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April 22, 2008
Global Outdoor Appliances & Power Tools Market to Cross the 100-Million Units Mark by 2012, According to New Report by Global Industry Analysts, Inc.
There has been a marked increase in recreational activity, which is in turn driving demand for outdoor appliances & power tools. The global outdoor appliances and power tools market is projected to cross 100 million units by 2012.
San Jose, California (PRWEB) April 21, 2008 -- Outdoor appliances & power tools are mostly used for recreational activities, and the increasing acceptance of gardening for recreational activities is driving demand for outdoor appliances & power tools. Demand for outdoor appliances & power tools market is dependent on the state of the economy, housing starts, weather conditions and increase in gardening activity. Increasing disposable incomes, new housing constructions and leisure activity are expected to drive the market in Asia-Pacific and Latin America.
Asia-Pacific region is expected to be the fastest growing outdoor appliances & power tools market, recording a CAGR of over 5.85% over the period 2000-2010, as stated by Global Industry Analysts, Inc. European outdoor appliances & power tools market is projected to reach 25 million units by the year 2010. Outdoor grills market in the US is estimated at 15.5 million units. Global trimmers/brush cutters market is projected to register a CAGR of close to 4.2% during the period 2000-2010.
Outdoor appliances & power tools have been evolving to cater to the preferences of consumers. New equipment is designed to be environment friendly, with low noise levels. Consumers' preference for easy to use equipment is driving the market for cordless/battery-operated equipment. New lawn mowers, lawn tractors, and other equipments have high quality finish, and also incorporate many consumer-friendly features. The size of the equipment has also been decreasing owing to the fact that the average housing plot has been decreasing in key markets such as United States. In response to the changing fuel inputs for outdoor grills, gas fired grills constitute the majority of grills sold.
The report titled "Outdoor Appliances & Power Tools: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product overview, factors influencing the market, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in volume sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America for the period 2000-2015. Product segments analyzed include Bug Killers, Chain Saws, Hedge Trimmers, Leaf Blowers, Outdoor Grills, Walk Behind Power Mowers, Riding Garden Tractors, Riding Mowers & Lawn Tractors, Rotary Tillers, Snow Throwers and Trimmers/Brush Cutters.
Key players dominating the global outdoor appliances & power tools market include Alamo Group, Black & Decker, Blount International, Bosch Lawn and Garden, Briggs & Stratton, Coleman Company, Deere & Company, Husqvarna AB, Jarden Corporation, Makita, McCulloch Motors, MTD Products, Techtronic Industries and The Toro Company.
For more details about this research report, please visit
http://www.strategyr.com/Outdoor_Appliances_and_Power_Tools_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc. (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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Posted by Industrial-Manufacturing at April 22, 2008 02:08 AM