Europe Outdoor Power Equipment Market Segments and Growth by 2027
Europe Outdoor Power Equipment Market to 2027 - Regional Analysis and Forecasts by Type (Lawn Mowers, Blowers, Tillers & Cultivators, Chainsaws, Trimmers, Hedge Trimmers, Sprayers, Mist Dusters, and Others); Power Source (Electric-Powered and Fuel-Powered); Application (Commercial and Residential)
- Status : Published
- Report Code : TIPRE00009828
- Category : Electronics and Semiconductor
- No. of Pages : 118
- Available Report Formats :
- Last update date : March 29, 2020
2019 Market Size
US$ 6,869.1 Mn
Base year value
2027 Forecast
US$ 8,684.7 Mn
Projected by 2027
CAGR 2020-2027
3.1 %
Growth rate
Addressable Market
US$ 63,199.82 Mn
(2020-2027)
The outdoor power equipment market in Europe is expected to grow from US$ 6,869.1 Mn in 2019 to US$ 8,684.7 Mn by the year 2027 at a CAGR of 3.1% during the forecast period.
The European construction sector witnessed a decent growth rate in recent time after experiencing a downturn in the last few years. The construction industry contributes nearly 10% of GDP in the region. The most flourishing sector accounted for residential areas, which is influentially growing to attribute to the demographic trends, increased per capita income, and low mortgage rates. European countries such as Germany, Ireland, France, and the UK are experiencing high growth in their construction sector. Governments of various countries are undertaking initiatives with a motive to support the construction industry. The growth in the construction of residential as well as commercial buildings is anticipated to provide prosperous opportunities to the market to grow in the region; thus, positively impacting the outdoor power equipment market.
The do-it-yourself (DIY) gardening trend is one of the major drivers for the growth of the European, outdoor power equipment market. In addition, the growing investments in infrastructure and construction industry are fuelling the demand for equipment in the commercial sector. The landscaping industry includes landscape architecture, landscape planning, and construction, as well as maintenance. The growth of the global landscaping industry is driven by new infrastructure projects, as well as the maintenance and improvement of existing properties. Commercial products and battery-powered equipment are the two fastest-growing categories in the European, outdoor power equipment market.
The European outdoor power equipment market is expected to grow at a good CAGR during the forecast period. The growing construction industry is supporting the increasing demand for the outdoor power equipment market in Europe.
Rest of Europe Outdoor Power Equipment Market Revenue and Forecasts to 2027 (US$ Mn)
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Europe Outdoor Power Equipment Market–Segmentation
Europe Outdoor Power Equipment Market By Equipment Type
- Lawn Mowers
- Blowers
- Tillers and Cultivators
- Chainsaws
- Trimmers
- Hedge Trimmers
- Sprayers
- Mist Dusters
- Others
Europe Outdoor Power Equipment Market By Power Source
- Electric-Powered
- Fuel-Powered
Europe Outdoor Power Equipment Market by Application
- Commercial
- Residential
Europe Outdoor Power Equipment Market by Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Outdoor Power Equipment Market-Companies Mentioned
- ANDREAS STIHL AG & Co. KG.
- Deere & Company
- Honda Motor Co., Ltd.
- Husqvarna AB
- Techtronic Industries Co. Ltd.
- MTD Products Inc.
- STIGA S.p.A.
- The Toro Company
- Ariens Company
- YAMABIKO Corporation
Europe Outdoor Power Equipment Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 6,869.1 Million |
| Market Size by 2027 | US$ 8,684.7 Million |
| CAGR (2019 - 2027) | 3.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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