Market Overview:

The Global Outdoor Power Equipment Market size was reasonably estimated to be approximately USD 52.18 Million in 2023 and is poised to generate revenue of over USD 76.61 Million by the end of 2030, projecting a CAGR of around 5.90% from 2023 to 2030.

Outdoor Power Equipment (OPE) refers to equipment with small motors or engines that are primarily used outdoors. Outdoor power equipment is utilized by residential and commercial users for a variety of tasks, including landscaping and maintaining lawns, gardens, and golf courses. The equipment is powered by a gasoline engine, an electric unit, or batteries and is robust and efficient, making it more popular. In addition, increasing urbanization has resulted in the development of smart cities and infrastructure, which has increased the demand for this construction equipment.

The market for outdoor power equipment is shifting towards advanced and innovative products. A notable illustration is the robotic lawn mower. The demand for alternative energy sources and more efficient equipment is gradually increasing. The market is currently saturated with electric lawnmowers and robotic outdoor power equipment.

Top Key Players Covered in The Outdoor Power Equipment Market:

• • Corradi S.P.A. (Italy)
  • AirBoss Air Tools Co. Ltd. (Taiwan)
  • Andreas Stihl AG & Co. KG (Germany)
  • American Lawn Mower Company (USA)
  • Apex Tool Group LLC (USA)
  • BEFCO Inc. (USA)
  • Blount International Inc. (USA)
  • Cub Cadet (USA), and Other Major Players

Market Dynamics and Factors:           

Market demand for equipment is primarily driven by the rising demand for landscaping services to enhance the aesthetic appeal of residential properties. Additionally, commercial users utilize it to improve the appearance of their properties. For lawn maintenance, hardscaping, lawn renovation, tree care, organic or natural lawn care, and snow removal, outdoor power equipment such as lawnmowers, blowers, hedge trimmers, and saws are used in the landscaping industry. 70% of the world's population will reside in or near urban areas, where increased landscaping and gardening activities will contribute to an increase in demand for outdoor equipment.

The introduction of a new product with evolving technology has always been a key market and industry growth driver, enabling businesses to attract more customers and meet rising demand.

As the adoption of IoT devices and the demand for smart and connected products increases, manufacturers are emphasizing the delivery of connected equipment. Developments in technology and the adoption of wireless networking techniques result in the creation of intelligent and networked tools. For leading OPE manufacturers, the production of intelligent and connected equipment is becoming increasingly important. For instance, technological advancements are anticipated to benefit the market by fostering the growth of robotic lawnmowers. In addition, the demand for battery-powered and cordless saws in the construction industry is the primary driver of the segment's expansion.

The Outdoor Power Equipment Market Report Highlight:

• • By Equipment Type, the Lawn Mower segment is Anticipated to Dominate the Market Over the Forecast period. Lawnmowers dominate the global market for outdoor power equipment. A lawnmower is a machine with one or more rotating blades that even out the height of the grass. A small internal combustion engine is the most typical self-contained power source for lawnmowers. Smaller lawnmowers frequently lack any form of propulsion and must be pushed across the surface by hand.
  • By Applications, the commercial segment is poised to drive growth in the Outdoor Power Equipment market due to increasing demand from professional landscaping services, municipalities, and commercial property maintenance. Businesses require powerful and efficient outdoor equipment for large-scale lawn care, contributing to the segment's prominence in the market.
  • By Region, North America is Expected to Dominate the Market Over the Forecast period. The United States holds a substantial market share, followed by Canada and Mexico. According to U.S. government regulations, community garden plots are also regarded as an integral part of society; consequently, the use of gardening tools boosts the market for outdoor power equipment. The presence of snow during the winter season has led to an increase in demand for outdoor power equipment, specifically snow blowers.

Key Industry Development:

• • In May 2022, Toro introduced a new robotic lawnmower that will be available in the spring of 2023. In the final year of R&D is an autonomous, intelligently connected, and alternatively powered new robotic mower. Without the need for alternative boundary wire installation, wireless navigation and vision-based localization systems permit simple installation and can be tailored to each plot. It has anti-theft features and slope-friendly cutting capabilities, and it is quite functional.
  • In April 2022, Karcher released an autonomous robotic floor scrubber and expanded its autonomous product line with a sophisticated robotic scrubber. This KIRA B 100 R robot is powered by Brain OS, which is developed by Brain Corporation. It is the globally recognized and commercially authenticated software foundation for Autonomous Mobile Robots (AMRs) and their functional public indoor environments. In addition, KIRA represents the Karcher application of intelligent robotic applications.

The Outdoor Power Equipment Market Segmentation:

By Equipment Type           

• • Lawn Mower
  • Chainsaw
  • Trimmer & Edger
  • Others

By Power Source  

• • Fuel
  • Electric

By Functionality

• • Connected/Smart
  • Conventional

By Applications    

• • Commercial
  • Residential

 For this report, AKVis Intelligence has segmented the Outdoor Power Equipment Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

• • The U.S.
  • Canada
  • Mexico

Eastern Europe

• • Bulgaria
  • The Czech Republic
  • Hungary
  • Poland
  • Romania
  • Rest of Eastern Europe

Western Europe

• • Germany
  • UK
  • France
  • Netherlands
  • Italy
  • Russia
  • Spain
  • Rest of Western Europe

Asia Pacific

• • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Thailand
  • Vietnam
  • The Philippines
  • Australia
  • New-Zealand
  • Rest of APAC

Middle East & Africa

• • Turkey
  • Bahrain
  • Kuwait
  • Saudi Arabia
  • Qatar
  • UAE
  • Israel
  • South Africa

South America

• • Brazil
  • Argentina
  • Rest of SA