Outdoor power equipment market projected to be worth $24.1 billion by 2024

North America to be largest market for outdoor power equipment during forecast period of 2019-2024

PR Newswire

A new market research report "Outdoor Power Equipment Market by Equipment Type (Lawn Mower (Lawn Tractor, Zero-turn, Walk-behind, Robotic), Chainsaw, Trimmer & edger), Application (Commercial, Residential), Power Source (Fuel, Electric), and Geography - Global Forecast to 2024 published by MarketsandMarkets estimates the outdoor power equipment market is estimated to reach $26.1 billion by 2024 from $22.3 billion in 2019, at a CAGR of 3.2 percent.

Outdoor power equipment are essential for basic yard maintenance and offer great aid and convenience in garden maintenance.

North America is expected to dominate the global outdoor power equipment market during the forecast period.

In North America, outdoor power equipment are extensively used for both commercial and residential applications.

The U.S. has a rich culture of gardening and lawn maintenance and is home to major landscaping and turf maintenance service providers. The outdoor power equipment market in the U.Ss is growing at a significant rate as consumers are adopting lawn and garden care equipment as a way to beautify their homes while enhancing their aesthetics. 


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