Outdoor Power Supply Market Analysis
With advancements in technology, the outdoor power supply market is witnessing the development of innovative solutions that offer enhanced
Outdoor power equipment market size crossed USD 34 billion in 2023 and is expected to register over 5.5% CAGR from 2024-2032 owing to the increase in demand for landscape and gardening services worldwide. Who are the key leaders in the outdoor power equipment industry?
The outdoor power equipment market is driven by the rapid growth of construction industry. With global surge in construction activities, outdoor power equipment like landscaping tools, compact utility loaders and portable generators are also increasingly demanded by people.
In addition, changing consumer behavior in its spending power and aesthetic appeal for their gardening space is also expected to boost the market's growth. The North America outdoor power equipment industry accounted for 35.28% of the global overall market share in 2024.
Based on power, the outdoor power equipment market is segmented into electric, and fuel based. The electric segment is anticipated to register a CAGR of over 6.5% from 2024 to 2032.
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