Outdoor Power Equipment Market by Equipment Type, Power Source, Functionality, Application

Description

List of Tables

[191 Pages Report] The Outdoor Power Equipment Market size was estimated at USD 35.72 billion in 2023 and expected to reach USD 37.52 billion in 2024, at a CAGR 5.17% to reach USD 50.87 billion by 2030.

Outdoor power equipment (OPE) comprises a range of machinery designed for outdoor tasks, potentially focusing on landscaping, gardening, and various ground maintenance activities. This segment includes lawnmowers, leaf blowers, trimmers, chainsaws, and snow blowers. It extends across residential, commercial, and industrial applications, aimed at facilitating and enhancing outdoor maintenance efficiency and effectiveness. The primary drivers propelling the utilization of outdoor power equipment include a growing emphasis on landscaping and exterior aesthetics within residential and commercial infrastructures. The advent of battery-operated, electric, and cordless models that promise lower emissions and reduced noise levels is significantly contributing to OPE adoption. Furthermore, technological advancements, such as robotic lawnmowers and smart gardening tools integrated with IoT technology, are fostering a more connected, efficient, and labor-saving approach to outdoor maintenance. However, the OPE industry faces several hurdles, including stringent environmental regulations that limit emissions from gas-powered equipment, leading to increased production costs. The market is highly seasonal, depending on geographical locations, which can affect sales and production planning. Moreover, global supply chain disruptions pose a significant challenge, affecting availability and leading to potential price increases. Opportunities within the outdoor power equipment sector are abundant, particularly in the innovation of eco-friendly, electric-powered equipment that complies with regulatory standards and customer preferences for sustainable products. The expansion of the residential sector, buoyed by urbanization and higher disposable incomes, presents a burgeoning customer base. Meanwhile, the commercial segment offers potential growth avenues by adopting advanced, multi-functional, and automated equipment, catering to a broader range of landscaping and maintenance activities.

KEY MARKET STATISTICS
Base Year [2023]	USD 35.72 billion
Estimated Year [2024]	USD 37.52 billion
Forecast Year [2030]	USD 50.87 billion
CAGR (%)	5.17%

Power Source: Growing customer inclination towards electric-powered equipment owing to advancements in battery technology

Electric-powered outdoor equipment represents a growing segment in the market, driven by advancements in battery technology and increased consumer demand for environmentally sustainable options. They are particularly well-suited for residential use where the operating range and power needs are within the capabilities of electric models. Corded electric outdoor power equipment offers uninterrupted power for prolonged use, eliminating worries about running out of fuel or battery. Ideal for smaller yards or tasks close to a power source, these tools provide a consistent power output. Cordless electric power equipment is known for its portability and convenience, allowing users to move around without being tethered to an electrical outlet. Powered by rechargeable batteries, these tools are ideal for medium-sized areas where the mobility and ease of use outweigh the limited run time. Fuel-powered outdoor power equipment encompasses various devices powered by gasoline, diesel, or combustible fuels. This category traditionally dominates the commercial and industrial markets due to the high power output and extended run times that fuel engines provide. Advantages include the ability to quickly refuel and continue working instead of waiting for batteries to recharge and the capability to handle more demanding tasks. However, fuel-powered equipment faces higher emissions, louder operation, and more rigorous maintenance routines than electric models. Innovation in this area focuses on making engines more efficient, reducing emissions, and integrating features that enhance user convenience and reduce environmental impact.

Application: Proliferation in commercial applications for landscaping, lawn care, and facility maintenance industries

Professionals extensively use commercial outdoor power equipment in the landscaping, lawn care, and facility maintenance industries. These users prioritize durability, efficiency, and the ability to handle prolonged periods of operation. Equipment in this category includes commercial-grade lawnmowers, leaf blowers, chainsaws, and pressure washers. Innovations that improve productivity, such as zero-turn radius mowers and multi-functional tools, are particularly valued. Additionally, the growing trend towards sustainability has seen an increase in demand for electric and battery-operated models, which offer the added benefits of reduced noise and the absence of emissions. Industrial outdoor power equipment is critical in construction, agriculture, and forestry. Tools and machinery in this segment are designed for heavy-duty tasks and often feature higher power outputs and enhanced durability. Key products include industrial-grade chainsaws, tillers, and large-scale mowers. Technological advancements such as robotic automation and GPS-guided equipment are progressively introduced to increase efficiency and precision in planting, harvesting, and land clearing. The industrial segment significantly emphasizes reliability and the ability to perform in harsh environmental conditions. Residential and DIY users encompass homeowners and garden enthusiasts who utilize outdoor power equipment for lawn care, gardening, and other home maintenance tasks. This segment prioritizes ease of use, safety, and affordability. Popular products include lightweight lawnmowers, leaf blowers, string trimmers, and hedge trimmers. The market has seen a surge in demand for cordless, battery-powered options that offer convenience and mobility without compromising power. Moreover, the rise of smart technology integration, such as programmable robotic lawnmowers, reflects a growing desire for automation and efficiency in home gardening practices.

