Outdoor power equipment refers to machinery powered by an engine or electric motor, designed for non-agricultural landscaping, gardening, or land cultivation. These devices, which can include tools like saws, shovels, or drills, are utilized to perform or facilitate manual or mechanical work outdoors. Common applications include cutting lawns, maintaining gardens, caring for golf courses, landscaping tasks, and overall ground maintenance.
The main types of outdoor power equipment encompass trimmers and edgers, lawnmowers, blowers, tillers and cultivators, snow throwers, and others. Trimmers and edgers are particularly useful for maintaining a tidy yard and lawn, with edgers specifically employed for creating a neat and finished edge in the yard. Outdoor power equipment can be powered by various sources, including fuel-powered and electric-powered systems, and finds applications in both residential and commercial settings.
The outdoor power equipment market research report is one of a series of new reports that provides outdoor power equipment market statistics, including outdoor power equipment industry global market size, regional shares, competitors with a outdoor power equipment market share, detailed outdoor power equipment market segments, market trends and opportunities, and any further data you may need to thrive in the outdoor power equipment industry. This outdoor power equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The outdoor power equipment market size has grown steadily in recent years. It will grow from $28.28 billion in 2023 to $28.89 billion in 2024 at a compound annual growth rate (CAGR) of 2.1%. The growth observed in the historical period can be attributed to factors such as urbanization trends, increased focus on landscaping and gardening, the expansion of commercial landscaping services, agricultural and farming activities, and the maintenance of sports fields
The outdoor power equipment market size is expected to see steady growth in the next few years. It will grow to $33.08 billion in 2028 at a compound annual growth rate (CAGR) of 3.4%. The anticipated growth in the forecast period can be attributed to factors such as the utilization of outdoor power equipment in diverse work environments, government initiatives promoting outdoor maintenance and landscaping, the emphasis on extreme weather preparedness, increased adoption of rental and leasing services for outdoor equipment, and seasonal demand fluctuations. Major trends expected in the forecast period include technological advancements in outdoor power equipment, a growing focus on sustainable landscaping practices, the rise of battery-powered equipment, increased use of electric lawnmowers, and the development of smart and connected outdoor power equipment.
The anticipated growth in the construction industry is set to drive the expansion of the outdoor power equipment market. Construction, involving building, altering, repairing, remodeling, improving, or demolishing structures, utilizes outdoor power equipment for tasks like clearing soil and vegetation before commencing work and for grounds maintenance. As per the FMI Corporation, an American management consulting company, there is a projected 5% increase in engineering and construction investment in 2022 compared to 2021. Hence, the surge in the construction industry is a key driver of the outdoor power equipment market.
The expected rise in the demand for gardening is poised to be a significant factor propelling the outdoor power equipment market. Gardening, the cultivation and care of plants in outdoor or indoor spaces, involves various activities related to plant care. Outdoor power equipment enhances gardening experiences by saving time, reducing physical effort, improving productivity, precision, safety, versatility, and delivering efficient, professional-looking results. According to the National Gardening Association, the average household spent $616 on lawn and gardening activities in 2022, marking a $74 increase from 2021. Therefore, the growing demand for gardening contributes to the growth of the outdoor power equipment market.
Technological advancements are emerging as a prominent trend in the outdoor power equipment market. Major companies in this sector are actively developing new technological solutions to maintain their market position. For example, Stihl, a German company specializing in chainsaws and outdoor power equipment, introduced the Stihl MSA 300, a new chain saw based on Power Laminate technology, in February 2022. This chainsaw boasts being the most powerful battery-powered version and features an LED display for monitoring the saw's status.
Major companies in the outdoor power equipment market are concentrating on innovative products such as motor controllers to boost their market revenues. Motor controllers, designed to regulate electric motor operation, play a crucial role in managing speed, direction, and efficiency. In October 2022, Delta Systems Inc., a US-based manufacturer of switches and controls for outdoor power equipment, launched motor controllers providing improved speed control for brushless DC (BLDC) and permanent magnet AC (PMAC) motors. These motors are commonly used in devices powered by lead-acid or lithium-ion batteries. The new motor controllers, featuring IP67A sealing, ensure reliable operation in challenging environmental conditions, and they come with an integrated vehicle control module (VCM), eliminating the need for an additional external module.
In August 2021, Stanley Black & Decker, a US-based industrial tools and household hardware manufacturer, acquired MTD Holdings Inc for $1.6 billion. This strategic acquisition establishes Stanley Black & Decker as a global leader in outdoor products, complementing their position as the fastest-growing provider of cordless electric outdoor power equipment. MTD Holdings, a US-based company, is known for manufacturing outdoor power equipment.
