Asia Pacific Genetically Modified (GMO) Seeds Market, By Product (Corn, Soybean, Cotton, Canola, Potato, Others (Sugar Beets, Zucchini, Alfalfa, Sugar Beet, Papaya, Apple)); By Trait (Herbicide Tolerance, Insect Resistance); By Application (Oilseed Seeds, Cereals/Grain Seeds); By Sales Channel (Direct Sales, Modern Trade, E-Retailers); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC), 2019–2029
Global Outdoor Power Equipment Market Size Set to Grow at Significant CAGR of 5.67% to Reach USD 48.16 Billion by 2029
Global outdoor power equipment market is flourishing due to an increasing demand for landscaping and gardening activities, growth in the construction and real estate sectors, a rising emphasis on lawn maintenance, and technological advancements in equipment design and efficiency.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global outdoor power equipment market size at USD 34.59 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global outdoor power equipment market size to grow at a significant CAGR of 5.67% reaching a value of USD 48.16 billion by 2029. The global outdoor power equipment market is influenced by several key driving factors, including the growing demand for landscaping and gardening services, the expansion of the construction and real estate sectors, and a rising emphasis on lawn maintenance and aesthetics. Also, the adoption of electric and eco-friendly power equipment, driven by environmental concerns, is a notable factor. Technological advancements, such as smart outdoor power equipment, also contribute to market growth. Further, the increased disposable income and urbanization in emerging economies play a role in boosting the market as consumers seek efficient and convenient tools for outdoor maintenance and landscaping.
Outdoor Power Equipment – Overview
Outdoor power equipment refers to a wide range of machines and tools designed for use in outdoor settings, typically in landscaping, gardening, and yard maintenance. This category includes lawn mowers, chainsaws, leaf blowers, hedge trimmers, snow blowers, and more. These devices are powered by various sources, including gasoline engines, electric motors, and even battery-operated systems. Outdoor power equipment plays a crucial role in simplifying and expediting outdoor tasks, helping homeowners and professionals efficiently maintain lawns, gardens, and landscapes. Safety and proper maintenance are essential when using such equipment to ensure effective and safe operation.
Impact of COVID-19 on Global Outdoor Power Equipment Market
Global outdoor power equipment market felt the reverberations of COVID-19 pandemic, as lockdowns and economic uncertainty led to a dip in demand. With restrictions affecting production and distribution, the industry faced supply chain challenges. The closure of retail stores and reduced consumer spending further hampered sales. However, as people turned to home improvement projects during lockdowns, there was a surge in residential equipment sales. Remote work and outdoor activities also drove a shift towards battery-powered, quieter, and eco-friendly options. While recovery was underway, the market's dynamics evolved to accommodate a changing consumer landscape, emphasizing innovation and sustainability.
Global Outdoor Power Equipment Market – By Power Source
By power source, global outdoor power equipment market is split into Fuel Power and Electric Powder segments. The fuel power segment is a larger power source in the global outdoor power equipment market. The segment encompasses various outdoor equipment powered by traditional fuels such as gasoline or diesel. It includes a wide range of products like lawnmowers, chainsaws, and leaf blowers, catering to users who prefer the convenience of fuel-powered machinery. In contrast, the "Electric Power" segment offers eco-friendly alternatives with electric-powered equipment. Despite the growing popularity of electric options due to environmental concerns, the "Fuel Power" segment continues to dominate, reflecting a strong market demand for its performance and versatility.
Competitive Landscape
Global outdoor power equipment market is fiercely competitive. Major companies in the market include Briggs & Stratton, Deere & Company, HONDA, Husqvarna, Makita, Robert Bosch, Stanley Black & Decker, STIHL Group, Techtronic Industries., The Toro Company, MTD, Craftsman, EMAK, Blount, and McLane. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the global outdoor power equipment market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Global Outdoor Power Equipment Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in the Global Outdoor Power Equipment Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Global Outdoor Power Equipment (OPE) Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing gardening activities
- 3.2.1.2. Growing demand for landscaping services
- 3.2.1.3. Rapid growth in construction and real estate sector
- 3.2.2. Restraints
- 3.2.2.1. High maintenance costs
- 3.2.2.2. Fluctuating raw material prices.
