Outdoor Power Equipment Market Size, Share, And Analysis To Expand At 5.8% CAGR Through 2030

Outdoor power equipment is the type of equipment that uses small motors or engines, such as lawn movers and trimmers. Most outdoor power equipment requires regular maintenance, including motors, air filters, and fuel filters. As the demand for automated outdoor products and advanced technology is rising, it is expected to drive the demand in the outdoor power equipment market.

According to the research report published by Polaris Market Research, the Global Outdoor Power Equipment Market Size Is Expected to Reach USD 36.36 Billion By 2030, at a CAGR of 5.8% during the forecast period.

The huge demand for the products like trimmers, blowers, mowers, tillers & cultivators, etc., in the use of commercial and residential use, will boost the market demand for the outdoor power equipment industry. As the lawn movers are made up of bigger decks and cut the sharper grass in less time, it accelerates the demand of the outdoor power equipment industry.

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Outdoor Power Equipment Market: Growth Drivers

As the trend of designing lawns and gardens in households is rising in various countries, it is expected that the growth of outdoor power equipment will also grow. Globally, landscape gardening is becoming popular, and the most used outdoor instruments like blowers and trimmers in landscape gardening. This factor is raising the demand for the outdoor power equipment industry.

Governments, globally, are taking the initiatives to develop parks, gardens, sports fields, lakeside, etc. in order to make cities greener. This is likely to grow the outdoor power equipment market. It is examined that such spaces help in reducing stress and uplift physical and mental health. Accordingly, governments are spending more on making green spaces in urban areas, and these factors will drive market growth.

Outdoor Power Equipment Market: Report Segmentation

Insight by Equipment

Based on equipment, the market is divided into different segments such as mowers, saws, trimmers & edgers, blowers, tillers & cultivators, snow throwers, and others. In these segments, the mower segment is anticipated to account for the largest revenue share in the outdoor power equipment market. Manufacturers develop and produce different types of mowers for different uses including electric lawn mower, petrol lawn mower, battery-powered lawnmower, and tractor lawn mower.

Insight by Power Source

Based on the power source, the market is divided into two different segments, such as electric and fuel power equipment. In these segments, the fuel segment is anticipated to accounted for the largest revenue share in outdoor power equipment market.

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Geographic Overview: Outdoor Power Equipment Market

Based on geography, North America held the largest revenue share in the outdoor power equipment market. The region has gained significant growth in both residential and commercial sectors. Because the products are convenient, the market growth of the product will rise rapidly.

Key Players

The leading key players in outdoor power equipment include AL-KO KOBER GROUP, Andreas Stihl AG & Company KG, Ariens Company, Briggs & Stratton, CHEVRON (China) Trading Co., Ltd., Deere & Company, Emak S.p.A., Excel Industries, Inc., HONDA, Husqvarna, Makita Corp, MTD Holdings Inc., Robert Bosch, Schiller Ground Care, Stanley Black & Decker, STIHL Group, Techtronic Industries, The Toro Company (US), and Yamabiko Corp.

Recent Developments

• In September 2021, STIHL introduced the MSA 300 cordless chainsaw, which delivers a higher energy content but with a lower weight. This comes with the STIHL AP 500 S battery pack, and it is designed for professional use such as forestry, landscaping, and horticulture.
• In July 2021, Honda India Power Products, previously Honda Siel Power Products Ltd., introduced the new compact tiller FQ650. The product features an overhead valve and a 4-stroke engine to deliver enhanced fuel efficiency and greater performance.

Outdoor Power Equipment Market: By Equipment Outlook
• Mowers
• Saws
• Trimmers & Edgers
• Blowers
o Backpack Blowers
o Handheld Blowers
• Tillers & Cultivators
• Others

Outdoor Power Equipment Market: By Power Source Outlook
• Fuel
• Electric

Outdoor Power Equipment Market: By Application Outlook
• Commercial
• Residential

Outdoor Power Equipment Market: By Functionality
• Conventional Products
• Connection/AI Enabled Products

Outdoor Power Equipment Market: By Region
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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This release was published on openPR.