The report "Outdoor Power Equipment Market by Equipment Type (Lawn Mower, Chainsaw, Trimmer & Edger), Applications (Commercial, Residential/DIY), Functionality (Connected/Smart, Conventional), Power Source (Fuel, Electric) and Region - Global Forecast to 2026", size is estimated to be USD 26.4 billion in 2021 and is projected to reach USD 35.8 billion by 2026, at a CAGR of 6.3%. Growing affinity for beautification of properties and yard maintenance activities are driving the demand for outdoor power equipment worldwide. Growing potential of construction sector owing to increasing infrastructural projects worldwide, increasing adoption of battery-powered equipment, and rapidly growing demand for commercial landscaping services are key factors promoting the growth of the outdoor power equipment market.
Saws are expected to register
the highest growth during the forecast period
The market for saws is projected
to witness the highest growth rate from 2021 to 2026. The growing demand for
chainsaws can be attributed to the increasing adoption by professional
arborists and loggers in the forestry sector. Chainsaws are majorly used in
chopping of wood in deforestation and infrastructural projects necessary to
accommodate residential and commercial establishments. Another major end user
of chainsaws are sculptors who utilize chainsaws for carving and decorating
activities.
Commerical application to grow
at the highest rate during review period
Commercial end users can be
segregated into construction sector professional, professionals in the forestry
sector, professional landscaping service providers, and professional turf care
service providers. Increasing potential of the construction sector for
undertaking several projects with recent government initiatives supporting the
construction sector is a major factor contributing to the growing adoption of outdoor
power equipment. Furthermore, initiatives undertaken by government and
municipalities for adopting eco-friendly equipment are increasing demand for
cordless portable electric-powered equipment for maintenance of public spaces
such as parks.
Electric-powered equipment to
grow at the highest rate during review period
Recent technical developments
owing to massive R&D investments by major players, have significantly
improved the power and operating period of electric-powered equipment.
Additionally, electric-powered equipment is preferred more for precision work
due to their lightweight and compact frame, and portability. Moreover,
increasing adoption by homeowners and do-it-yourself (DIY) enthusiasts for
better ergonomics and comfort is fuelling the demand for electric-powered
equipment. Furthermore, government and municipalities across regions are taking
initiatives to encourage consumers to adopt eco-friendly solutions.
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The outdoor power equipment
market in North America is expected to grow significantly from 2021 to 2026
In North America, there exists a
culture of lawn and garden care, which is further increasing as a result of
growing affinity of people towards gardening activities and increasing number
of private lawns. Additionally, there is an increasing demand for do-it-yourself
techniques in the region, which is driving homeowners to undertake several
refurbishment and beautification projects. Moreover, the participation of North
America in turf sports such as Golf is witnessing massive year-on-year growth.
Increasing demand for landscaping services by both residential and commercial
establishments is another major factor fueling the demand for outdoor power
equipment. Furthermore, government regulations to reduce environmental impact
is also driving demand for electric-powered equipment in the region.
Major companies operating in the
outdoor power equipment market include Briggs & Stratton (US), Deere &
Company (US), HONDA (Japan), Husqvarna (Sweden), Makita (Japan), Robert Bosch
(Germany), Stanley Black & Decker (US), STIHL Group (Germany), Techtronic
Industries (TTI) (Hong Kong), and The Toro Company (US).
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