Outdoor Power Equipment Market by Equipment Type (Lawn Mowers, Saws, Trimmers & Edgers), Power Source (Fuel-based, Electric), Functionality (Connected/Smart Products, Conventional Products), Application and Region - Global Forecast to 2029
The outdoor power equipment market size is expected to grow from USD 31.0 billion in 2024 to USD 36.5 billion by 2029, at a CAGR of 3.3% during the forecast period. The outdoor power equipment market is driven by factors such as the growing global gardening culture, increased demand for commercial landscaping services, and the expanding opportunities in construction and real estate sectors due to population growth. Moreover, rising consumer disposable income and the preference for battery-powered equipment are also significant contributors to market growth.
Scope of the Report
Years Considered for the Study
2020-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Billion)
Segments
By Equipment Type, Power Source, Functionality, Application and Region
Regions covered
Asia Pacific, North America, Europe, and Rest of the World
"Saws segment is expected to grow at the highest CAGR during the forecast period"
Saws segment is expected to grow at the highest CAGR during the forecast period. Increasing demand for saws in both residential and commercial applications, driven by the need for tree maintenance, land clearing, and other outdoor tasks. Additionally, advancements in saw technology, such as the development of more efficient and user-friendly models, are attracting consumers and professionals alike. Moreover, the growing popularity of DIY projects and outdoor hobbies among homeowners is further boosting the demand for saws. Furthermore, expanding construction activities and infrastructure development projects worldwide are driving the need for saws in the professional sector. Overall, these factors are expected to propel significant growth in the saws segment of the outdoor power equipment market in the coming years.
"Commercial application is expected to grow at the highest CAGR during the forecast period"
The commercial application is expected to grow at the highest CAGR during the forecast period. Expansion of urban areas leading to increased construction projects, a growing focus on enhancing the appearance of outdoor spaces in corporate and institutional settings, and a rising trend among businesses to outsource their outdoor maintenance needs. Additionally, advancements in technology, such as the integration of smart features and eco-friendly options, are expected to drive demand for outdoor power equipment among commercial users seeking efficiency and sustainability. As a result, substantial growth is anticipated in the commercial segment of the outdoor power equipment market in the foreseeable future.
"Electric equipment is expected to grow at the highest CAGR during the forecast period"
Electric equipment is expected to grow at the highest CAGR during the forecast period. Corded electric tools provide convenient plug-and-play functionality, while cordless counterparts are valued for their ease of use, efficiency, and portability. The ergonomic advantages of cordless equipment have led to a preference among users over traditional gas-powered options. Recent innovations in cordless technology have not only increased power but have also introduced features for precise operation, even in challenging environments. The growing demand for portable tools and their uptake among homeowners, due to reduced operating costs resulting from advancements in battery technology and overall performance, are driving the expansion of the electric segment.
"Asia Pacific is expected to grow at the highest CAGR during the forecast period"
Asia Pacific is expected to grow at a higher CAGR during the forecast period. The surge in the outdoor power equipment market across the Asia Pacific region is driven by the rapid urbanization and infrastructural development projects across emerging economies like China, India, and Southeast Asian countries are driving the demand for landscaping and gardening equipment. In addition, increasing disposable incomes and a growing middle class are fueling the demand for outdoor power tools and lawn care equipment among homeowners. Additionally, government initiatives promoting green spaces and environmental conservation are encouraging the adoption of electric and eco-friendly outdoor equipment, serves as a significant factor contributing to the expansion of the outdoor power equipment market in the Asia Pacific region.
