Asia Pacific Outdoor Power Equipment Market to Grow at a CAGR of 5.1% to reach US$ 7,400.8 million from 2020 to 2027

Asia Pacific 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)

  • Report Code : TIPRE00009818
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 118
Buy Now

The outdoor power equipment market in Asia-Pacific is expected to grow from US$ 5,021.1 Mn in 2019 to US$ 7,400.8 Mn by the year 2027 at a CAGR of 5.1% during the forecast period.

The outdoor power equipment industry comprises tools such as lawnmowers, blowers, tillers and cultivators, chainsaws, trimmers and brush cutters, sprayers, mist dusters, augers, chippers, and others. This equipment are widely used by both residential and commercial customers for applications such as landscaping, gardening, and lawn maintenance. In addition, the growing investments in infrastructure and construction industry are fueling the demand for this 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 Asia-Pacific outdoor power equipment market. The shift of fuel sources from gas to battery-powered is further boosting the growth. A few power sources include a lithium-ion battery, petrol, and diesel. The increasing focus on sustainable environmental growth, rising construction industry, and the growing number of electric-powered equipment are among the key driving factors for the growth of the Asia-Pacific outdoor power equipment market.

Due to rising environmental concerns and the increasing number of stringent government regulations related to carbon emissions, the outdoor power equipment industry is going through a shift from fuel-powered to electric-powered equipment. The trend of electric- and battery-powered equipment is now not only limited to handheld equipment. The ride-on and heavy equipment, such as lawnmowers, are increasingly available in various power source choices such as fuel and battery. One of the major reasons for the growth of battery-powered outdoor equipment is the increasing “capacity to current” ratio of lithium-ion battery cells. Hence, increasing advancements in battery technologies are driving the demand for electric/battery-powered outdoor power equipment.

The Asia-Pacific outdoor power equipment market is expected to grow at a good CAGR during the forecast period. The growing urbanization and increasing construction industry are supporting the increasing demand for the outdoor power equipment market in Asia-Pacific.

Rest of Asia-Pacific Outdoor Power Equipment Market Revenue and Forecasts to 2027 (US$ Mn)

Rest of Asia-Pacific Outdoor Power Equipment Market Revenue and Forecasts to 2027 (US$ Mn)
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Asia-Pacific Outdoor Power Equipment Market–Segmentation

Asia-Pacific Outdoor Power Equipment Market by Equipment Type

  • Lawn Mowers
  • Blowers
  • Tillers and Cultivators
  • Chainsaws
  • Trimmers
  • Hedge Trimmers
  • Sprayers
  • Mist Dusters
  • Others

Asia-Pacific Outdoor Power Equipment Market by Power Source

  • Electric-Powered
  • Fuel-Powered

Asia-Pacific Outdoor Power Equipment Market by Application

  • Commercial
  • Residential

Asia-Pacific Outdoor Power Equipment Market by Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Asia-Pacific Outdoor Power Equipment Market-Companies Mentioned

  • ANDREAS STIHL AG & Co. KG
  • Robert Bosch GmbH.
  • Deere & Company
  • Honda Motor Co., Ltd.
  • Husqvarna AB
  • Techtronic Industries Co. Ltd.
  • MTD Products Inc.
  • The Toro Company
  • Ariens Company
  • YAMABIKO Corporation
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Power Source, Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

