Press release
Key Factor Supporting Outdoor Power Equipment Market Development in 2025: Construction Industry Growth Fuels Demand For Outdoor Power Equipment
Outdoor Power Equipment
How Large Will the Outdoor Power Equipment Market Size By 2025?
In recent years, there has been a slight increase in the size of the outdoor power equipment market. Its growth is projected to rise from $28.38 billion in 2024 to $28.76 billion in 2025, showcasing a compound annual growth rate (CAGR) of 1.3%. The growth during the historic period has been influenced by factors such as urbanization, landscaping and gardening, commercial landscaping services, as well as farming, agriculture, and sports field maintenance.
How Big Is the Outdoor Power Equipment Market Size Expected to Grow by 2029?
The size of the outdoor power equipment market is set for consistent expansion in the upcoming years, anticipated to reach the value of $33.83 billion by 2029, with a compound annual growth rate (CAGR) of 4.1%. The forecasted growth is due to a variety of factors, including diverse workplace settings, government-led schemes, readiness for severe weather conditions, rental and leasing services, and cyclical demand. The forecast period will also likely see significant trends such as technological progression, eco-friendly landscaping, battery-driven equipment, electric lawn mowers, and intelligent, interconnected machinery.
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Which Key Market Drivers Powering Outdoor Power Equipment Market Expansion and Growth?
The surge in the construction sector is set to fuel the expansion of the outdoor power equipment market in the future. Construction operations, encompassing building, alteration, repair, renovation, enhancement, or demolition of any constructions, utilize outdoor power equipment. This equipment is critical for preparing the soil and trimming plants before initiating the project, as well as for grounds maintenance. For example, as per the FMI Corporation's statement in January 2024- a management consultancy based in the US- there will be a 5% increase in engineering and construction investment in 2022 compared to 2021. Consequently, the boom in the construction sector propels the expansion of the outdoor power equipment market.
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Which Fast-Growing Trends Are Poised to Disrupt the Outdoor Power Equipment Market?
The emergence of technological advancements is currently the leading trend in the outdoor power equipment market. To maintain their dominance in the industry, key businesses are concentrating on the creation of new technological solutions. For example, in February 2022, Stihl, a company based in Germany that produces outdoor power equipment and chainsaws, released a new product, the Stihl MSA 300 chainsaw, which utilises Power Laminate technology. With a potent battery-powered chainsaw and an LED display for status monitoring, it epitomises the height of innovation in this sector.
What Are the Emerging Segments in 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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Who Are the Global Leaders in the Outdoor Power Equipment Market?
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.
Which are the Top Profitable Regional Markets for the Outdoor Power Equipment Industry?
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.
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