Product Code: PM1755
Title:
Outdoor Power Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment [Mowers (Riding, Non-riding), Trimmers & Edgers, Blowers (Backpack, Handheld), Tillers & Cultivators, Snow Throwers, Others]; By Power Source (Fuel Powered, Electric Powered); By Regions; Segment Forecast, 2020 - 2027.
The global outdoor power equipment market size is expected to reach USD 28.96 billion by 2027 according to a new study by Polaris Market Research. The report "Outdoor Power Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment [Mowers (Riding, Non-riding), Trimmers & Edgers, Blowers (Backpack, Handheld), Tillers & Cultivators, Snow Throwers, Others]; By Power Source (Fuel Powered, Electric Powered); By Regions; Segment Forecast, 2020 - 2027" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Sub-urban and traditional housing infrastructure in developed economies has backyard and front yard gardens or open house spaces devoted for recreational purposes, such as playing, relaxing, and, cooking or grilling). As a result, the demand for outdoor power equipment is expected to witness growth in North America and Europe. The purchase decision in the market is influenced by technology, ease of use, and cost of equipment for both residential and commercial customers. The normal equipment is costly for the common person and it is often found that the product is leased for special outdoor events.
Increasing demand for electric-powered garden equipment is expected to drive the demand for the outdoor power equipment market over the forecast period. In addition, the increasing consumers' need for beautifying their gardens, the demand for equipment such as a chainsaw, lawnmowers, trimmers, and blowers among others is expected to witness high demand. As a result, the outdoor power equipment market is expected to witness substantial growth.
Market participants such as Briggs & Stratton Corp., Ariens Company, Stanley Black & Decker, Inc., AL-KO KOBER GROUP, Husqvarna AB, Schiller Ground Care, Yamabiko Corp, Techtronic Industries Company Ltd, Emak S.p.A., Honda Motor Company, Ltd., Excel Industries, Inc., CHERVON (China) Trading Co., Ltd., Andreas Stihl AG & Company KG, MTD Holdings Inc., and Makita Corp. are some of the key players operating in the global market. The players in the market are implementing new initiatives to stay competitive. For instance, in July 2020, Husqvarna introduced Husqvarna Connect App in Canada. This new App is will connect its customers to provide information about the product's specifications, parts, maintenance requirements, and operators manual.
Polaris Market Research has segmented the outdoor power equipment market report on the basis of equipment, power source, and region
Outdoor Power Equipment, By Equipment Outlook (Revenue - USD Million, 2016 - 2027)
Mowers
Riding
Non-riding
Saws
Trimmers & Edgers
Blowers
Backpack Blowers
Handheld Blowers
Tillers & Cultivators
Snow Throwers
Others
Outdoor Power Equipment, By Power Source Outlook (Revenue - USD Million, 2016 - 2027)
Fuel-Powered
Electric-Powered
Outdoor Power Equipment Regional Outlook (Revenue - USD Million, 2016 - 2027)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Russia
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Central & South America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Outdoor Power Equipment Market Insights
- 4.1. Outdoor Power Equipment - Industry snapshot
- 4.2. Outdoor Power Equipment Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Smart city projects in urban areas
- 4.2.1.2. Urbanization
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High acquisition costs
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Outdoor Power Equipment Industry Trends
5. Outdoor Power Equipment Market Assessment by Equipment
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 5.3. Mowers
- 5.3.1. Global Outdoor Power Equipment Market, by Mowers, by Region, 2016 - 2027 (USD Million)
- 5.3.2. Riding Mowers
- 5.3.2.1. Riding Mowers Market, by Region, 2016 - 2027 (USD Million)
- 5.3.3. Non-riding Mowers
- 5.3.3.1. Non-riding Mowers Market, by Region, 2016 - 2027 (USD Million)
- 5.4. Blowers
- 5.4.1. Global Outdoor Power Equipment Market, by Blowers, by Region, 2016 - 2027 (USD Million)
- 5.4.2. Backpack Blowers
- 5.4.2.1. Backpack Blowers Market, by Region, 2016 - 2027 (USD Million)
- 5.4.3. Handheld Blowers
- 5.4.3.1. Handheld Blowers Market, by Region, 2016 - 2027 (USD Million)
- 5.5. Saws
- 5.5.1. Global Outdoor Power Equipment Market, by Saws, by Region, 2016 - 2027 (USD Million)
- 5.6. Trimmers & Edgers
- 5.6.1. Global Outdoor Power Equipment Market, by Trimmers & Edgers, by Region, 2016 - 2027 (USD Million)
- 5.7. Tillers & Cultivators
- 5.7.1. Global Outdoor Power Equipment Market, by Tillers & Cultivators, by Region, 2016 - 2027 (USD Million)
- 5.8. Snow Throwers
- 5.8.1. Global Outdoor Power Equipment Market, by Snow Throwers, by Region, 2016 - 2027 (USD Million)
- 5.9. Others
- 5.9.1. Global Outdoor Power Equipment Market, by Others, by Region, 2016 - 2027 (USD Million)
6. Global Outdoor Power Equipment Market, by Power Source
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 6.3. Fuel-Powered
- 6.3.1. Global Outdoor Power Equipment Market, by Fuel-Powered, By Region, 2016 - 2027 (USD Million)
- 6.4. Electric-Powered
- 6.4.1. Global Outdoor Power Equipment Market, by Electric-Powered, by Region, 2016 - 2027 (USD Million)
