With a focus on usability, this report equips professionals with the latest industry insights to stay ahead in the competitive outdoor power equipment market.
What Is The Projected Market Size & Growth Rate Of The Outdoor Power Equipment Market?
The outdoor power equipment market size has declined marginally in recent years. It will grow from " $28.38 billion in 2024 to $28.26 billion in 2025 at a compound annual growth rate (CAGR) of -0.4%. The growth in the historic period can be attributed to urbanization, landscaping and gardening, commercial landscaping services, farming and agriculture, sports field maintenance.
The outdoor power equipment market size is expected to see steady growth in the next few years. It will grow to $32.65 billion in 2029 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to diverse work environments, government initiatives, extreme weather preparedness, rental and leasing, seasonal demand. Major trends in the forecast period include technological advancements, sustainable landscaping, battery-powered equipment, electric lawnmowers, smart and connected equipment.
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What Is The Crucial Factor Driving The Global Outdoor Power Equipment Market?
The growth in the construction industry is expected to propel the growth of the outdoor power equipment market going forward. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structures. Outdoor power equipment is used in construction to clear the soil and chop the plants before work begins and for grounds maintenance. For instance, in January 2024, according to the FMI Corporation, a US-based management consulting company, engineering and construction investment is expected to rise by 5% in 2022 compared to 2021. Therefore, the growth in the construction industry is driving the growth of the outdoor power equipment market.
Segment Covered In The Outdoor Power Equipment Market Report
The outdoor power equipment market covered in this report is segmented –
1) By Equipment Type: Trimmers and Edgers, Lawn Mowers, Blowers, Tillers nd Cultivators, Snow Throwers, Other Equipment Types
2) By Power Source: Fuel Powered, Electric Powered
3) By Application: Residential, Commercial
Subsegments:
1) By Trimmers And Edgers: String Trimmers, Edgers, Brush Cutters
2) By Lawn Mowers: Push Lawn Mowers, Self-Propelled Lawn Mowers, Riding Lawn Mowers, Robotic Lawn Mowers
3) By Blowers: Handheld Leaf Blowers, Backpack Leaf Blowers, Walk-Behind Leaf Blowers
4) By Tillers And Cultivators: Gas-Powered Tillers, Electric Tillers, Manual Cultivators
5) By Snow Throwers: Single-Stage Snow Throwers, Two-Stage Snow Throwers, Three-Stage Snow Throwers
6) By Other Equipment Types: Chainsaws, Pressure Washers, Hedge Trimmers, Garden Sprayers
Key Trends Driving Growth In The Outdoor Power Equipment Market
Technological advancements have emerged as the key trend gaining popularity in the outdoor power equipment market. Major companies operating in the outdoor power equipment sector are focused on developing new technological solutions to sustain their position in the market. For instance, In February 2022, Stihl, a Germany-based company that manufactures chainsaws and outdoor power equipment, launched a new chain saw called Stihl MSA 300 based on Power Laminate technology. It possessed the most powerful battery-powered chainsaw and an LED display that allowed the user to monitor the saw's status.
Key Player In The Outdoor Power Equipment Market
Major companies operating in the outdoor power equipment market include Briggs & Stratton Corporation, Deere & Company, Honda Motor Co. Ltd., The Husqvarna Group., Makita Corporation., Yamabiko Corporation, STIHL AG & Co. KG, Techtronic Industries Company Ltd., The Toro Company, Andreas Stihl AG & Co.KG, AriensCo, Oregon Tool Inc., Snow Joe LLC., Craftsman, Positec Tool Corporation., AL-Ko Kober Group, Excel Industries Inc., Chevron Trading Co Ltd., MTD Holdings Inc., Stanley Black and Decker Inc., Robert Bosch GmbH, Greenworks Tools, EGO Power Plus, Ryobi Limited, Snapper Inc., Troy-Bilt LLC., Remington Arms Company LLC., Swisher Acquisition Inc.
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Global Outdoor Power Equipment Market - Regional Insights:
North America was the largest region in the outdoor power equipment market in 2024. The regions covered in the outdoor power equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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