The Outdoor Power Equipment Market size is projected to reach US$ 59.2 billion by 2031 from US$ 39.5 billion in 2023. The market is expected to register a CAGR of 5.2% in 2023–2031. The demand for electric equipment is growing owing to its benefits, such as longer run time and easy maintenance, among others. In addition, manufacturers in the industry are actively introducing innovative products to fulfill the increased demand.
Outdoor Power Equipment Market Analysis
Increased construction activities across the globe have led to increased adoption of home gardens and rooftop gardens. Urbanization and construction activities have led to deforestation; thus, households are increasingly adopting the home garden and rooftop garden concepts. In addition, COVID has positively impacted the demand for garden equipment. As per the data published in the National Gardening Survey 2023, participation in gardening and lawn activities has increased to 5 years high, that is, 80% of the households taking part in 2022. In addition, spending on garden and lawn activities also increased; the average spending of the household reached US$ 616 in 2022 from US$ 74 in 2021. Such factors are driving the demand for outdoor power equipment in the past few years.
Outdoor Power Equipment Market Overview
The landscaping and gardening industry in the US is one of the notable industries in the US. As per the data published by the US Bureau of Labour Statistics in 2020, approximately 0.8 million professionals are working in the US in landscaping and groundskeeping. Further, the US landscaping industry is worth approximately US$ 100 billion. Such demand for the landscaping industry in the US is driving the demand for outdoor power equipment.
Lawn movers are one of the highly adopted power equipment across the globe. Lawn movers are projected to acquire more than 35% of the total outdoor power equipment. Lawn mover is one of the most basic equipment required for the landscaping industry. Thus, the demand for lawn movers is higher than for any other equipment.
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Outdoor Power Equipment Market: Strategic Insights
Market Size Value in US$ 25.55 Billion in 2019 Market Size Value by US$ 34.11 Billion by 2027 Growth rate CAGR of 3.8% from 2020 to 2027 Forecast Period 2020-2027 Base Year 2019
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Outdoor Power Equipment Market: Strategic Insights
| Market Size Value in | US$ 25.55 Billion in 2019 |
| Market Size Value by | US$ 34.11 Billion by 2027 |
| Growth rate | CAGR of 3.8% from 2020 to 2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2019 |
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Outdoor Power Equipment Market Drivers and Opportunities
Product development activities of the key players
The key players are increasing their focus on developing and introducing innovative outdoor equipment that is effective and effective. In 2023, Echo introduced battery-powered blowers. These are three-port battery powered backpack that produces approximately 800 cubic feet per minute air volume. Further, in 2023, Whisper Aero introduced an ultra-quiet electric leaf blower. The company focused on reducing noise pollution by using next-generation aircraft electric thrusters. Such product development activities by the key players of the industry are driving the market.
Growing demand for robotic lawnmowers
The robotic lawn mower has more benefits than the traditional lawn mower. Robot lawnmowers provide more equal patterns compared to traditional lawnmowers that mow in a random pattern. In addition, when mowing is completed, robotic lawnmowers automatically return to their charging stations and charge themselves without requiring any actions by the consumers. Further, these robotic lawnmowers require less space for storage compared to traditional lawnmowers. Moreover, owing to growing demand, the manufacturers of the industry are introducing innovative robotic lawn mowers. Such factors are projected to create lucrative opportunities for the market during the forecast period.
Outdoor Power Equipment Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Outdoor Power Equipment Market analysis are equipment type, power source, and application.
- Based on equipment type, the Outdoor Power Equipment Market is divided into lawnmowers, blowers, tillers & cultivators, chainsaws, trimmers, hedge trimmers, sprayers, mist dusters, and others. The lawnmowers segment held a larger market share in 2023.
- By power source, the market is segmented into neurogenerative disorders, stroke, injury, and others. The electric disease segment held the largest share of the market in 2023.
- In terms of application, the market is bifurcated into commercial and residential. The commercial segment dominated the market in 2023.
Outdoor Power Equipment Market Share Analysis by Geography
The geographic scope of the Outdoor Power Equipment Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific is projected to account for the highest market share during the forecast years. Asia Pacific outdoor power equipment market is further divided into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Infrastructure development activities, including landscape and gardening, are growing in the above countries. In addition, increasing disposable income in the Asian region is further driving the spending on gardening equipment. Such above mentioned factors are projected to drive the market in the region.
Outdoor Power Equipment Market Report Scope
Outdoor Power Equipment Market News and Recent Developments
The Outdoor Power Equipment Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:
- Segway introduced its next-generation robotic lawn mowers, Navimow i Series. The new product is integrated with AI technology. With this technology, the mapping accuracy of the lawnmowers is increased. (Source: Segway, Press Release/Company Website/Newsletter, 2024)
- Husqvarna launched innovative chainsaws, T542i XP and 542i XP. The company has introduced clutch technology in its new chainsaws, which will help the consumer to reduce the energy. (Source: Husqvarna, Press Release/Company Website/Newsletter, 2023)
Outdoor Power Equipment Market Report Coverage and Deliverables
The “Outdoor Power Equipment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Equipment Type, Power Source, Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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