In a recent market study published by Fact.MR, the current and future prospects of the Outdoor Power Equipment Market are thoroughly analyzed. Further, the report includes an in-depth analysis of the various factors that are likely to control the growth trajectory of the Outdoor Power Equipment Market in the upcoming years.
In addition, a qualitative and quantitative assessment of the various market segments is enclosed in the report and accurately represented in the form of tables, graphs, and figures.
The report indicates that the Outdoor Power Equipment Market is expected to register a CAGR growth of ~XX% over the forecast period and reach a value of ~US$XX. The report elaborates on the micro and macro-economic factors that are projected to influence the growth of the Outdoor Power Equipment Market in the upcoming years 2018 to 2028.
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Essential Findings of the Report
- Factors that are likely to impede the growth of the Outdoor Power Equipment Market over the forecast period 2018 to 2028
- Competition analysis that provides intricate details related to the business prospects of leading market players
- Major trends influencing the dynamics of the Outdoor Power Equipment Market
- Y-o-Y growth of each market segment
- Pricing strategies of various market players in the Outdoor Power Equipment Market
Important questions pertaining to the Outdoor Power Equipment Market catered to in the report:
- What is the projected revenue generated by some prominent market players in the Outdoor Power Equipment Market?
- What are the prospects of the Outdoor Power Equipment Market in region 1?
- What is the scope for innovation in the Outdoor Power Equipment Market?
- How have government policies impacted the dynamics of the Outdoor Power Equipment Market in various regions?
- Which region has the highest concentration of tier 1 companies?
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Outdoor Power Equipment Market- Battery and Electric Technology Prevailing
The world is moving towards greener technologies. People are switching towards cleaner sources of energy with a view to reduce carbon emissions and facilitate environment safety. Recently, gardeners have become aware of the various benefits offered by electric lawn mowers over their gas-powered or traditional counterparts that contribute to around 5% of the total hydrocarbons in the atmosphere in urban areas. According to a CNBC report, in 2017, air pollution has resulted in more than four million deaths in 2015, half of which were from emerging economies of India and China. This has led to the development of stringent norms and regulations for reducing ill-effects of the emissions on the environment. For instance, the Paris Climate Agreement was initiated in which about 148 countries participated to reduce emissions form their respective regions. With this concern at hand, it becomes imperative for individuals to opt for eco-friendly solutions, which has influenced the adoption of electric lawn mowers during the period of forecast. In addition, albeit their capital intensive nature, reduced fuel consumption offsets the high initial cost of electric lawn mowers, making them a one-time investment for carrying out lawn mowing.
With emission standards getting stronger and consumers getting more environment conscious, a literal shift towards electric and battery powered equipment has been noted. Incorporation battery or electric technology reduces the operational cost of equipment and its weight.
Consumer preferences have also been noted to incline towards quality rather than lower prices. Many manufacturers and dealers agree that stocking up cheap product has been of no help. Most of the equipment in the big boxes today are at throwaway pieces. They are so cheap that consumers don’t expect to fix them. The big boxes may not even have parts available to fix them. A quality product offers more opportunity for future sales as well. If a manufacturer/dealer establishes good customer relationships from the beginning, they will return for maintenance and repair in the future.
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Why Purchase from Fact.MR?
- Data gathered by interviewing product development managers, CEO’s, marketing executives, and other individuals affiliated to the Outdoor Power Equipment market
- Round the clock customer service to address client queries
- Systematic, efficient, and result-oriented approach towards curating market reports
- We offer business intelligence reports for a range of industrial verticals
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This post was originally published on Analytics News