Global Outdoor Power Equipment Market 2024-2028
The outdoor power equipment market is forecasted to grow by USD 11.51 bn during 2023-2028, accelerating at a CAGR of 6.44% during the forecast period. The report on the outdoor power equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for outdoor natural aesthetics, innovations in landscaping and gardening practices, and presence of government initiatives that promote gardening.
Technavio's outdoor power equipment market is segmented as below:
By Type
- Gasoline
- Electric corded
- Battery
By End-user
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the rising demand for smart gardening as one of the prime reasons driving the outdoor power equipment market growth during the next few years. Also, flexible battery system and wireless charging in power tools and increasing adoption of xeriscape maintenance services will lead to sizable demand in the market.
The report on the outdoor power equipment market covers the following areas:
- Outdoor power equipment market sizing
- Outdoor power equipment market forecast
- Outdoor power equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading outdoor power equipment market vendors that include ANDREAS STIHL AG and Co. KG, AriensCo, BAD BOY JOE LLC, Briggs and Stratton LLC, D and D Motor Systems Inc., Deere and Co., Emak Spa, Generac Holdings Inc., Greenworks Tools, Honda Motor Co. Ltd., Husqvarna AB, Kubota Corp., Makita Corp., Maruyama Mfg. Co. Inc., Robert Bosch GmbH, Sharpex Engineering Works, Stanley Black and Decker Inc., STIGA S.p.A., Techtronic Industries Co. Ltd., and The Toro Co.. Also, the outdoor power equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.