Breakdown of primaries
In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the outdoor power equipment market space. The break-up of primary participants for the report has been shown below:
By Company Type: Tier 1 = 50%, Tier 2 = 30%, and Tier 3 = 20%
By Designation: C-Level Executives = 48%, Directors = 32%, and Others= 20%
By Region: North America = 35%, Europe = 30%, Asia Pacific = 28%, and RoW = 7%
Major companies operating in the outdoor power equipment market include Husqvarna Group (Sweden), The Toro Company (US), Deere & Company (US), Stanley Black & Decker, Inc. (US), ANDREAS STIHL AG & Co. KG (STIHL) (Germany), Techtronic Industries Co. Ltd. (Hong Kong), Honda Motor Co., Ltd. (Japan), YAMABIKO Corporation (Japan), Makita Corporation (Japan), Robert Bosch GmbH (Germany), among others.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the outdoor power equipment market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Analysis of key drivers (Rising interest of homeowners in gardening activities and increasing demand for landscaping services, Increasing use of battery-powered outdoor power equipment for lawn maintenance and gardening activities, and Rapid growth in construction activities and real estate sectors ), restraints (High maintenance costs of the outdoor power equipment), opportunities (Advancement of intelligent and interconnected outdoor power equipment, and Surging popularity in opting for outdoor power equipment rental services), and challenges (Stringent Trade Policies and Safety Regulations, and challenges in the design of ergonomic and lightweight outdoor power equipment).
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the outdoor power equipment market.
Market Development: Comprehensive information about lucrative markets - the report analyses the outdoor power equipment market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the outdoor power equipment market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Husqvarna Group (Sweden), The Toro Company (US), Deere & Company (US), Stanley Black & Decker, Inc. (US), ANDREAS STIHL AG & Co. KG (STIHL) (Germany), and other players.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
TABLE 1 OUTDOOR POWER EQUIPMENT MARKET: INCLUSIONS & EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 SEGMENTS COVERED
FIGURE 1 OUTDOOR POWER EQUIPMENT MARKET SEGMENTATION
FIGURE 2 OUTDOOR POWER EQUIPMENT MARKET, BY REGION
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.7.1 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 OUTDOOR POWER EQUIPMENT MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 Key data from primary sources
2.1.3 SECONDARY & PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: (SUPPLY SIDE): REVENUE FROM OUTDOOR POWER EQUIPMENT MARKET
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach used to arrive at market share through bottom-up analysis (demand side)
FIGURE 5 OUTDOOR POWER EQUIPMENT MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach used to arrive at market share through top-down analysis (supply side)
FIGURE 6 OUTDOOR POWER EQUIPMENT MARKET: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO STUDY RECESSION IMPACT ON OUTDOOR POWER EQUIPMENT MARKET
2.6 RISK ASSESSMENT
TABLE 2 LIMITATIONS & ASSOCIATED RISKS
3 EXECUTIVE SUMMARY
FIGURE 8 LAWN MOWERS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 9 RESIDENTIAL/DIY APPLICATION TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 10 FUEL-BASED EQUIPMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
FIGURE 11 ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN OUTDOOR POWER EQUIPMENT MARKET
FIGURE 12 ASIA PACIFIC MARKET TO REGISTER SIGNIFICANT GROWTH DURING FORECAST PERIOD
4.2 OUTDOOR POWER EQUIPMENT MARKET, BY EQUIPMENT TYPE
FIGURE 13 LAWN MOWERS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
4.3 OUTDOOR POWER EQUIPMENT MARKET, BY APPLICATION
FIGURE 14 RESIDENTIAL/DIY APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD
4.4 OUTDOOR POWER EQUIPMENT MARKET, BY POWER SOURCE
FIGURE 15 FUEL-BASED SEGMENT TO LEAD DURING FORECAST PERIOD
4.5 OUTDOOR POWER EQUIPMENT MARKET, BY REGION
FIGURE 16 INDIAN MARKET TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 OUTDOOR POWER EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising interest in gardening activities and increasing demand for landscaping services
5.2.1.2 Increasing use of battery-powered equipment for lawn maintenance
5.2.1.3 Rapid growth in construction sector
FIGURE 18 OUTDOOR POWER EQUIPMENT MARKET: IMPACT OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High maintenance costs
FIGURE 19 OUTDOOR POWER EQUIPMENT MARKET: IMPACT OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing popularity of connected outdoor power equipment
TABLE 178 MAKITA CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
13.1.10 ROBERT BOSCH GMBH
TABLE 179 ROBERT BOSCH GMBH: COMPANY OVERVIEW
FIGURE 66 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 180 ROBERT BOSCH GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 181 ROBERT BOSCH: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 182 ROBERT BOSCH GMBH: DEALS
