Demand for Greenery is Propelling Growth in Outdoor Power Equipment Market

24 June 2021

Most households in developing countries are likely to spend heavily in the outdoor power equipment market. The leading vendors offer solutions that can accelerate the services of their company, along with the integration of digitalization in their business segments. The need for lawn beautification is the major factor driving the growth of the outdoor power equipment market. Increasing government spending on the development of infrastructure in various application areas such as public spaces, and green spaces, is also expected to bolster the demand for garden equipment in the coming years. The increase in the use of garden tools is surging the need for garden equipment batteries in the global market.

With the implementation of various advanced technology, landscape equipment vendors are witnessing an increase in their production output. Favorable fixed investments are expected to have a positive impact on the demand for garden care equipment. Preference for automated equipment or technically advanced equipment or tools is expected to open various avenues for the manufacturers thereby, fueling the demand for the garden equipment battery market. At present, battery technology has witnessed a rise as they offer similar performance as that of corded tools. Modern-day Li-ion batteries offer power for extended periods of time and can be recharged quickly, making them worth an investment.

Read: Garden Equipment Battery Market Global Outlook and Forecast 2020-2025

Consumers are Preferring the Usage of Eco-Friendly Products

In recent years, sustainable ways of reducing environmental impact and CO2 emissions are gaining traction. The awareness about global warming and fuel emissions is leading to the adoption of eco-friendly products across the globe. One of the most important priorities for manufacturers is user comfort outdoor power equipment. Hence, they ensure that their products are compact and lightweight which enables users to conveniently complete their work. Several government entities are implementing measures such as offering promotional incentives and rebates in order to reduce air pollution and opt for electric outdoor power equipment. For instance, Husqvarna offers cordless equipment that caters to changing styles and preferences for professionals.

The increasing number of golf courses are propelling the demand for outdoor power equipment. Golf, as a sport is expected to operate on a wider scale. This is attributed to the fact that there are nearly 80 million golfers across the world, who play on approximately 39,000 courses across the different regions in the world. Golf courses are considered to be valuable assets for different communities for greener spaces, economic vigor, and various recreational activities as well. In APAC, the legacy of colonial administration, along with the changing lifestyles, golf was reserved only for the elite. However, with time these have been made accessible to the public hence, contributing to golf tourism over the years.

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Strategies Adopted by Top Players

The players in the outdoor power equipment are setting up certain goals to achieve productivity and efficient usage of capital resources. Players in the market are creating awareness and driving sales through a combination of direct advertising, niche targeting, trade shows, and holistic marketing. Manufacturers also focus on the efficient ways of developing, manufacturing, and marketing new products, and catering to different needs and customer requirements. One of the top players, Husqvarna Group is a Swedish company, founded in 1689. The company is one of the leading producers of outdoor power tools for garden care, construction segment, forest care, and watering products.

Trojan Battery Sales offers a varied range of chargers and accessories, and battery products to support the different battery-powered application segments such as floor machines, automotive, industrial, golf cars, motorcycle, marine/RV, renewable energy, mobility, as well as utility vehicles. Trojan Battery emphasizes on developing innovative environment-friendly energy storage solutions, which cater to the changing consumer needs and requirements.

Read: Global Commercial Lawn Mower Market – Comprehensive Study and Strategic Analysis 2020−2025

FAQs about the Global Garden Equipment Battery Market:

Q. What is the market size of the garden equipment battery?

A. The global garden equipment battery market to cross around USD 8.9 billion by 2025.

Q. What is the market growth of garden equipment batteries?

A. The global garden equipment battery market is projected to grow at a CAGR of around 8% during the forecast period.

Q. What is the market segmentation of the garden equipment battery?

A. The global garden equipment battery market is segmented by products, power sources, battery, end-users, and geography.

Q. What is the market insight of the garden equipment battery?

A. The garden equipment battery market players are expected to continue innovations and upgrades in the garden equipment battery domain.

Q. What are the major regions in the garden equipment battery?

A. The leading regions in the global garden equipment battery market include Europe, North America, APAC, Latin America, and Middle East & Africa.

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