Outdoor Power Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment [Mowers, Saws, Trimmers & Edgers, Blowers, Tillers & Cultivators, Others]; By Power Source; By Application; By Functionality; By Region; Segment Forecast, 2022 - 2030
- Published Date:Jan-2022
- Pages: 101
- Format: PDF
- Report ID: PM1755
- Base Year: 2021
- Historical Data: 2018 - 2020
Report Summary
The global outdoor power equipment market was valued at USD 22.74 billion in 2021 and is expected to grow at a CAGR of 5.8% during the forecast period. The rising need for advanced technology and automated outdoor products is expected to accelerate the growth of the industry. The advanced technologies are used to maintain and repair outdoor electric instruments including lawnmowers, outboard motors, motorcycles, chainsaws, rotary tillers, compact diesel engines, all-terrain vehicles, portable electric generators, and small garden tractors.
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The several types of outdoor products include trimmers & edgers, blowers, mowers, tillers & cultivators, snow throwers, etc. The extensive application of these products in both residential, as well as commercial sector is expected to thrive the growth of the industry. Lawn Mowers are high in demand as it consists of a bigger deck which takes less time to cut more sharp grass. An electric saw is another important mechanical tool comprised of sturdy blades, wire, set of teeth, chains, etc., utilized in both industrial and DIY projects.
The emergence of Covid-19 pandemic had a significant impact on the outdoor power equipment market. Worldwide lockdown compelled the manufacturers to shut down their business and stop the production of such outdoor products at their manufacturing facilities owing to the restricted movement of workforces employed at their sites which led to the hindrance in the growth of the industry.
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However, the outdoor power equipment market witnessed a significant demand amid the Covid-19 crisis owing to its application in the residential sector. The lockdown confined the masses within their houses and enabled them to adopt some gardening and other leisure activities, which aided in the demand for outdoor electric products.
Industry Dynamics
Growth Drivers
The rising trend of designing lawns and gardens in households in several countries across the globe is projected to drive the growth of the industry. Landscape gardening is becoming very popular among the masses. Consumers spending has increased on lawn maintenance, tree care, hardscaping, and lawn renovation. Outdoor instruments such as saws, mowers, hedge trimmers, and blowers are widely used in landscape gardening, which is anticipated to drive global demand for the product.
The rising government initiatives for infrastructure development across the globe to make cities greener is likely to pave the demand for the industry. Green spaces such as parks, gardens, lakeside, sports fields, etc., are associated with better air quality, cooler temperatures, reduced traffic noise, and greater diversity that provide people the space for physical activity and relaxation. Various studies have shown that such spaces aid in reducing stress level and boosts physical and mental health. Therefore, government spending on developing these green spaces in urban areas owing to the multiple beneficial impacts is anticipated to drive the outdoor power equipment market growth.
Report Segmentation
The market is primarily segmented on the basis of equipment, power source, application, functionality, and region.
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By Equipment |
By Power Source |
By Application |
By Functionality |
By Region |
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Insight by Equipment
On the basis of equipment, the market is segmented into mowers, saws, trimmers & edgers, blowers, tillers & cultivators, snow throwers, and others. Mower is expected to account for the largest share over the forecast period. Nowadays, manufacturers provide various types of mowers in the market for different purposes including an electric lawn mower, petrol lawn mower, battery-powered lawnmower, and tractor lawn mower. Battery-powered mowers are high in demand as it does not require any physical effort to mow the field. It takes less time with no manual force to cut sharp grasses. These factors are responsible for driving the growth of the market.
Insight by Power Source
On the basis of power source, market is categorized into electric, and fuel power equipment. Fuel segment is expected to account for the highest share in the global outdoor power equipment market. They start easily, runs smoothly, is more fuel-efficient, and provides consistent energy to work under the toughest conditions owing to which they are being adopted primarily for deforestation and wood clearing activities.
Electric-power equipment is expected to hold a significant share in the near future. Continuous demand for robotic outdoor products is expected to accelerate the growth of the market. They are lighter and offers an instant start with less maintenance.
Geographic Overview
North America is anticipated to account for the largest share over the forecast period. The products are widely used in both the residential and commercial sectors. The rising consumer awareness about the easy availability and the performance of these outdoor product is projected to increase the market growth. In addition, market penetration is likely to be aided by the improved mowing capabilities and navigation facilities without a boundary wire which is needed in the households that have large yards in U.S.
Competitive Insight
Some of the major players operating in the outdoor power equipment includes AL-KO KOBER GROUP, Andreas Stihl AG & Company KG, Ariens Company, Briggs & Stratton, CHEVRON (China) Trading Co., Ltd., Deere & Company, Emak S.p.A., Excel Industries, Inc., HONDA, Husqvarna, Makita Corp, MTD Holdings Inc., Robert Bosch, Schiller Ground Care, Stanley Black & Decker, STIHL Group, Techtronic Industries, The Toro Company (US), and Yamabiko Corp.
Outdoor Power Equipment Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 22.74 billion |
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Revenue forecast in 2030 |
USD 36.36 billion |
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CAGR |
5.8% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2022 to 2030 |
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Segments covered |
By Equipment, By Power Source, By Application, By Functionality, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key companies |
AL-KO KOBER GROUP, Andreas Stihl AG & Company KG, Ariens Company, Briggs & Stratton, CHEVRON (China) Trading Co., Ltd., Deere & Company, Emak S.p.A., Excel Industries, Inc., HONDA, Husqvarna, Makita Corp, MTD Holdings Inc., Robert Bosch, Schiller Ground Care, Stanley Black & Decker, STIHL Group, Techtronic Industries, The Toro Company (US), and Yamabiko Corp. |
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- Segmentation analysis
- Industry outlook
- Competitive landscape
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