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Outdoor Power Equipment Market to Reach USD 43.24 Billion by 2029; Rising Adoption of Industry 4.0 to Propel Market Progress

August 01, 2022 | Energy & Power

The global outdoor power equipment market size is expected to showcase strong growth by reaching USD 43.24 billion by 2029. Fortune Business Insights™ in its report titled “Outdoor Power Equipment Market Size, Share & COVID-19 Impact Analysis, By Type (Lawn Mowers {Walk-behind Mowers, ZTR Mowers, Riding Mower, Robotic Mower, Lawn & Garden Tractor}, Trimmers {Hedge Trimmer, Brush Cutter & Trimmer, Edge Trimmer/Edger, and Others}, Blowers {Snow Blower, Leaf Blower}, Chainsaws, Pressure Washers, Tillers & Cultivators, and Others), By Power Source (Gasoline Powered, Battery Powered, Electric Motor/Corded), By Sales Channel (E-commerce, Direct Purchase), By Application (Residential/DIY, Commercial), and Regional Forecast, 2022-2029” observes that the market in 2021 was valued at USD 28.61 billion and reached USD 30.04 billion in 2022. The market exhibited a CAGR of 5.3% during 2022-2029. Increasing adoption of industry 4.0 and rising lawn and garden care may bolster the industry’s growth.


Toro Company Launched Three Novel Products to Elevate Brand Image


Toro Company announced three novel products developed for GIE + Expo 2021 held in Kentucky in November 2021. The launch may allow the company to satisfy landscape contractors’ demands. This strategy may also allow the company to elevate its brand image worldwide.


Strong E-commerce Sales Bolstered Industry Progress


This industry was positively impacted during the COVID-19 pandemic due to strong e-commerce sales. The alarming spike in COVID-19 infections led to the implementation of stringent lockdown norms by governments, thereby impeding offline sales. This factor enhanced online sales adoption. Further, increasing demand for pleasant outdoor space maintenance equipment is expected to enhance sales. Moreover, manufacturers adopted automated production techniques to elevate production capacity and reduce labor costs. These factors bolstered market growth during the pandemic.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/outdoor-power-equipment-market-106369


Rising Focus on Technological Advancements to Boost Industry Growth


Outdoor power equipment is powered by small motors and engines that are widely used for exterior service. The rising focus on technological advancements may enhance the product demand. Further, fluctuating gas prices, development of remote working, and rising focus on environmental protection may foster the product sales. In addition, simple operation and lower noise and vibration may boost the equipment’s sales. These factors may drive the outdoor power equipment market growth.


Prominent Companies Announce Novel Products for the Expansion of their Product Portfolio


Prominent companies operating in the market announce new products to expand their product line-up. For example, Karcher launched its autonomous robotic floor scrubber in April 2022. This development was undertaken to expand Karcher’s product line-up and boost its overall brand presence. Further, major companies deploy partnerships, expansion, mergers, innovations, and research and development to elevate their market position.


Notable Industry Development



  • May 2022: Andreas STIHL and Briggs & Stratton announced a new manufacturing relationship that will expand the offerings of STIHL products in the U.S. STIHL will introduce a line of zero-turn mowers for professionals and homeowners. The new products will be available in select official local STIHL dealers start in January 2023.


List of Key Players Profiled in the Report



  • Karcher (Germany)

  • Yamabiko Manufactures (Japan)

  • Husqvarna Group (Sweden)

  • Techtronic Industries (U.S.)

  • Maruyama U.S., Inc. (U.S.)

  • Stanley Black & Decker (U.S.)

  • MTD Products (U.S.)

  • Makita Group (Japan)

  • Vb Emak (Italy)

  • Toro Company (U.S.)

  • Hikoki (Japan)

  • Deere (U.S.)

  • Jonsered (Sweden)

  • Bosch (Germany)

  • Honda (Japan)

  • Cub Cadet (U.S.)

  • Troy Blit LLC (U.S.)


Further Report Findings



  • The market in North America stood at USD 13.7 billion in 2021 and is expected to gain a huge portion of the global outdoor power equipment market share. The growth of commercial parks and lawns may enhance the equipment’s adoption.

  • Furthermore, the extensive adoption of chain saw, lawnmowers, and leaf blowers in parks may boost industry growth.

  • In Europe, industrial automation may foster the demand for outdoor power equipment. Furthermore, robust demand for lawnmowers in the region may boost industry progress.


Table of Segmentation






















































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD Billion)



By Type




  • Lawn Mowers

    • Walk-behind Mowers

    • Zero-turn Radius (ZTR) Mower

    • Riding Mower

    • Robotic Mowers

    • Lawn & Garden Tractors



  • Trimmers

    • Hedge Trimmer

    • Brush Cutters & Trimmer

    • Edge Trimmer/Edger

    • Others



  • Blowers

    • Snow Blower

    • Leaf Blower



  • Chainsaws

  • Pressure Washers

  • Tillers & Cultivators

  • Others



By Power Source




  • Gasoline Powered

  • Battery Powered

  • Electric Motor/Corded



By Sales Channel




  • E-commerce

  • Direct Purchase



By Application




  • Residential/DIY

  • Commercial



By Geography




  • North America (By Type, By Power Source, By Sales Channel, By Application, By Country)

    • U.S. (By Power Source)

    • Canada (By Power Source)



  • Europe (By Type, By Power Source, By Sales Channel, By Application, By Country)

    • U.K. (By Power Source)

    • Germany (By Power Source)

    • France (By Power Source)

    • Italy (By Power Source)

    • Spain (By Power Source)

    • Russia (By Power Source)

    • Rest of Europe (By Power Source)



  • Asia Pacific (By Type, By Power Source, By Sales Channel, By Application, By Country)

    • China (By Power Source)

    • Japan (By Power Source)

    • India (By Power Source)

    • Southeast Asia (By Power Source)

    • Rest of Asia Pacific (By Power Source)



  • Rest of World (By Type, By Power Source, By Sales Channel, By Application, By Country)


Global Outdoor Power Equipment Market
  • PDF
  • 2021
  • 2018-2020
  • 264

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