Outdoor Power Equipment Companies

Outdoor Power Equipment Market Competitive Landscape

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

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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).

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. '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 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.

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.

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.

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Outdoor Power Equipment Market Competitive Landscape

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