1. Introduction. 13

1.1 Study Scope. 13

1.2 The Insight Partners Research Report Guidance. 13

1.3 Market Segmentation. 14

2. Key Takeaways. 16

3. Research Methodology. 21

3.1 Coverage. 22

3.2 Secondary Research. 22

3.3 Primary Research. 23

4. Asia-Pacific Outdoor Power Equipment Market Landscape. 24

4.1 Market Overview. 24

4.2 PEST Analysis. 24

4.2.1 APAC.. 24

4.3 Ecosystem Analysis. 26

4.4 Expert Opinion. 28

5. Asia-Pacific Outdoor Power Equipment Market – Key Market Dynamics. 29

5.1 Market Drivers. 29

5.1.1 Growing urbanization in the emerging economies. 29

5.1.2 Increasing demand for electric equipment 29

5.2 Market Restraints. 30

5.2.1 High costs related to maintenance and repair 30

5.3 Market Opportunities. 30

5.3.1 Growing demand for robotic lawn mowers. 30

5.4 Future Trends. 30

5.4.1 Rising technology integration in outdoor power equipment 30

5.5 Impact Analysis of Drivers And Restraints. 31

6. Asia-Pacific Outdoor Power Equipment –Market Analysis. 32

6.1 Outdoor Power Equipment Market Overview. 32

6.2 Outdoor Power Equipment Market –Revenue and Forecast to 2027 (US$ Mn) 33

7. Asia-Pacific Outdoor Power Equipment Market Analysis – By Equipment Type. 34

7.1 Overview.. 34

7.2 Outdoor Power Equipment Market, By Equipment Type (2019 and 2027) 34

7.3 Lawn Mowers. 35

7.3.1 Overview.. 35

7.3.2 Lawn Mowers: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 35

7.4 Blowers. 37

7.4.1 Overview.. 37

7.4.2 Blowers: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 37

7.5 Tillers and Cultivators. 38

7.5.1 Overview.. 38

7.5.2 Tillers and Cultivators: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 38

7.6 Chainsaws. 39

7.6.1 Overview.. 39

7.6.2 Chainsaws: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 39

7.6.3 Top Handle Chainsaws Market Forecast and Analysis. 40

7.6.3.1 Top Handle Chainsaws: Revenue and Forecast to 2027 (US$ Million) 40

7.6.4 Rear Handle Chainsaws Market Forecast and Analysis. 41

7.6.4.1 Rear Handle Chainsaws: Revenue and Forecast to 2027 (US$ Million) 41

7.7 Trimmers. 42

7.7.1 Overview.. 42

7.7.2 Trimmers: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 42

7.8 Hedge Trimmers. 43

7.8.1 Overview.. 43

7.8.2 Hedge Trimmers: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 43

7.9 Sprayers. 44

7.9.1 Overview.. 44

7.9.2 Sprayers: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 44

7.10 Mist Dusters. 45

7.10.1 Overview.. 45

7.10.2 Mist Dusters: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 45

7.11 Other Equipment Types. 46

7.11.1 Overview.. 46

7.11.2 Other Equipment Types: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 46

8. Asia-Pacific Outdoor Power Equipment Market – By Power Source. 47

8.1 Overview.. 47

8.2 Outdoor Power Equipment Market, by Power Source (2019 and 2027) 47

8.3 Electric-Powered. 48

8.3.1 Overview.. 48

8.3.2 Electric-Powered: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 48

8.4 Fuel-Powered. 50

8.4.1 Overview.. 50

8.4.2 Fuel-Powered: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 50

9. Asia-Pacific Outdoor Power Equipment Market – By Application. 51

9.1 Overview.. 51

9.2 Outdoor Power Equipment Market, by Application (2019 and 2027) 51

9.3 Commercial 52

9.3.1 Overview.. 52

9.3.2 Commercial: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 52

9.4 Residential 53

9.4.1 Overview.. 53

9.4.2 Residential: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 53

