Market Overview:
Global Outdoor Power Equipment Market Size Was Valued at USD 115.11 Million In 2022, And Is Projected to Reach USD 166.22 Million By 2030, Growing at A CAGR of 4.7% From 2023 To 2030.
Outdoor power equipment is widely used by both residential and commercial users to perform various tasks such as lawn maintenance, hardscaping, lawn renovation, tree care, organic or natural lawn care, and snow removal. The equipment is powered by gasoline engines, electric units, or batteries, and the market is witnessing a shift towards advanced and innovative products, including robotic lawn mowers and electric equipment.
Market Drivers and Opportunities:
The increasing focus on enhancing the aesthetic appeal of residential and commercial properties is driving the demand for outdoor power equipment. Rising urbanization and the development of smart cities and green spaces are also contributing to the market's growth. Moreover, advancements in technology, the adoption of IoT devices, and the demand for smart and connected products are providing opportunities for the development of intelligent and networked outdoor power equipment.
Market Trend Analysis:
The market is witnessing a trend towards the development of advanced and innovative products, such as robotic lawn mowers. The demand for alternative energy sources and more efficient equipment is increasing, leading to a rise in the adoption of electric and cordless outdoor power equipment. Manufacturers are focusing on delivering connected equipment with evolving technology to attract more customers and meet the growing demand.
Segment Analysis:
The outdoor power equipment market can be segmented based on equipment type, power source, functionality, and applications. The lawn mower segment is expected to dominate the market over the forecast period. Lawn mowers are widely used for mowing and trimming grass patches, fields, lawns, and gardens to maintain their aesthetics. The increasing development of parks and gardens in residential buildings and cities is driving the demand for lawn mowers.
Major Market Players:
Key players in the outdoor power equipment market include Corradi S.P.A., AirBoss Air Tools Co. Ltd., Andreas Stihl AG & Co. KG, American Lawn Mower Company, Apex Tool Group LLC, BEFCO Inc., Blount International Inc., Cub Cadet, Draper Tools Ltd., Briggs & Stratton Corporation, Craftsman, Bigger Boyz Toyz Australia Pty Ltd, Comifer Srl, CAO HUNG TECHNICAL SERVICE TRADING COMPANY LIMITED, Arboriculture Canada Training and Education Ltd., and others.
Key Industry Developments in the Outdoor Power Equipment Market
In March 2023, Briggs & Stratton Introduced the Vanguard Commercial Lithium Power 5000, a heavy-duty lithium-ion battery for commercial grounds maintenance equipment. This innovation paves the way for powerful zero-emission solutions in professional landscaping.
In April 2023, TTI (Greenworks) Unveiled a 60V battery-powered chainsaw capable of professional-grade cutting performance. This launch highlights the growing trend towards powerful cordless options, reducing noise and emissions.
In June 2023, Husqvarna Launched the Automower® 535 AWD robotic lawn mower, featuring all-wheel drive for tackling steeper slopes and rough terrain. This advancement in robotic mowers caters to increasing demand for automated yard care while maintaining a green footprint.
Outdoor Power Equipment Market Segmentation:
By Equipment Type
- Lawn Mower
- Chainsaw
- Trimmer & Edger
- Others
By Power Source
- Fuel
- Electric
By Functionality
- Connected/Smart
- Conventional
By Applications
- Commercial
- Residential
