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The market for outdoor power equipment was valued at USD 46.58 billion in 2021 and is anticipated to grow to USD 76.67 billion by 2030, at a CAGR of 6.9%. Because consumers are gravitating more towards greater flexibility and portability, there is an increase in demand for cordless outdoor power equipment, which is responsible for the market expansion.
Additionally, the technical developments made by a number of outdoor power equipment firms are anticipated to fuel market expansion. For instance, two autonomous lawn mowers, Indego M 700 and Indego M+ 700, were introduced by Robert Bosch GmbH in February 2020. These two interconnected lawn mowers have brushless DC motors and 18 V lithium batteries that can trim up to 700 square metres of medium-sized gardens on a single charge.
The market for outdoor power equipment is anticipated to rise as a result of factors including rising urbanisation, disposable income, and infrastructure development, as well as rising demand for landscaping services. Additionally, as people become more aware of environmental issues, more lithium-ion batteries are being used in outdoor power equipment because they are environmentally benign and maximise energy output. Many businesses are concentrating on innovation in lithium-ion batteries. For instance, Techtronic's Industries began using red lithium-ion batteries in 2021 for its cordless power tools because they operate more quickly and provide more performance throughout the course of the battery's life.
The popularity of gardening has quickly grown, especially among younger generations. The majority of young people choose to cultivate their own fruits, vegetables, and herbs. The equipment, plants, and tools that young people need should be able to fit in smaller places because they are more likely to reside in smaller yard lots. The gardening and lawn care sector is evolving to meet varied consumer demands by introducing equipment that is lighter and more comfortable to use.
Additionally, the popularity of home renovation projects is encouraging for the expansion of the market for garden and outdoor power equipment during the anticipated period. Businesses including The Toro Company, Husqvarna, and ANDREAS STIHL AG & Co. KG profited from the pandemic's stay-at-home trend, which lengthened the gardening season. In fact, the pandemic in 2020 did portray a bleak future for nearly all industry globally. The first several months of 2020 saw slower market growth due to the COVID-19 epidemic. However, with the start-up of operations in numerous companies in recent months, demand for diverse outdoor power equipment has seen substantial rise. The market is anticipated to develop significantly as demand for DIY tools and do-it-for-me (DIFM) services rises in both the commercial and residential sectors.
Report Coverage
Global Outdoor Power Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Outdoor Power Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Outdoor Power Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Outdoor Power Equipment market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Outdoor Power Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Outdoor Power Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Husqvarna AB; Makita Corp; Honda Motors Co. Ltd; Briggs & Stratton Corp.; MTD Holdings Inc.; Stanley Black and Decker Inc.; Andreas Stihl AG & Company KG; CHERVON (China) Trading Co., Ltd; Techtronic Industries Ltd.; Yamabiko Corporation; Ariens Company; The Toro Company; Andreas Stihl AG & Company KG; Deere & Company; Robert Bosch; AL-KO Kober Group
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Outdoor Power Equipment market based on the below-mentioned segments:
Global Outdoor Power Equipment Market, By Power Source
Gasoline
Battery
Electric Corded
Global Outdoor Power Equipment market, By Type
Lawn Mower
Chainsaw
Trimmer & Edger
Blowers
Tillers & Cultivators
Snow Throwers
Others
Global Outdoor Power Equipment Market, By End User
Residential
Commercial/ Government
Global Outdoor Power Equipment market, Regional Analysis
Additionally, the technical developments made by a number of outdoor power equipment firms are anticipated to fuel market expansion. For instance, two autonomous lawn mowers, Indego M 700 and Indego M+ 700, were introduced by Robert Bosch GmbH in February 2020. These two interconnected lawn mowers have brushless DC motors and 18 V lithium batteries that can trim up to 700 square metres of medium-sized gardens on a single charge.
The market for outdoor power equipment is anticipated to rise as a result of factors including rising urbanisation, disposable income, and infrastructure development, as well as rising demand for landscaping services. Additionally, as people become more aware of environmental issues, more lithium-ion batteries are being used in outdoor power equipment because they are environmentally benign and maximise energy output. Many businesses are concentrating on innovation in lithium-ion batteries. For instance, Techtronic's Industries began using red lithium-ion batteries in 2021 for its cordless power tools because they operate more quickly and provide more performance throughout the course of the battery's life.
The popularity of gardening has quickly grown, especially among younger generations. The majority of young people choose to cultivate their own fruits, vegetables, and herbs. The equipment, plants, and tools that young people need should be able to fit in smaller places because they are more likely to reside in smaller yard lots. The gardening and lawn care sector is evolving to meet varied consumer demands by introducing equipment that is lighter and more comfortable to use.
Additionally, the popularity of home renovation projects is encouraging for the expansion of the market for garden and outdoor power equipment during the anticipated period. Businesses including The Toro Company, Husqvarna, and ANDREAS STIHL AG & Co. KG profited from the pandemic's stay-at-home trend, which lengthened the gardening season. In fact, the pandemic in 2020 did portray a bleak future for nearly all industry globally. The first several months of 2020 saw slower market growth due to the COVID-19 epidemic. However, with the start-up of operations in numerous companies in recent months, demand for diverse outdoor power equipment has seen substantial rise. The market is anticipated to develop significantly as demand for DIY tools and do-it-for-me (DIFM) services rises in both the commercial and residential sectors.
Report Coverage
Global Outdoor Power Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Outdoor Power Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Outdoor Power Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Outdoor Power Equipment market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Husqvarna AB; Makita Corp; Honda Motors Co. Ltd; Briggs & Stratton Corp.; MTD Holdings Inc.; Stanley Black and Decker Inc.; Andreas Stihl AG & Company KG; CHERVON (China) Trading Co., Ltd; Techtronic Industries Ltd.; Yamabiko Corporation; Ariens Company; The Toro Company; Andreas Stihl AG & Company KG; Deere & Company; Robert Bosch; AL-KO Kober Group |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Outdoor Power Equipment Market from 2021 to 2030.
- Market Forecast for Outdoor Power Equipment Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Outdoor Power Equipment competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Outdoor Power Equipment
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Outdoor Power Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Outdoor Power Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Husqvarna AB; Makita Corp; Honda Motors Co. Ltd; Briggs & Stratton Corp.; MTD Holdings Inc.; Stanley Black and Decker Inc.; Andreas Stihl AG & Company KG; CHERVON (China) Trading Co., Ltd; Techtronic Industries Ltd.; Yamabiko Corporation; Ariens Company; The Toro Company; Andreas Stihl AG & Company KG; Deere & Company; Robert Bosch; AL-KO Kober Group
Primary Target Market
- Market Players of Outdoor Power Equipment
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Outdoor Power Equipment market based on the below-mentioned segments:
Global Outdoor Power Equipment Market, By Power Source
Gasoline
Battery
Electric Corded
Global Outdoor Power Equipment market, By Type
Lawn Mower
Chainsaw
Trimmer & Edger
Blowers
Tillers & Cultivators
Snow Throwers
Others
Global Outdoor Power Equipment Market, By End User
Residential
Commercial/ Government
Global Outdoor Power Equipment market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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