Compliance with Power Diversity Growing as a Key Focus Area for Outdoor Power Equipment Manufacturers, Finds New Fact.MR Study
Verfasser: ashwani_kailiya on Friday, 10 August 2018Sales of outdoor power equipment through online channels are emerging as a new opportunity and challenging the status quo in a market long dominated by supplier-distributor equations, finds a new study by Fact.MR. However, in spite of the impressive growth in online channels, distributors will hold sway in terms of majority value share.
The study envisages the outdoor power equipment market to record a moderate rise to exceed revenues worth US$ 57,000 Mn by 2028-end. Companies that understand the requirements of their customers and offer added value with innovation, are likely to gain a solid footing in the outdoor power equipment market. Leading manufacturers have commenced investing in smart and autonomous technologies, in response to consumer insights, for new product development.
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