The global Outdoor Power Equipment Market accounted for US$ 25.55 Bn in 2019 and is expected to grow at a CAGR of 3.8% over the forecast period 2020–2027, to account for US$ 34.11 Bn by 2027. The demand for landscaping services is increasing owing to factors such as rising urbanization, infrastructure development, high disposable incomes, and presence of large commercial spaces. On the contrary, due to high maintenance costs of equipment that are used for heavy applications may restrain the growth of outdoor power equipment market. The growing traction of robotic lawn mowers among end users and demand for connected equipment will boost the outdoor power equipment market growth during the forecast period.
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Company Profiles
- ANDREAS STIHL AG & Co. KG
- Ariens Company
- Deere & Company
- Honda Motor Co., Ltd.
- Husqvarna AB
- MTD Products Inc.
- STIGA S.p.A.
- Techtronic Industries Co. Ltd.
- The Toro Company
- YAMABIKO Corporation
Market Insights
Use of electric-powered equipment
Due to rising environmental concerns and increasing number of stringent government regulations related to carbon emissions, the outdoor power equipment industry is going through a shift from fuel-powered to electric-powered equipment. The trend of electric- and battery-powered equipment is now not only limited to handheld equipment. The ride-on and heavy equipment such as lawn mowers are increasingly available in various power source choices such as fuel and battery. The rising demand from municipalities and corporates to use green or environment-friendly products for landscaping purposes is driving the growth of electric-powered outdoor power tools in these sectors.
Application Insights
Based on application, the outdoor power equipment market is segmented into residential and commercial. The residential segment captured a dominating share in the global outdoor power equipment market. High inclination of home owners to renovate their houses including exterior spaces stimulates the adoption of outdoor power equipment in the residential sector.
Power Source Insights
The outdoor power equipment market, by power source, is segmented into electric-powered and fuel-powered. The fuel-powered segment captured a dominating share in the global outdoor power equipment market. These mowers are easy to maintain, and a few models are available with push-button start. In addition to gas mowers, a gas chainsaw is another outdoor power equipment available in the market developed for cutting large trees and branches.
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Outdoor Power Equipment Market – By Equipment Type
- Lawn Mowers
- Blowers
- Tillers and Cultivators
- Chainsaws
- Trimmers
- Hedge Trimmers
- Sprayers
- Mist Dusters
- Others
The overall outdoor power equipment market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the outdoor power equipment market. It also provides the overview and forecast for the global outdoor power equipment market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the outdoor power equipment market.
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