Outdoor Equipment Market Forecast: Expanding Trends in Outdoor Lifestyle Products

The Outdoor Equipment Market is poised for significant growth, driven by a variety of factors that span technological advancements, changing consumer preferences, and the evolving infrastructural landscape across different regions.

Market Overview:

The Outdoor Equipment Market encompasses a range of outdoor power equipment like brush cutters, chain saws, and more, widely utilized in commercial and industrial sectors. The robust, effective, and reliable nature of these tools has been instrumental in their usage, primarily in gardening applications despite their higher costs.

Outdoor Equipment Market Growth Highlights :

Outdoor Equipment Market size was valued at US$ 24.04 Bn. in 2022 and the total revenue is expected to grow at 3.6% through 2023 to 2029, Outdoor Equipment Market is reaching nearly US$ 30.80 Bn. by 2029.

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In-Depth Outdoor Equipment Market Report Scope and Research Methodology

Examining the Outdoor Equipment market's competitive landscape involves assessing technology adoption, financial strength, portfolios, mergers, acquisitions, joint ventures, and strategic alliances. Our comprehensive report explores the drivers, limitations, opportunities, and challenges inherent in the Outdoor Equipment market. Utilizing a bottom-up approach, we estimate market size and growth rates.

To gain a deeper understanding of market penetration, pricing dynamics, demand analysis, and the competitive panorama, our report executes regional analysis at local, regional, and global levels. It presents essential details about the Outdoor Equipment market, including stakeholders, investors, and new entrants, facilitating the development of effective marketing strategies and investment plans.

Both primary and secondary data gathering techniques were employed for the Outdoor Equipment Market. Primary methods include surveys, questionnaires, and interviews with industry leaders, while secondary data sources encompass press releases, annual and financial reports, white papers, etc. SWOT analysis identifies market vulnerabilities, and the PORTER framework gauges industry competitiveness within the Outdoor Equipment Market.

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Market Dynamics:

1. Urban Greening and Consumer Preferences:
The increasing preference for green spaces in urban areas has been a significant driver. Cities are adopting greener spaces for comfortable living and environmental benefits, fueling demand for outdoor power equipment.

2. DIY Trend and Regulatory Factors:
The DIY approach and stringent regulations mandating property and garden maintenance have led to a surge in equipment adoption. Ergonomically designed equipment and growing consumer preferences for green spaces are driving market growth.

3. Infrastructure Development:
Infrastructural developments, urbanization, and changes in housing trends have propelled the demand for outdoor power equipment. The construction industry's growth, particularly in emerging markets like Asia-Pacific, contributes significantly to this trend.

Regional Insights in the Outdoor Equipment Market

1. APAC (Asia-Pacific):

Expected to witness the fastest CAGR due to increased investments in housing and infrastructure, especially in China and India. The construction industry growth and urbanization contribute significantly to market expansion.

2. Specific Market Projections:

Projections indicate significant market sizes in the United States, China, Japan, Canada, and Germany, each showing varied growth rates attributed to regional dynamics and economic factors.

Outdoor Equipment Market Segmentation

by Product

Lawn Mowers
Trimmers
Blowers
Others

The market is divided into fuel-powered and electrically powered segments based on Power Source. In 2022, the electrically powered category will lead the market. The expansion is ascribed to urbanisation, government-sponsored construction projects, technological advancements in batteries, and the creation of long-lasting, high-performance batteries. Furthermore, there will likely be a significant rise in demand for electrical equipment as customers' preference for green technologies grows.

Gardeners are now aware of the many benefits that electric lawnmowers offer over their gas-powered or conventional counterparts, which contribute to around 5% of all hydrocarbons in urban air.

by Power

Source Electrically powered
Fuel powered

by Application

Residential
Commercial

The market is divided into residential and commercial segments based on application. Current trends indicate that the domestic segment will not overtake the business sector. In actuality, manufacturers of consumer products profit from rising demand for lawn care services. Many of these service companies purchase consumer-market riding or walk-behind mowers for minor home maintenance tasks. Commercial items are necessary for larger projects like golf courses and parks. However, even at a golf course, a consumer walk-behind or riding mower is used to maintain the area near to the clubhouse.

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Key Players in the Outdoor Equipment Market

1. Husqvarna Group
2. Deere & Company
3. Toro
4. Honda Motor Co., Ltd.
5. Stihl Group
6. MTD Products
7. Ariens Company
8. Yamabiko Corporation
9. Stanley Black & Decker
10.Techtronic Industries
11.Briggs & Stratton Corporation
12.STIGA S.p.A.
13.AL-KO KOBER GROUP
14.Emak S.p.A.
15.Bosch
16.Makita
17.Schiller Ground Care
18.Excel Industries, Inc.
19.CHERVON Group
20.Jacobsen (Textron Company)

Table of Content: Outdoor Equipment Market

Part 01: Executive Summary

Part 02: Scope of the Outdoor Equipment Market Report

Part 03: Outdoor Equipment Market Landscape

Part 04: Outdoor Equipment Market Sizing

Part 05: Outdoor Equipment Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Comprehensive Analysis:

The market report aims to offer a comprehensive understanding of the Outdoor Equipment Market, catering to stakeholders. It covers past, present, and forecasted market scenarios, including trends and factors impacting the industry. The report employs tools like PORTER and PESTEL analyses, evaluating micro-economic factors influencing the market's growth trajectory.

Key Insights:

By providing insights into market dynamics, competitive analysis of key players, and a detailed understanding of market segments, the report serves as an invaluable resource for decision-makers and investors. It sheds light on market leaders, followers, and new entrants, facilitating informed decisions in a complex market landscape.

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