Outdoor Power Equipment Market Synopsis
Global Outdoor Power Equipment Market Size Was Valued at USD 120.52 Million In 2023, And Is Projected to Reach USD 120.52 Million By 2032, Growing at A CAGR of 4.92% From 2024 To 2032.
Outdoor Power Equipment (OPE) refers to equipment with small motors or engines that is primarily used outdoors. Outdoor power equipment is utilized by residential and commercial users for a variety of tasks, including landscaping and maintaining lawns, gardens, and golf courses.
- The equipment is powered by a gasoline engine, an electric unit, or batteries and is robust and efficient, making it more popular. In addition, increasing urbanization has resulted in the development of smart cities and infrastructure, which has increased the demand for this construction equipment.
- The market for outdoor power equipment is shifting towards advanced and innovative products. A notable illustration is the robotic lawn mower. The demand for alternative energy sources and more efficient equipment is gradually increasing. The market is currently saturated with electric lawnmowers and robotic outdoor power equipment.
- While robotic lawnmowers are still in their infancy, electric lawnmowers have proven to be cost-effective and provide the necessary torque for landscaping tasks. Focus is being placed on developing fully and partially automatic lawn equipment for both commercial and residential clients. These factors fuel market expansion.
The Outdoor Power Equipment Market Trend Analysis
Increasing Gardening Efforts To Boost Market Expansion
- Market demand for equipment is primarily driven by the rising demand for landscaping services to enhance the aesthetic appeal of residential properties. Additionally, commercial users utilize it to improve the appearance of their properties.
- For lawn maintenance, hardscaping, lawn renovation, tree care, organic or natural lawn care, and snow removal, outdoor power equipment such as lawnmowers, blowers, hedge trimmers, and saws are used in the landscaping industry. 70% of the world's population will reside in or near urban areas, where increased landscaping and gardening activities will contribute to an increase in demand for outdoor equipment.
- Urbanization will increase the demand for smart cities and green spaces, as well as for new buildings, the maintenance of public green spaces and parks, and the purchase of equipment. In this context, numerous companies, such as Makita Corporation, develop cordless OPE systems as alternatives to gas-powered equipment in order to meet the demand for the equipment.
Technological Advancements and Extensive Economic Growth
- The introduction of a new product with evolving technology has always been a key market and industry growth driver, enabling businesses to attract more customers and meet rising demand.
- As the adoption of IoT devices and the demand for smart and connected products increases, manufacturers are emphasizing the delivery of connected equipment. Developments in technology and the adoption of wireless networking techniques result in the creation of intelligent and networked tools.
- For leading OPE manufacturers, the production of the intelligent and connected equipment is becoming increasingly important. For instance, technological advancements are anticipated to benefit the market by fostering the growth of robotic lawnmowers. In addition, the demand for battery-powered and cordless saws in the construction industry is the primary driver of the segment's expansion.
Segmentation Analysis Of The Outdoor Power Equipment Market
Outdoor Power Equipment market segments cover the Equipment Type, Power Source, Functionality, and Applications. By Equipment Type, the Lawn Mower segment is Anticipated to Dominate the Market Over the Forecast period.
- Lawnmowers dominate the global market for outdoor power equipment. A lawnmower is a machine with one or more rotating blades that even out the height of the grass. A small internal combustion engine is the most typical self-contained power source for lawnmowers. Smaller lawnmowers frequently lack any form of propulsion and must be pushed across the surface by hand.
- Lawnmowers are widely used around the world for chopping, trimming, and mowing grass patches, fields, lawns, and gardens to ensure that the grass is well-groomed and grows at the proper height. The increased development of parks and small-scale gardens in residential buildings and cities in an effort to reduce pollution has led to an increase in the demand for lawnmowers to maintain the aesthetics of these spaces.
- Individuals' increased investment in residences with gardens has contributed to the expansion of the market. The presence of the aforementioned factors is anticipated to create numerous opportunities for market growth.
Regional Analysis of The Outdoor Power Equipment Market
North America is Expected to Dominate the Market Over the Forecast period.
- The United States holds a substantial market share, followed by Canada and Mexico. According to U.S. government regulations, community garden plots are also regarded as an integral part of society; consequently, the use of gardening tools boosts the market for outdoor power equipment. The presence of snow during the winter season has led to an increase in demand for outdoor power equipment, specifically snow blowers.
