What is the global outdoor power equipment market size?
The global outdoor power equipment market size was estimated at USD 53.42 billion in 2024 and is projected to grow at a CAGR of 6.3% from 2025 to 2030. The market growth can be ascribed to the increasing demand for cordless outdoor power equipment as people are more inclined toward greater flexibility and portability.
Which country has the largest outdoor power equipment market in 2024?
North America dominated the global market with a share of 51.51% in 2024. The outdoor power equipment market in the U.S. is projected to grow significantly, reaching an estimated value of USD 24.94 billion by 2032, driven by the rising demand for battery-powered equipment for landscaping and gardening services.
Who are the key players in the outdoor power equipment market?
The Outdoor Power Equipment market comprises various key players delivering scale products for numerous applications shaping the competitive landscape. The key players in the regional as well as global level are Alfred Karcher SE Co. Ltd, Yamabiko Corporation, Husqvarna group, Techtronic Industries Co. Ltd, MTD Products Inc, and TTI Group.
Why is the North America outdoor power equipment market growing?
The North America outdoor power equipment industry accounted for 35.28% of the global overall market share in 2024. The regional market’s growth is attributed to North America’s larger geographical area compared to its population, which leads to more gardens and lawns in the region.
What are the key companies in the outdoor power equipment industry?
Some of the key companies in the outdoor power equipment industry include Husqvarna Group, Makita Corporation, Honda Motor Co., Ltd., Briggs & Stratton, and others. Organizations are focusing on integrating advanced technologies into their offerings to maintain competitive advantages.
What is outdoor power equipment?
Outdoor power equipment, including lawnmowers, blowers, hedge trimmers, and saws, plays a crucial role in various landscaping operations, such as lawn maintenance, hardscaping, tree care, and snow removal. The evolution of the urban lifestyle has encouraged demand for outdoor equipment, especially in landscaping and gardening.
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