7. Outdoor Power Equipment Market Assessment by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Outdoor Power Equipment Market Assessment, By Geography, 2016 - 2027 (USD Million)
- 7.3. Outdoor Power Equipment Market - North America
- 7.3.1. North America: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.3.2. North America: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.3.3. Outdoor Power Equipment Market - U.S.
- 7.3.3.1. U.S.: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.3.3.2. U.S.: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.3.4. Outdoor Power Equipment Market - Canada
- 7.3.4.1. Canada: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.3.4.2. Canada: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.4. Outdoor Power Equipment Market - Europe
- 7.4.1. Europe: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.4.2. Europe: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.4.3. Outdoor Power Equipment Market - UK
- 7.4.3.1. UK: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.4.3.2. UK: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.4.4. Outdoor Power Equipment Market - France
- 7.4.4.1. France: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.4.4.2. France: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.4.5. Outdoor Power Equipment Market - Germany
- 7.4.5.1. Germany: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.4.5.2. Germany: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.4.6. Outdoor Power Equipment Market - Italy
- 7.4.6.1. Italy: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.4.6.2. Italy: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.4.7. Outdoor Power Equipment Market - Spain
- 7.4.7.1. Spain: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.4.7.2. Spain: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.4.8. Outdoor Power Equipment Market - Netherlands
- 7.4.8.1. Netherlands: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.4.8.2. Netherlands: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.4.9. Outdoor Power Equipment Market - Russia
- 7.4.9.1. Russia: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.4.9.2. Russia: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.5. Outdoor Power Equipment Market - Asia-Pacific
- 7.5.1. Asia Pacific: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.5.2. Asia-pacific: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.5.3. Outdoor Power Equipment Market - China
- 7.5.3.1. China: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.5.3.2. China: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.5.4. Outdoor Power Equipment Market - India
- 7.5.4.1. India: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.5.4.2. India: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.5.5. Outdoor Power Equipment Market - Malaysia
- 7.5.5.1. Malaysia: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.5.5.2. Malaysia: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.5.6. Outdoor Power Equipment Market - Japan
- 7.5.6.1. Japan: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.5.6.2. Japan: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.5.7. Outdoor Power Equipment Market - Indonesia
- 7.5.7.1. Indonesia: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.5.7.2. Indonesia: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.5.8. Outdoor Power Equipment Market - South Korea
- 7.5.8.1. South Korea: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.5.8.2. South Korea: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.6. Outdoor Power Equipment Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.6.2. Middle East & Africa: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.6.3. Outdoor Power Equipment Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.6.3.2. Saudi Arabia: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.6.4. Outdoor Power Equipment Market - UAE
- 7.6.4.1. UAE: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.6.4.2. UAE: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.6.5. Outdoor Power Equipment Market - Israel
- 7.6.5.1. Israel: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.6.5.2. Israel: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.6.6. Outdoor Power Equipment Market - South Africa
- 7.6.6.1. South Africa: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.6.6.2. South Africa: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.7. Outdoor Power Equipment Market - Latin America
- 7.7.1. Latin America: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.7.2. Latin America: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.7.3. Outdoor Power Equipment Market - Mexico
- 7.7.3.1. Mexico: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.7.3.2. Mexico: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.7.4. Outdoor Power Equipment Market - Brazil
- 7.7.4.1. Brazil: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.7.4.2. Brazil: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- 7.7.5. Outdoor Power Equipment Market - Argentina
- 7.7.5.1. Argentina: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- 7.7.5.2. Argentina: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Briggs & Stratton Corp.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Equipment Benchmarking
- 9.1.4. Recent Development
- 9.2. Stanley Black & Decker, Inc.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Equipment Benchmarking
- 9.2.4. Recent Development
- 9.3. AL-KO KOBER GROUP
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Equipment Benchmarking
- 9.3.4. Recent Development
- 9.4. Yamabiko Corp.
