Outdoor Power Equipment Market Size was projected at USD 28.19 Billion in 2023. The Outdoor Power Equipment market industry is projected to grow from USD 29.66 Billion in 2024 to USD 42.36 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.56% during the forecast period (2024 - 2032). Increased usage of electric instruments for do-it-yourself projects, increased domestic activities, and the launch of innovative units are the key market drivers contributing to market growth and expansion.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The rising usage of electric instruments drives the market CAGR for outdoor power equipment. The growing trend of developing gardens and lawns in houses worldwide is expected to promote the industry's growth. Landscape planting is growing increasingly popular among the general public. Consumer expenditure on lawn upkeep, maintenance of trees, hardscaping, and grass redevelopment has grown.
Landscape gardening tools that include cutting tools, mowers, hedge cutters, and blowers are frequently utilized, which is expected to create worldwide consumer interest in the product. Increasing government initiatives to build infrastructure worldwide to make communities greener are expected to drive demand for the sector. Natural areas, such as gardens, parks, lakeshores, and sports fields, are connected with improved air quality, lower temperatures, less sound, and more variety, allowing people to exercise and relax. Also, the rising popularity of renovation projects bodes well for the expansion of this market throughout the projection period.
Additionally, the expanding usage of generators for DIY projects and rising household activities are expected to boost market growth throughout the forecast period. Manufacturers' sales strategies will alter due to the fast expansion of the e-commerce business and changing client purchasing behaviors. Raw material price fluctuations and consumer desire for artificial grass may limit industry expansion. Gardening is becoming increasingly popular, particularly among younger people. Most young people choose to produce fruits, vegetables, and herbs. Because young individuals are more inclined to live on smaller garden lots, the supplies, plants, and tools they need should be able to fit in smaller places. As a result of the numerous benefits, government investment in building these green spaces in metropolitan areas is expected to fuel the market's growth.
The introduction of Covid-19 created a considerable commercial influence. Due to the restricted motion of workforces engaged at their sites, producers were forced to close their businesses and discontinue manufacturing such outdoor items at their factories, hampered the market's growth. However, due to its usage in the residential sector, the market had high demand during Covid-19. The shutdown kept the people inside their homes, allowing them to engage in planting and various other recreational pursuits, which raised the need for outdoor electric items.
For instance, sales of commercial lawnmowers rose by more than 15.0% in 2020, based on the Outdoors December projection report in 2021, with about 7.7 billion units shipped. Also, growing worried about petrol fumes & engine noise due to Covid-19 has raised the need for environmentally friendly outdoor generators. Thus, it is anticipated that demand for Outdoor Power Equipment will increase throughout the projected timeframe due to the rising usage of electric instruments. Thus, driving the Outdoor Power Equipment market revenue.
The Outdoor Power Equipment market segmentation, based on product, includes Cordless Tools and Rope Power Tools. The cordless tools segment dominated the market, accounting for 62% of market revenue (USD 16.62 Billion) in 2022. Because they make less noise and are lightweight, and are commonly utilized for home garden maintenance.
The Outdoor Power Equipment market segmentation, based on Power Sources, includes Electric, Battery, and Others. The battery category generated the highest market revenue of about 53% (USD 14.2 billion) in 2022 because it has reduced delivery costs, is lighter than petrol equivalents, and can be acquired more reasonably online.
The Outdoor Power Equipment market segmentation, based on Application, includes Household and Commercial. The household segment dominated the market, accounting for 56% of market revenue (USD 15 Billion) in 2022. The increased propensity of residential users to devote more time to planting and outside activities is predicted to fuel demand for this market.
Figure 1: Outdoor Power Equipment Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Outdoor Power Equipment market area is expected to grow quickly during the projected timeframe; these goods are widely used in the home and business sectors. Awareness among consumers of the ease of accessibility and the effectiveness of these outdoor items will boost the market demand in the North American region.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Outdoor Power Equipment Market Share by Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe region’s Outdoor Power Equipment market accounts for the second-highest market share due to improved mowing abilities and navigational functions projected to aid the expansion of the market. Further, the German Outdoor Power Equipment market holds the largest market share, and the UK Outdoor Power Equipment market is expected to grow and expand significantly in the European region during the projected timeframe.