- The increase in urbanization and the willingness of consumers to spend discretionary income on recreational activities such as golf and landscaping services has a positive effect on the sales of small engines for commercial and residential applications. The government's initiatives in infrastructure development are facilitating massive construction projects, primarily in the urban areas of the countries.
- The expansion of the construction industry is primarily driven by the private sector's ongoing investments in residential and commercial building projects. Additionally, individual homes in the United States with lawn or garden areas play a significant role in promoting the use of various outdoor power equipment. Due to the rise in the construction of single-family homes, the demand for lawns among Americans is rising.
- Increasing construction and the rising popularity of do-it-yourself projects are driving up the demand for outdoor equipment in North America. The aforementioned initiatives are a major factor propelling the growth of this region's market over the forecast period. The following figure shows the new residential construction in the United State which depict the growing demand for Outdoor Power Equipment.
Covid-19 Impact Analysis On the Outdoor Power Equipment Market
- COVID-19 has had a devastating impact on global trade, which has impacted households, businesses, financial institutions, industrial firms, and infrastructure companies. The novel coronavirus has impacted a number of economies and caused lockdowns in a number of nations, limiting the market's expansion.
- The cessation of industrial manufacturing led to a decrease in demand for gas-related equipment in the majority of the world's nations, which in turn led to a decrease in demand for outdoor power equipment. During the outbreak, the decrease in power consumption in industrial facilities across the globe has had a negative impact on market growth.
- With the resumption of operations in numerous industries, a surge in demand for outdoor power equipment has been observed in the post-pandemic period. The COVID-19 pandemic has had a significant impact on the value chain of the outdoor power equipment market; however, the value chain has been consistently revitalized, resulting in steady market growth.
- The United States, China, and Germany held significant market shares in 2021. In the post-pandemic period, market growth is being driven by a significant increase in demand from the commercial and residential/DIY application segments for the maintenance of public and private spaces.
Top Key Players Covered in The Outdoor Power Equipment Market
- 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 Other Major Players
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.
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Global Outdoor Power Equipment Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 120.52 Mn. |
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Forecast Period 2023-30 CAGR: |
4.92% |
Market Size in 2032: |
USD 120.52 Mn. |
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Segments Covered: |
By Equipment Type |
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By Power Source |
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By Functionality |
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By Applications |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Equipment Type
3.2 By Power Source
3.3 By Functionality
3.4 By Applications
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Outdoor Power Equipment Market by Equipment Type
5.1 Outdoor Power Equipment Market Overview Snapshot and Growth Engine
5.2 Outdoor Power Equipment Market Overview
5.3 Lawn Mower
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Lawn Mower: Geographic Segmentation
5.4 Chainsaw
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Chainsaw: Geographic Segmentation
5.5 Trimmer & Edger
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Trimmer & Edger: Geographic Segmentation
5.6 Others
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Others: Geographic Segmentation
Chapter 6: Outdoor Power Equipment Market by Power Source
6.1 Outdoor Power Equipment Market Overview Snapshot and Growth Engine
6.2 Outdoor Power Equipment Market Overview
6.3 Fuel
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Fuel: Geographic Segmentation
6.4 Electric
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Electric: Geographic Segmentation
Chapter 7: Outdoor Power Equipment Market by Functionality
7.1 Outdoor Power Equipment Market Overview Snapshot and Growth Engine
7.2 Outdoor Power Equipment Market Overview
7.3 Connected/Smart
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Connected/Smart: Geographic Segmentation
7.4 Conventional
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Conventional: Geographic Segmentation
Chapter 8: Outdoor Power Equipment Market by Applications
8.1 Outdoor Power Equipment Market Overview Snapshot and Growth Engine
8.2 Outdoor Power Equipment Market Overview
8.3 Commercial
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size (2017-2032F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Commercial: Geographic Segmentation
8.4 Residential
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size (2017-2032F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 Residential: Geographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Positioning
