Global Outdoor Power Equipment Market Report (2024–2032)
Executive Summary
The global outdoor power equipment market is projected to grow from USD 52.17 billion in 2024 to USD 81.13 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period.
Market Drivers
Technological Advancements: Integration of features like GPS, auto-braking systems, and uniform cutting enhances equipment efficiency and user experience.
Rising Demand for Eco-Friendly Equipment: Growing environmental concerns are driving the adoption of batterypowered and electric outdoor power tools.
Increased Residential Landscaping Activities: The trend of home gardening and landscaping boosts the demand for user-friendly outdoor power equipment.
Market Restraints
High Initial Costs: Advanced equipment with modern features can be expensive, potentially limiting adoption among cost-sensitive consumers.
Maintenance and Repair Challenges: Complex machinery may require specialized maintenance, posing challenges for end-users.
Market Segmentation
By Equipment Type:
Lawn Mowers
Chainsaws
Trimmers & Edgers
Blowers
Tillers & Cultivators
Snow Throwers
Others
By Power Source:
Gasoline-Powered
Battery-Powered
Electric (Corded)
By Application:
Residential+
Commercial
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Regional Insights
North America: Leads the market due to high adoption of advanced landscaping equipment and a strong culture of home gardening.
Europe: Emphasizes eco-friendly and efficient equipment, driven by stringent environmental regulations.
Asia-Pacific: Expected to witness significant growth owing to urbanization and increasing disposable incomes.
Key Market Players
Husqvarna Group
The Toro Company
Deere & Company
Stanley Black & Decker, Inc.
Andreas Stihl AG & Co. KG
Techtronic Industries Co. Ltd.
Honda Motor Co., Ltd.
Yamabiko Corporation
Makita Corporation
Robert Bosch GmbH
Briggs & Stratton
Emak S.p.A
Emerging Trends
Smart Equipment Integration: Incorporation of IoT and AI for predictive maintenance and enhanced user control.
Sustainable Practices: Development of equipment with reduced emissions and noise pollution.
Robotic Lawn Mowers: Increasing popularity of autonomous mowing solutions for residential use.
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This report provides valuable information for stakeholders, investors, and industry participants seeking to understand the dynamics of the global outdoor power equipment market.