Outdoor Power Equipment Market by Equipment Type (Blowers, Lawn Mowers, Saws), Power Source (Electric Powered, Fuel Powered), Functionality, Application - Global Forecast 2024-2030

Outdoor Power Equipment Market by Equipment Type (Blowers, Lawn Mowers, Saws), Power Source (Electric Powered, Fuel Powered), Functionality, Application - Global Forecast 2024-2030

The Outdoor Power Equipment Market size was estimated at USD 35.72 billion in 2023 and expected to reach USD 37.52 billion in 2024, at a CAGR 5.17% to reach USD 50.87 billion by 2030.

Outdoor power equipment (OPE) comprises a range of machinery designed for outdoor tasks, potentially focusing on landscaping, gardening, and various ground maintenance activities. This segment includes lawnmowers, leaf blowers, trimmers, chainsaws, and snow blowers. It extends across residential, commercial, and industrial applications, aimed at facilitating and enhancing outdoor maintenance efficiency and effectiveness. The primary drivers propelling the utilization of outdoor power equipment include a growing emphasis on landscaping and exterior aesthetics within residential and commercial infrastructures. The advent of battery-operated, electric, and cordless models that promise lower emissions and reduced noise levels is significantly contributing to OPE adoption. Furthermore, technological advancements, such as robotic lawnmowers and smart gardening tools integrated with IoT technology, are fostering a more connected, efficient, and labor-saving approach to outdoor maintenance. However, the OPE industry faces several hurdles, including stringent environmental regulations that limit emissions from gas-powered equipment, leading to increased production costs. The market is highly seasonal, depending on geographical locations, which can affect sales and production planning. Moreover, global supply chain disruptions pose a significant challenge, affecting availability and leading to potential price increases. Opportunities within the outdoor power equipment sector are abundant, particularly in the innovation of eco-friendly, electric-powered equipment that complies with regulatory standards and customer preferences for sustainable products. The expansion of the residential sector, buoyed by urbanization and higher disposable incomes, presents a burgeoning customer base. Meanwhile, the commercial segment offers potential growth avenues by adopting advanced, multi-functional, and automated equipment, catering to a broader range of landscaping and maintenance activities.

Regional Insights

The outdoor power equipment market in the Americas has shown robust growth, fueled by increasing consumer spending on home improvement and maintenance. Innovations in battery-powered and electric models have spurred interest, aligning with the region's growing emphasis on sustainable and eco-friendly solutions. Demand for lawnmowers, blowers, and chainsaws has remained high, with a noticeable trend towards multi-function and smart equipment that offers enhanced convenience and efficiency. Europe's stringent environmental regulations have increased demand for electric and battery-operated equipment, pushing manufacturers to innovate in this direction. The region is seeing a shift towards more sustainable practices in landscaping and gardening, positively impacting the market for eco-friendly outdoor power tools. In contrast, the Middle East and Africa are experiencing growth in the commercial sector, driven by urbanization and increased investments in infrastructure and landscape development. The Asia Pacific region showcases rapid growth, with China and India being the key contributors. The surge in demand is attributed to rising urbanization, an expanding middle class, and increased spending on landscaping services. The region's focus on agricultural development and public infrastructure projects has bolstered the demand for high-capacity, durable outdoor power tools.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Outdoor Power Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing demand for landscaping services and growing homeowner gardening activities
Preference for rental services of outdoor power equipment
Rising demand for cordless outdoor power equipment

Market Restraints

High maintenance cost associated with automated outdoor power equipment

Market Opportunities

Development of connected and smart outdoor power equipment
Emphasis on sustainable farming with using power equipment

Market Challenges

Issues associated with designing ergonomic and lightweight outdoor power equipment

Market Segmentation Analysis

Power Source: Growing customer inclination towards electric-powered equipment owing to advancements in battery technology
Application: Proliferation in commercial applications for landscaping, lawn care, and facility maintenance industries

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Outdoor Power Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Outdoor Power Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Equip Expo news: Equipment and product announcements from STIHL, Bobcat, and more

STIHL introduced battery-powered zero-turn mowers, RZA 748, RZA 752, and RZA 760 models, promising all-day run times and commercial-grade features for silent, emission-free operations, alongside their new gasoline-powered walk-behind mowers, the RM series, known for their convenience and adjustable features. Moreover, STIHL expanded its portfolio with the FSA 200 trimmer, surpassing its predecessors in power, and the HTA series pole pruners for enhanced stability and performance.

The Toro Company and Lowe’s Announce Strategic Partnership

The Toro Company has aligned with Lowe's Companies, Inc., unveiling a pivotal retail collaboration slated to enrich Lowe's portfolio with Toro's comprehensive suite of outdoor power machinery. This alliance ensures Lowe's nationwide outlets and digital platform will offer Toro's esteemed collection, including zero-turn riding mowers, walk mowers, portable power units, and snow blowers, spanning both gas-powered and innovative battery-operated categories. This strategic partnership substantially enhances Lowe's outdoor power equipment segment, promising customers access to top-tier, versatile solutions for year-round outdoor maintenance.

Kress Commercial launches a line of powerful 60v outdoor power equipment with independent dealerships across North America

Kress Commercial introduced a lineup of battery-powered outdoor power equipment, a first in the industry designed specifically for the rigorous demands of professional landscapers. Revolutionizing the market with its CyberSystem technology, Kress offers an array of tools, including a 25 Hedge Trimmer, 35N Backpack Blower, 16 Chainsaw, 21 Self-Propelled Mower, and more, all designed for high performance and durability.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Outdoor Power Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Outdoor Power Equipment Market, highlighting leading vendors and their innovative profiles. These include AL-KO Kober AG, Alfred Kärcher SE & Co. KG, ANDREAS STIHL AG & CO. KG, Ariens Company, Briggs & Stratton Corporation, Champion Power Equipment, Inc., CHERVON Trading Co., Ltd., Deere & Company, EMAK S.P.A., Excel Industries Inc., GREENWORKSTOOLS, Honda Motor Co., Ltd., Husqvarna AB, Jacobsen by Textron Inc., Koki Holdings Co., Ltd., Makita Corporation, Ningbo Daye Garden Machinery Co.,Ltd, Oregon Tool, Inc., Robert Bosch GmbH, Schiller Grounds Care, Inc., Snow Joe, LLC, Stanley Black & Decker, Inc., STIGA S.p.A., Techtronic Industries Co. Ltd., THE TORO COMPANY, and Yamabiko Corporation.

Market Segmentation & Coverage

This research report categorizes the Outdoor Power Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Equipment Type
Blowers
Lawn Mowers
Non-Riding Lawn Mowers
Robotic Lawn Mowers
Walk-Behind Lawn Mowers
Push Mowers
Self-Propelled Mowers
Riding Lawn Mowers
Lawn Tractors & Garden Tractors
Rear Engine Riding Mowers
Zero-Turn Radius Mowers
Saws
Snow Throwers
Tillers & Cultivators
Trimmers & Edgers
Power Source
Electric Powered
Corded
Cordless
Fuel Powered
Functionality
Connected or AI-Enabled Products
Conventional Products
Application
Commercial
Industrial
Residential & DIY
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year