- 3.2.3. Opportunities
- 3.2.3.1. Development of smart and connected outdoor power equipment
- 3.2.3.2. High preference for rental services of outdoor power equipment
- 3.2.4. Challenges
- 3.2.4.1. Growing popularity of artificial grass
- 3.2.4.2. Safety regulation and strict grade policies
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Global Outdoor Power Equipment (OPE) Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share and Forecast
- 4.2.1. By Type
- 4.2.1.1. Lawn Mowers
- 4.2.1.2. Saws
- 4.2.1.3. Trimmers and Edgers
- 4.2.1.4. Blowers
- 4.2.1.5. Snow Throwers
- 4.2.1.6. Tillers and Cultivators
- 4.2.2. By Power Source
- 4.2.2.1. Fuel Powder
- 4.2.2.2. Electric Powder
- 4.2.3. By Application
- 4.2.3.1. Residential/DIY
- 4.2.3.2. Commercial
- 4.2.4. By Functionality
- 4.2.4.1. Connected/Smart
- 4.2.4.2. Conventional
- 4.2.5. By Region
- 4.2.5.1. North America
- 4.2.5.2. Europe
- 4.2.5.3. Asia Pacific (APAC)
- 4.2.5.4. Latin America (LATAM)
- 4.2.5.5. Middle East and Africa (MEA)
- 5. North America Outdoor Power Equipment (OPE) Market
- 5.1. Market Size & Forecast, 2019–2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Power Source
- 5.2.3. By Application
- 5.2.4. By Functionality
- 5.2.5. By Country
- 5.2.5.1. United States
- 5.2.5.1.1. By Type
- 5.2.5.1.2. By Power Source
- 5.2.5.1.3. By Application
- 5.2.5.1.4. By Functionality
- 5.2.5.2. Canada
- 5.2.5.2.1. By Type
- 5.2.5.2.2. By Power Source
- 5.2.5.2.3. By Application
- 5.2.5.2.4. By Functionality
- 6. Europe Outdoor Power Equipment (OPE) Market
- 6.1. Market Size & Forecast, 2019–2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Power Source
- 6.2.3. By Application
- 6.2.4. By Functionality
- 6.2.5. By Country
- 6.2.5.1. Germany
- 6.2.5.1.1. By Type
- 6.2.5.1.2. By Power Source
- 6.2.5.1.3. By Application
- 6.2.5.1.4. By Functionality
- 6.2.5.2. United Kingdom
- 6.2.5.2.1. By Type
- 6.2.5.2.2. By Power Source
- 6.2.5.2.3. By Application
- 6.2.5.2.4. By Functionality
- 6.2.5.3. Italy
- 6.2.5.3.1. By Type
- 6.2.5.3.2. By Power Source
- 6.2.5.3.3. By Application
- 6.2.5.3.4. By Functionality
- 6.2.5.4. France
- 6.2.5.4.1. By Type
- 6.2.5.4.2. By Power Source
- 6.2.5.4.3. By Application
- 6.2.5.4.4. By Functionality
- 6.2.5.5. Spain
- 6.2.5.5.1. By Type
- 6.2.5.5.2. By Power Source
- 6.2.5.5.3. By Application
- 6.2.5.5.4. By Functionality
- 6.2.5.6. Belgium
- 6.2.5.6.1. By Type
- 6.2.5.6.2. By Power Source
- 6.2.5.6.3. By Application
- 6.2.5.6.4. By Functionality
- 6.2.5.7. Russia
- 6.2.5.7.1. By Type
- 6.2.5.7.2. By Power Source
- 6.2.5.7.3. By Application
- 6.2.5.7.4. By Functionality
- 6.2.5.8. The Netherlands
- 6.2.5.8.1. By Type
- 6.2.5.8.2. By Power Source
- 6.2.5.8.3. By Application
- 6.2.5.8.4. By Functionality
- 6.2.5.9. Rest of Europe
- 6.2.5.9.1. By Type
- 6.2.5.9.2. By Power Source
- 6.2.5.9.3. By Application
- 6.2.5.9.4. By Functionality
- 7. Asia-Pacific Outdoor Power Equipment (OPE) Market
- 7.1. Market Size & Forecast, 2019–2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Power Source
- 7.2.3. By Application
- 7.2.4. By Functionality
- 7.2.5. By Country
- 7.2.5.1. China
- 7.2.5.1.1. By Type
- 7.2.5.1.2. By Power Source
- 7.2.5.1.3. By Application
- 7.2.5.1.4. By Functionality
- 7.2.5.2. India
- 7.2.5.2.1. By Type
- 7.2.5.2.2. By Power Source
- 7.2.5.2.3. By Application
- 7.2.5.2.4. By Functionality
- 7.2.5.3. Japan
- 7.2.5.3.1. By Type
- 7.2.5.3.2. By Power Source
- 7.2.5.3.3. By Application
- 7.2.5.3.4. By Functionality
- 7.2.5.4. South Korea
- 7.2.5.4.1. By Type
- 7.2.5.4.2. By Power Source
- 7.2.5.4.3. By Application
- 7.2.5.4.4. By Functionality
- 7.2.5.5. Australia & New Zealand
- 7.2.5.5.1. By Type
