What Has Been the Growth Trajectory for the Outdoor Power Equipment Market in Recent Years?
The outdoor power equipment market has seen considerable growth due to a variety of factors.
• In recent times, there has been a slight increase in the size of the outdoor power equipment market. The market value, which stood at $28.38 billion in 2024, is set to increase to $28.76 billion in 2025, showing a compound annual growth rate (CAGR) of 1.3%.
This growth during the historic period could be credited to factors such as urbanization, landscaping and gardening, commercial landscaping services, farming and agriculture, as well as sports field maintenance.
How Does the Forecast Look for the Outdoor Power Equipment Market?
The outdoor power equipment market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size of outdoor power equipment is predicted to maintain a consistent growth, reaching $33.83 billion in 2029 with a compound annual growth rate (CAGR) of 4.1%.
The anticipated growth during the forecast period is credited to a variety of work environments, government policies, preparedness for severe weather, rental and leasing services, as well as seasonal demand. The crucial trends predicted to emerge throughout the forecast span include technological progress, environmentally friendly landscaping, battery-operated equipment, electric lawnmowers, and smart, interconnected equipment.
What Main Forces Are Fueling Expansion In The Outdoor Power Equipment Market?
The anticipated expansion in the construction sector is set to bolster the outdoor power equipment market. This sector involves building, adjusting, repairing, remodeling, enhancing, or tearing down structures. Outdoor power equipment aids in prepping the job site by clearing the ground and eliminating vegetation before construction commences, as well as maintaining the grounds. As per the FMI Corporation, a management consulting firm based in the US, the investment in engineering and construction is predicted to see a 5% increase in 2022 when compared to 2021. Consequently, the rising progression in the construction sector is stimulating the expansion of the outdoor power equipment market.
What Are The Primary Segments In The Global Outdoor Power Equipment Market?
The outdoor power equipment market covered in this report is segmented –
1) By Equipment Type: Trimmers and Edgers, Lawn Mowers, Blowers, Tillers nd Cultivators, Snow Throwers, Other Equipment Types
2) By Power Source: Fuel Powered, Electric Powered
3) By Application: Residential, Commercial
Subsegments:
1) By Trimmers And Edgers: String Trimmers, Edgers, Brush Cutters
2) By Lawn Mowers: Push Lawn Mowers, Self-Propelled Lawn Mowers, Riding Lawn Mowers, Robotic Lawn Mowers
3) By Blowers: Handheld Leaf Blowers, Backpack Leaf Blowers, Walk-Behind Leaf Blowers
4) By Tillers And Cultivators: Gas-Powered Tillers, Electric Tillers, Manual Cultivators
5) By Snow Throwers: Single-Stage Snow Throwers, Two-Stage Snow Throwers, Three-Stage Snow Throwers
6) By Other Equipment Types: Chainsaws, Pressure Washers, Hedge Trimmers, Garden Sprayers
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Which Key Trends Are Driving Changes In The Outdoor Power Equipment Market?
Innovation in technology has become a major trend that is becoming prominent in the outdoor power equipment industry. Big corporations that function in this sector are concentrating on creating novel technological remedies to maintain their market presence. As an example, Stihl, a firm based in Germany that produces chainsaws and outdoor power instruments, introduced a novel chainsaw named Stihl MSA 300 that leverages Power Laminate technology, in February 2022. The newly released product features the most robust battery-operated chainsaw inclusive of an LED display permitting users to oversee the status of the saw.
Who Are the Key Players in the Outdoor Power Equipment Market?
Major companies operating in the outdoor power equipment market include:
• Briggs & Stratton Corporation
• Deere & Company
• Honda Motor Co. Ltd.
• The Husqvarna Group.
• Makita Corporation.
• Yamabiko Corporation
• STIHL AG & Co. KG
• Techtronic Industries Company Ltd.
• The Toro Company
• Andreas Stihl AG & Co.KG
• AriensCo
• Oregon Tool Inc.
• Snow Joe LLC.
• Craftsman
• Positec Tool Corporation.
• AL-Ko Kober Group
• Excel Industries Inc.
• Chevron Trading Co Ltd.
• MTD Holdings Inc.
• Stanley Black and Decker Inc.
• Robert Bosch GmbH
• Greenworks Tools
• EGO Power Plus
• Ryobi Limited
• Snapper Inc.
• Troy-Bilt LLC.
• Remington Arms Company LLC.
• Swisher Acquisition Inc.
What Is The Most Dominant Region In The Outdoor Power Equipment Market?
North America was the largest region in the outdoor power equipment market in 2024. The regions covered in the outdoor power equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
