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

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.