The global outdoor power equipment market size was valued at $24.4 billion in 2021, and projected to reach $41.1 billion by 2031, with a CAGR of 5.4% from 2022 to 2031.
Outdoor power equipment uses compact engines or small motors for functioning. If the equipment is used specifically for outdoor services, then it is referred to as outdoor power equipment. The outdoor power equipment generally includes, brush cutters, edgers, chain saws, power rakes, and more. Outdoor power equipment has major applications in both, residential and commercial sectors. Outdoor power equipment is commonly used by end-users, such as lawn & plant care providers and landscape service providers, for commercial purposes. The end users that use outdoor power equipment for residential purposes are do-it-yourself (DIY) enthusiasts and homeowners. The most widely used outdoor power equipment is the lawn mower.
Owing to major R&D investments by global players, there have been tremendous developments in the outdoor power equipment arena, starting from cordless tools, incorporation of sensors, to the adoption of industry 4.0 and robotics to create autonomous equipment. These developments, along with a growing culture of garden and lawn care, increasing affinity for turf sports such as golf, increase in fleets of landscaping service providers, and increasing potential of the construction sector to adopt outdoor power equipment are contributors to the growing demand for outdoor power equipment. Furthermore, initiatives by government and municipalities across regions for adopting sustainable landscaping and green infrastructure projects have also positively impacted the demand for outdoor power equipment.
Considerable steady growth in the construction industry globally is another major factor that is expected to drive the outdoor power equipment market for the next few years. Moreover, the latest technology and new product designs are expected to positively influence the outdoor power equipment market during the forecast period. However, costly equipment and rise in consumer preference for artificial grass hinder the market growth. Automation and customized products supported by notable growth in the construction sector are creating huge opportunities for the outdoor power equipment market.
The outdoor power equipment market is segmented on the basis of type, power source, functionality, application, and region. On the basis of type, it is segmented into lawn mowers, saws, trimmers & edgers, blowers, snow throwers, tillers & cultivators, and others. On the basis of power source, the market is bifurcated into fuel powered and electric powered. On the basis of functionality, it is segmented into connected/smart and conventional. In addition, on the basis of application, the market is segmented into residential and commercial. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe and Asia-Pacific.
The major companies profiled in this report include, McLane, American Lawn Mower, Husqvarna, MTD, Oregon, Snow Joe, Briggs & Stratton, TTI, Craftsman, Worx, Bosch, Honda, Cub Cadet, Troy Blit LLC, Champion Power Equipment, Kipor Power, and Toro Company.
The rise in the investment among the major market players to develop highly efficient equipment has fuelled the demand for outdoor power equipment. Additional growth strategies, such as expansion of production capacities, acquisition, partnership, and research & innovation in the solar energy application, led to attain key developments in the global outdoor power equipment market trends.
In the post-pandemic period, a surge in demand for outdoor power equipment has been witnessed with the resumption of operations in various industries. The COVID-19 pandemic has substantially impacted the value chain of the outdoor power equipment market; however, there has been a consistent revival of the value chain, leading to steady market growth. The U.S., China, and Germany accounted for significant shares of the market in 2021. Considerable increase in demand for maintenance of public and private spaces from commercial and residential/DIY application segments is driving the market growth in the post-pandemic period.
Outdoor power equipment uses compact engines or small motors for functioning. If the equipment is used specifically for outdoor services, then it is referred to as outdoor power equipment. The outdoor power equipment generally includes, brush cutters, edgers, chain saws, power rakes, and more. Outdoor power equipment has major applications in both, residential and commercial sectors. Outdoor power equipment is commonly used by end-users, such as lawn & plant care providers and landscape service providers, for commercial purposes. The end users that use outdoor power equipment for residential purposes are do-it-yourself (DIY) enthusiasts and homeowners. The most widely used outdoor power equipment is the lawn mower.
Owing to major R&D investments by global players, there have been tremendous developments in the outdoor power equipment arena, starting from cordless tools, incorporation of sensors, to the adoption of industry 4.0 and robotics to create autonomous equipment. These developments, along with a growing culture of garden and lawn care, increasing affinity for turf sports such as golf, increase in fleets of landscaping service providers, and increasing potential of the construction sector to adopt outdoor power equipment are contributors to the growing demand for outdoor power equipment. Furthermore, initiatives by government and municipalities across regions for adopting sustainable landscaping and green infrastructure projects have also positively impacted the demand for outdoor power equipment.
