North America Outdoor Power Equipment Market to Grow at a CAGR of 3.5% to reach US$ 14,671.3 million from 2020 to 2027

The outdoor power equipment market in North America is expected to grow from US$ 11,222.6 Mn in 2019 to US$ 14,671.3 Mn by the year 2027 at a CAGR of 3.5% during the forecast period.

The high per capita income of people in the region is driving widespread infrastructural constructions and upgrades in North America. Initiatives taken by the government in infrastructural developments are enabling huge volumes of construction activities undertaken mainly in the urban areas of the countries. The growth in the construction industry is primarily driven by continuous investments by the private sector in residential and commercial building projects. Furthermore, the demand for housing construction in the US witnesses’ growth due to increasing immigration in the country. Also, the Canadian government plans to invest US$ 6 billion in its social infrastructure by 2020 to offer affordable housing to both lower and middle-class populations of the country by spending on new housing buildings construction. Therefore, rising urbanization is expected to drive the growth of the construction sector in North America.

The willingness of individuals to have luxurious lifestyle is one of the factors responsible for stimulating the growth of the residential sector. Individual houses with lawn or garden areas in the US play a significant role in bolstering the use of different outdoor power equipment. Need among the Americans to have a lawn is rising owing to the increase in the construction of individual houses. Therefore, increasing construction and growing popularity of DIY is increasing the demand for outdoor equipment market in North America. 

The North America outdoor power equipment market is expected to grow at a good CAGR during the forecast period. Increasing construction activities and technological advancements in the region are expected to support the growth of outdoor power equipment market.

Mexico Outdoor Power Equipment Market Revenue and Forecasts to 2027 (US$ Mn)

North America Outdoor Power Equipment Market–Segmentation

North America Outdoor Power Equipment Market By Equipment Type

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

North America Outdoor Power Equipment Market By Power Source

• Electric-Powered
• Fuel-Powered

North America Outdoor Power Equipment Market By Application

• Commercial
• Residential

North America Outdoor Power Equipment Market By Country

• US
• Canada
• Mexico

North America 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

North America Outdoor Power Equipment Report Scope