Outdoor Power Equipment Market Size & Share, By Type (Lawn Mower [Push-behind/Walk-behind Lawn Mowers, Riding/Ride-on Lawn Mowers, Robotic Lawn Mowers], Chainsaw, Trimmer & Edger, Blowers, Tillers & Cultivators, Snow Throwers, Others), Power, End User, Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Outdoor Power Equipment Market size crossed USD 35.02 Billion in 2023 and is expected to reach USD 59.85 Million by end of the year 2032, observing around 5.7% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 35.02 Billion
• CAGR (2024-2032): 5.7%
• Forecast Year Value (2032): USD 59.85 Million
• Historical Data Period: 2019-2023
• Largest Region: North America
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

1. Increasing demand for landscaping and gardening: The growing trend of outdoor living spaces and increasing interest in gardening and landscaping activities is driving the demand for outdoor power equipment. As more people invest in maintaining their outdoor spaces, the need for lawnmowers, trimmers, and other power equipment continues to rise.

2. Technological advancements: The development of advanced outdoor power equipment with features such as improved battery life, enhanced performance, and reduced emissions is driving market growth. Manufacturers are investing in research and development to introduce innovative products, including battery-powered and automated outdoor power equipment, which is attracting a wider customer base.

3. Growing urbanization and commercialization: The increasing urbanization and commercialization of areas such as parks, recreational facilities, and sports fields have contributed to the demand for outdoor power equipment. Municipalities, landscaping companies, and commercial property owners are investing in high-quality power equipment to maintain outdoor spaces, driving the market growth.

4. Rising disposable income: As disposable income levels rise, consumers are more willing to invest in outdoor power equipment for personal use. The increasing affordability of outdoor power equipment, coupled with the willingness to spend on leisure and recreation, is driving market growth in the consumer segment.

Report Scope

Report Coverage	Details
Segments Covered	Type, Power, End Used
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Honda MotorsHusqvarna AB, Makita Corp., Robert Bosch, Techtronic Industries., Yamabiko, AL-KO Kober Group, Briggs & Stratton Corp., Andreas Stihl AG & Company KG, MTD Holdings, Stanley Black and Decker, Andreas Stihl AG & Company KG, CHERVON Trading, Ariens Company, The Toro Company, Deere & Company

Industry Restraints:

1. Environmental concerns: The outdoor power equipment market is facing restraints due to increasing environmental regulations and concerns related to emissions and noise pollution. Manufacturers are under pressure to develop eco-friendly and sustainable products, which may increase production costs and impact profit margins.

2. High maintenance and operational costs: The high maintenance and operational costs associated with outdoor power equipment can act as a restraint on market growth. Consumers and businesses may be reluctant to invest in power equipment with expensive upkeep requirements, limiting market expansion.

3. Seasonal demand: The outdoor power equipment market is susceptible to seasonal demand, with higher sales during the spring and summer months and lower demand in the fall and winter. This seasonal fluctuation can create challenges for manufacturers and retailers in terms of inventory management and sales forecasting. Additionally, it can impact the financial stability of businesses operating in this industry.

Regional Forecast:

North America:

In North America, the outdoor power equipment market is dominated by the United States and Canada. The region has a strong demand for outdoor power equipment due to its large agricultural sector, landscaping industry, and DIY culture. The U.S. is the largest market in the region, driven by the high income levels, large land area, and a strong emphasis on maintaining outdoor spaces.

Asia Pacific:

In Asia Pacific, China, Japan, and South Korea are the major markets for outdoor power equipment. China is the largest market in the region, driven by the rapid urbanization and increasing disposable income. Japan and South Korea also have significant demand for outdoor power equipment due to their established landscaping and gardening industries.

Europe:

In Europe, the outdoor power equipment market is strong in the United Kingdom, Germany, and France. The market in these countries is driven by a growing trend of home gardening and landscaping, as well as increasing emphasis on maintaining public green spaces. The European market is also influenced by strict regulations related to emissions and noise, leading to the adoption of more eco-friendly and quieter outdoor power equipment.

Segmentation Analysis:

In terms of segmentation, the global outdoor power equipment market is analyzed on the basis of Type, Power, End Used.

Segment Analysis of Outdoor Power Equipment Market

Type

The type segment of the outdoor power equipment market refers to the different categories of equipment available for various outdoor tasks. This includes lawn mowers, chainsaws, trimmers, blowers, and more. Each type of equipment is designed for specific purposes and provides different features to cater to the diverse needs of consumers. For instance, lawn mowers are used for cutting grass in gardens and lawns, while chainsaws are primarily used for cutting trees and branches. The type segment helps manufacturers and marketers to understand the demand for different equipment and create targeted marketing strategies to meet specific consumer needs.

Power

The power segment of the outdoor power equipment market focuses on the different power sources used to operate the equipment. This includes gas-powered, electric-powered, and battery-powered outdoor power equipment. Gas-powered equipment provides high power output and is generally used for heavy-duty tasks, while electric-powered equipment is preferred for its eco-friendliness and lower noise levels. Battery-powered equipment is gaining popularity due to its portability and reduced environmental impact. Understanding the power preferences of consumers in different regions will allow manufacturers to tailor their product offerings and expand their market reach.

End Use

The end-use segment of the outdoor power equipment market entails the various applications for which the equipment is used. This includes residential, commercial, and industrial end uses. Residential end use encompasses equipment utilized for maintaining yards, gardens, and outdoor spaces at individual homes. Commercial end use involves equipment used by professional landscapers, groundskeepers, and maintenance crews for commercial properties such as parks, golf courses, and public spaces. Industrial end use includes heavy-duty equipment used in construction, forestry, and agriculture. Identifying the specific end-use requirements and trends in the market will enable companies to develop targeted products and services to meet the unique demands of each segment.

Competitive Landscape:

The competitive landscape in the outdoor power equipment market is characterized by intense competition, innovation, and a focus on product quality and performance. Key players in the market are constantly striving to gain a competitive edge through technological advancements and new product developments. The market is also witnessing strategic collaborations, partnerships, and mergers and acquisitions to expand their presence and gain a larger market share. Additionally, companies are also focusing on sustainability and environmentally friendly products to meet the growing demand for eco-friendly outdoor power equipment. Overall, the market is highly competitive with companies vying for market dominance through various strategic initiatives.

Top Market Players:

1. Husqvarna Group

2. Deere & Company

3. Honda Power Equipment

4. Stihl

5. MTD Products

6. Bosch Power Tools

7. Toro

8. Stanley Black & Decker

9. Briggs & Stratton Corporation

10. Ariens Company