- 7.2.5.5.2. By Power Source
- 7.2.5.5.3. By Application
- 7.2.5.5.4. By Functionality
- 7.2.5.6. Indonesia
- 7.2.5.6.1. By Type
- 7.2.5.6.2. By Power Source
- 7.2.5.6.3. By Application
- 7.2.5.6.4. By Functionality
- 7.2.5.7. Malaysia
- 7.2.5.7.1. By Type
- 7.2.5.7.2. By Power Source
- 7.2.5.7.3. By Application
- 7.2.5.7.4. By Functionality
- 7.2.5.8. Singapore
- 7.2.5.8.1. By Type
- 7.2.5.8.2. By Power Source
- 7.2.5.8.3. By Application
- 7.2.5.8.4. By Functionality
- 7.2.5.9. Vietnam
- 7.2.5.9.1. By Type
- 7.2.5.9.2. By Power Source
- 7.2.5.9.3. By Application
- 7.2.5.9.4. By Functionality
- 7.2.5.10. Rest of APAC
- 7.2.5.10.1. By Type
- 7.2.5.10.2. By Power Source
- 7.2.5.10.3. By Application
- 7.2.5.10.4. By Functionality
- 8. Latin America Outdoor Power Equipment (OPE) Market
- 8.1. Market Size & Forecast, 2019–2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Power Source
- 8.2.3. By Application
- 8.2.4. By Functionality
- 8.2.5. By Country
- 8.2.5.1. Brazil
- 8.2.5.1.1. By Type
- 8.2.5.1.2. By Power Source
- 8.2.5.1.3. By Application
- 8.2.5.1.4. By Functionality
- 8.2.5.2. Mexico
- 8.2.5.2.1. By Type
- 8.2.5.2.2. By Power Source
- 8.2.5.2.3. By Application
- 8.2.5.2.4. By Functionality
- 8.2.5.3. Argentina
- 8.2.5.3.1. By Type
- 8.2.5.3.2. By Power Source
- 8.2.5.3.3. By Application
- 8.2.5.3.4. By Functionality
- 8.2.5.4. Peru
- 8.2.5.4.1. By Type
- 8.2.5.4.2. By Power Source
- 8.2.5.4.3. By Application
- 8.2.5.4.4. By Functionality
- 8.2.5.5. Rest of LATAM
- 8.2.5.5.1. By Type
- 8.2.5.5.2. By Power Source
- 8.2.5.5.3. By Application
- 8.2.5.5.4. By Functionality
- 9. Middle East & Africa Outdoor Power Equipment (OPE) Market
- 9.1. Market Size & Forecast, 2019–2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Power Source
- 9.2.3. By Application
- 9.2.4. By Functionality
- 9.2.5. By Country
- 9.2.5.1. Saudi Arabia
- 9.2.5.1.1. By Type
- 9.2.5.1.2. By Power Source
- 9.2.5.1.3. By Application
- 9.2.5.1.4. By Functionality
- 9.2.5.2. UAE
- 9.2.5.2.1. By Type
- 9.2.5.2.2. By Power Source
- 9.2.5.2.3. By Application
- 9.2.5.2.4. By Functionality
- 9.2.5.3. Qatar
- 9.2.5.3.1. By Type
- 9.2.5.3.2. By Power Source
- 9.2.5.3.3. By Application
- 9.2.5.3.4. By Functionality
- 9.2.5.4. Kuwait
- 9.2.5.4.1. By Type
- 9.2.5.4.2. By Power Source
- 9.2.5.4.3. By Application
- 9.2.5.4.4. By Functionality
- 9.2.5.5. South Africa
- 9.2.5.5.1. By Type
- 9.2.5.5.2. By Power Source
- 9.2.5.5.3. By Application
- 9.2.5.5.4. By Functionality
- 9.2.5.6. Nigeria
- 9.2.5.6.1. By Type
- 9.2.5.6.2. By Power Source
- 9.2.5.6.3. By Application
- 9.2.5.6.4. By Functionality
- 9.2.5.7. Algeria
- 9.2.5.7.1. By Type
- 9.2.5.7.2. By Power Source
- 9.2.5.7.3. By Application
- 9.2.5.7.4. By Functionality
- 9.2.5.8. Rest of MEA
- 9.2.5.8.1. By Type
- 9.2.5.8.2. By Power Source
- 9.2.5.8.3. By Application
- 9.2.5.8.4. By Functionality
- 10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. Global Outdoor Power Equipment (OPE) Market Share Analysis, 2022
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 11. Impact of COVID-19 on Global Outdoor Power Equipment (OPE) Market
- 12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 12.1. Briggs & Stratton
- 12.2. Deere & Company
- 12.3. HONDA
- 12.4. Husqvarna
- 12.5. Makita
- 12.6. Robert Bosch
- 12.7. Stanley Black & Decker
- 12.8. STIHL Group
- 12.9. Techtronic Industries.
- 12.10. The Toro Company
- 12.11. MTD
- 12.12. Craftsman
- 12.13. EMAK
- 12.14. Blount
- 12.15. McLane
- 12.16. Other Prominent Players
- 13. Key Strategic Recommendations
- 14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumptions & Limitations
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