Outdoor Power Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Outdoor Power Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Outdoor Power Equipment Market

The outdoor power equipment market size was reached at value of USD 31.80 billion in 2022, and the market is now projected to rise from USD 33.50 billion in 2023 to USD 48.08 billion by 2030, exhibiting a CAGR of 5.3% during the forecast period of 2022-2030.

Although, covid has disrupted many businesses and put restriction on production and supply chain but in case of outdoor power equipment market the growth was increased. The COVID-19 pandemic increased the sales of power equipment through e-commerce, promoting market growth. Despite the challenges of covid pandemic, the industry has observed a surge in demand for outdoor power equipment market growth.

The demand for outdoor power equipment has been increased due to increased household activities and growing interest of homemakers in gardening. Moreover, rising demand for DIY projects, landscaping services to enhance the aesthetics of homes and commercial premises is propelling outdoor power equipment market growth. In addition, manufacturers are putting their emphasis on technological advancements which will propel market expansion. The market growth is fueled due to rising demand for electric motors, gasoline engines, commonly used for grass landscaping, golf course, gardening, and ground care.

Additionally, due to adoption of smart and advanced technologies market will witness expansion during forecast period to preserve market share, leading companies and manufacturers will prioritize innovation and developing new products with cutting-edge technology to fulfill consumer preferences.

Comprehensive Analysis of Outdoor Power Equipment Market

The outdoor power equipment market is rising at an exponential rate due to its versatile market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by types, by power source, by sales channel and by application. The Type segment include Lawn Mowers {Walk-behind Mowers, ZTR Mowers, Riding Mower, Robotic Mower, and Lawn & Garden Tractor}, Trimmers {Hedge Trimmer, Brush Cutter & Trimmer, Edge Trimmer/Edger, and Others}, Blowers {Snow Blower and Leaf Blower}, Chainsaw, Pressure Washer, Tillers & Cultivators, and Others, while By Power Source segment include Gasoline Powered, Battery Powered, and Electric Motor/Corded. However, By Sales Channel segment include E-commerce and Direct Purchase and By Application segment include Residential/DIY and Commercial.

In the outdoor power equipment market, North America region lead the power equipment devices market by benefitting a market size of USD 15.26 billion in 2023 owing to rising demand for landscaping services and adoption of smart and advanced technologies.

The prominent players in the market play a crucial role in the outdoor power equipment industry assuring industrial prospectus growth and setting market standards. These players include, Cub Cadet (U.S.), andreas stihl ag company kg (Germany), Yamabiko Manufactures (Japan), Husqvarna Group (Sweden), Kaercher (Germany), Techtronic Industries (U.S.), Maruyama U.S., Inc. (U.S.), MTD Products (U.S.), Makita Group (Japan), Vb Emak (Italy), Toro Company (U.S.), Hikoki (Japan), Deere (U.S.), Stanley Black & Decker (U.S.), Jonsered (Sweden), Bosch (Germany) Honda (Japan) and Troy Blit LLC (U.S.) these prominent market players provide a level-playing competitive landscape.

In April 2023, Husqvarna has announced the release of their all new 5325ideps MADSAW a dielectric pole saw which provides a new level of safety and adaptability for utilities and arborists. The 5325ideps is intended to increase operator safety when operating near live cables while also providing a new degree of adaptability.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 5.3% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Type; By Power Source; By Sales Channel, By Application; and By Region

Segmentation By Type

Lawn Mowers

- Walk-behind Mowers

- Zero-turn Radius (ZTR) Mower

- Riding Mower

- Robotic Mowers

- Lawn & Garden Tractors

Trimmers

- Hedge Trimmer

- Brush Cutters & Trimmer

- Edge Trimer/Edger

- Others

Blower

- Snow Blower

- Leaf Blower

Chainsaw

Pressure Washer

Tillers & Cultivators

Others

By Power Source

Gasoline Powered

Battery Powered

Electric Motor/Corded

By Sales Channel

E-commerce

Direct Purchase

By Application

Residential/DIY

Commercial

By Region

North America (By Type, By Power Source, By Sales Channel, By Application, By Country)

- U.S. (By Power Source)

- Canada (By Power Source)

Europe (By Type, By Power Source, By Sales Channel, By Application, By Country)

- U.K. (By Power Source)

- Germany (By Power Source)

- France (By Power Source)

- Italy (By Power Source)

- Spain (By Power Source)

- Russia (By Power Source)

- Rest of Europe (By Power Source)

Asia Pacific (By Type, By Power Source, By Sales Channel, By Application, By Country)

- China (By Power Source)

- Japan (By Power Source)

- India (By Power Source)

- Southeast Asia (By Power Source)

- Rest of Asia Pacific (By Power Source)

Rest of World (By Type, By Power Source, By Sales Channel, By Application, By Country)


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