Major companies operating in the outdoor power equipment market include Briggs & Stratton Corporation, Deere & Company, Honda Motor Co. Ltd., The Husqvarna Group., Makita Corporation., Yamabiko Corporation, STIHL AG & Co. KG, Techtronic Industries Company Ltd., The Toro Company, Andreas Stihl AG & Co.KG, AriensCo, Oregon Tool Inc., Snow Joe LLC., Craftsman, Positec Tool Corporation., AL-Ko Kober Group, Excel Industries Inc., Chevron Trading Co Ltd., MTD Holdings Inc., Stanley Black and Decker Inc., Robert Bosch GmbH, Greenworks Tools, EGO Power Plus, Ryobi Limited, Snapper Inc., Troy-Bilt LLC., Remington Arms Company LLC., Swisher Acquisition Inc.
North America was the largest region in the outdoor power equipment market in 2023. The regions covered in the outdoor power equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the outdoor power equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The outdoor power equipment market consists of sales of pressure Washers, generators, lawn mowers, riding lawn mowers, leaf blowers and slow removal equipments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The main types of outdoor power equipment encompass trimmers and edgers, lawnmowers, blowers, tillers and cultivators, snow throwers, and others. Trimmers and edgers are particularly useful for maintaining a tidy yard and lawn, with edgers specifically employed for creating a neat and finished edge in the yard. Outdoor power equipment can be powered by various sources, including fuel-powered and electric-powered systems, and finds applications in both residential and commercial settings.
The outdoor power equipment market research report is one of a series of new reports that provides outdoor power equipment market statistics, including outdoor power equipment industry global market size, regional shares, competitors with a outdoor power equipment market share, detailed outdoor power equipment market segments, market trends and opportunities, and any further data you may need to thrive in the outdoor power equipment industry. This outdoor power equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The outdoor power equipment market size has grown steadily in recent years. It will grow from $28.28 billion in 2023 to $28.89 billion in 2024 at a compound annual growth rate (CAGR) of 2.1%. The growth observed in the historical period can be attributed to factors such as urbanization trends, increased focus on landscaping and gardening, the expansion of commercial landscaping services, agricultural and farming activities, and the maintenance of sports fields
The outdoor power equipment market size is expected to see steady growth in the next few years. It will grow to $33.08 billion in 2028 at a compound annual growth rate (CAGR) of 3.4%. The anticipated growth in the forecast period can be attributed to factors such as the utilization of outdoor power equipment in diverse work environments, government initiatives promoting outdoor maintenance and landscaping, the emphasis on extreme weather preparedness, increased adoption of rental and leasing services for outdoor equipment, and seasonal demand fluctuations. Major trends expected in the forecast period include technological advancements in outdoor power equipment, a growing focus on sustainable landscaping practices, the rise of battery-powered equipment, increased use of electric lawnmowers, and the development of smart and connected outdoor power equipment.
The anticipated growth in the construction industry is set to drive the expansion of the outdoor power equipment market. Construction, involving building, altering, repairing, remodeling, improving, or demolishing structures, utilizes outdoor power equipment for tasks like clearing soil and vegetation before commencing work and for grounds maintenance. As per the FMI Corporation, an American management consulting company, there is a projected 5% increase in engineering and construction investment in 2022 compared to 2021. Hence, the surge in the construction industry is a key driver of the outdoor power equipment market.
The expected rise in the demand for gardening is poised to be a significant factor propelling the outdoor power equipment market. Gardening, the cultivation and care of plants in outdoor or indoor spaces, involves various activities related to plant care. Outdoor power equipment enhances gardening experiences by saving time, reducing physical effort, improving productivity, precision, safety, versatility, and delivering efficient, professional-looking results. According to the National Gardening Association, the average household spent $616 on lawn and gardening activities in 2022, marking a $74 increase from 2021. Therefore, the growing demand for gardening contributes to the growth of the outdoor power equipment market.
Technological advancements are emerging as a prominent trend in the outdoor power equipment market. Major companies in this sector are actively developing new technological solutions to maintain their market position. For example, Stihl, a German company specializing in chainsaws and outdoor power equipment, introduced the Stihl MSA 300, a new chain saw based on Power Laminate technology, in February 2022. This chainsaw boasts being the most powerful battery-powered version and features an LED display for monitoring the saw's status.
Major companies in the outdoor power equipment market are concentrating on innovative products such as motor controllers to boost their market revenues. Motor controllers, designed to regulate electric motor operation, play a crucial role in managing speed, direction, and efficiency. In October 2022, Delta Systems Inc., a US-based manufacturer of switches and controls for outdoor power equipment, launched motor controllers providing improved speed control for brushless DC (BLDC) and permanent magnet AC (PMAC) motors. These motors are commonly used in devices powered by lead-acid or lithium-ion batteries. The new motor controllers, featuring IP67A sealing, ensure reliable operation in challenging environmental conditions, and they come with an integrated vehicle control module (VCM), eliminating the need for an additional external module.
