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Outdoor Power Equipment To Grow 5.3%
Michael Aistrup Power Systems Research (PSR) projects the global outdoor power equipment market to grow from $34.01 billion in 2021 to $48.91 billion by 2028, a CAGR of 5.34% over the forecast period. The outdoor power equipment market includes consumer and commercial lawn mowers, chain saws, leaf blowers, and other motorized equipment used in the upkeep of lawn and gardens.
Global trends.North America is expected to dominate the market because of the growth of commercial and residential lawns and parks. The market in North America stood at $13.7 billion in 2021 and is expected to gain a huge portion of the global market share.
In Europe, continued automation in the lawn mower segment will increase demand for automated residential lawn mowers.
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2019 GIE+Expo Posts Strong Growth. Battery Technology Continues Hot
GIE+EXPO is the annual gathering for all segments of the outdoor power equipment and lawn and landscape industry. The event is sponsored by the Outdoor Power Equipment Institute, the Professional Grounds Management Society and the National Association of Landscape Professionals.
This year, the show drew more than 26,500 people from around the world. The indoor exhibit floor and the Outdoor Demonstration Area covered 24,000 net sq. ft. more than last year.
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