10. Asia-Pacific Outdoor Power Equipment Market – Country Analysis. 54

10.1.1 APAC: Outdoor Power Equipment Market, by Key Country. 54

10.1.1.1 Australia: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 55

10.1.1.1.1 Australia: Outdoor Power Equipment Market, by Equipment Type. 55

10.1.1.1.2 Australia: Chainsaw Market, by Type. 56

10.1.1.1.3 Australia: Outdoor Power Equipment Market, by Power Source. 56

10.1.1.1.4 Australia: Outdoor Power Equipment Market, by Application. 57

10.1.1.2 China: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 58

10.1.1.2.1 China: Outdoor Power Equipment Market, by Equipment Type. 58

10.1.1.2.2 China: Chainsaw Market, by Type. 59

10.1.1.2.3 China: Outdoor Power Equipment Market, by Power Source. 59

10.1.1.2.4 China: Outdoor Power Equipment Market, by Application. 60

10.1.1.3 India: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 61

10.1.1.3.1 India: Outdoor Power Equipment Market, by Equipment Type. 62

10.1.1.3.2 India: Chainsaw Market, by Type. 62

10.1.1.3.3 India: Outdoor Power Equipment Market, by Power Source. 63

10.1.1.3.4 India: Outdoor Power Equipment Market, by Application. 63

10.1.1.4 Japan: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 64

10.1.1.4.1 Japan: Outdoor Power Equipment Market, by Equipment Type. 64

10.1.1.4.2 Japan: Chainsaw Market, by Type. 65

10.1.1.4.3 Japan: Outdoor Power Equipment Market, by Power Source. 65

10.1.1.4.4 Japan: Outdoor Power Equipment Market, by Application. 66

10.1.1.5 South Korea: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 67

10.1.1.5.1 South Korea: Outdoor Power Equipment Market, by Equipment Type. 67

10.1.1.5.2 South Korea: Chainsaw Market, by Type. 68

10.1.1.5.3 South Korea: Outdoor Power Equipment Market, by Power Source. 68

10.1.1.5.4 South Korea: Outdoor Power Equipment Market, by Application. 69

10.1.1.6 Rest of APAC: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 70

10.1.1.6.1 Rest of APAC: Outdoor Power Equipment Market, by Equipment Type. 71

10.1.1.6.2 Rest of APAC: Chainsaw Market, by Type. 71

10.1.1.6.3 Rest of APAC: Outdoor Power Equipment Market, by Power Source. 72

10.1.1.6.4 Rest of APAC: Outdoor Power Equipment Market, by Application. 72

11. Industry Landscape. 73

11.1 Overview.. 73

11.2 Market Initiative. 73

11.3 New Product Development 74

11.4 Merger and Acquisition. 75

12. Company Profiles. 76

12.1 Andreas Stihl AG & Co. KG.. 76

12.1.1 Key Facts. 76

12.1.2 Business Description. 76

12.1.3 Products and Services. 76

12.1.4 Financial Overview.. 77

12.1.5 SWOT Analysis. 78

12.1.6 Key Developments. 79

12.2 Ariens Company. 80

12.2.1 Key Facts. 80

12.2.2 Business Description. 80

12.2.3 Products and Services. 80

12.2.4 Financial Overview.. 80

12.2.5 SWOT Analysis. 81

12.2.6 Key Developments. 82

12.3 Robert Bosch GmbH.. 82

12.4 Deere & Company. 89

12.4.1 Key Facts. 89

12.4.2 Business Description. 89

12.4.3 Products and Services. 89

12.4.4 Financial Overview.. 90

12.4.5 SWOT Analysis. 91

12.4.6 Key Developments. 93

12.5 Honda Motor Co., Ltd. 94

12.5.1 Key Facts. 94

12.5.2 Business Description. 94

12.5.3 Products and Services. 94

12.5.4 Financial Overview.. 95

12.5.5 SWOT Analysis. 96

12.5.6 Key Developments. 97

12.6 Husqvarna AB. 98

12.6.1 Key Facts. 98

12.6.2 Business Description. 98

12.6.3 Products and Services. 98

12.6.4 Financial Overview.. 99

12.6.5 SWOT Analysis. 100

12.6.6 Key Developments. 101

12.7 MTD Products Inc. 102

12.7.1 Key Facts. 102

12.7.2 Business Description. 102

