting demand for lawn and landscaping power tools.
Growing interest in organic foods is compelling consumers to design, build and maintain urban organic backyard farms and vegetable gardens, thus generating demand for outdoor equipment. While the share of gasoline powered outdoor appliances remains relatively stable, corded electric products are losing share to cordless products. Demand for battery powered appliances such as lawn mowers and chainsaws is increasing. Another key trend is the use of lithium-ion batteries in various appliances. Use of lithium ion technology has enabled manufacturers to introduce lighter and more powerful products at competitive prices. Robotic, remote controlled and GPS-guided lawn mowers are expected to witness strong demand in the coming years.
As stated by the new market research report on Outdoor Appliances and Power Tools, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 5.8% over the analysis period, led by strong GDP growth, increasing disposable income, rise in new home constructions, growing interest in outdoor activities and upgrading social lifestyles of the growing base of affluent middle class population.
Major players covered in the report include Alamo Group, Inc., The Ariens Company, Blount International Inc., The Bosch Group, Briggs and Stratton Corporation, Deere and Company, Global Garden Products Group, Husqvarna Group, MTD Products, The Toro Company, STIHL Holding, and Techtronic Industries, among others.
The research report titled “Outdoor Appliances and Power Tools: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for outdoor appliances and power tools market in thousand units for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East and Latin America (Brazil and Rest of Latin America). Key product segments analyzed include Bug Killers, Chain Saws, Hedge Trimmers, Leaf Blowers (Back Pack Leaf Blowers, and Handheld Leaf Blowers), Outdoor Grills, (Charcoal-Fired Outdoor Grills, Electric-Fired Outdoor Grills, And Gas-Fired Outdoor Grills), Walk Behind Power Mowers, Riding Garden Tractors, Riding Mowers & Lawn Tractors (Front Engine, and Rear Engine), Rotary Tillers, Snow Throwers and Trimmers/ Brush Cutters.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
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