Press release
Global Outdoor Power Equipment Market Forecast by QY Research: Growth and Trends 2025-2031
Outdoor Power Equipment Market
The global Outdoor Power Equipment market, according to QY Research, was valued at US$ 12,290 million in 2024 and is anticipated to reach US$ 13,810 million by 2031, witnessing a CAGR of 1.7% during the forecast period 2025-2031.
The global outdoor power equipment (OPE) market is experiencing robust growth, driven by increasing demand for residential and commercial landscaping, urban development, and technological advancements in equipment design.
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Market Segmentation
The OPE market is segmented based on equipment type, power source, and application:
• Equipment Type: Key segments include lawn mowers, chainsaws, trimmers and edgers, blowers, tillers and cultivators, and snow throwers. Lawn mowers account for a significant share, driven by their widespread use in residential and commercial landscaping.
• Power Source: Gasoline-powered equipment currently dominates the market due to its power and reliability. However, battery-powered equipment is gaining traction, offering benefits such as lower emissions and reduced noise levels.
• Application: The market serves various applications, including residential, commercial, and industrial sectors. The residential sector holds a substantial share, fueled by the growing trend of home gardening and landscaping.
Key Players
Prominent companies operating in the global OPE market include:
• ANDREAS STIHL AG & Co. KG
• AriensCo
• BAD BOY JOE LLC
• Briggs & Stratton LLC
• Deere & Co.
• Emak Spa
• Generac Holdings Inc.
• Greenworks Tools
• Honda Motor Co. Ltd.
• Husqvarna AB
• Makita Corp.
• Robert Bosch GmbH
• Stanley Black & Decker Inc.
• Techtronic Industries Co.
These companies focus on product innovation, quality, and customer satisfaction to maintain a competitive edge in the market.
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Market Dynamics
Several factors influence the growth of the OPE market:
• Technological Advancements: Innovations such as battery-powered equipment, smart tools, and robotic lawn mowers are enhancing efficiency and user experience.
• Urbanization and Landscaping Trends: Increasing urbanization and the popularity of outdoor living spaces are driving demand for landscaping services and equipment.
• Environmental Concerns: Growing awareness of environmental issues is encouraging the adoption of eco-friendly and energy-efficient equipment.
• Economic Factors: Economic growth and rising disposable incomes are leading to increased spending on home improvement and landscaping.
Regional Analysis
• North America: Dominates the global market, with the United States accounting for a significant share. The region's growth is attributed to the high adoption of advanced OPE and a strong culture of outdoor activities.
• Europe: Exhibits steady growth, driven by demand for eco-friendly equipment and urban landscaping projects.
• Asia-Pacific: Expected to witness the highest growth rate, particularly in countries like China and India, due to rapid urbanization and infrastructure development.
• Latin America and Middle East & Africa: These regions are experiencing moderate growth, with increasing investments in infrastructure and urban development.
Recent Developments
• Product Innovations: Companies are introducing new products, such as battery-powered lawn mowers and smart tools, to cater to changing consumer preferences.
• Strategic Partnerships: Collaborations and partnerships are being formed to expand product offerings and reach new markets.
• Sustainability Initiatives: Manufacturers are focusing on developing eco-friendly products to meet environmental regulations and consumer demand for sustainable solutions.
Frequently Asked Questions
1. What is the projected market size for OPE by 2034?
o The market is expected to reach USD 62 billion by 2034, growing at a CAGR of 5.33%.
2. Which equipment type holds the largest market share?
o Lawn mowers account for a significant share, driven by their widespread use in residential and commercial landscaping.
3. What is the fastest-growing power source segment?
o Battery-powered equipment is gaining traction due to its lower emissions and reduced noise levels.
4. Which region dominates the OPE market?
o North America dominates the global market, with the United States accounting for a significant share.
5. What are the key drivers of market growth?
o Technological advancements, urbanization, environmental concerns, and economic factors are driving market growth.
In conclusion, the global outdoor power equipment market is poised for substantial growth, driven by technological innovations, urban development, and increasing demand for landscaping services. Companies focusing on product innovation, sustainability, and strategic partnerships are well-positioned to capitalize on emerging opportunities.
About Us:
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert's resources (included energy automotive chemical medical ICT consumer goods etc.
Contact Us:
QY Research, INC.
315 Work Avenue, Raheja Woods,
Survey No. 222/1, Plot No. 25, 6th Floor,
Kayani Nagar, Yervada, Pune 411006, Maharashtra
Tel: +91-8669986909
Emails - enquiry@qyresearch.in
Web - https://www.qyresearch.in
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