12.7.3 Products and Services. 102

12.7.4 Financial Overview.. 102

12.7.5 SWOT Analysis. 103

12.7.6 Key Developments. 104

12.8 Techtronic Industries Co. Ltd. 105

12.8.1 Key Facts. 105

12.8.2 Business Description. 105

12.8.3 Products and Services. 106

12.8.4 Financial Overview.. 106

12.8.5 SWOT Analysis. 108

12.8.6 Key Developments. 109

12.9 The Toro Company. 110

12.9.1 Key Facts. 110

12.9.2 Business Description. 110

12.9.3 Products and Services. 110

12.9.4 Financial Overview.. 111

12.9.5 SWOT Analysis. 112

12.9.6 Key Developments. 113

12.10 YAMABIKO Corporation. 115

12.10.1 Key Facts. 115

12.10.2 Business Description. 115

12.10.3 Products and Services. 115

12.10.4 Financial Overview.. 116

12.10.5 SWOT Analysis. 116

12.10.6 Key Developments. 117

13. Appendix. 118

13.1 About The Insight Partners. 118

13.2 Word Index

LIST OF TABLES

Table 1. Outdoor Power Equipment Market –Revenue and Forecast to 2027 (US$ Mn) 33

Table 2. APAC: Outdoor Power Equipment Market, by Equipment Type – Revenue and Forecast to 2027 (US$ Million) 34

Table 3. APAC: Outdoor Power Equipment Market, by Power Source – Revenue and Forecast to 2027 (US$ Million) 47

Table 4. APAC: Outdoor Power Equipment Market, by Application – Revenue and Forecast to 2027 (US$ Million) 51

Table 5. Australia: Outdoor Power Equipment Market, by Equipment Type – Revenue and Forecast to 2027 (US$ Million) 55

Table 6. Australia: Chainsaw Market, by Type – Revenue and Forecast to 2027 (US$ Million) 56

Table 7. Australia: Outdoor Power Equipment Market, by Power Source – Revenue and Forecast to 2027 (US$ Million) 56

Table 8. Australia: Outdoor Power Equipment Market, by Application – Revenue and Forecast to 2027 (US$ Million) 57

Table 9. China: Outdoor Power Equipment Market, by Equipment Type – Revenue and Forecast to 2027 (US$ Million) 58

Table 10. China: Chainsaw Market, by Type – Revenue and Forecast to 2027 (US$ Million) 59

Table 11. China: Outdoor Power Equipment Market, by Power Source – Revenue and Forecast to 2027 (US$ Million) 59

Table 12. China: Outdoor Power Equipment Market, by Application – Revenue and Forecast to 2027 (US$ Million) 60

Table 13. India: Outdoor Power Equipment Market, by Equipment Type – Revenue and Forecast to 2027 (US$ Million) 62

Table 14. India: Chainsaw Market, by Type – Revenue and Forecast to 2027 (US$ Million) 62

Table 15. India: Outdoor Power Equipment Market, by Power Source – Revenue and Forecast to 2027 (US$ Million) 63

Table 16. India: Outdoor Power Equipment Market, by Application – Revenue and Forecast to 2027 (US$ Million) 63

Table 17. Japan: Outdoor Power Equipment Market, by Equipment Type – Revenue and Forecast to 2027 (US$ Million) 64

Table 18. Japan: Chainsaw Market, by Type – Revenue and Forecast to 2027 (US$ Million) 65

Table 19. Japan: Outdoor Power Equipment Market, by Power Source – Revenue and Forecast to 2027 (US$ Million) 65

Table 20. Japan: Outdoor Power Equipment Market, by Application – Revenue and Forecast to 2027 (US$ Million) 66

Table 21. South Korea: Outdoor Power Equipment Market, by Equipment Type – Revenue and Forecast to 2027 (US$ Million) 67

Table 22. South Korea: Chainsaw Market, by Type – Revenue and Forecast to 2027 (US$ Million) 68

Table 23. South Korea: Outdoor Power Equipment Market, by Power Source – Revenue and Forecast to 2027 (US$ Million) 68

Table 24. South Korea: Outdoor Power Equipment Market, by Application – Revenue and Forecast to 2027 (US$ Million) 69

Table 25. Rest of APAC: Outdoor Power Equipment Market, by Equipment Type – Revenue and Forecast to 2027 (US$ Million) 71

Table 26. Rest of APAC: Chainsaw Market, by Type – Revenue and Forecast to 2027 (US$ Million) 71

Table 27. Rest of APAC: Outdoor Power Equipment Market, by Power Source – Revenue and Forecast to 2027 (US$ Million) 72

Table 28. Rest of APAC: Outdoor Power Equipment Market, by Application – Revenue and Forecast to 2027 (US$ Million) 72

Table 29. List of Abbreviation. 118

LIST OF FIGURES

Figure 1. Asia-Pacific Outdoor Power Equipment Market Segmentation. 14

Figure 2. Asia-Pacific Outdoor Power Equipment Market Segmentation – By Country. 15

Figure 3. Asia-Pacific Outdoor Power Equipment Market Overview. 16

Figure 4. Chainsaws Equipment Type to Show Remarkable Traction During Forecast Period. 17

Figure 5. Electric-Powered Segment to Show Remarkable Growth During Forecast Period. 17

Figure 6. Residential Application to Dominate the Outdoor Power Equipment Market 18

Figure 7. Asia-Pacific Outdoor Power Equipment Market, Industry Landscape. 19

Figure 8. APAC: PEST Analysis. 24

Figure 9. Ecosystem Analysis. 26

Figure 10. Expert Opinion. 28

Figure 11. Asia-Pacific Outdoor Power Equipment Market Impact Analysis of Drivers And Restraints. 31

Figure 12. Asia-Pacific Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Mn) 33

Figure 13. Asia-Pacific Outdoor Power Equipment Market Revenue Share, by Equipment Type (2019 and 2027) 34

Figure 14. Asia-Pacific Lawn Mowers: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 35

Figure 15. Asia-Pacific Blowers: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 37

Figure 16. Asia-Pacific Tillers and Cultivators: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 38

Figure 17. Asia-Pacific Chainsaws: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 39

Figure 18. Asia-Pacific Top Handle Chainsaws: Revenue and Forecast to 2027 (US$ Million) 40

Figure 19. Asia-Pacific Rear Handle Chainsaws: Revenue and Forecast to 2027 (US$ Million) 41

Figure 20. Asia-Pacific Trimmers: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 42

Figure 21. Asia-Pacific Hedge Trimmers: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 43

Figure 22. Asia-Pacific Sprayers: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 44

Figure 23. Asia-Pacific Mist Dusters: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 45

Figure 24. Asia-Pacific Other Equipment Types: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 46

Figure 25. Asia-Pacific Outdoor Power Equipment Market Revenue Share, by Power Source (2019 and 2027) 47

Figure 26. Asia-Pacific Electric-Powered: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 48

Figure 27. Asia-pacific Fuel-Powered: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 50

Figure 28. Asia-Pacific Outdoor Power Equipment Market Revenue Share, by Application (2019 and 2027) 51

Figure 29. Commercial: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 52

Figure 30. Asia-Pacific Residential: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 53

Figure 31. APAC: Outdoor Power Equipment Market Revenue Share, by Key Country (2019 and 2027) 54

Figure 32. Australia: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 55

Figure 33. China: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 58

Figure 34. India: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 61

Figure 35. Japan: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 64

Figure 36. South Korea: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 67

Figure 37. Rest of APAC: Outdoor Power Equipment Market – Revenue and Forecast to 2027 (US$ Million) 70

. 118

The List of Companies - Asia Pacific Outdoor Power Equipment Market

  1. ANDREAS STIHL AG & Co. KG
  2. Robert Bosch GmbH.
  3. Deere & Company
  4. Honda Motor Co., Ltd.
  5. Husqvarna AB
  6. Techtronic Industries Co. Ltd.
  7. MTD Products Inc.
  8. The Toro Company
  9. Ariens Company
  10. YAMABIKO Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Asia Pacific Outdoor Power Equipment Market