Dublin, Feb. 19, 2020 (GLOBE NEWSWIRE) -- The "Outdoor Power Equipment - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Outdoor Power Equipment market worldwide is projected to grow by 37.8 Million Units, driven by a compounded growth of 4.3%.

Gas-Fired Outdoor Grills, one of the segments analyzed and sized in this study, displays the potential to grow at over 5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over 39.2 Million Units by the year 2025, Gas-Fired Outdoor Grills will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over 1.4 Million Units to the region's size and clout in the next 5 to 6 years. Over 1.1 Million Units worth of projected demand in the region will come from Rest of Europe markets.

In Japan, Gas-Fired Outdoor Grills will reach a market size of 1.5 Million Units by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.9% over the next couple of years and add approximately 11 Million Units in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.

All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

  • Alamo Group Inc.
  • Blount International Inc.
  • Briggs & Stratton Corporation
  • Castelgarden S.p.A.
  • Deere & Company
  • Emak S.p.A.
  • Husqvarna AB
  • Makita Corporation
  • McCulloch Motors Corporation
  • MTD Products Inc.
  • Robert Bosch GmbH
  • Simplicity Manufacturing Inc.
  • Stanley Black & Decker Inc.
  • STIGA S.p.A.
  • STIHL Holding AG & CO. KG
  • Techtronic Industries Co. Ltd.
  • The Ariens Company
  • The Toro Company

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Outdoor Power Equipment: An Introductory Prelude
  • Recent Market Activity
  • Product Innovations Continue to Redesign the Landscape
  • Stylish & Aesthetic Designs Gain Prominence
  • Steady Growth Projected over the Coming Years for Outdoor Power Equipment
  • Macro Factors Influencing Outdoor Power Equipment Sales: A Review
  • OPE Sector Continues to Make Big Gains in Developed Regions
  • Developing Countries Hold Strong Growth Potential
  • Global Competitor Market Shares
  • Outdoor Power Equipment Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Prevailing Trends in the World Construction Industry Rev Up Opportunities
  • Favorable Demographic & Socio-Economic Scenario Instigates Robust Momentum
  • Rapidly Expanding Urban Territories
  • Rising Living Standards
  • Growing Number of Millionaires & Ultra-High Net Worth Individuals
  • Stable Economic Scenario
  • Smart Technology Makes Inroads
  • Improved Demand for Rechargeable Options and Battery Technology
  • Lithium Ion Technology Meets the Demand for Efficient Battery Powered Tools
  • Cordless Tools Evolve Amid Rising Importance of Li-Ion Technology
  • Multi-Tasking Equipment Gain Prominence
  • Rising Interest in Golf Offers Lucrative Prospects
  • Replacement Market - A Growth Driver
  • Environmental Concerns Pose a Major Challenge

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION
(Total Companies Profiled: 178)

For more information about this report visit https://www.researchandmarkets.com/r/upg76h

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