USD 46.53 billion
Outdoor Power Equipment Market Size, Share, Growth Analysis, By Type(Lawn Mowers, Trimmer, Blower, Chainsaw), By Power Source(Gasoline Engine, Battery Powered, Electric Motor/Corded), By Sales Channel(E-commerce, Direct Purchase), By Applications(Residential/DIY, Commercial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20E2055 |
Region:
Global |
Published Date: February, 2024
Pages:
265
|Tables:
120
|Figures:
77
Outdoor Power Equipment Market Insights
Outdoor Power Equipment Market size was valued at USD 46.53 billion in 2019 and is poised to grow from USD 49.26 billion in 2023 to USD 76.61 billion by 2031, growing at a CAGR of 5.9% in the forecast period (2024-2031).
Outdoor power equipment is used by both residential and commercial customers for a variety of jobs, including as landscape care of lawns, gardens, and golf courses. The equipment is robust and efficient, which is why it is used more frequently. It is powered by an electric motor, a gasoline engine, or batteries. Growing urbanization has increased the requirement for smart cities and infrastructure, which has increased the need for this machinery for construction projects. Additionally, household customers utilize this equipment to maintain their real estate and engage in gardening tasks, which is what is driving the growth of the outdoor power equipment market.
Due to travel limitations and lockdown regulations, COVID-19 global influence has rocked the world and impacted numerous industry verticals. Despite the current pandemic, the outdoor power equipment market trends have shown a rise in demand, and this trend is expected to continue in 2019. Outdoor equipment sales have been bolstered by factors such as sales through E-commerce websites targeted at household or do-it-yourself (DIY) users. Additionally, a number of homeowners strengthened their ties with live landscaping and spent money maintaining their outdoor areas, which contributed to the market's healthy demand.
US Outdoor Power Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Direct Purchase
Fastest Growth
Direct Purchase
Growth Rate
5.9% CAGR
Global Outdoor Power Equipment Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Outdoor Power Equipment Market Segmental Analysis
The global outdoor power equipment market is segmented based on type, power source, sales channel, application, and region. Based on type, the market is segmented into lawn mowers, trimmer, blower, chainsaw, pressure washer, tillers and cultivators, and others. On the basis of power source, the market can be bifurcated into gasoline engine, battery powered, electric motor/corded. The sales channel segment is segregated in e-commerce, direct purchase. Based on application, the market is segregated into residential/DIY, commercial segments. The regional insights of the market are into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Outdoor Power Equipment Market Analysis by Type
The market is dominated by lawn mower segment as they offer greater mobility and can cover larger areas without fast depleting their fuel. The lawn mower category of outdoor machinery also includes riding lawn mowers, robotic lawn mowers, walk-behind mowers, and lawn and garden tractors. Due to their high degree of operator flexibility and ability to mow in small places, walk-behind mowers are one type of lawnmower segment that dominates the lawnmower category. Additionally, zero-turn mowers (ZTR) with their hydraulic control drive and radius function are efficient options for landscaping gardens. The use of zero-turn mowers is expected to rise in the next few years due to the expansion of gardening activities like cutting the grass on golf courses.
In gardens and lawns, trimmers are typically used to cut edges, establish boundary lines, or split lines so that walkways can be made. The tool or machine is simple to operate and can handle a variety of jobs, including tackling unchecked plant growth and cutting through heavy undergrowth or difficult grass with ease. Blowers are tools used in gardening to move waste materials like leaves and grass clippings. The two sorts of blowers that the major manufacturers in the market offer are snow blowers and leaf blowers.
Outdoor Power Equipment Market Analysis by Sales Channel
Due to numerous stores in important regions like North America, Europe, and Asia Pacific, the direct purchase sales channel will maintain its dominant market share. However, COVID-19's effects have increased equipment sales through online channels. Additionally, as other sales divisions like Lowes and Home Depot invest in improving their outdoor power equipment offerings, the e-commerce sales channel will see a faster growth rate. For landscaping projects and the development of smart cities, commercial users in the construction sector or municipalities employ this technology.
Global Outdoor Power Equipment Market Size By Distribution Channel , 2021(%)
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Outdoor Power Equipment Market Regional Insights
As of 2021, the North America outdoor power equipment market was valued at USD 12.98 billion, making it the largest region. Gasoline-powered machinery rules the market in North America. The use of electric-powered equipment is growing, though, as a result of stringent governmental regulations and a growing emphasis on low emission technologies. For instance, in November 2021, California's governor signed AB 1346, which gradually bans the sale of tiny off-road engines that run on gas. These engines are typically found in equipment meant to lessen the noise and pollution that fossil fuel-powered machinery produces. Additionally, market expansion in the region is fueled by key companies' investments in the industry to keep up with client demand and technological advancement.
