The Global Outdoor Power Equipment Market
The market for outdoor power equipment is segmented into two types: residential and commercial. The direct purchase sales channel holds 90.6% of the market share and is composed of leading regional stores. E-commerce sales are also on the rise, with the impact of COVID-19 fueling their growth. Commercial users are the largest segment, accounting for over 40% of the market. The residential market, however, is the fastest growing segment, with an expected growth rate of 10.6% over the next five years. Demand for Lawn Mowers The COVID-19 pandemic has severely affected the commercial lawn mower industry. This disease has affected the global economy and the lives of individuals, causing a lock-down of lawn mower components. Consequently, the demand for lawn mowers fell as a result. The global economy is expected…