Outdoor Power Equipment Market Overview
Outdoor power equipment is mostly used for outdoor activities like gardening, landscaping, and maintenance of the property. The equipment is extensively used owing to its robust, effective, and reliable nature. The global Outdoor Power Equipment market is expected to rise at a significant rate in the forthcoming years due to several advancements in technologies.
Presently, robotic outdoor power equipment and electric lawn mowers are making a buzz in the market. While robotic mowers are still in the beginning stage, the electric mowers promise substantial savings in electricity costs and provide the much desirable torque essential for landscaping activities for small areas. In addition, the increasing demand for high-quality real-estate, growing emphasis on aesthetics by Home Owners Associations, and rising demand for outdoor power equipment are anticipated to propel the growth of the Outdoor Power Equipment market steadily.
Furthermore, trends such as hydroponics can also represent key untapped opportunities in the market. Presently, many people are eagerly waiting for access to fresh vegetables in urban regions. Therefore, the growth of organic farming in urban areas with the proper know-how and new solutions can contribute major opportunities for the growth of the Outdoor Power Equipment market.
On the downside, high maintenance costs and availability of outdoor power equipment at rental are some factors that are expected to hamper the growth of the Outdoor Power Equipment market.
Covid-19 Impact on Outdoor Power Equipment Market
The intensity of COVID-19 impact on the construction and manufacturing sector is immense compared to other sectors. With the immediate actions taken to curb the spread of the infection, restrictions were imposed on manufacturing, personnel transport, and construction activities. These restrictions caused huge losses to the sector. As most construction sites in several countries shut down and many sites that reopened have faced disrupted supply chains and operational restrictions. A recently published stats show the overall construction and manufacturing industry is about to drop by 15 to 35% which is going to directly affect nations GDP.
Outdoor Power Equipment Market Segment Overview
Based on Power Source, the Electric Powered segment is expected to grow at a higher CAGR in the forecast period. Electric-powered equipment is mainly used by professionals and DIY users. The majority of these pieces of equipment are used by homeowners/do-it-yourself (DIY) users for residential gardening applications. Additionally, progresses in battery technology, e.g., the development of high-density batteries that can last longer once charged, is the prime factor contributing to the growing adoption of electric outdoor power equipment. Besides, manufacturers are also primarily focusing on cordless outdoor power equipment and launching innovative products in the market due to the rising interest of consumers in these types of equipment.
Outdoor Power Equipment Market, By Equipment Type
· Commercial
· Residential/DIY
Outdoor Power Equipment Regional Overview
In terms of region, the Outdoor Power Equipment market in Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period. The increasing investments in residential and infrastructure markets are projected to boost the construction sector, which would, in turn, increase the use of outdoor power equipment in APAC. In addition, Japan is home to many outdoor power equipment and small gas engine manufacturers. Further, China is investing largely in infrastructural development and urban area planning. This investment in the construction sector is the key growth factor for the market. As well, with rising urbanization in India, there has been a substantial demand for outdoor power equipment that can hugely support the construction sector for several urban development projects.
Outdoor Power Equipment Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Outdoor Power Equipment Market Competitor overview
Some key developments and strategies adopted by manufacturers in Outdoor Power Equipment are highlighted below.
· In October 2018, John Deere introduces the new diesel Z994R Commercial ZTrak™ zero-turn mower for more performance and efficiency in fleet. Developed from extensive customer feedback, the new Z994R expands the John Deere portfolio of diesel solutions for professional landscape contractors. The Z994R offers enhanced comfort, increased productivity, lower operating costs and longer engine life.
Outdoor Power Equipment Market, Key Players
· Husqvarna Group
· Deere & Company
· Toro
· Honda Motor Co., Ltd.
· Stihl Group
· MTD Products
· Ariens Company
· Yamabiko Corporation
· Stanley Black & Decker
· Techtronic Industries
· Briggs & Stratton Corporation
· STIGA S.p.A.
· AL-KO KOBER GROUP
· Emak S.p.A.
· Bosch
Outdoor power equipment is mostly used for outdoor activities like gardening, landscaping, and maintenance of the property. The equipment is extensively used owing to its robust, effective, and reliable nature. The global Outdoor Power Equipment market is expected to rise at a significant rate in the forthcoming years due to several advancements in technologies.
Presently, robotic outdoor power equipment and electric lawn mowers are making a buzz in the market. While robotic mowers are still in the beginning stage, the electric mowers promise substantial savings in electricity costs and provide the much desirable torque essential for landscaping activities for small areas. In addition, the increasing demand for high-quality real-estate, growing emphasis on aesthetics by Home Owners Associations, and rising demand for outdoor power equipment are anticipated to propel the growth of the Outdoor Power Equipment market steadily.