The Asia-Pacific Outdoor Power Equipment Market will dominate during the projected timeframe. This is due to Increased disposable income and shifting habits in many emerging nations are predicted to increase the need for outdoor generators to improve athletic venues and grounds. Moreover, China’s Outdoor Power Equipment market dominates the market share, and the Indian Outdoor Power Equipment market is expected to expand and grow steadily in the Asia-Pacific region during the projected timeframe.
Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Outdoor Power Equipment market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Outdoor Power Equipment industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.
Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the Outdoor Power Equipment industry to benefit customers and capture untapped market share and revenue. The Outdoor Power Equipment industry has recently offered significant advantages to the Industrial Automation & Equipment industry.
Moreover, more industry participants are utilizing and adopting cutting-edge Technology has grown substantially. Major players in the Outdoor Power Equipment market, including Husqvarna (Sweden), Deere & Company (US), Honda Motor Co., Ltd. (Japan), Blount International, Inc. (US), The Toro Company (US), STIHL Holding AG & Co. KG (Germany), Stanley Black & Decker Inc. (US), Makita Corporation (Japan), MTD Products (US), Emak S.p.A. (Italy), and Techtronic Industries (Hong Kong), are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.
Karcher Industrial Vacuuming is a well-known manufacturer of outstanding performance Hoover cleaners for a wide range of applications in the industry. It is the world's top provider of cleaning solutions, with affiliates and dealers in over 190 countries. Karcher will introduce a self-driving robotic floor cleaner in April 2022, expanding its line of autonomous goods. Their range of smart robotic devices for effective floor cleaning and maintenance activities has been expanded with the addition of the KIRA B 100 R.
Toro Co. creates, produces, and sells a variety of lawn equipment. In 1914, John S. Clapper and Henry C. McCartney formed the corporation, which is located in Bloomington, Minnesota. It engages in the following areas: Residential & professional. Toro announced an updated robotic mower in May 2022, with a delivery date of spring 2023. This self-driving mower fueled by renewable energy is in its last year of development. It includes wireless navigational and vision-based positioning capabilities, making it simple to set up.
May 2022:Toro announced an updated robotic mower in May 2022, with a delivery date of spring 2023. This self-driving mower fueled by renewable energy is in its last year of development. It includes wireless navigational and vision-based positioning capabilities, making it simple to set up.
April 2022:Karcher will introduce a self-driving robotic floor cleaner in April 2022, expanding its line of autonomous goods. Their range of smart robotic devices for effective floor cleaning and maintenance activities has been expanded with the addition of the KIRA B 100 R.
January 2022:Robert Bosch GmbH introduced Keo, a cordless yard saw, in January 2022. The device is well-known for its strong changeable battery compartment and adjustable saw blades for DIY uses.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 28.19 Billion |
| Market Size 2024 | USD 29.66 Billion |
| Market Size 2032 | USD 42.36 Billion |
| Compound Annual Growth Rate (CAGR) | 4.56% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Power Source, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Husqvarna (Sweden), Deere & Company (US), Honda Motor Co., Ltd. (Japan), Blount International, Inc. (US), The Toro Company (US), STIHL Holding AG & Co. KG (Germany), Stanley Black & Decker Inc. (US), Makita Corporation (Japan), MTD Products (US), Emak S.p.A. (Italy), and Techtronic Industries (Hong Kong) |
| Key Market Opportunities | Product releases and R&D by significant critical players |
| Key Market Dynamics | Increased usage of electric instruments for do-it-yourself projects, together with an increase in domestic activities |
Outdoor Power Equipment Market Highlights:
Frequently Asked Questions (FAQ) :
The worldwide Outdoor Power Equipment market size was valued at USD 28.19 Billion in 2023.
The worldwide Outdoor Power Equipment market is projected to grow and expand at a CAGR of 4.56% during the forecast period, 2024-2032.
APAC had the largest share of the global market
The key participants in the market are Husqvarna (Sweden), Deere & Company (US), Honda Motor Co., Ltd. (Japan), Blount International, Inc. (US), The Toro Company (US), STIHL Holding AG & Co. KG (Germany), Stanley Black & Decker Inc. (US), Makita Corporation (Japan), MTD Products (US), Emak S.p.A. (Italy), and Techtronic Industries (Hong Kong).
The Cordless Tools category dominated the market in 2022.
The Others (Gasoline) had the largest share of the global market.
Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
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