Global Outdoor Power Equipment Market Worth Likely to Amount 76.61 Million, at +5.90% CAGR by 2030

Market Overview:
The Global Outdoor Power Equipment Market size was reasonably estimated to be approximately USD 52.18 Million in 2023 and is poised to generate revenue over USD 76.61 Million by the end of 2030, projecting a CAGR of around 5.90% from 2023 to 2030.

The Outdoor Power Equipment (OPE) Market is a dynamic and growing industry that encompasses a wide range of equipment designed for outdoor use. This market is primarily driven by the demand for tools and machinery used in residential and commercial settings for tasks such as lawn care, landscaping, gardening, and maintenance of green spaces. Outdoor power equipment can be powered by various sources, including gasoline engines, electric units, and batteries, providing users with diverse options to suit their needs. The demand for these tools is driven by their efficiency, durability, and ease of use in maintaining outdoor spaces like lawns, gardens, parks, and golf courses.

Top Key Players Covered in The Outdoor Power Equipment Market
Corradi S.P.A., AirBoss Air Tools Co. Ltd., Andreas Stihl AG & Co. KG, American Lawn Mower Company, Apex Tool Group LLC, BEFCO Inc., Blount International Inc., Cub Cadet, Briggs & Stratton Corporation, Craftsman, Bigger Boyz Toyz Australia Pty Ltd, Comifer Srl, CAO HUNG TECHNICAL SERVICE TRADING COMPANY LIMITED, Arboriculture Canada Training and Education Ltd. and Other Major Players.

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Market Dynamics:
Driver:
Increasing Gardening and Landscaping Activities: With a rising focus on aesthetics and environmental consciousness, more individuals and businesses are investing in gardening and landscaping services. Outdoor power equipment such as lawnmowers, blowers, hedge trimmers, and saws play a crucial role in these activities, driving market growth. The market is witnessing a trend towards advanced and innovative products. Manufacturers are investing in research and development to introduce intelligent and connected equipment, such as robotic lawn mowers. The adoption of Internet of Things (IoT) devices and wireless networking techniques has revolutionized the industry, offering smarter and more efficient tools.

Opportunities:
Green Initiatives and Sustainability: As environmental concerns continue to gain prominence, there is a growing demand for eco-friendly outdoor power equipment. Manufacturers can capitalize on this opportunity by developing products that run on alternative energy sources, reducing emissions and promoting sustainability. The trend towards landscaping and gardening in residential and commercial properties offers significant potential for market growth. Companies can develop specialized equipment suitable for smaller-scale projects, catering to the growing number of homeowners and businesses seeking to enhance the aesthetics of their properties.

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Segmentation Analysis Of The Outdoor Power Equipment Market
Outdoor Power Equipment market segments cover the Equipment Type, Power Source, Functionality, and Applications. By Equipment Type, the Lawn Mower segment is Anticipated to Dominate the Market Over the Forecast period.Lawnmowers dominate the global market for outdoor power equipment. A lawnmower is a machine with one or more rotating blades that even out the height of the grass. A small internal combustion engine is the most typical self-contained power source for lawnmowers. Smaller lawnmowers frequently lack any form of propulsion and must be pushed across the surface by hand.

Lawnmowers are widely used around the world for chopping, trimming, and mowing grass patches, fields, lawns, and gardens to ensure that the grass is well-groomed and grows at the proper height. The increased development of parks and small-scale gardens in residential buildings and cities in an effort to reduce pollution has led to an increase in the demand for lawnmowers to maintain the aesthetics of these spaces.
Individuals' increased investment in residences with gardens has contributed to the expansion of the market. The presence of the aforementioned factors is anticipated to create numerous opportunities for market growth.
By Equipment Type
• Lawn Mower
• Chainsaw
• Trimmer & Edger
• Others

By Power Source
• Fuel
• Electric

By Functionality
• Connected/Smart
• Conventional

By Applications
• Commercial
• Residential

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Regional Analysis of The Outdoor Power Equipment Market
North America is Expected to Dominate the Market Over the Forecast period.
The United States holds a substantial market share, followed by Canada and Mexico. According to U.S. government regulations, community garden plots are also regarded as an integral part of society; consequently, the use of gardening tools boosts the market for outdoor power equipment. The presence of snow during the winter season has led to an increase in demand for outdoor power equipment, specifically snow blowers.The increase in urbanization and the willingness of consumers to spend discretionary income on recreational activities such as golf and landscaping services has a positive effect on the sales of small engines for commercial and residential applications. The government's initiatives in infrastructure development are facilitating massive construction projects, primarily in the urban areas of the countries.

The expansion of the construction industry is primarily driven by the private sector's ongoing investments in residential and commercial building projects. Additionally, individual homes in the United States with lawn or garden areas play a significant role in promoting the use of various outdoor power equipment. Due to the rise in the construction of single-family homes, the demand for lawns among Americans is rising.

Increasing construction and the rising popularity of do-it-yourself projects are driving up the demand for outdoor equipment in North America. The aforementioned initiatives are a major factor propelling the growth of this region's market over the forecast period. The following figure shows the new residential construction in the United State which depict the growing demand for Outdoor Power Equipment
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Developments in the Outdoor Power Equipment Market
In May 2022, Toro introduced a new robotic lawnmower that will be available in the spring of 2023. In the final year of R&D is an autonomous, intelligently connected, and alternatively powered new robotic mower. Without the need for alternative boundary wire installation, wireless navigation and vision-based localization systems permit simple installation and can be tailored to each plot. It has anti-theft features and slope-friendly cutting capabilities, and it is quite functional.

In April 2022, Karcher released an autonomous robotic floor scrubber and expanded its autonomous product line with a sophisticated robotic scrubber. This KIRA B 100 R robot is powered by Brain OS, which is developed by Brain Corporation. It is the globally recognized and commercially authenticated software foundation for Autonomous Mobile Robots (AMRs) and their functional public indoor environments. In addition, KIRA represents the Karcher application of intelligent robotic application.

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