What’s the Current Market Size and Forecast for the Global Outdoor Power Equipment Market?
The outdoor power equipment market saw marginal growth in recent years. It is projected to increase from $28.38 billion in 2024 to $28.76 billion in 2025, at a compound annual growth rate (CAGR) of 1.3%. This growth during the historical period can be attributed to factors such as urbanization, landscaping and gardening, commercial landscaping services, farming, and agriculture, and sports field maintenance.
Looking forward, the outdoor power equipment market is forecasted to witness steady growth. It is anticipated to reach $33.83 billion in 2029, growing at a CAGR of 4.1% through the period. This growth can be attributed to factors such as diverse work environments, government initiatives, extreme weather preparedness, rental and leasing services, and seasonal demand. Additionally, trends such as technological advancements, sustainable landscaping, battery-powered equipment, electric lawnmowers, and smart connected equipment are expected to shape the market during the forecast period.
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What Are the Key Drivers of the Outdoor Power Equipment Market?
The growth in the construction industry is anticipated to bolster the outdoor power equipment market. Outdoor power equipment is extensively used in construction works to clear the soil and chop plants before work commences and for grounds maintenance. For instance, a report in January 2024 by the FMI Corporation, a US-based management consulting company, projected a 5% increase in engineering and construction investment in 2022 compared to 2021.
What Are the Major Segments in the Outdoor Power Equipment Market?
The market is segmented by:
1) Equipment Type: Trimmers and Edgers, Lawn Mowers, Blowers, Tillers and Cultivators, Snow Throwers, Other Equipment Types
2) Power Source: Fuel Powered, Electric Powered
3) Application: Residential, Commercial
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Who Are the Key Players in the Outdoor Power Equipment Market?
The major players 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 Are the Market Trends in the Outdoor Power Equipment Market?
Growing technological advancements have emerged as a key trend in the outdoor power equipment market, with leading players focusing on developing innovative solutions to sustain their market position. For instance, in February 2022, Stihl, a Germany-based manufacturer of outdoor power equipment, launched the Stihl MSA 300 chainsaw, which features power laminate technology and an LED display to monitor the saw’s status.
Which Region Dominates the Outdoor Power Equipment Market?
In 2024, North America was the largest region in the outdoor power equipment market. Other regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Outdoor Power Equipment Market Report 2025 Offer?
Outdoor power equipment refers to machinery powered by an engine or an electric motor, used for non-agricultural landscaping or land cultivation. These include tools such as saws, shovels, drills used to perform or facilitate manual or mechanical work outside for cutting lawns, gardens, golf courses, landscaping, or ground maintenance. The Outdoor Power Equipment Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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