Regional Insights

The outdoor power equipment market in the Americas has shown robust growth, fueled by increasing consumer spending on home improvement and maintenance. Innovations in battery-powered and electric models have spurred interest, aligning with the region's growing emphasis on sustainable and eco-friendly solutions. Demand for lawnmowers, blowers, and chainsaws has remained high, with a noticeable trend towards multi-function and smart equipment that offers enhanced convenience and efficiency. Europe's stringent environmental regulations have increased demand for electric and battery-operated equipment, pushing manufacturers to innovate in this direction. The region is seeing a shift towards more sustainable practices in landscaping and gardening, positively impacting the market for eco-friendly outdoor power tools. In contrast, the Middle East and Africa are experiencing growth in the commercial sector, driven by urbanization and increased investments in infrastructure and landscape development. The Asia Pacific region showcases rapid growth, with China and India being the key contributors. The surge in demand is attributed to rising urbanization, an expanding middle class, and increased spending on landscaping services. The region's focus on agricultural development and public infrastructure projects has bolstered the demand for high-capacity, durable outdoor power tools.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Outdoor Power Equipment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Outdoor Power Equipment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Outdoor Power Equipment Market, highlighting leading vendors and their innovative profiles. These include AL-KO Kober AG, Alfred Karcher SE & Co. KG, ANDREAS STIHL AG & CO. KG, Ariens Company, Briggs & Stratton Corporation, Champion Power Equipment, Inc., CHERVON Trading Co., Ltd., Deere & Company, EMAK S.P.A., Excel Industries Inc., GREENWORKSTOOLS, Honda Motor Co., Ltd., Husqvarna AB, Jacobsen by Textron Inc., Koki Holdings Co., Ltd., Makita Corporation, Ningbo Daye Garden Machinery Co.,Ltd, Oregon Tool, Inc., Robert Bosch GmbH, Schiller Grounds Care, Inc., Snow Joe, LLC, Stanley Black & Decker, Inc., STIGA S.p.A., Techtronic Industries Co. Ltd., THE TORO COMPANY, and Yamabiko Corporation.

Market Segmentation & Coverage

This research report categorizes the Outdoor Power Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Equipment Type
- Blowers
- Lawn Mowers
  - Non-Riding Lawn Mowers
    - Robotic Lawn Mowers
    - Walk-Behind Lawn Mowers Push Mowers

Self-Propelled Mowers

Riding Lawn Mowers
- Lawn Tractors & Garden Tractors
- Rear Engine Riding Mowers
- Zero-Turn Radius Mowers

Saws
Snow Throwers
Tillers & Cultivators
Trimmers & Edgers

Power Source
- Electric Powered
  - Corded
  - Cordless

Fuel Powered

Functionality
- Connected or AI-Enabled Products
- Conventional Products

Application
- Commercial
- Industrial
- Residential & DIY

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Outdoor Power Equipment Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Outdoor Power Equipment Market?

3. What are the technology trends and regulatory frameworks in the Outdoor Power Equipment Market?

4. What is the market share of the leading vendors in the Outdoor Power Equipment Market?

5. Which modes and strategic moves are suitable for entering the Outdoor Power Equipment Market?

Product Code: MRR-8201ABF20CB8

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for landscaping services and growing homeowner gardening activities
  - 5.1.1.2. Preference for rental services of outdoor power equipment
  - 5.1.1.3. Rising demand for cordless outdoor power equipment
- 5.1.2. Restraints
  - 5.1.2.1. High maintenance cost associated with automated outdoor power equipment
- 5.1.3. Opportunities
  - 5.1.3.1. Development of connected and smart outdoor power equipment
  - 5.1.3.2. Emphasis on sustainable farming with using power equipment
- 5.1.4. Challenges
  - 5.1.4.1. Issues associated with designing ergonomic and lightweight outdoor power equipment
5.2. Market Segmentation Analysis
- 5.2.1. Power Source: Growing customer inclination towards electric-powered equipment owing to advancements in battery technology
- 5.2.2. Application: Proliferation in commercial applications for landscaping, lawn care, and facility maintenance industries
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Outdoor Power Equipment Market, by Equipment Type

6.1. Introduction
6.2. Blowers
6.3. Lawn Mowers
6.4. Saws
6.5. Snow Throwers
6.6. Tillers & Cultivators
6.7. Trimmers & Edgers

7. Outdoor Power Equipment Market, by Power Source

7.1. Introduction
7.2. Electric Powered
7.3. Fuel Powered

8. Outdoor Power Equipment Market, by Functionality

8.1. Introduction
8.2. Connected or AI-Enabled Products
8.3. Conventional Products

9. Outdoor Power Equipment Market, by Application

9.1. Introduction
9.2. Commercial
9.3. Industrial
9.4. Residential & DIY

10. Americas Outdoor Power Equipment Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Outdoor Power Equipment Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Outdoor Power Equipment Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Equip Expo news: Equipment and product announcements from STIHL, Bobcat, and more
- 13.3.2. The Toro Company and Lowe's Announce Strategic Partnership
- 13.3.3. Kress Commercial launches a line of powerful 60v outdoor power equipment with independent dealerships across North America
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio