Outdoor Power Equipment Market Size Worth $34.11Bn, Globally, by 2027 at 3.8% CAGR with Commercial Segment Driving Growth During 2020–2027 | The Insight Partners

 https://www.globenewswire.com/news-release/2023/07/13/2704416/0/en/Outdoor-Power-Equipment-Market-Size-Worth-34-11Bn-Globally-by-2027-at-3-8-CAGR-with-Commercial-Segment-Driving-Growth-During-2020-2027-The-Insight-Partners.html

North America outdoor power equipment market was valued at USD 11.22 billion in 2019 and is projected to reach USD 14.67 billion by 2027; it is expected to grow at a CAGR of 3.5% during the 2020-2027, due to Increasing demand for robotic lawn mowers and Rising technology integration in outdoor power equipment.

Pune, India, July 13, 2023 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “Outdoor Power Equipment Market Size Report, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2027 - COVID-19 Impact and by Equipment Type, Power Source, Application, and Geography”, the Outdoor Power Equipment market was valued at USD 25.55 Bn in 2019 and is expected to grow at a CAGR of 3.8% from 2020 to 2027 to reach USD 34.11 Bn by 2027. The rising need for advanced technology and automated outdoor products, and growing interest among individuals towards gardening and horticulture. However, the huge maintenance cost is expected hinder the growth of the market.