PUBLISHER: SkyQuest | PRODUCT CODE: 1285938
PUBLISHER: SkyQuest | PRODUCT CODE: 1285938
Global Outdoor Power Equipment Market Size, Share, Growth Analysis, By Type, By Power Source, By Sales Channel, By Applications - Industry Forecast 2023-2030
Outdoor Power Equipment Market size was valued at USD 46.53 billion in 2021 and is poised to grow from USD 49.26 billion in 2022 to USD 76.61 billion by 2030, growing at a CAGR of 5.9% in the forecast period (2023-2030).
The global outdoor power equipment market refers to the industry that manufactures and sells tools and machines used for outdoor maintenance and landscaping activities. This market includes products such as lawn mowers, trimmers, chainsaws, and leaf blowers. Factors driving market growth include increasing urbanization, rising disposable income, and growing interest in DIY gardening. Technological advancements, such as battery-powered equipment, are also contributing to market expansion.
Top-down and bottom-up approaches were used to estimate and validate the size of Outdoor Power Equipment and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
The global outdoor power equipment market is segmented based on type, power source, sales channel, application, and region. Based on type, the market is segmented into lawn mowers, trimmer, blower, chainsaw, pressure washer, tillers and cultivators, and others. On the basis of power source, the market can be bifurcated into gasoline engine, battery powered, electric motor/corded. The sales channel segment is segregated in e-commerce, direct purchase. Based on application, the market is segregated into residential/DIY, commercial segments. The regional insights of the market are into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Driver
Outdoor power equipment, utilized for various purposes such as lawn maintenance, gardening, landscaping, golf course management, and ground care, typically relies on gasoline engines, electric motors, and battery-powered motors. In recent times, the surge in remote work arrangements, volatile gasoline prices, and growing concern for environmental preservation have led to a remarkable surge in the demand for battery-powered equipment in numerous locations. Prominent players in the market are advocating for the development of more eco-friendly and user-centric products, striving to provide clients with optimal choices. This trend has prompted businesses to adopt battery-powered solutions, leading to enhanced convenience for consumers and increased productivity for workers.
Restrain
As infrastructure and urban development continue to grow, outdoor power equipment plays a crucial role in the maintenance of residential and commercial areas, contributing to the realization of smart cities. However, the US Consumer Product Safety Commission (CPSC) has raised concerns regarding the usage of such equipment. The operation of mowers and other outdoor tools presents potential risks to both individuals and society, hindering the expansion of the market. In a preliminary investigation, government officials have discovered approximately 200 cases where individuals were involved in accidents caused by being run over, backed over, or rolled over by lawn mowers. These incidents have resulted in severe injuries and fatalities, including the tragic loss of young lives.
Trends
To attract a larger customer base and meet the growing demand, the incorporation of advanced technology into new product offerings has consistently played a crucial role in driving industry growth. Prominent industry leaders prioritize innovation and the development of novel products utilizing state-of-the-art technologies in order to maintain their competitive edge in the outdoor power equipment market. This approach aims to cater to the diverse needs and preferences of end users. For instance, ECHO introduced a backpack blower in 2021 that surpassed the power of any previous models released by ECHO or other manufacturers worldwide. Known as the PB-9010, this backpack blower stands unrivaled in terms of power, weight, and enhanced efficiency, ensuring exceptional performance. Professionals and consumers alike, as end customers, exhibit a strong inclination towards products equipped with cutting-edge technology.
Table of Contents
Executive Summary
Market overview
- Exhibit: Executive Summary - Chart on Market Overview
- Exhibit: Executive Summary - Data Table on Market Overview
- Exhibit: Executive Summary - Chart on Global Outdoor Power Equipment Market Characteristics
- Exhibit: Executive Summary - Chart on Market by Geography
- Exhibit: Executive Summary - Chart on Market Segmentation
- Exhibit: Executive Summary - Chart on Incremental Growth
- Exhibit: Executive Summary - Data Table on Incremental Growth
- Exhibit: Executive Summary - Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy-scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Outdoor Power Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
