Press release
Outdoor Power Equipment Industry is Anticipated to Offer Absolute Dollar Opportunity of USD 63.3 Billion by 2032
The market is being pushed by an increase in the use of outdoor power equipment powered by batteries for gardening and lawn care tasks. During the anticipated year, increasing demand for landscaping services and rising homeowner interest in gardening activities are predicted to drive up sales of outdoor power equipment. The adoption of ecologically friendly technologies is advancing worldwide. To reduce carbon emissions and enhance environmental safety, people are switching to greener energy sources.
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Key Takeaways:
North American outdoor power equipment market is accounted for more than two-fifths of the market share of the global outdoor power equipment market in 2021.
In the United States, there are over 50 firms acquiring more than one-third of market shares in the region.
East Asian outdoor power equipment market to gain significant traction in the global market.
By fuel type, demand for robotic lawnmowers is likely to increase and is anticipated to grow with a CAGR of nearly 3.4% during the forecast period 2022 & 2032.
Advancements in battery technology has resulted in increase in demand for electric outdoor power equipment.
Growth Drivers:
The growing use of battery-powered outdoor power equipment for lawn maintenance and gardening activities is driving the market.
Sales of outdoor power equipment are expected to increase due to increased demand for landscaping services and increased interest among homeowners in gardening activities.
Competitive Analysis:
Market players are investing in R&D to increase their product line and geographic reach. Key players are keen to collaborate with new entrants to gain a competitive edge.
The seven to ten companies have about one-fourth of the total market share and are projected to expand operations in fast-evolving regions such as India, China etc. to lower the production costs and other costs.
Fact.MR has provided detailed information about price points of top manufacturers of outdoor power equipment market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
On 8th June 2021, Honda Motors Co. Ltd. has launched Honda eGX, an electrified power unit. The Honda eGX is the world's first battery-powered motor, engineered to be integrated into OEM power equipments for both indoor and outdoor use.
On 14th December 2021, Deere & Company have entered into an agreement to acquire majority of the shares of Kreisel Electric, Inc., a battery technology developer based in Austria.
Market Titans
Husqvarna AB
Makita Corp
Honda Motors Co. Ltd
Briggs & Stratton Corp.
MTD Holdings Inc.
Stanley Black and Decker Inc.
Andreas Stihl AG & Company KG
CHERVON (China) Trading Co., Ltd
Techtronic Industries Ltd.
Yamabiko Corporation
Emak S.p.A.
Robert Bosch
AL-KO kober Group
STIGA S.p.A.
Ariens Company
The Toro Company
Andreas Stihl AG & Company KG
Deere & Company
Report Scope
By Equipment:-
Outdoor Power Equipment for Lawn Care
Outdoor Power Equipment for Trimmer
Outdoor Power Equipment for Tree Care
Outdoor Power Equipment for Leaf blower
Outdoor Power Equipment for Snow Blower
Outdoor Power Equipment for Maintenance
Outdoor Power Equipment for HLE (Heavy Landscaping Equipment)
By Capability:-
Self-Propelled Mower
Riding Lawn Mower
Automatic Lawn Mower
Push Lawn Mower
Others
By Fuel Type:-
Diesel based Outdoor Power Equipment
Electric Outdoor Power Equipment
Battery Outdoor Power Equipment
By Price Range ($):-
0-100 dollar Outdoor Power Equipment
100-400 dollar Outdoor Power Equipment
400 & Above
By Sales Channel:-
Outdoor Power Equipment sales through Retail
Outdoor Power Equipment sales through Distributor
Outdoor Power Equipment sales through Online
By End-Use:-
Outdoor Power Equipment for Residential use
Outdoor Power Equipment for Commercial use
Outdoor Power Equipment for Public Places
By Region :-
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa (MEA)
Key Questions covered in the Outdoor Power Equipment Report
What will the growth rate of global outdoor power device market in forecasted years?
How much absolute dollar opportunity will be provided by the market?
What will be the global outdoor power equipment market valuation by 2032?
Which equipment type holds significant market shares?
Which region is leading the outdoor power equipment market?
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