According to a research report published by Spherical Insights & Consulting, the global outdoor power equipment market size will be valued at USD 30.67 billion in 2023, and the global outdoor power equipment market size will reach USD 42.34 billion by 2033. is expected to reach. Target companies: Karcher, Yamabiko Manufacturers, Bosch, Honda, Cub Cadet, Troublit LLC, Husqvarna Group, MTD Products, Makita Group, Vb Emak, Tektronic Industries, Maruyama US, Inc., Stanley Black & Decker, Toro Company, Haikoki , Deere, Jonsered and other major vendors.
New York, USA, March 12, 2024 (Globe Newswire) — The global outdoor power equipment market size will grow from USD 30.67 billion in 2023 to USD 30.67 billion by 2033, at a compound annual growth rate (CAGR) of 3.28. It is expected to grow to USD 42.34 billion. % during the forecast period.
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Equipment used specifically for outdoor service is called outdoor powered equipment. Outdoor power equipment often includes chainsaws, rakes, brush cutters, edgers, and other tools. Outdoor power supplies are used for a variety of applications in both domestic and commercial fields. Outdoor power supplies are commonly used by end users who provide commercial services, such as lawn and plant care companies. The end users of residential outdoor power supplies are do-it-yourselfers and homeowners. Additionally, technological advances in the product business are leveraging equipment battery power to improve employee productivity and customer comfort. Additionally, Tektronic plans to use red lithium-ion batteries in its cordless power tools in 2021, as they are expected to last longer and work faster. During the forecast period, the market is expected to rise at a faster pace due to factors such as increasing urbanization, increasing disposable income, and increasing demand for those factors. However, high maintenance costs remain one of the industry's biggest concerns. Regular inspections are required to ensure that outdoor power equipment operates correctly. Checking for broken switches, lubrication, sharpening, and any other maintenance necessary to keep your equipment in good condition should be included in your regular inspections. High maintenance costs associated with outdoor power equipment may hinder market expansion.
Browse the report's 120 market data tables and 200 pages of key industry insights, including figures and charts. ”Global outdoor power equipment market Size, share, and COVID-19 impact analysis, by type (lawn mowers, saws, trimmers and edgers, blowers, snow blowers, cultivators and cultivators, others), by fuel (gasoline-powered, battery-powered, electric motors) /coded), functionality (connected/smart, traditional), application (commercial, residential), and region (North America, Europe, Asia Pacific, Latin America, Middle East, Africa) from 2023 to 2033. . ”
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Lawn mowers segment commands the largest revenue share and dominates the market throughout the forecast period.
Based on type, the global outdoor power equipment market is segmented into lawn mowers, saws, trimmers and edgers, blowers, snow blowers, cultivators and tillers, etc. Among these, the lawn mower segment dominates the market by capturing the largest revenue share throughout the forecast period. Increased urbanization by these residential users has led to increased interest in garden maintenance and landscaping services, and such factors are driving the market growth over the forecast period.
battery operated This segment is witnessing significant CAGR growth over the forecast period.
Based on fuel, the global outdoor power equipment market is segmented into gasoline-powered, battery-powered, and electric motor/cord-powered. Out of this, the battery powered segment has witnessed significant growth over the forecast period. Battery power is beneficial for the environment as it helps reduce carbon emissions. It is also lighter than gasoline.
The connected/smart segment is expected to hold the largest share in the global outdoor power equipment market during the forecast period.
Based on functionality, the global outdoor power equipment market is segmented into connected/smart and traditional. Out of this, the connected/smart segment is expected to hold the largest share in the outdoor power equipment market during the forecast period. To create long-term value for customers, manufacturers are focusing on new technological opportunities to reduce the cost of devices linked to smart products.
The residential segment accounted for the largest share of revenue over the forecast period.
Based on application, the global outdoor power supply market is segmented into commercial and residential. Among these, the residential segment dominates the market by capturing the largest revenue share over the forecast period. People are interested in farm gardening. Gardens that grow plants, foliage, flowers, and plants that are often used for their aesthetic appeal require power equipment such as rotary tillers and hedge trimmers to carry out all these processes. Leaf blowers and lawn mowers.
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North America dominates the market with the largest market share over the forecast period.
North America dominates the market with the largest market share over the forecast period. In the United States, consumers are being influenced by new technological devices. Leading manufacturers are focused on consumer demand for equipment such as lead blowers, lawn mowers, and chainsaws. For example, Ryobi is a leading manufacturer of outdoor equipment and power tools and is expanding its product range, including the new His 80V Lawn Tractor.
The Asia-Pacific region is expected to grow the fastest during the forecast period. Urbanization of not only residential buildings but also commercial buildings is progressing. In the Asia-Pacific region, Japan, China, and India are emerging technologies in developing countries. As deforestation continues, companies are supporting local electrical infrastructure.
Competitive analysis:
The report offers pertinent analysis of key organizations/companies involved in the global market along with comparative evaluation mainly based on product offerings, business overview, geographical presence, corporate strategies, segment market shares, and SWOT analysis. . The report also provides an in-depth analysis focusing on the company's current news and developments, including product development, innovation, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and more. This allows you to assess the overall competition within the market. The major vendors in the global outdoor power equipment market are Karcher, Yamabiko Manufacturing, Bosch, Honda, Cub Cadet, Troy Britt LLC, Husqvarna Group, MTD Products, Makita Group, Vb Emak, Tektronic Industries, Maruyama US, Stanley Black & Decker, It's Toro. Company, Hikoki, Deer, John Sered, etc.
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recent trends
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In January 2023, Husqvarna Group has announced the launch of a two-year warranty program aimed at providing commercial lawn and tree care professionals with advanced protection for their equipment.
market segment
This study projects revenues at global, regional, and country levels from 2020 to 2033. Spherical Insights segments the global Outdoor Power Equipment market based on the following segments:
Outdoor Power Supply Market, Type Analysis
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lawn mower
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saw
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trimmer & edger
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blower
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snowblower
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cultivator and cultivator
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others
Outdoor power equipment market, fuel analysis
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gasoline powered
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battery powered
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electric motor/corded
Outdoor power equipment market, functional analysis
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Connected/Smart
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Traditional
Outdoor power equipment market, application analysis
Outdoor Power Supply Market, Regional Analysis
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North America
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Europe
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Germany
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England
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France
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Italy
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Spain
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Russia
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rest of europe
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Asia Pacific
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China
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Japan
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India
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South Korea
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Australia
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Rest of Asia Pacific
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south america
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Brazil
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Argentina
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rest of south america
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middle east and africa
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