Outdoor Power Equipment Market

Outdoor Power Equipment Market is anticipated to reach at USD 29,105 Million by 2027 at a CAGR of 3.7% during the forecast period.

Outdoor power equipment are the equipment that utilize small motors & engines and are used for numerous services such as mowing lawns, gardening, maintenance of the property, and other services. The electric-powered outdoor power equipment refer to the equipment which run on batteries and electricity.

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The global outdoor power equipment market is mainly driven by various factors, including rapid urbanization, increasing consumer spending on durable goods and growing focus of homeowners towards beautifying their gardens. Simultaneously, increasing concerns related to environmental pollution is leading to the inclination of consumers towards clean sources of energy to reduce carbon emissions, which will indirectly surge the demand of the market.

The rising research & development activities and technological advancements in the outdoor power equipment to enhance the comfort level, design, and reliability & performance, is encouraging the consumers to opt of these advanced equipments. With the emergence of the COVID-19 pandemic in 2020, people are actively looking for advanced gardening tools and equipment due to the growing emphasis on staying at home and maintaining social distance. On the other end, the high cost of maintenance of these types of equipment will hamper the growth of the market.

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Based on the equipment type, the Saws segment is expected to increase at a higher CAGR during the forecast period owing to the rising adoption of saws driven by its several applications for cutting, bucking, and cutting trees. Additionally, the several benefits associated with the use of electric powered saws including no fuel emissions, safety, affordability, enhanced power & performance, and easy to use feature.

Based on the power source, the Electric powered segment is anticipated to grow at a higher CAGR over the forecast period owing to the increasing usage of electric powered outdoor power equipment across several residential applications. Furthermore, the electric powered equipments offers remarkable advantages such as reduced noise, enhancement in the green footprint as it does not emit pollution, and enhanced efficiency, which will attract many customers to the market.

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Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period owing to the rising adoption of outdoor power equipment as a result of increasing expansion in the development projects in the infrastructure and residential markets. In addition to this, rapid urbanization and rising concerns to reduce pollution is leading to an increase in the construction of sustainable buildings, which will further energize the growth of the market in this region.

Various notable players operating in the market include Deere & Company, Husqvarna AB, The Toro Company, Techtronic Industries Co. Ltd., American Honda Motor Co., Inc., MTD, Andreas Stihl AG & Co. KG, YAMABIKO Corporation, Ariens Company, and Stanley Black & Decker, Inc., among others.

Key Developments:

• • In 2019, Deere & Company entered into an exclusive agreement with Precision Makers, a Netherlands-based automation firm. In this agreement, the company planned to develop autonomous mowing solutions for the golf and sports turf industry.
  • In 2019, The Toro Company entered into a long-term strategic partnership with Tractor Supply Company. Through this partnership, the company planned to expand its reach into the rural lifestyle retail market, and the zero-turn mowers, walk mowers, and portable power equipment will be available at the locations of Tractor Supply.

The global outdoor power equipment market has been segmented on the basis of equipment type, power source, application, and region. Based on the equipment type, the market is segmented into saws, lawn mowers, blowers, trimmers & edgers, snow throwers, tillers & cultivators, and others. The lawn mowers segment is further categorized into riding lawn mowers and non-riding lawn mowers. The riding lawn mowers segment is further categorized into lawn tractors & garden tractors, rear engine riding mowers, and zero-turn-radius mowers (ZTR). Based on the non-riding lawn mowers, the market is categorized into walk-behind lawn mowers and robotic lawn mowers. Based on the power source, the market is segmented into electric powered and fuel powered. The electric powered segment is further categorized into corded and cordless. Based on the application, the market is segmented into residential/DIY and commercial.

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Key questions answered in this research report:

• • At what pace is the global outdoor power equipment market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global outdoor power equipment market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global outdoor power equipment market?
  • Which equipment type generated maximum revenues in 2019 and identify the most promising equipment type during the forecast period?
  • What are the various application areas of outdoor power equipment, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Outdoor Power Equipment Market by Equipment Type

• • Saws
  • Lawn Mowers
    • Riding Lawn Mowers
      • Lawn Tractors & Garden Tractors
      • Rear Engine Riding Mowers
      • Zero-Turn-Radius Mowers (ZTR)
    • Non-Riding Lawn Mowers
      • Walk-Behind Lawn Mowers
      • Robotic Lawn Mowers
    • Blowers
    • Trimmers & Edgers
    • Snow Throwers
    • Tillers & Cultivators
    • Others

Global Outdoor Power Equipment Market by Power Source

• • Fuel Powered
  • Electric Powered
    • Corded
    • Cordless

Global Outdoor Power Equipment Market by Application

• • Residential/DIY
  • Commercial

Global Outdoor Power Equipment Market by Region

• • North America Outdoor Power Equipment Market (Option 1: As a part of the free 25% customization)
    • North America Outdoor Power Equipment Market by Equipment Type
    • North America Outdoor Power Equipment Market by Power Source
    • North America Outdoor Power Equipment Market by Application
    • US Outdoor Power Equipment Market All-Up
    • Canada Outdoor Power Equipment Market All-Up
  • Europe Outdoor Power Equipment Market (Option 2: As a part of the free 25% Customization)
    • Europe Outdoor Power Equipment Market by Equipment Type
    • Europe Outdoor Power Equipment Market by Power Source
    • Europe Outdoor Power Equipment Market by Application
    • UK Outdoor Power Equipment Market All-Up
    • Germany Outdoor Power Equipment Market All-Up
    • France Outdoor Power Equipment Market All-Up
    • Spain Outdoor Power Equipment Market All-Up
    • Rest of Europe Outdoor Power Equipment Market All-Up
  • Asia-Pacific Outdoor Power Equipment Market (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Outdoor Power Equipment Market by Equipment Type
    • Asia-Pacific Outdoor Power Equipment Market by Power Source
    • Asia-Pacific Outdoor Power Equipment Market by Application
    • China Outdoor Power Equipment Market All-Up
    • India Outdoor Power Equipment Market All-Up
    • Japan Outdoor Power Equipment Market All-Up
    • Rest of APAC Outdoor Power Equipment Market All-Up
  • RoW Outdoor Power Equipment Market (Option 4: As a part of the free 25% Customization)
    • RoW Outdoor Power Equipment Market by Equipment Type
    • RoW Outdoor Power Equipment Market by Power Source
    • RoW Outdoor Power Equipment Market by Application
    • Brazil Outdoor Power Equipment Market All-Up
    • South Outdoor Power Equipment Market All-Up
    • Saudi Arabia Outdoor Power Equipment Market All-Up
    • UAE Outdoor Power Equipment Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Outdoor Power Equipment Market All-Up

Global Outdoor Power Equipment Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Deere & Company
  • Husqvarna AB
  • The Toro Company
  • Techtronic Industries Co. Ltd.
  • American Honda Motor Co., Inc.
  • MTD
  • Andreas Stihl AG & Co. KG
  • YAMABIKO Corporation
  • Ariens Company
  • Stanley Black & Decker, Inc.