In August 2021, Stanley Black & Decker, a US-based industrial tools and household hardware manufacturer, acquired MTD Holdings Inc for $1.6 billion. This strategic acquisition establishes Stanley Black & Decker as a global leader in outdoor products, complementing their position as the fastest-growing provider of cordless electric outdoor power equipment. MTD Holdings, a US-based company, is known for manufacturing outdoor power equipment.
Major companies operating in the outdoor power equipment market include Briggs & Stratton Corporation, Deere & Company, Honda Motor Co. Ltd., The Husqvarna Group., Makita Corporation., Yamabiko Corporation, STIHL AG & Co. KG, Techtronic Industries Company Ltd., The Toro Company, Andreas Stihl AG & Co.KG, AriensCo, Oregon Tool Inc., Snow Joe LLC., Craftsman, Positec Tool Corporation., AL-Ko Kober Group, Excel Industries Inc., Chevron Trading Co Ltd., MTD Holdings Inc., Stanley Black and Decker Inc., Robert Bosch GmbH, Greenworks Tools, EGO Power Plus, Ryobi Limited, Snapper Inc., Troy-Bilt LLC., Remington Arms Company LLC., Swisher Acquisition Inc.
North America was the largest region in the outdoor power equipment market in 2023. The regions covered in the outdoor power equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the outdoor power equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The outdoor power equipment market consists of sales of pressure Washers, generators, lawn mowers, riding lawn mowers, leaf blowers and slow removal equipments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Outdoor Power Equipment Market Characteristics3. Outdoor Power Equipment Market Trends And Strategies31. Global Outdoor Power Equipment Market Competitive Benchmarking32. Global Outdoor Power Equipment Market Competitive Dashboard33. Key Mergers And Acquisitions In The Outdoor Power Equipment Market
4. Outdoor Power Equipment Market - Macro Economic Scenario
5. Global Outdoor Power Equipment Market Size and Growth
6. Outdoor Power Equipment Market Segmentation
7. Outdoor Power Equipment Market Regional And Country Analysis
8. Asia-Pacific Outdoor Power Equipment Market
9. China Outdoor Power Equipment Market
10. India Outdoor Power Equipment Market
11. Japan Outdoor Power Equipment Market
12. Australia Outdoor Power Equipment Market
13. Indonesia Outdoor Power Equipment Market
14. South Korea Outdoor Power Equipment Market
15. Western Europe Outdoor Power Equipment Market
16. UK Outdoor Power Equipment Market
17. Germany Outdoor Power Equipment Market
18. France Outdoor Power Equipment Market
19. Italy Outdoor Power Equipment Market
20. Spain Outdoor Power Equipment Market
21. Eastern Europe Outdoor Power Equipment Market
22. Russia Outdoor Power Equipment Market
23. North America Outdoor Power Equipment Market
24. USA Outdoor Power Equipment Market
25. Canada Outdoor Power Equipment Market
26. South America Outdoor Power Equipment Market
27. Brazil Outdoor Power Equipment Market
28. Middle East Outdoor Power Equipment Market
29. Africa Outdoor Power Equipment Market
30. Outdoor Power Equipment Market Competitive Landscape And Company Profiles
34. Outdoor Power Equipment Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Outdoor Power Equipment Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on outdoor power equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description:
Where is the largest and fastest growing market for outdoor power equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
- Markets Covered: 1) By Equipment Type: Trimmers and Edgers; Lawn Mowers; Blowers; Tillers nd Cultivators; Snow Throwers; Other Equipment Types 2) By Power Source: Fuel Powered; Electric Powered 3) By Application: Residential; Commercial
- Companies Mentioned: Briggs & Stratton Corporation; Deere & Company; Honda Motor Co. Ltd.; The Husqvarna Group.; Makita Corporation.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Briggs & Stratton Corporation
- Deere & Company
- Honda Motor Co. Ltd.
- The Husqvarna Group.
- Makita Corporation.
- Yamabiko Corporation
- STIHL AG & Co. KG
- Techtronic Industries Company Ltd.
- The Toro Company
- Andreas Stihl AG & Co.KG
- AriensCo
- Oregon Tool Inc.
- Snow Joe LLC.
- Craftsman
- Positec Tool Corporation.
- AL-Ko Kober Group
- Excel Industries Inc.
- Chevron Trading Co Ltd.
- MTD Holdings Inc.
- Stanley Black and Decker Inc.
- Robert Bosch GmbH
- Greenworks Tools
- EGO Power Plus
- Ryobi Limited
- Snapper Inc.
- Troy-Bilt LLC.
- Remington Arms Company LLC.
- Swisher Acquisition Inc.
Methodology
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