Outdoor Power Equipment Market Size, Growth and Share 2023, Revenue, Trends, Competitive Analysis, Future Opportunities and Forecast 2030

 

The global outdoor power equipment market is anticipated to reach USD 31,623.7 million by 2030 from USD 23,825.1 million in 2021, at a CAGR of 3.6% during the forecast period.

The market's expansion can be ascribed to an increase in the demand for landscaping services from both business customers and homeowners looking to improve the aesthetic appeal of their houses. The growing propensity of homeowners in developed nations to spend more time engaging in outdoor and gardening activities is fueling demand for outdoor power equipment, which is anticipated to propel market expansion during the forecast period.

 

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REGIONAL ANALYSIS

During the projected period, the outdoor power equipment market in Asia Pacific is anticipated to develop at the fastest rate. The outdoor power equipment market in Asia Pacific is anticipated to grow at the highest CAGR of XX.X% over the course of the forecast period. China and India will continue to be important markets for outdoor power equipment makers in the Asia Pacific region.

High rates of economic expansion in nations like China and India, an increase in building and smart city initiatives, rising income levels, and expanding investments in gardening are some of the key drivers driving the need for outdoor power equipment in the region. Japan accounted for XX.X% of the outdoor power equipment market in the Asia Pacific region in 2021.

Japan is also anticipated to experience the fastest increase during the projection period. The outdoor power equipment market in India is anticipated to expand at the fastest rate in the Asia Pacific region. At a CAGR of X.X% over the forecast period, the India market is anticipated to grow from USD XX,XXX.X million in 2021 to USD XX,XXX.X million in 2030.

In 2021, North America accounted for XX.X% of the global market for outdoor power equipment. The expansion of the cell culture market in North America is primarily being driven by rising home renovation spending and rising per capita disposable income. The market profited from the increase in demand for home improvement projects, which included garden and landscape upgrades, and this trend is a key factor in the growth of the commercial outdoor power equipment market.

 

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SEGMENT COVERAGE

Outdoor Power Equipment Market By Equipment Type

·        Lawn Mowers

·         Riding Lawn Mowers

·         Non-Riding Lawn Mowers

·        Saws

·         Chainsaws

·        Trimmers And Edgers

·        Blowers

·        Tillers And Cultivators

·        Snow Throwers

·        Others

 

Outdoor Power Equipment Market By Application

·        Residential/DIY

·        Commercial

Outdoor Power Equipment Market By Fuel Type

·        Fuel Powered

·        Electric Powered

Outdoor Power Equipment Market By Functionality

·        Connected/Smart

·        Conventional

 

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About Us:-                                            

xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                                                             

                                                                             

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