Outdoor Power Equipment Market Size, Share, and Analysis, By Type (Lawn Mowers, Saws, Blowers, Snow Throwers, and Others), By Power Source (Fuel Powered, Electric Powered), By Functionality (Connected/Smart, Conventional), By Application (Residential, Commercial), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Outdoor Power Equipment Market Size, Share, and Analysis, By Type (Lawn Mowers, Saws, Blowers, Snow Throwers, and Others), By Power Source (Fuel Powered, Electric Powered), By Functionality (Connected/Smart, Conventional), By Application (Residential, Commercial), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Outdoor Power Equipment Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period span from 2024 to 2034. In 2023, the market size was assessed at USD 37.7 billion and is projected to reach USD 68.6 billion by the completion of 2034.
Outdoor power equipment includes a wide range of tools which are specifically developed for outdoor uses such as gardening, landscaping, and maintenance of property. For instance, lawnmowers, chainsaws, leaf blowers, and hedge trimmers, are designed to simplify outdoor operations by reducing physical effort and increasing efficiency. They run on numerous power sources such as gasoline, electricity, or batteries, each with its own set of advantages in terms of power, mobility, and environmental impact. Additionally, to ensure reliability and user safety, manufacturers prioritize powerful engineering, where outdoor power equipment serves essentially. Furthermore, ongoing technological improvements in this field aim to improve efficiency, reduce emissions, offer convenience, and low noise level during operations. Therefore, as these tools evolve with technology, new features are constantly being added to improve performance and user experience.
MARKET HIGHLIGHTS
Outdoor Power Equipment Market is projected to achieve USD 68.6 billion during the forecast period, owing to technological innovations and a rising need for sustainability. The growing popularity of electric and battery-operated tools is a notable development as these tools attract environmentally aware consumers due to their lower emissions and silent operations. Additionally, an increase in do-it-yourself (DIY) activities and gardening jobs has created demand for smaller and user-friendly tools. Moreover, the easy accessibility of outdoor power tools has grown greatly due to the thriving e-commerce platforms, which provide useful avenues for research and purchases. Furthermore, government regulations and standards regarding emissions and noise control are pushing manufacturers to innovate practical and eco-friendly designs. These developments highlight a market evolution toward greener, efficient, and accessible outdoor equipment solutions.
Outdoor Power Equipment Market Segments:
- By Type
- Lawn Mowers
- Saws
- Blowers
- Snow Throwers
- Others
- By Power Source
- Fuel Powered
- Electric Powered
- By Functionality
- Connected/Smart
- Conventional
- By Application
- Residential
- Commercial
MARKET DYNAMICS
Growth Drivers
Improvements in Technology Will Open Up New Growth Prospects
Rising Demand for Landscaping Services Will Create New Growth Opportunities
Restraint
Environmental Rules and Worries May Limit Market Growth
Key Players
- Husqvarna Group
- STIHL Group
- Deere & Company
- The Toro Company
- Honda Power Equipment
- MTD Products Inc.
- Stanley Black & Decker
- Briggs & Stratton Corporation
- Ariens Company
- Makita Corporation
- TTI Group
- Kubota Corporation
- Robert Bosch GmbH
- ECHO Incorporated
- Greenworks Tools
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
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