Considerable steady growth in the construction industry globally is another major factor that is expected to drive the outdoor power equipment market for the next few years. Moreover, the latest technology and new product designs are expected to positively influence the outdoor power equipment market during the forecast period. However, costly equipment and rise in consumer preference for artificial grass hinder the market growth. Automation and customized products supported by notable growth in the construction sector are creating huge opportunities for the outdoor power equipment market.
The outdoor power equipment market is segmented on the basis of type, power source, functionality, application, and region. On the basis of type, it is segmented into lawn mowers, saws, trimmers & edgers, blowers, snow throwers, tillers & cultivators, and others. On the basis of power source, the market is bifurcated into fuel powered and electric powered. On the basis of functionality, it is segmented into connected/smart and conventional. In addition, on the basis of application, the market is segmented into residential and commercial. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe and Asia-Pacific.
The major companies profiled in this report include, McLane, American Lawn Mower, Husqvarna, MTD, Oregon, Snow Joe, Briggs & Stratton, TTI, Craftsman, Worx, Bosch, Honda, Cub Cadet, Troy Blit LLC, Champion Power Equipment, Kipor Power, and Toro Company.
The rise in the investment among the major market players to develop highly efficient equipment has fuelled the demand for outdoor power equipment. Additional growth strategies, such as expansion of production capacities, acquisition, partnership, and research & innovation in the solar energy application, led to attain key developments in the global outdoor power equipment market trends.
Covid-19 Analysis
COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments, and infrastructure companies. The novel coronavirus has affected several economies and caused lockdown in many countries, which has limited the growth of the market. The shutdown of industrial manufacturing led to the decline in demand for gas related equipment in most of the countries globally, which led to decline in demand for outdoor power equipment. The decrease in utilization of power in the industrial facilities across the globe during the outbreak has a negative impact on the development of the market.In the post-pandemic period, a surge in demand for outdoor power equipment has been witnessed with the resumption of operations in various industries. The COVID-19 pandemic has substantially impacted the value chain of the outdoor power equipment market; however, there has been a consistent revival of the value chain, leading to steady market growth. The U.S., China, and Germany accounted for significant shares of the market in 2021. Considerable increase in demand for maintenance of public and private spaces from commercial and residential/DIY application segments is driving the market growth in the post-pandemic period.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the outdoor power equipment market analysis from 2021 to 2031 to identify the prevailing outdoor power equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the outdoor power equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global outdoor power equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Lawn Mowers
- Saws
- Trimmers and Edgers
- Blowers
- Snow Throwers
- Tillers and Cultivators
- Others
By Power Source
- Fuel Powered
- Electric Powered
By Application
- Residential
- Commercial
By Functionality
- Connected/Smart
- Conventional
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- U.K.
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Earthwise
- Husqvarna
- MTD
- Oregon
- Snow Joe
- TTI
- Craftsman
- Worx
- Bosch Ltd
- Honda
- Cub Cadet
- Troy Blit LLC
- Toro Company
- Briggs & Stratton Corporation
- McLane
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: OUTDOOR POWER EQUIPMENT MARKET, BY TYPE
CHAPTER 5: OUTDOOR POWER EQUIPMENT MARKET, BY POWER SOURCE
CHAPTER 6: OUTDOOR POWER EQUIPMENT MARKET, BY FUNCTIONALITY
CHAPTER 7: OUTDOOR POWER EQUIPMENT MARKET, BY APPLICATION
CHAPTER 8: OUTDOOR POWER EQUIPMENT MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Outdoor Power Equipment Market," the outdoor power equipment market size was valued at $24.4 billion in 2021, and outdoor power equipment industry is estimated to reach $41.1 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.Outdoor power equipment uses compact engines or small motors for functioning. If the equipment is used specifically for outdoor services, then it is referred to as outdoor power equipment. The outdoor power equipment generally includes, brush cutters, edgers, chain saws, power rakes, and more.