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Equipment Benchmarking
- 9.4.4. Recent Development
- 9.5. Techtronic Industries Company Ltd.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Equipment Benchmarking
- 9.5.4. Recent Development
- 9.6. Excel Industries, Inc.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Equipment Benchmarking
- 9.6.4. Recent Development
- 9.7. CHERVON (China) Trading Co., Ltd.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Equipment Benchmarking
- 9.7.4. Recent Development
- 9.8. Andreas Stihl AG & Company KG
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Equipment Benchmarking
- 9.8.4. Recent Development
- 9.9. MTD Holdings Inc.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Equipment Benchmarking
- 9.9.4. Recent Development
- 9.10. Makita Corp.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Equipment Benchmarking
- 9.10.4. Recent Development
List of Tables
- Table 1 Global Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 2 Global Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 3 Outdoor Power Equipment Market Assessment, By Geography, 2016 - 2027 (USD Million)
- Table 4 North America: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 5 North America: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 6 U.S.: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 7 U.S.: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 8 Canada: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 9 Canada: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 10 Europe: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 11 Europe: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 12 UK: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 13 UK: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 14 France: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 15 France: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 16 Germany: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 17 Germany: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 18 Italy: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 19 Italy: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 20 Spain: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 21 Spain: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 22 Netherlands: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 23 Netherlands: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 24 Russia: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 25 Russia: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 26 Asia Pacific: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 27 Asia Pacific: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 28 China: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 29 China: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 30 India: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 31 India: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 32 Malaysia: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 33 Malaysia: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 34 Japan: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 35 Japan: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 36 Indonesia: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 37 Indonesia: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 38 South Korea: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 39 South Korea: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 40 Middle East & Africa: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 41 Middle East & Africa: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 42 Saudi Arabia: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 43 Saudi Arabia: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 44 UAE: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 45 UAE: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 46 Israel: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 47 Israel: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 48 South Africa: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 49 South Africa: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 50 Latin America: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 51 Latin America: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 52 Mexico: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 53 Mexico: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 54 Brazil: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 55 Brazil: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
- Table 56 Argentina: Outdoor Power Equipment Market, By Equipment, 2016 - 2027 (USD Million)
- Table 57 Argentina: Outdoor Power Equipment Market, By Power Source, 2016 - 2027 (USD Million)
List of Figures
Figure 1 Market Highlights (2019, Revenue)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter's Five Forces
Figure 6 Market by Equipment
Figure 7 Global Outdoor Power Equipment Market, By Equipment, 2019 & 2027 (USD Million)
Figure 8 Market by Power Source
Figure 9 Global Outdoor Power Equipment Market, By Power Source, 2019 & 2027 (USD Million)
Figure 10 Outdoor Power Equipment Market Assessment, By Geography, 2016 - 2027 (USD Million)
Figure 11 Strategic Analysis - Outdoor Power Equipment Market