Furthermore, trends such as hydroponics can also represent key untapped opportunities in the market. Presently, many people are eagerly waiting for access to fresh vegetables in urban regions. Therefore, the growth of organic farming in urban areas with the proper know-how and new solutions can contribute major opportunities for the growth of the Outdoor Power Equipment market.
On the downside, high maintenance costs and availability of outdoor power equipment at rental are some factors that are expected to hamper the growth of the Outdoor Power Equipment market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Equipment Type, Power Source, Application, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Husqvarna Group, Deere & Company, Toro, Honda Motor Co., Ltd., Stihl Group, MTD Products, Ariens Company, Yamabiko Corporation, Stanley Black & Decker, Techtronic Industries, Briggs & Stratton Corporation, STIGA S.p.A., AL-KO KOBER GROUP, Emak S.p.A., Bosch |
Covid-19 Impact on Outdoor Power Equipment Market
The intensity of COVID-19 impact on the construction and manufacturing sector is immense compared to other sectors. With the immediate actions taken to curb the spread of the infection, restrictions were imposed on manufacturing, personnel transport, and construction activities. These restrictions caused huge losses to the sector. As most construction sites in several countries shut down and many sites that reopened have faced disrupted supply chains and operational restrictions. A recently published stats show the overall construction and manufacturing industry is about to drop by 15 to 35% which is going to directly affect nations GDP.
Outdoor Power Equipment Market Segment Overview
Based on Power Source, the Electric Powered segment is expected to grow at a higher CAGR in the forecast period. Electric-powered equipment is mainly used by professionals and DIY users. The majority of these pieces of equipment are used by homeowners/do-it-yourself (DIY) users for residential gardening applications. Additionally, progresses in battery technology, e.g., the development of high-density batteries that can last longer once charged, is the prime factor contributing to the growing adoption of electric outdoor power equipment. Besides, manufacturers are also primarily focusing on cordless outdoor power equipment and launching innovative products in the market due to the rising interest of consumers in these types of equipment.
Outdoor Power Equipment Market, By Equipment Type
- Lawn Mowers
- Riding Lawn Mowers
- Lawn Tractors & Garden Tractors
- Rear Engine Riding Mowers
- Zero-Turn-Radius (ZTR) Mowers
- Non-riding Lawn Mowers
- Walk-behind Lawn Mowers
- Robotic Lawn Mowers
- Riding Lawn Mowers
- Saws
- Chainsaws
- Trimmers & Edgers
- Trimmers & Brush Cutters
- Hedge Trimmers
- Walk-behind Edgers and Trimmers
- Blowers
- Backpack Blowers
- Handheld Blowers
- Tillers & Cultivators
- Snow Throwers
- Others
- Fuel Powered
- Electric Powered
- Corded
- Cordless
· Commercial
· Residential/DIY
Outdoor Power Equipment Regional Overview
In terms of region, the Outdoor Power Equipment market in Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period. The increasing investments in residential and infrastructure markets are projected to boost the construction sector, which would, in turn, increase the use of outdoor power equipment in APAC. In addition, Japan is home to many outdoor power equipment and small gas engine manufacturers. Further, China is investing largely in infrastructural development and urban area planning. This investment in the construction sector is the key growth factor for the market. As well, with rising urbanization in India, there has been a substantial demand for outdoor power equipment that can hugely support the construction sector for several urban development projects.
Outdoor Power Equipment Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Outdoor Power Equipment Market Competitor overview
Some key developments and strategies adopted by manufacturers in Outdoor Power Equipment are highlighted below.
· In October 2018, John Deere introduces the new diesel Z994R Commercial ZTrak™ zero-turn mower for more performance and efficiency in fleet. Developed from extensive customer feedback, the new Z994R expands the John Deere portfolio of diesel solutions for professional landscape contractors. The Z994R offers enhanced comfort, increased productivity, lower operating costs and longer engine life.
Outdoor Power Equipment Market, Key Players
· Husqvarna Group
· Deere & Company
· Toro
· Honda Motor Co., Ltd.
· Stihl Group
· MTD Products
· Ariens Company
· Yamabiko Corporation
· Stanley Black & Decker
· Techtronic Industries
· Briggs & Stratton Corporation
· STIGA S.p.A.
· AL-KO KOBER GROUP
· Emak S.p.A.
· Bosch
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Outdoor Power Equipment market during the forecast period?
A. The outdoor power equipment market is expected to record a CAGR of ~ 3 % during the forecast period.
Q2. Which Power Source segment is projected to hold the largest share in the Outdoor Power Equipment Market.?
A. The Electric Powered segment is projected to hold the largest share in the Outdoor Power Equipment Market.
Q3. What are the driving factors for the Outdoor Power Equipment market?
