Market Overview
Market Research Future (MRFR) predicts the global outdoor power equipment market to exhibit a 5.22% CAGR from 2022 to 2030(forecast period).
The outdoor power equipment market is going through a gradual change from manual equipment to technically advanced and automated equipment. One such example is the robotic lawnmower. Worldwide, demand for alternative power sources, connected interfaces, and technology integration in outdoor power equipment is rising at a remarkable rate. As a result, companies are interested in developing fully and semi-autonomous landscaping and lawn equipment for both residential and commercial customers. Rising urbanization, infrastructure activities, and disposable income combined with growing investments from companies are among the factors that are projected to fuel demand for robotic lawn mowers and other advanced outdoor power equipment during the forecast period.
The global outdoor power equipment market has been witnessing steady growth due to various factors such as increasing urbanization, rising disposable incomes, and a growing focus on landscaping and garden maintenance. Outdoor power equipment refers to machines and tools powered by internal combustion engines, electricity, or battery, designed for use in outdoor applications, mainly in gardening, lawn care, and landscaping activities.
Market Segmentation
The global outdoor power equipment industry has been segmented into products, power sources, and application.
- By product, the global outdoor power equipment market has been segmented into cordless and rope power tools.
- By power source, the global outdoor power equipment market has been segmented into electric, battery, and others.
- By applications, the global outdoor power equipment market has been segmented into household and commercial.
Regional Analysis
The segments covered in the global outdoor power equipment market report are analyzed concerning four main regions – North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Key Players
- 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).
Recent Development
- ECHO Incorporated Introduces ECHO eFORCE™ 56V Battery System:
ECHO Incorporated, a renowned manufacturer of professional-grade outdoor power equipment, has launched the ECHO eFORCE™ 56V Battery System. This new battery-powered system offers high performance and is designed for both commercial and homeowner use. With a focus on sustainability and efficiency, the ECHO eFORCE™ 56V Battery System aims to cater to the increasing demand for eco-friendly outdoor power solutions.
- Exmark's New Corporate Headquarters in Beatrice Industrial Park:
Exmark, a leading manufacturer of lawn care equipment, hosted a ribbon-cutting ceremony and open house at its new corporate headquarters in the Beatrice Industrial Park. The facility was completed in late 2019 and represents Exmark's commitment to innovation and growth in the outdoor power equipment industry.
- Amazon Launches GreenWorks Electric Outdoor Tools:
Amazon has introduced several GreenWorks electric outdoor tools that will be directly available for sale. These electric tools offer eco-friendly alternatives to gas-powered equipment, promoting energy efficiency and cost savings for consumers. By choosing electric outdoor tools, customers can reduce their reliance on gas-powered equipment and contribute to sustainability efforts.
- Greenworks Pro 60V Line Available at Tractor Supply Stores:
The Greenworks Pro 60V line of battery-operated outdoor power equipment is now accessible at all Tractor Supply stores. This expansion in availability allows more customers to access and choose battery-operated solutions, which are quieter and emit fewer emissions compared to traditional gas-powered equipment.
- AGZA and NALP Collaborate for Zero-Emission Equipment in Landscape Industry:
The American Green Zone Alliance (AGZA) and the National Association of Landscape Professionals (NALP) announced their collaboration to facilitate a responsible transition from gas-powered to zero-emission equipment in the landscape industry. This partnership aims to promote sustainable practices and encourage the adoption of eco-friendly outdoor power equipment among landscape professionals.
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