Outdoor Power Equipment Market Size is estimated to grow at a CAGR of 3.6% during the forecast period

 

The outdoor power equipment market is expected to grow by 3.6% CAGR from 2021 to 2030, from USD 23,825.1 million to USD 31,623.7 million. 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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SEGMENT COVERAGE

Outdoor Power Equipment Market By Equipment Type

·        Lawn Mowers

o   Riding Lawn Mowers

o   Non-Riding Lawn Mowers

·        Saws

o   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

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

 

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.

 

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