Outdoor Power Equipment Market Research Report – Forecast to 2030

Outdoor Power Equipment Market Information: by Product (Cordless Tools, Rope Power Tools), Power Source (Electric, Battery, Others), Application (Household, Commercial), and Region – Global Forecast Till 2030

ID: MRFR/IA - E/4985-CR | September 2018 | Region: Global | 177 Pages         

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Outdoor Power Equipment Market

Outdoor Power Equipment Market Size is expected to cross USD $43.8 billion by 2028 at a CAGR of 5.22% during the forecast period 2021-2028

Segmentation
By Product Cordless Tools Rope Power Tools
By Power Source Electric Battery Others
By Application Household Commercial
Key Players
Companies Profiled   Husqvarna (Sweden)    Deere & Company (U.S.)    Honda Motor Co. Ltd. (Japan)    Blount International Inc. (U.S.)    The Toro Company (U.S.)    STIHL Holding AG & Co. KG (Germany)    Stanley Black & Decker Inc. (U.S.)    Makita Corporation (Japan)    MTD Products (U.S.)    Emak S.p.A. (Italy)    Techtronic Industries Co. Ltd. (TTI) (Hong Kong)
Drivers
Market Driving Forces   New product launches and R&D Amongst major key Players    Increasing use of power tools for do-it-yourself (DIY) projects coupled with growing household activities
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Outdoor Power Equipment Market size is projected to exhibit a 5.22% CAGR from the forecast period (2022 to 2030) by owing to technological advances.


Outdoor Power Equipment Market Synopsis

The Outdoor Power Equipment market will gain growth owing to technological advances occurring worldwide. Outdoor power equipment uses compact engines or small motors to function. When the equipment is used specifically for outdoor services, it is determined as outdoor power equipment. The outdoor power equipment includes several types: brush cutters, edgers, chain saws, power rakes, and more. Outdoor power equipment is a major need in commercial and residential industries. End-verticals commonly use it for commercial purposes, such as lawn & plant care providers and landscape service providers. The end verticals who use outdoor power equipment for residential purposes are do-it-yourself (DIY) enthusiasts and homeowners. The most widely used outdoor power equipment is the lawnmower. The increasing need for the DIY approach in almost all households is the major growth factor. The rising outdoor activities are also a boosting effect on the market. The considerable growth of the construction sector also has a major hand in the Outdoor Power Equipment Market.


Increasing use of power tools for do-it-yourself (DIY) projects coupled with growing household activities is likely to augment market growth during the forecast period. The explosive growth in the ecommerce industry and changing buying patterns of customers will lead to changes in sales tactics among manufacturers. Fluctuation of raw material prices and the preference of artificial grass can restrain the market growth.


Outdoor Power Equipment Market Competitive Landscape


Major players in the outdoor power equipment market include Husqvarna (Sweden), Deere & Company (U.S.), Honda Motor Co., Ltd. (Japan), Blount International, Inc. (U.S.), The Toro Company (U.S.), STIHL Holding AG & Co. KG (Germany), Stanley Black & Decker Inc. (U.S.), Makita Corporation (Japan), MTD Products (U.S.), Emak S.p.A. (Italy), and Techtronic Industries Co. Ltd. (TTI) (Hong Kong).


Recent Development


April 2022



  • ECHO Incorporated, a leading manufacturer of professional-grade, high-performance outdoor power equipment for commercial and homeowner use for 50 years. It has launched the ECHO eFORCE™ 56V Battery System.

  • Exmark hosted a ribbon-cutting and open house at its new corporate headquarters in the Beatrice Industrial Park. The facility was finished in late 2019.

  • Amazon has launched several GreenWorks electric outdoor tools that will be directly on sale and save a huge amount. This will save money on gas and other efficiencies as well.

  • The Greenworks Pro 60V line of battery-operated outdoor power equipment is now available at all Tractor Supply stores.

  • The American Green Zone Alliance (AGZA) and the National Association of Landscape Professionals (NALP) announced on 5th April 2022 that they would work together on an approach to the responsible transition from gas to zero-emission equipment in the landscape industry.


The report offers comprehensive profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, expansion techniques, and latest R&D initiatives are discussed in minute detail. Mergers and acquisitions and new product launches are two of the biggest strategies employed by players to sustain their position in the market.

Outdoor Power Equipment Market Segment Overview


By product, the global outdoor power equipment market is segmented into cordless and rope power tools. By power source, the market is segmented into electric, battery, and others. Major market applications comprise household and commercial.


The segments covered in the market report are analyzed with respect to four main regions – North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW), with respective country-level market sizing. The report discusses in detail the various players residing in these regions and their respective strategies to climb up the market ladder.


Outdoor Power Equipment Market Report Overview


The report provides an accurate overview of the market by correlating the historical data with key market dynamics. Our analysts make highly astute projections regarding the scope of the market and its future prospects. MRFR’s report includes a thorough analysis of the global outdoor power equipment market segmented according to product, power source, application, and region. Trends and opportunities are highlighted coupled with the market share of companies as well as their valuation in the market. It analyzes new revenue sources for players and outlines the various strategies implemented by players.


Analysis Period



  • Base Year - 2021

  • Projection Period - From 2022 to 2030

  • Market Denomination - USD Million

  • Conversion Rate - Considered as per the respective financial years


Outdoor Power Equipment Market Segments


Product



  • Cordless Tools

  • Rope Power Tools


Power Source



  • Electric

  • Battery

  • Others


Application



  • Household

  • Commercial


Regions



  • North America





    • The U.S.

    • Canada

    • Mexico




  • Europe

    • Germany

    • France

    • The U.K.

    • Turkey

    • Italy

    • Spain

    • Russia

    • Rest of Europe



  • Asia Pacific





    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Southeast Asia

    • Rest of Asia Pacific




  • Rest-of-the-World

    • South America

    • The Middle East & Africa




Research Methodology


At MRFR, our research analysts conduct a thorough objective analysis of the market while creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market. Use of primary research strategies such as interviews with top executives of power equipment manufacturers and others in the supply chain. Secondary research entails a thorough analysis of past and present trends in a forward-looking manner. Additionally, market size estimation and validation use both top-down & bottom-up approaches to obtain data from the value and supply chain. The balanced number of buyers and suppliers will result in a negligible demand-supply gap. Credible resources are accessed and verified by analysts to understand the nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameters in an effort to provide clients with a conclusive and dependable view of the future.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   5.22% CAGR(2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Power Source and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Husqvarna (Sweden), Deere & Company (U.S.), Honda Motor Co., Ltd. (Japan), Blount International, Inc. (U.S.), The Toro Company (U.S.), STIHL Holding AG & Co. KG (Germany), Stanley Black & Decker Inc. (U.S.), Makita Corporation (Japan), MTD Products (U.S.), Emak S.p.A. (Italy), and Techtronic Industries Co. Ltd. (TTI) (Hong Kong)
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   Increasing use of power tools for do-it-yourself (DIY) projects coupled with growing household activities


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Frequently Asked Questions (FAQ) :

Husqvarna, Deere & Company, Honda Motor Co., Ltd., Blount International, The Toro Company, STIHL Holding AG & Co. KG, Stanley Black & Decker Inc., Makita Corporation, MTD Products, Emak S.p.A., Techtronic Industries Co. Ltd. and Others are major companies ni the outdoor power equipment market.

The outdoor power equipment global market is projected to register a moderate 5.22% CAGR in the forecast period.

Rising use of power tools for DIY projects and the growing household activities are driving the growth of the market.

the wavering raw material prices and the preference of artificial grass are likely to hamper the growth of the outdoor power equipment market over the review period.