A. The increasing demand for high-quality real-estate, growing emphasis on aesthetics by Home Owners Associations, and rising demand for outdoor power equipment are major driving factors that boost the growth of the Outdoor Power Equipment market steadily.
Q4. What are the restraining factors for the Outdoor Power Equipment market?
A. On the downside, high maintenance costs and availability of outdoor power equipment at rental are some factors that are expected to hamper the growth of the Outdoor Power Equipment market.
Q5. Which are the prominent players offering outdoor power equipment?
A. Husqvarna Group, Deere & Company, Toro, Honda Motor Co., Ltd., Stihl Group, MTD Products, Ariens Company, Yamabiko Corporation, Stanley Black & Decker, Techtronic Industries, Briggs & Stratton Corporation, STIGA S.p.A., AL-KO KOBER GROUP, Emak S.p.A., Bosch. are some of the key players offering outdoor power equipment.
Outdoor Power Equipment Market Study Global Market Analysis, Insights and Forecast, 2020-20275.4. Market Analysis, Insights and Forecast – By Application 5.5. Market Analysis, Insights and Forecast – By Region 6.4. Market Analysis, Insights and Forecast – By Application 6.5. Market Analysis, Insights and Forecast – By Country 7.4. Market Analysis, Insights and Forecast – By Application 7.5. Market Analysis, Insights and Forecast – By Country 8.4. Market Analysis, Insights and Forecast – By Application 8.5. Market Analysis, Insights and Forecast – By Country 9.4. Market Analysis, Insights and Forecast – By Application 9.5. Market Analysis, Insights and Forecast – By Country
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Outdoor Power Equipment Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Equipment Type
- 5.2.1. Lawn Mowers
- 5.2.1.1. Riding Lawn Mowers
- 5.2.1.1.1. Lawn Tractors & Garden Tractors
- 5.2.1.1.2. Rear Engine Riding Mowers
- 5.2.1.1.3. Zero-Turn-Radius (ZTR) Mowers
- 5.2.1.2. Non-riding Lawn Mowers
- 5.2.1.2.1. Walk-behind Lawn Mowers
- 5.2.1.2.2. Robotic Lawn Mowers
- 5.2.1.1. Riding Lawn Mowers
- 5.2.2. Saws
- 5.2.2.1. Chainsaws
- 5.2.3. Trimmers & Edgers
- 5.2.3.1. Trimmers & Brush Cutters
- 5.2.3.2. Hedge Trimmers
- 5.2.3.3. Walk-behind Edgers and Trimmers
- 5.2.4. Blowers
- 5.2.4.1. Backpack Blowers
- 5.2.4.2. Handheld Blowers
- 5.2.5. Tillers & Cultivators
- 5.2.6. Snow Throwers
- 5.2.7. Others
- 5.2.1. Lawn Mowers
- 5.3. Market Analysis, Insights and Forecast – By Power Source
- 5.3.1. Fuel Powered
- 5.3.2. Electric Powered
- 5.3.2.1. Corded
- 5.3.2.2. Cordless
- 5.4.1. Commercial
- 5.4.2. Residential/DIY
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Outdoor Power Equipment Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Equipment Type
- 6.2.1. Lawn Mowers
- 6.2.1.1. Riding Lawn Mowers
- 6.2.1.1.1. Lawn Tractors & Garden Tractors
- 6.2.1.1.2. Rear Engine Riding Mowers
- 6.2.1.1.3. Zero-Turn-Radius (ZTR) Mowers
- 6.2.1.2. Non-riding Lawn Mowers
- 6.2.1.2.1. Walk-behind Lawn Mowers
- 6.2.1.2.2. Robotic Lawn Mowers
- 6.2.1.1. Riding Lawn Mowers
- 6.2.2. Saws
- 6.2.2.1. Chainsaws
- 6.2.3. Trimmers & Edgers
- 6.2.3.1. Trimmers & Brush Cutters
- 6.2.3.2. Hedge Trimmers
- 6.2.3.3. Walk-behind Edgers and Trimmers
- 6.2.4. Blowers
- 6.2.4.1. Backpack Blowers
- 6.2.4.2. Handheld Blowers
- 6.2.5. Tillers & Cultivators
- 6.2.6. Snow Throwers
- 6.2.7. Others
- 6.2.1. Lawn Mowers
- 6.3. Market Analysis, Insights and Forecast – By Power Source
- 6.3.1. Fuel Powered
- 6.3.2. Electric Powered
- 6.3.2.1. Corded
