PUBLISHER: Polaris Market Research | PRODUCT CODE: 1652053
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1652053
The global outdoor power equipment market size is expected to reach USD 96.63 billion by 2034, according to a new study by Polaris Market Research. The report "Outdoor Power Equipment Market Size, Share, Trends, Industry Analysis Report: By Product (Lawn Mowers, Chainsaws, Trimmers & Edgers, Blowers, and Snow Throwers), Power Source, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Outdoor power equipment (OPE) encompasses a broad range of tools such as lawn mowers, chainsaws, hedge trimmers, leaf blowers, and snowblowers. The tools are designed to facilitate gardening and other outdoor tasks, providing efficiency, precision, and convenience to users.
Rising interest in gardening activities among homeowners is propelling the global outdoor power equipment market growth. The increasing trend of creating aesthetically pleasing outdoor spaces has propelled the demand for equipment that aids in maintaining lawns, gardens, and patios. Additionally, the growing popularity of urban gardening and backyard farming has further fueled the need for efficient and easy-to-use tools. Residential users are particularly attracted to OPE, which combine functionality with affordability, as they seek solutions that enhance the beauty of their outdoor spaces while reducing manual labor.
Technological advancements are fueling the outdoor power equipment (OPE) market expansion. The introduction of battery-powered equipment has attracted consumers who are inclined toward eco-friendly and quieter alternatives to traditional gas-powered tools. Additionally, the integration of smart features such as GPS tracking, remote control, and automated mowing has enhanced the appeal of outdoor power equipment.
In terms of product, the lawn mowers segment held the largest OPE market share in 2024 due to the increasing demand for autonomous and robotic mowers in residential and commercial spaces.
Based on application, the residential segment accounted for the largest market share in 2024 due to homeowners' continuous investments in maintaining their gardens and outdoor spaces.
North America held the largest share of the global outdoor power equipment market revenue in 2024 due to high disposable incomes, a strong culture of gardening, and the rapid adoption of advanced technologies.
Asia Pacific is the fastest-growing market due to rapid urbanization, rising disposable incomes, and the increasing popularity of gardening and outdoor aesthetics.
Deere & Company; Honda Motor Co., Ltd.; Husqvarna Group; STIHL Holding AG & Co. KG; Kubota Corporation; MTD Products Inc.; The Toro Company; Briggs & Stratton, LLC; Ariens Company; Robert Bosch GmbH; Makita Corporation; Stanley Black & Decker, Inc.; Techtronic Industries Co., Ltd.; Ego Power+; and Yanmar Holdings Co., Ltd. are a few of the global key market players.
Polaris Market Research has segmented the outdoor power equipment market report on the basis of product, power source, application, and region: