Outdoor Power Equipment Industry: Business Strategies, Future Growth Study
Market Analysis Market Research Future (MRFR) predicts the global outdoor power equipment industry to exhibit a 5.22% CAGR from 2018 to 2025 (forecast period). The outdoor power equipment industry is going through a gradual change from manual equipment to technically advanced and automated equipment. One such example is the robotic lawnmower. Worldwide, demand for alternative power sources, connected interfaces, and technology integration in outdoor power equipment is rising at a remarkable rate. As a result, companies are interested in developing fully and semi-autonomous landscaping and lawn equipment for both residential and commercial customers. Rising urbanization, infrastructure activities, and disposable income combined with growing investments from companies are among the factors that are projected to fuel demand for robotic lawn mowers and other advanced outdoor power equipment during the forecast period. Owing to rising environmental issues and the increasing number of st