Press release
Steady Expansion Forecast for Outdoor Power Equipment Market, Projected to Reach $32.65 Billion by 2029
Outdoor Power Equipment Market
Outdoor Power Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the last few years, the outdoor power equipment market saw a slight dip in its size. A growth from "$28.38 billion in 2024 to $28.26 billion in 2025 can be expected at a compound annual growth rate (CAGR) of -0.4%. The growth observed in previous periods can be linked to factors such as urbanization, landscaping and gardening, commercial landscaping services, farming and agriculture, and the maintenance of sports fields.
Outdoor Power Equipment Market Size Forecast: What's the Projected Valuation by 2029?
A consistent rise is projected in the outdoor power equipment market scale in the coming years. The market is anticipated to augment to $32.65 billion by 2029, with a compound annual growth rate (CAGR) of 3.7%. A combination of various factors such as diverse work environments, government programs, preparedness for severe weather conditions, rental and leasing, and seasonal demand are key contributors to the speculated growth in the forecasted period. The forecast period is also expected to witness major trends like technological innovations, sustainable landscaping, battery-powered devices, electric lawnmowers, and intelligent, interconnected equipment.
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What Are the Drivers Transforming the Outdoor Power Equipment Market?
The expansion of the construction sector is anticipated to fuel the advancement of the outdoor power equipment market. Construction encompasses activities such as building, modification, repair, renovation, enhancement, or the tear-down of any structures. Outdoor power equipment aids in construction by preparing the ground and eliminating vegetation prior to commencing the actual work, as well as assisting in maintaining the grounds. As illustrated, in January 2024, the FMI Corporation, a management consultant firm based in the US, posited that investment in engineering and construction would surge by 5% in 2022 relative to 2021. As a result, the evolution in the construction sector is paving the way for the enlargement of the outdoor power equipment market.
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What Long-Term Trends Will Define the Future of the Outdoor Power Equipment Market?
Technological innovation has become a dominant trend gaining traction in the outdoor power equipment market. Leading companies in this sector are concentrating on creating novel technological solutions to maintain their market standing. For example, Stihl, a German firm that produces chainsaws and outdoor power tools, introduced a new chainsaw named Stihl MSA 300 built with Power Laminate technology in February 2022. This chainsaw, the most robust battery-operated one available, includes an LED display for users to monitor its status.
Which Segments in the Outdoor Power Equipment Market Offer the Most Profit Potential?
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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Which Firms Dominate the Outdoor Power Equipment Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential in the Outdoor Power Equipment Market?
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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