- 6.3.2.2. Cordless
- 6.4.1. Commercial
- 6.4.2. Residential/DIY
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Outdoor Power Equipment Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Equipment Type
- 7.2.1. Lawn Mowers
- 7.2.1.1. Riding Lawn Mowers
- 7.2.1.1.1. Lawn Tractors & Garden Tractors
- 7.2.1.1.2. Rear Engine Riding Mowers
- 7.2.1.1.3. Zero-Turn-Radius (ZTR) Mowers
- 7.2.1.2. Non-riding Lawn Mowers
- 7.2.1.2.1. Walk-behind Lawn Mowers
- 7.2.1.2.2. Robotic Lawn Mowers
- 7.2.1.1. Riding Lawn Mowers
- 7.2.2. Saws
- 7.2.2.1. Chainsaws
- 7.2.3. Trimmers & Edgers
- 7.2.3.1. Trimmers & Brush Cutters
- 7.2.3.2. Hedge Trimmers
- 7.2.3.3. Walk-behind Edgers and Trimmers
- 7.2.4. Blowers
- 7.2.4.1. Backpack Blowers
- 7.2.4.2. Handheld Blowers
- 7.2.5. Tillers & Cultivators
- 7.2.6. Snow Throwers
- 7.2.7. Others
- 7.2.1. Lawn Mowers
- 7.3. Market Analysis, Insights and Forecast – By Power Source
- 7.3.1. Fuel Powered
- 7.3.2. Electric Powered
- 7.3.2.1. Corded
- 7.3.2.2. Cordless
- 7.4.1. Commercial
- 7.4.2. Residential/DIY
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Outdoor Power Equipment Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Equipment Type
- 8.2.1. Lawn Mowers
- 8.2.1.1. Riding Lawn Mowers
- 8.2.1.1.1. Lawn Tractors & Garden Tractors
- 8.2.1.1.2. Rear Engine Riding Mowers
- 8.2.1.1.3. Zero-Turn-Radius (ZTR) Mowers
- 8.2.1.2. Non-riding Lawn Mowers
- 8.2.1.2.1. Walk-behind Lawn Mowers
- 8.2.1.2.2. Robotic Lawn Mowers
- 8.2.1.1. Riding Lawn Mowers
- 8.2.2. Saws
- 8.2.2.1. Chainsaws
- 8.2.3. Trimmers & Edgers
- 8.2.3.1. Trimmers & Brush Cutters
- 8.2.3.2. Hedge Trimmers
- 8.2.3.3. Walk-behind Edgers and Trimmers
- 8.2.4. Blowers
- 8.2.4.1. Backpack Blowers
- 8.2.4.2. Handheld Blowers
- 8.2.5. Tillers & Cultivators
- 8.2.6. Snow Throwers
- 8.2.7. Others
- 8.2.1. Lawn Mowers
- 8.3. Market Analysis, Insights and Forecast – By Power Source
- 8.3.1. Fuel Powered
- 8.3.2. Electric Powered
- 8.3.2.1. Corded
- 8.3.2.2. Cordless
- 8.4.1. Commercial
- 8.4.2. Residential/DIY
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Outdoor Power Equipment Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Equipment Type
- 9.2.1. Lawn Mowers
- 9.2.1.1. Riding Lawn Mowers
- 9.2.1.1.1. Lawn Tractors & Garden Tractors
- 9.2.1.1.2. Rear Engine Riding Mowers
- 9.2.1.1.3. Zero-Turn-Radius (ZTR) Mowers
- 9.2.1.2. Non-riding Lawn Mowers
- 9.2.1.2.1. Walk-behind Lawn Mowers
- 9.2.1.2.2. Robotic Lawn Mowers
- 9.2.1.1. Riding Lawn Mowers
- 9.2.2. Saws
- 9.2.2.1. Chainsaws
- 9.2.3. Trimmers & Edgers
- 9.2.3.1. Trimmers & Brush Cutters
- 9.2.3.2. Hedge Trimmers
- 9.2.3.3. Walk-behind Edgers and Trimmers
- 9.2.4. Blowers
- 9.2.4.1. Backpack Blowers
- 9.2.4.2. Handheld Blowers
- 9.2.5. Tillers & Cultivators
- 9.2.6. Snow Throwers
- 9.2.7. Others
- 9.2.1. Lawn Mowers
- 9.3. Market Analysis, Insights and Forecast – By Power Source
- 9.3.1. Fuel Powered
- 9.3.2. Electric Powered
- 9.3.2.1. Corded
- 9.3.2.2. Cordless
- 9.4.1. Commercial
- 9.4.2. Residential/DIY
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Husqvarna Group
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Deere & Company
- 10.6. Toro
- 10.7. Honda Motor Co., Ltd.
- 10.8. Stihl Group
- 10.9. MTD Products
- 10.10. Ariens Company
- 10.11. Yamabiko Corporation
- 10.12. Stanley Black & Decker
- 10.13. Techtronic Industries
- 10.14. Briggs & Stratton Corporation
- 10.15. STIGA S.p.A.
- 10.16. AL-KO KOBER GROUP
- 10.17. Emak S.p.A.
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
