Freedonia Group: Strong Growth Opportunities Expected for Global Power & Lawn Garden Equipment Markets
CLEVELAND, Sept. 24, 2019 /PRNewswire/ --The US and Western Europe will continue to drive expansion in the global power lawn and garden equipment market, which is forecast to grow 2.6% through 2023 to $26.4 billion.
- CLEVELAND, Sept. 24, 2019 /PRNewswire/ --The US and Western Europe will continue to drive expansion in the global power lawn and garden equipment market, which is forecast to grow 2.6% through 2023 to $26.4 billion.
- In particular:
Improvements in power and run times will expand the scope of applications for battery-powered equipment, enabling increased penetration in commercial markets. - In addition, sales will be boosted by rising penetration of robotic mowers, which typically run on battery power.
- Global Power Lawn & Garden Equipment , a new study from The Freedonia Group, analyzes the global power lawn and garden equipment industry, presenting historical demand data (2008, 2013, and 2018) and forecasts for 2023 by product group (lawn mowers, turf & ground mowers, chainsaws, trimmers & edgers, other power lawn & garden equipment, parts & attachments), product type (engine-driven, battery-powered, corded electric), market (residential, commercial), global region (North America, Central & South America, Western Europe, Eastern Europe, Asia/Pacific, Africa/Mideast), and selected major national market.