Outdoor Power Equipment Market Worth USD 41.1 Billion by 2031

According to a new report published by Allied Market Research, The outdoor power equipment market size was valued at $24.4 billion in 2021, and is estimated to reach $41.1 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.

The outdoor power equipment market refers to the industry involved in the manufacturing, distribution, and sale of power tools and equipment used for outdoor applications. These tools and equipment are designed for various tasks related to lawn care, landscaping, maintenance, and construction activities.

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North America is expected to exhibit CAGR of 4.7% during 2022-2031.

In Asia-Pacific, Japan is estimated to have market share of 2.2% of the global market share in 2031; and is expected to exhibit CAGR of 5.4% during 2022-2031.

In Asia-Pacific region, South Korea had market share of 1.2% in 2021; and is expected to exhibit CAGR of 7.1% during 2022-2031 creating high outdoor power equipment market growth in the region.

The major companies profiled in this report include McLane, American Lawn Mower, Husqvarna, MTD, Oregon, Snow Joe, Briggs & Stratton, TTI, Craftsman, Worx, Bosch, Honda, Cub Cadet, Troy Blit LLC, Champion Power Equipment, Kipor Power, and Toro Company.

The outdoor power equipment market offers a wide range of products, including lawn mowers, trimmers, chainsaws, blowers, hedge trimmers, tillers, snow blowers, and power washers, among others. These tools are powered by engines or motors and are designed to perform specific outdoor tasks efficiently.

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Outdoor power equipment serves both residential and commercial users. Residential users typically include homeowners, while commercial users include professional landscapers, contractors, municipalities, golf courses, and other institutional users. The market caters to the diverse needs and requirements of these customer segments.

Lawn mowers, trimmers, and other tools designed for lawn care and landscaping activities are among the most common outdoor power equipment. These tools help in tasks such as mowing grass, trimming edges, pruning hedges, and maintaining landscapes.

The increase in the interest of the individuals towards the gardening and horticulture has led to increase in the demand for gardening tools especially in North America and Europe region.

The conventional outdoor power equipment segment had market share about 63.8% of the global market share in 2021.

The market is being driven by rise in usage of battery-powered outdoor power equipment for lawn maintenance and gardening activities.

Rise in demand for landscaping services and rise in interest among homeowners in gardening activities are likely to boost the sales of outdoor power equipment during the forecast period.

The globe is progressing toward more environmentally friendly technologies. People are shifting to greener energy sources to minimize carbon emissions and improve environmental safety.

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The outdoor power equipment market has seen a growing emphasis on environmental considerations. There is increasing demand for electric-powered equipment due to its lower carbon footprint and reduced noise levels compared to gasoline-powered alternatives. Manufacturers are investing in the development of more efficient and eco-friendly products to meet these demands.

Outdoor power equipment can be powered by either electricity or gasoline. Electric tools are typically corded or cordless and are preferred for their lower noise levels, reduced emissions, and ease of use. Gasoline-powered equipment offers higher power and is suitable for heavier-duty tasks and longer operating times.

Gardeners have recently become aware of the different advantages of electric lawnmowers over conventional equivalents or gas-powered equipment, which generate nearly 5-6% of total hydrocarbons in the atmosphere in metropolitan areas.

The market for outdoor power equipment is mature, and its growth is mostly influenced by variables, such as population and age distribution, consumer spending, housing and other constructions, location, and recreational and leisure activities.

Robotics and battery technology are set to play a significant role in the future of this industry. The operational costs of battery-powered (for instance, cleaner) equipment are cheaper than those of natural gas-powered devices.

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Battery-powered equipment is expected to promote sales of big equipment, such as lawnmowers in both, commercial and domestic sectors. With their lower prices, simplicity of use, and technical advancements, robotic lawnmowers are expected to become more popular in the future years.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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