The market is being driven by rise in usage of battery-powered outdoor power equipment for lawn maintenance and gardening activities. Rise in demand for landscaping services and rise in interest among homeowners in gardening activities are likely to boost the sales of outdoor power equipment during the forecast period. The globe is progressing toward more environmentally friendly technologies. People are shifting to greener energy sources to minimize carbon emissions and improve environmental safety. However, gardeners have recently become aware of the different advantages of electric lawnmowers over conventional equivalents or gas-powered equipment, which generate nearly 5-6% of total hydrocarbons in the atmosphere in metropolitan areas.
The market for outdoor power equipment is mature, and its growth is mostly influenced by variables, such as population and age distribution, consumer spending, housing and other constructions, location, and recreational and leisure activities. The presence of above mentioned initiatives and applications is expected to provide ample opportunities for the development of the market.
Robotics and battery technology are set to play a significant role in the future of this industry. The operational costs of battery-powered (for instance, cleaner) equipment are cheaper than those of natural gas-powered devices. Moreover, battery-powered equipment is expected to promote sales of big equipment, such as lawnmowers in both, commercial and domestic sectors. With their lower prices, simplicity of use, and technical advancements, robotic lawnmowers are expected to become more popular in the future years.
The outdoor power equipment market forecast is segmented on the basis of type, power source, functionality, application, and region. On the basis of type, it is segmented into lawn mowers, saws, trimmers & edgers, blowers, snow throwers, tillers & cultivators, and others. On the basis of power source, the market is bifurcated into fuel powered and electric powered. On the basis of functionality, it is segmented into connected/smart and conventional. In addition, on the basis of application, the market is segmented into residential and commercial.
Region-wise, the outdoor power equipment market analysis is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest outdoor power equipment market share, followed by Europe and Asia-Pacific.
The major companies profiled in this report include McLane, American Lawn Mower, Husqvarna, MTD, Oregon, Snow Joe, Briggs & Stratton, TTI, Craftsman, Worx, Bosch, Honda, Cub Cadet, Troy Blit LLC, Champion Power Equipment, Kipor Power, and Toro Company.
The rise in the investment among the major market players to develop highly efficient equipment has fueled the outdoor power equipment market opportunities. Additional growth strategies, such as expansion of production capacities, acquisition, partnership and research & innovation in the solar energy application, led to attain key developments in the global outdoor power equipment market trends.
Key Findings of the Study
- North America is expected to exhibit CAGR of 4.7% during 2022-2031.
- By type, the lawn mower segment accounted for the largest share in 2021.
- By power source, the fuel powered segment was the leading segment in 2021.
- By application, the residential segment was the highest revenue contributor in 2021.
- By functionality, the conventional outdoor power equipment segment had market share about 63.8% of the global market share in 2021.
- In Asia-Pacific, Japan is estimated to have market share of 2.2% of the global market share in 2031; and is expected to exhibit CAGR of 5.4% during 2022-2031.
- In Asia-Pacific region, South Korea had market share of 1.2% in 2021; and is expected to exhibit CAGR of 7.1% during 2022-2031 creating high outdoor power equipment market growth in the region.
COVID-19 Analysis
- COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments, and infrastructure companies. The novel coronavirus has affected several economies and caused lockdown in many countries, which has limited the growth of the market. The shutdown of industrial manufacturing led to the decline in demand for gas related equipment in most of the countries globally, which led to decline in demand for outdoor power equipment. The decrease in utilization of power in the industrial facilities across the globe during the outbreak has a negative impact on the development of the market.
- In the post-pandemic period, a surge in demand for outdoor power equipment has been witnessed with the resumption of operations in various industries. The COVID-19 pandemic has substantially impacted the value chain of the outdoor power equipment market; however, there has been a consistent revival of the value chain, leading to steady market growth. The U.S., China, and Germany accounted for significant shares of the market in 2021. Considerable increase in demand for maintenance of public and private spaces from commercial and residential/DIY application segments is driving the market growth in the post-pandemic period.
Companies Mentioned
- Earthwise
- Husqvarna
- Mtd
- Oregon
- Snow Joe
- Tti
- Craftsman
- Worx
- Bosch Ltd
- Honda
- Cub Cadet
- Troy Blit LLC
- Toro Company
- Briggs & Stratton Corporation
- Mclane
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 305 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 24.4 billion |
| Forecasted Market Value ( USD | $ 41.1 billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