On the other hand, Europe will see a gradual expansion of the market as various government organizations attempt to accelerate the implementation of new technology in machinery. For instance, the EGMF and EU legal framework have been working on new legalizations and regulations for mechanical equipment, which includes outdoor and garden equipment, from June 2021.
The increased investment in smart infrastructure, which fuels demand for the market in industrial applications like construction and landscaping, is expected to drive considerable development in the Asia Pacific region over the projected period.
Global Outdoor Power Equipment Market By Geography, 2021 - 2028
- Largest
- Fastest
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Outdoor Power Equipment Market Dynamics
Outdoor Power Equipment Market Driver
- Outdoor power equipment is often powered by gasoline engines, electric motors, and battery-powered motors and is used for lawn, garden, landscaping, golf course, or ground care purposes. Due to the development of remote working, fluctuating gas prices, and emphasis on environmental protection, battery-powered equipment is seeing some of the most dramatic demand across numerous locations. Market leaders are urging the delivery of more user- and environmentally-friendly products while offering clients the best possible option. With the creation of the new product, businesses are utilizing battery power, which enhances consumer comfort and worker productivity.
Outdoor Power Equipment Market Restraint
- With expanding infrastructure and urbanizations, outdoor power equipment is widely used by residential and commercial users to maintain their spaces and realize the concept of smart cities. The US Consumer Product Safety Commission (CPSC) is raising a number of issues with relation to the use of equipment, though. Mowers and other outdoor equipment can be run over, backed over, and rolled over, which poses a risk to society and restrains the market's expansion. In a preliminary examination, government employees found nearly 200 instances of people rolling over or backing over rising lawn mowers, which caused several catastrophic injuries and deaths, including those of youngsters.
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Outdoor Power Equipment Market Competitive Landscape
The competitive landscape is shaped by a variety of major competitors on the global market who supply scale goods for diverse applications. To stay competitive in the outdoor power equipment market share, the key players place a strong emphasis on innovation and the creation of new products using cutting-edge technologies to satisfy the varied needs and preferences of end customers. For instance, one of the top producers of battery-operated equipment, EGO, has made Lowe's Companies, Inc aware of its cooperation in order to make EGO items available online at Lowes.com and in all US shops.
Top Players in the Global Outdoor Power Equipment Market
- Husqvarna Group
- Deere & Company
- STIHL Holding AG & Co. KG
- Briggs & Stratton Corporation
- MTD Products Inc.
- Honda Motor Co., Ltd.
- TTI Inc.
- Stanley Black & Decker Inc.
- Techtronic Industries Co. Ltd. (TTI)
- Kubota Corporation
- Ariens Company
- The Toro Company
- Generac Holdings Inc.
- Makita Corporation
- ECHO Incorporated
- AL-KO Kober SE
- Hitachi Koki Co. Ltd.
- WORX
- Greenworks Tools
- Robert Bosch GmbH
Outdoor Power Equipment Market Recent Developments
- In November 2021, Husqvarna Group and Briggs & Stratton made a settlement deal, LLC addressing the supply chain of engines for ride-on lawn mowers will prevent Husqvarna Group from suffering any severe financial effects from a possible shortage of engines.
- In November 2021, Toro Company unveiled three new products at GIE+Expo 2021 in Louisville, Kentucky, to address the changing needs of landscape contractors. The business has displayed its brand-new Revolution Series of battery-operated industrial lawn care tools.
Outdoor Power Equipment Key Market Trends
- To attract more customers and satisfy the expanding demand, the introduction of new products with rising technology has always been a vital market driver for industry growth. In order to retain their competitive position in the outdoor power equipment market share, top players prioritize innovation and the creation of new products using cutting-edge technologies to satisfy the varied needs and preferences of end customers. For instance, in 2021, ECHO unveiled a backpack blower that was more potent than any ECHO or other manufacturer's recently released versions anywhere in the world. The PB-9010 is without a doubt the strongest backpack blower in the world and is focused on delivering excellence through power, weight, and increased production. End customers, such as professionals or consumers, also favor products with cutting-edge technology.
Outdoor Power Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global outdoor power equipment market is segmented based on type, power source, sales channel, application, and region. According to type, the market is dominated by lawn mower segment as they offer greater mobility and can cover larger areas without fast depleting their fuel. Due to numerous stores in important areas like North America, Europe, and the Asia Pacific, the direct purchase sales channel will maintain its dominant market share. The North America outdoor power equipment market accounted for US$ 12.98 billion, making it the largest region. Gasoline-powered machinery rules the market in North America.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 46.53 billion |
| Market size value in 2031 | USD 76.61 billion |
| Growth Rate | 5.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Outdoor Power Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Outdoor Power Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Outdoor Power Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Outdoor Power Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Outdoor Power Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Outdoor Power Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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