The global demand for Outdoor Power Equipment Market is presumed to reach the market size of nearly USD 46.5 MN by 2028 from USD 28.4 MN in 2021 with a CAGR of 7.3% under the study period 2022 - 2028.
Outdoor power equipment is small motor equipment used for lawn, garden, landscaping, golf course, or ground maintenance. It is powered by gasoline engines, electric motors, or battery-powered motors to function in an outdoor setting. It consists of brush cutters, edgers, chain saws, power rakes, and more.
Market Dynamics
The rising need for modern technology and automated outdoor products is expected to increase the outdoor power equipment market growth. Modern technologies are used to maintain and repair outdoor electric instruments, including lawnmowers, outboard motors, motorcycles, chainsaws, rotary tillers, compact diesel engines, all-terrain vehicles, portable electric generators, and small garden tractors. Moreover, rising government initiatives for infrastructure development across the globe to make cities greener will likely pave the demand for the industry. The growing trend of designing lawns and gardens in households worldwide is projected to drive the sector's growth. Outdoor equipment such as saws, mowers, hedge trimmers, and blowers are widely used in landscape gardening, expected to drive global demand for the product. However, the high maintenance cost may hamper the outdoor power equipment growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of outdoor power equipment. The growth and trends of outdoor power equipment industry provide a holistic approach to this study.
Market Segmentation
This section of the outdoor power equipment market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Equipment Type
- Lawn Mowers
- Saws
- Trimmers & Edgers
- Blowers
- Snow Throwers
- Tillers & Cultivators
- Others
By Applications
- Residential/Diy
- Commercial
By Power Source
- Fuel Powered
- Electric Powered
By Functionality
- Connected/Smart
- Conventional
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Outdoor Power Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Outdoor Power Equipment Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the outdoor power equipment market include Deere & Co. (US), Husqvarna (Sweden), STIHL Group (Germany), Stanley Black & Decker (US), and The Toro Company (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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