13.2 OTHER PLAYERS
13.2.1 BRIGGS & STRATTON
TABLE 183 BRIGGS & STRATTON: COMPANY OVERVIEW
13.2.2 EMAK S.P.A.
TABLE 184 EMAK S.P.A.: COMPANY OVERVIEW
13.2.3 AL-KO GMBH
TABLE 185 AL-KO GMBH: COMPANY OVERVIEW
13.2.4 ARIENS
TABLE 186 ARIENS: COMPANY OVERVIEW
13.2.5 STIGA S.P.A.
TABLE 187 STIGA S.P.A.: COMPANY OVERVIEW
13.2.6 KOKI HOLDINGS CO., LTD.
TABLE 188 KOKI HOLDINGS CO., LTD.: COMPANY OVERVIEW
13.2.7 ALFRED KARCHER SE & CO. KG
TABLE 189 ALFRED KARCHER SE & CO. KG: COMPANY OVERVIEW
13.2.8 SCHILLER GROUNDS CARE, INC.
TABLE 190 SCHILLER GROUNDS CARE, INC.: COMPANY OVERVIEW
13.2.9 EXCEL INDUSTRIES INC.
TABLE 191 EXCEL INDUSTRIES INC.: COMPANY OVERVIEW
13.2.10 CHERVON (CHINA) TRADING CO., LTD.
TABLE 192 CHERVON (CHINA) TRADING CO., LTD.: COMPANY OVERVIEW
13.2.11 JACOBSEN
TABLE 193 JACOBSEN: COMPANY OVERVIEW
13.2.12 SNOW JOE, LLC.
TABLE 194 ALL SEASON POWER LLC. (SNOW JOE): COMPANY OVERVIEW
13.2.13 NINGBO DAYE GARDEN MACHINERY CO., LTD
TABLE 195 NINGBO DAYE GARDEN MACHINERY CO., LTD: COMPANY OVERVIEW
13.2.14 GREENWORKSTOOLS
TABLE 196 GREENWORKSTOOLS: COMPANY OVERVIEW
13.2.15 CHAMPION POWER EQUIPMENT
TABLE 197 CHAMPION POWER EQUIPMENT: COMPANY OVERVIEW
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
14.2 POWER TOOLS MARKET, BY TYPE
14.2.1 INTRODUCTION
TABLE 198 POWER TOOLS MARKET, BY TOOL TYPE, 2018-2021 (USD MILLION)
TABLE 199 POWER TOOLS MARKET, BY TOOL TYPE, 2022-2027 (USD MILLION)
TABLE 200 POWER TOOLS MARKET SHIPMENT, 2018-2021 (MILLION UNITS)
TABLE 201 POWER TOOLS MARKET SHIPMENT, 2022-2027 (MILLION UNITS)
14.2.2 DRILLING & FASTENING TOOLS
14.2.2.1 Drills
14.2.2.1.1 Growing demand for cordless drills to drive market
14.2.2.2 Impact drivers
14.2.2.2.1 Rising adoption of impact drivers to boost market
14.2.2.3 Impact wrenches
14.2.2.3.1 Increasing use in automotive industry to drive demand
14.2.2.4 Screwdrivers and nutrunners
14.2.2.4.1 Rising adoption in aerospace and automotive assembly operations to fuel market
TABLE 202 DRILLING & FASTENING TOOLS: POWER TOOLS MARKET, BY MODE OF OPERATION, 2018-2021 (USD MILLION)
TABLE 203 DRILLING & FASTENING TOOLS: POWER TOOLS MARKET, BY MODE OF OPERATION, 2022-2027 (USD MILLION)