Outdoor Power Equipment Market Size, Share | Industry Report, 2020-2027


 Outdoor Power Equipment Market

The Outdoor Power Equipment Market is estimated to reach USD 29,105 million by the end of 2027, expanding at a CGAR of CAGR of 3.7% over the forecast period (2020-2027).

The factors driving the growth of Outdoor Power Equipment Market includes rapid growth in the construction sector, growing demand for landscaping services and increase in the number of smart cities around the world. According to the report published by Statista, the revenue earned from landscaping services in the United States has increased from USD 105.35 billion in 2020 to reach around USD 114.6 billion in 2021, which is expected to boost the Outdoor Power Equipment Market size in the approaching years. Moreover, increasing sales of outdoor power equipment through e-commerce platforms, growing popularity of automated outdoor products such as Robotic lawn mower and rise in the lawn beautification activities, are some of the additional factors supplementing the Global Outdoor Power Equipment Market. In addition, the technological advancements in outdoor power equipment products, rising emphasis on reducing carbon emissions level and increasing investments by the leading players on research and development, are further propelling the Outdoor Power Equipment Market share.

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However, the growth of Outdoor Power Equipment Market is hindered due to strict safety and regulatory compliance imposed by Governing bodies.

The major players operating in the Outdoor Power Equipment Market are American Honda Motor Co., Inc., MTD, Andreas Stihl AG & Co. KG, Deere & Company, Husqvarna AB, The Toro Company, YAMABIKO Corporation, Ariens Company, Techtronic Industries Co. Ltd. and Stanley Black & Decker, Inc., among others.

Equipment Type: Segment Analysis

As per the Outdoor Power Equipment Market Report, the Saws segment is estimated to grow at a robust CAGR over the forecast period attributed to its increasing application in bucking and cutting the trees.

Power Source: Segment Analysis

Based on Power Source, the Electric Powered segment is expected to expand at a remarkable CAGR during the forecast period. The electric powered outdoor tools require less maintenance, creates less noise as compared to traditional lawnmower and are environment friendly, are some of the features augmenting the growth of the segment.

Regional: Segment Analysis

Based on Region, the Asia-Pacific region is anticipated to capture the largest market share over the forecast period. Increasing investments in infrastructure projects, rise in the number of lawn beautification activities, construction of sustainable buildings and growing disposable incomes, are some of the important factors influencing the market growth in Asia-Pacific.

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

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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