Press release
Strong Growth Ahead: Outdoor Power Equipment Market Size To Grow At Arecord 4.1% Cagr By 2029
Outdoor Power Equipment
How Big Is the Outdoor Power Equipment Market Size Expected to Be by 2034?
The size of the outdoor power equipment market has seen a slight increase in recent times. It is projected to rise from $28.38 billion in 2024 to $28.76 billion in 2025, with a compound annual growth rate (CAGR) of 1.3%. The historical growth of this market can be traced back to factors such as urbanization, ornamental and gardening activities, commercial landscaping services, farming and agricultural practices, and the upkeep of sports fields.
In the coming years, a continuous growth is predicted for the outdoor power equipment market. A compound annual growth rate (CAGR) of 4.1% is projected to result in a market size of $33.83 billion by 2029. Various factors such as various work environments, government policies, preparation for severe weather, rental and leasing options, and seasonal demand contribute to this growth in the predicted period. Key trends expected to shape the market during this period include developments in technology, sustainable landscaping, battery-operated tools, electric lawnmowers, and intelligent, interconnected equipment.
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What Are the Emerging Segments Within the Outdoor Power Equipment Market?
The outdoor power equipment market covered in this report is segmented -
1) By Equipment Type: Trimmers and Edgers, Lawn Mowers, Blowers, Tillers nd Cultivators, Snow Throwers, Other Equipment Types
2) By Power Source: Fuel Powered, Electric Powered
3) By Application: Residential, Commercial
Subsegments:
1) By Trimmers And Edgers: String Trimmers, Edgers, Brush Cutters
2) By Lawn Mowers: Push Lawn Mowers, Self-Propelled Lawn Mowers, Riding Lawn Mowers, Robotic Lawn Mowers
3) By Blowers: Handheld Leaf Blowers, Backpack Leaf Blowers, Walk-Behind Leaf Blowers
4) By Tillers And Cultivators: Gas-Powered Tillers, Electric Tillers, Manual Cultivators
5) By Snow Throwers: Single-Stage Snow Throwers, Two-Stage Snow Throwers, Three-Stage Snow Throwers
6) By Other Equipment Types: Chainsaws, Pressure Washers, Hedge Trimmers, Garden Sprayers
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What Long-Term Drivers Are Shaping Outdoor Power Equipment Market Trends?
The outdoor power equipment market is anticipated to grow alongside the construction industry. Construction involves the creation, alteration, renovation, improvement, or destruction of any structure, and outdoor power equipment is crucial in clearing land and maintaining grounds before construction begins. For example, the FMI Corporation, an American management consultancy, predicted in January 2024 that there would be a 5% increase in engineering and construction investment in 2022 compared to 2021. As such, it's evident that the construction industry's growth positively impacts the expansion of the outdoor power equipment market.
Who Are the Top Competitors in Key Outdoor Power Equipment Market Segments?
Major companies operating in the outdoor power equipment market include Briggs & Stratton Corporation, Deere & Company, Honda Motor Co. Ltd., The Husqvarna Group., Makita Corporation., Yamabiko Corporation, STIHL AG & Co. KG, Techtronic Industries Company Ltd., The Toro Company, Andreas Stihl AG & Co.KG, AriensCo, Oregon Tool Inc., Snow Joe LLC., Craftsman, Positec Tool Corporation., AL-Ko Kober Group, Excel Industries Inc., Chevron Trading Co Ltd., MTD Holdings Inc., Stanley Black and Decker Inc., Robert Bosch GmbH, Greenworks Tools, EGO Power Plus, Ryobi Limited, Snapper Inc., Troy-Bilt LLC., Remington Arms Company LLC., Swisher Acquisition Inc.
What Outdoor Power Equipment Market Trends Are Gaining Traction Across Different Segments?
The main trend that is gaining traction in the outdoor power equipment market is technological advancements. To maintain their standing in the market, major companies in this sector are concentrating on creating innovative technological solutions. For instance, Stihl, a company from Germany that specializes in the production of chainsaws and other outdoor power equipment, released a new chainsaw, the Stihl MSA 300, powered by Power Laminate technology, in February 2022. This is the most powerful battery-operated chainsaw and comes with an LED display permitting users to track the saw's performance.
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Which Regions Are Becoming Hubs for Outdoor Power Equipment Market Innovation?
North America was the largest region in the outdoor power equipment market in 2024. The regions covered in the outdoor power equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Outdoor Power Equipment Market?
2. What is the CAGR expected in the Outdoor Power Equipment Market?
3. What Are the Key Innovations Transforming the Outdoor Power Equipment Industry?
4. Which Region Is Leading the Outdoor Power Equipment Market?
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