9.1.2 Outdoor Power Equipment Sales and Market Share By Players
9.1.3 Industry BCG Matrix
9.1.4 Heat Map Analysis
9.1.5 Outdoor Power Equipment Industry Concentration Ratio (CR5 and HHI)
9.1.6 Top 5 Outdoor Power Equipment Players Market Share
9.1.7 Mergers and Acquisitions
9.1.8 Business Strategies By Top Players
9.2 CORRADI S.P.A.
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Operating Business Segments
9.2.5 Product Portfolio
9.2.6 Business Performance
9.2.7 Key Strategic Moves and Recent Developments
9.2.8 SWOT Analysis
9.3 AIRBOSS AIR TOOLS CO. LTD.
9.4 ANDREAS STIHL AG & CO. KG
9.5 AMERICAN LAWN MOWER COMPANY
9.6 APEX TOOL GROUP LLC
9.7 BEFCO INC.
9.8 BLOUNT INTERNATIONAL INC.
9.9 CUB CADET
9.10 DRAPER TOOLS LTD.
9.11 BRIGGS & STRATTON CORPORATION
9.12 CRAFTSMAN
9.13 BIGGER BOYZ TOYZ AUSTRALIA PTY LTD
9.14 COMIFER SRL
9.15 CAO HUNG TECHNICAL SERVICE TRADING COMPANY LIMITED
9.16 ARBORICULTURE CANADA TRAINING AND EDUCATION LTD.
9.17 OTHER MAJOR PLAYERS
Chapter 10: Global Outdoor Power Equipment Market Analysis, Insights and Forecast, 2017-2032
10.1 Market Overview
10.2 Historic and Forecasted Market Size By Equipment Type
10.2.1 Lawn Mower
10.2.2 Chainsaw
10.2.3 Trimmer & Edger
10.2.4 Others
10.3 Historic and Forecasted Market Size By Power Source
10.3.1 Fuel
10.3.2 Electric
10.4 Historic and Forecasted Market Size By Functionality
10.4.1 Connected/Smart
10.4.2 Conventional
10.5 Historic and Forecasted Market Size By Applications
10.5.1 Commercial
10.5.2 Residential
Chapter 11: North America Outdoor Power Equipment Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Equipment Type
11.4.1 Lawn Mower
11.4.2 Chainsaw
11.4.3 Trimmer & Edger
11.4.4 Others
11.5 Historic and Forecasted Market Size By Power Source
11.5.1 Fuel
11.5.2 Electric
11.6 Historic and Forecasted Market Size By Functionality
11.6.1 Connected/Smart
11.6.2 Conventional
11.7 Historic and Forecasted Market Size By Applications
11.7.1 Commercial
11.7.2 Residential
11.8 Historic and Forecast Market Size by Country
11.8.1 US
11.8.2 Canada
11.8.3 Mexico
Chapter 12: Eastern Europe Outdoor Power Equipment Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Equipment Type
12.4.1 Lawn Mower
12.4.2 Chainsaw
12.4.3 Trimmer & Edger
12.4.4 Others
12.5 Historic and Forecasted Market Size By Power Source
12.5.1 Fuel
12.5.2 Electric
12.6 Historic and Forecasted Market Size By Functionality
12.6.1 Connected/Smart
12.6.2 Conventional
12.7 Historic and Forecasted Market Size By Applications
12.7.1 Commercial
12.7.2 Residential
12.8 Historic and Forecast Market Size by Country
12.8.1 Bulgaria
12.8.2 The Czech Republic
12.8.3 Hungary
12.8.4 Poland
12.8.5 Romania
12.8.6 Rest of Eastern Europe
Chapter 13: Western Europe Outdoor Power Equipment Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Equipment Type
13.4.1 Lawn Mower
13.4.2 Chainsaw
13.4.3 Trimmer & Edger
13.4.4 Others
13.5 Historic and Forecasted Market Size By Power Source
13.5.1 Fuel
13.5.2 Electric
13.6 Historic and Forecasted Market Size By Functionality
13.6.1 Connected/Smart
13.6.2 Conventional
13.7 Historic and Forecasted Market Size By Applications
13.7.1 Commercial
13.7.2 Residential
13.8 Historic and Forecast Market Size by Country
13.8.1 Germany
13.8.2 UK
13.8.3 France
13.8.4 Netherlands
13.8.5 Italy
13.8.6 Russia
13.8.7 Spain
13.8.8 Rest of Western Europe
Chapter 14: Asia Pacific Outdoor Power Equipment Market Analysis, Insights and Forecast, 2017-2032
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Equipment Type
14.4.1 Lawn Mower
14.4.2 Chainsaw
14.4.3 Trimmer & Edger
14.4.4 Others
14.5 Historic and Forecasted Market Size By Power Source
14.5.1 Fuel
14.5.2 Electric
14.6 Historic and Forecasted Market Size By Functionality
14.6.1 Connected/Smart
14.6.2 Conventional
14.7 Historic and Forecasted Market Size By Applications
