Global Outdoor Power Equipment Market Insights Forecasts to 2033

• The Global Outdoor Power Equipment Market Size was valued at USD 30.67 Billion in 2023.
• The Market is Growing at a CAGR of 3.28% from 2023 to 2033
• The Worldwide Outdoor Power Equipment Market Size is Expected to reach USD 42.34 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period

The Global Outdoor Power Equipment Market Size is expected to reach USD 42.34 Billion by 2033, at a CAGR of 3.28% during the forecast period 2023 to 2033.

Outdoor power equipment runs on smaller engines or small motors. The term "outdoor power equipment" means equipment that is specifically utilised for outdoor services. In general, outdoor power equipment consists of chainsaws, power rakes, brush cutters, edgers, and more. There are several uses for outdoor power equipment in both the business and domestic domains. End users that provide commercial services, including lawn and plant care companies, frequently use outdoor power equipment. DIY and homeowners are the end consumers who use outdoor power equipment for residential reasons. The lawnmower is the outdoor power tool that is most frequently utilised. In addition, manufacturing domestically to reduce operational costs and provide aftermarket services to consumers is one of the essential business tactics used by companies in the outdoor power equipment market to benefit customers and capture untapped market share and income. In addition, the market key players are undertaking various marketing strategies such as social media marketing, social media influencing, content marketing, and digital marketing to develop the footprint with important developments for products, deals, venture acquisitions, and investments with other market key players. The outdoor power equipment market offers sustainable and cost-effective options to handle in a dynamic market.

Report Coverage

This research report categorizes the market for the global outdoor power equipment market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global outdoor power equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global outdoor power equipment market.

Driving Factors

The outdoor power equipment is often used for lawn, garden, golf course and garden care purposes and it is often powered by gasoline engines or electric and battery-powered motors. The more development in working remotely and fluctuating gas prices, the protection of environment. The manufacturer is developing and delivering the product as per consumer demand while offering consumers the best possible options. In the creation of new products, companies are utilizing the battery power of this equipment and trying to enhance the comforts of the consumers and worker productivity. In addition, in 2021, the company Techtronic’s its cordless power tools using red lithium-ion batteries, as they work faster and are expected to have a battery life. The rising urbanization, and disposable income and activities coupled with rising demand for the factors boost the market growth in the forecast period.

Restraining Factors

High maintenance costs continue to be one of the greatest challenges facing the industry. Outdoor power equipment needs to be inspected regularly for accurate functioning. Regular reviews should cover things like checking for broken switches, sharpening, oiling, and other repairs that are necessary to keep the equipment operating correctly. As a result, outdoor power equipment maintenance costs are quite high, which will probably hinder market growth.

Market Segmentation

By Type Insights

The lawn mowers segment dominates the market with the largest revenue share over the forecast period.

Based on type, the global outdoor power equipment market is segmented into lawn mowers, saws, trimmers & edgers, blowers, snow throwers, tillers & cultivators, and others. Among these, the lawn mowers segment is dominating the market with the largest revenue share over the forecast period. The rising demand for residential users for lawn and garden maintenance and since increasing urbanization so activities related to landscaping services are increasing such factors are fuelling the market growth in the forecast period.

By Fuel Insights

The battery-powered segment is witnessing significant CAGR growth over the forecast period.

Based on fuel, the global outdoor power equipment market is segmented into gasoline-powered, battery-powered, and electric motor/corded. Among these, the battery powered segment is witnessing significant growth over the forecast period. Battery-powered fuel does not emit carbon emissions and produces less noise compared to the other fuel. It also helps to reduce the delivery cost and is lighter than petrol.

By Functionality Insights

The connected/smart segment is expected to hold the largest share of the global outdoor power equipment market during the forecast period.

Based on the functionality, the global outdoor power equipment market is classified into connected/smart, and conventional. Among these, the connected/smart segment is expected to hold the largest share of the outdoor power equipment market during the forecast period. Manufacturers are looking for a new opportunity to create long-term value by generating income and reduction of costs through smart linked products.

By Application Insights

The residential segment accounted for the largest revenue share over the anticipation timeframe.

Based on application, the global outdoor power equipment market is segmented into commercial, and residential. Among these, the residential segment dominates the market with the largest revenue share over the anticipation timeframe. In the domestic sector, outdoor power equipment is frequently utilized for gardening purposes. As a component of horticulture, gardening is the process of growing and cultivating plants. Ornamental plants are frequently grown in gardens for their flowers, foliage, or general aesthetic appeal. Lawnmowers, rotary tillers, string trimmers, hedge trimmers, leaf blowers, and lawn edgers are among the gasoline- or electric-powered equipment needed for gardening. The market for outdoor power equipment has grown as a result of people's interest in the development of horticulture and other forms of gardening.

Regional Insights

North America dominates the market with the largest market share over the anticipation timeframe.

North America is dominating the market with the largest market share over the anticipation timeframe. The increasing due to the growth of both commercial and DIY lawns and parks; also, the region is greatly influenced by readily operated technology devices. Leaf blowers, chainsaws, and lawnmowers are among the most common outdoor tools utilized daily in this area's gardens, parks, businesses, and homes. Leading companies are broadening their range of products to meet the increasing demand from various parts of the region. Ryobi, for example, increased the variety of its 80V lawn tractors. Leading producer of outdoor equipment and power tools, Ryobi, has expanded its range of products to include two new 80V lawn tractors. Larger tires, a more potent engine, and a broader wheelbase are just a few of the improvements available on the new models.

Asia Pacific is expected to grow the fastest during the anticipation timeframe. Growing urbanization and the building sector, both regionally and globally, are the primary drivers of market expansion in the region. Global companies' strategic investments in Asia have created profitable opportunities for the area in recent decades. In the Asia Pacific area, China, Japan, and India have emerged as significant developing nations. Furthermore, to mitigate the effects of growing urbanization and the ensuing deforestation, organizations and consumers are predicted to support electric equipment in this sector, contributing to the momentum behind the green infrastructure movement.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global outdoor power equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players

• Kaercher 
• Yamabiko Manufactures 
• Bosch
• Honda
• Cub Cadet
• Troy Blit LLC 
• Husqvarna Group
• MTD Products
• Makita Group
• Vb Emak
• Techtronic Industries
• Maruyama U.S., Inc.
• Stanley Black & Decker 
• Toro Company
• Hikoki 
• Deere
• Jonsered
• Others

Key Market Developments

• In April 2023, the brand-new 525iDEPS MADSAW dielectric pole saw from Husqvarna has been released, bringing new levels of safety and functionality to arborists and utility professionals. The 525iDEPS is engineered to attain unprecedented adaptability and enhance operator safety when functioning in close proximity to live cables.

• In March 2023, for commercial grounds maintenance equipment, Briggs & Stratton unveiled the Vanguard Commercial Lithium Power 5000, a powerful lithium-ion battery. This breakthrough opens the door for effective zero-emission landscaping solutions.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Outdoor Power Equipment market based on the below-mentioned segments:

Outdoor Power Equipment Market, Type Analysis

• Lawn Mowers
• Saws
• Trimmers & Edgers
• Blowers
• Snow Throwers
• Tillers & Cultivators
• Others

Outdoor Power Equipment Market, Fuel Analysis

• Gasoline Powered
• Battery Powered
• Electric Motor/Corded

Outdoor Power Equipment Market, Functionality Analysis

• Connected/Smart
• Conventional

Outdoor Power Equipment Market, Application Analysis

• Commercial
• Residential

Outdoor Power Equipment Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa