Global Outdoor Power Equipment Market 2023

Global Outdoor Power Equipment Market 2023

Outdoor power equipment refers to a wide range of tools and machinery that are used for various outdoor tasks. This equipment is typically powered by engines, either gasoline or electric, and is designed to make outdoor work more efficient and convenient. According to the latest research, the global outdoor power equipment market is poised to grow by USD 10.4 billion during 2023-2029, progressing at a CAGR of 4.66% during the forecast period.

As homeowners and businesses invest in their outdoor spaces, there is a growing need for efficient and effective tools to maintain and enhance the appearance of lawns, gardens, and landscapes. The popularity of do-it-yourself (DIY) projects and home improvement activities has also driven the demand for outdoor power equipment among homeowners. DIY enthusiasts often require tools such as lawn mowers, trimmers, and leaf blowers to maintain their outdoor spaces.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global outdoor power equipment market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Equipment type: lawn mowers, snow blowers, trimmers, tillers, leaf blowers, chainsaws, others
Power source: ICE, cordless, corded
Price range: mass, premium
Distribution channel: offline, online
End user: residential, commercial
Region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the equipment type, power source, price range, distribution channel, end user, and region. The global market for outdoor power equipment can be segmented by equipment type: lawn mowers, snow blowers, trimmers, tillers, leaf blowers, chainsaws, others. The lawn mowers segment captured the largest share of the market in 2022. Outdoor power equipment market is further segmented by power source: ICE, cordless, corded. The ICE segment held the largest share of the global outdoor power equipment market in 2022 and is anticipated to hold its share during the forecast period. Based on price range, the outdoor power equipment market is segmented into: mass, premium. In 2022, the mass segment made up the largest share of revenue generated by the outdoor power equipment market. On the basis of distribution channel, the outdoor power equipment market also can be divided into: offline, online. Among these, the offline segment was accounted for the highest revenue generator in 2022. Outdoor power equipment market by end user is categorized into: residential, commercial. The residential segment captured the largest share of the market in 2022. The outdoor power equipment market by region can be segmented into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. North America held the largest share of the global outdoor power equipment market in 2022 and is anticipated to hold its share during the forecast period.

Major Companies and Competitive Landscape
The global outdoor power equipment market report offers detailed information on several market vendors, including Deere & Co., Husqvarna Group, Honda Motor Company, Stanley Black & Decker, Inc., The Toro Group, Ariens Company, Stiga Group, Makita Corporation, Andreas Stihl AG & Co., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global outdoor power equipment market.
To classify and forecast the global outdoor power equipment market based on equipment type, power source, price range, distribution channel, end user, region.
To identify drivers and challenges for the global outdoor power equipment market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global outdoor power equipment market.
To identify and analyze the profile of leading players operating in the global outdoor power equipment market.

Why Choose This Report
Gain a reliable outlook of the global outdoor power equipment market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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