14.7.1 Commercial
14.7.2 Residential
14.8 Historic and Forecast Market Size by Country
14.8.1 China
14.8.2 India
14.8.3 Japan
14.8.4 South Korea
14.8.5 Malaysia
14.8.6 Thailand
14.8.7 Vietnam
14.8.8 The Philippines
14.8.9 Australia
14.8.10 New Zealand
14.8.11 Rest of APAC
Chapter 15: Middle East & Africa Outdoor Power Equipment Market Analysis, Insights and Forecast, 2017-2032
15.1 Key Market Trends, Growth Factors and Opportunities
15.2 Impact of Covid-19
15.3 Key Players
15.4 Key Market Trends, Growth Factors and Opportunities
15.4 Historic and Forecasted Market Size By Equipment Type
15.4.1 Lawn Mower
15.4.2 Chainsaw
15.4.3 Trimmer & Edger
15.4.4 Others
15.5 Historic and Forecasted Market Size By Power Source
15.5.1 Fuel
15.5.2 Electric
15.6 Historic and Forecasted Market Size By Functionality
15.6.1 Connected/Smart
15.6.2 Conventional
15.7 Historic and Forecasted Market Size By Applications
15.7.1 Commercial
15.7.2 Residential
15.8 Historic and Forecast Market Size by Country
15.8.1 Turkey
15.8.2 Bahrain
15.8.3 Kuwait
15.8.4 Saudi Arabia
15.8.5 Qatar
15.8.6 UAE
15.8.7 Israel
15.8.8 South Africa
Chapter 16: South America Outdoor Power Equipment Market Analysis, Insights and Forecast, 2017-2032
16.1 Key Market Trends, Growth Factors and Opportunities
16.2 Impact of Covid-19
16.3 Key Players
16.4 Key Market Trends, Growth Factors and Opportunities
16.4 Historic and Forecasted Market Size By Equipment Type
16.4.1 Lawn Mower
16.4.2 Chainsaw
16.4.3 Trimmer & Edger
16.4.4 Others
16.5 Historic and Forecasted Market Size By Power Source
16.5.1 Fuel
16.5.2 Electric
16.6 Historic and Forecasted Market Size By Functionality
16.6.1 Connected/Smart
16.6.2 Conventional
16.7 Historic and Forecasted Market Size By Applications
16.7.1 Commercial
16.7.2 Residential
16.8 Historic and Forecast Market Size by Country
16.8.1 Brazil
16.8.2 Argentina
16.8.3 Rest of SA
Chapter 17 Investment Analysis
Chapter 18 Analyst Viewpoint and Conclusion
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Global Outdoor Power Equipment Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 120.52 Mn. |
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Forecast Period 2023-30 CAGR: |
4.92% |
Market Size in 2032: |
USD 120.52 Mn. |
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Segments Covered: |
By Equipment Type |
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By Power Source |
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By Functionality |
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By Applications |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Outdoor Power Equipment Market research report is 2024-2032.
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 other major players.
The Outdoor Power Equipment Market is segmented into Equipment Type, Power Source, Functionality, and region. By Equipment Type, the market is categorized into Lawn Mower, Chainsaws, Trimmers & Edger, and Others. By Power Source, the market is categorized into Fuel, Electric. By Functionality, the market is categorized into Connected/Smart, Conventional. By Applications, the market is categorized into Commercial, Residential. By region, it is analyzed across North America (US, Canada, Mexico), Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC), Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
Outdoor Power Equipment (OPE) is equipment with small motors or engines primarily used for exterior service. Residential and commercial users use outdoor power equipment for various tasks such as landscaping and maintaining lawns, gardens, and golf courses.
Global Outdoor Power Equipment Market Size Was Valued at USD 120.52 Million In 2023, And Is Projected to Reach USD 120.52 Million By 2032, Growing at A CAGR of 4.92% From 2024 To 2032.
