The global outdoor power equipment market size is expected to reach USD 88,373.34 million by 2032, according to a new study by Polaris Market Research. The report “Outdoor Power Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment; By Power Source (Fuel and Electric); By Application; By Functionality; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market encompasses a wide range of products used for various outdoor activities, including gardening, landscaping, and maintenance tasks. The market is driven by increasing urbanization, growing consumer interest in outdoor leisure activities, and the need for efficient and convenient equipment to streamline outdoor chores.
One key outdoor power equipment market trend is the shift towards electric-powered equipment. With a growing emphasis on sustainability and environmental consciousness, consumers are increasingly opting for electric alternatives to traditional fuel-powered equipment. Electric outdoor power equipment offers advantages such as reduced emissions, lower noise levels, and ease of use, making it a popular choice among residential and commercial users.
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Moreover, technological advancements have played a crucial role in shaping the market. Innovations such as robotic mowers, autonomous equipment, and wireless navigation systems have transformed outdoor tasks. These advancements have increased efficiency, productivity, and user experience, driving the market forward.
As the demand for efficient and eco-friendly outdoor power equipment continues to rise, the market is expected to grow further in the coming years. Manufacturers will focus on developing innovative and sustainable solutions to meet consumers' evolving needs and preferences in this dynamic market.
Outdoor Power Equipment Market Report Highlights
Polaris Market Research has segmented the outdoor power equipment market report based on equipment, power source, application, functionality, and region:
Outdoor Power Equipment, Equipment Outlook (Volume – Thousand Units, Revenue - USD Million, 2019 - 2032)
Outdoor Power Equipment, Power Source Outlook (Volume – Thousand Units, Revenue - USD Million, 2019 - 2032)
Outdoor Power Equipment, Application Outlook (Volume – Thousand Units, Revenue - USD Million, 2019 - 2032)
Outdoor Power Equipment, Functionality Outlook (Volume – Thousand Units, Revenue - USD Million, 2019 - 2032)
Outdoor Power Equipment, Regional Outlook (Volume – Thousand Units, Revenue - USD Million, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 63425.84 million |
Revenue forecast in 2032 |
USD 88,373.34 million |
CAGR |
4.1% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD million, and CAGR from 2024 to 2032 |
Segments Covered |
By Equipment, By Power Source, By Application, By Functionality, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Key Companies |
AL-KO KOBER GROUP, Andreas Stihl AG & Company KG, Ariens Company, Briggs & Stratton, CHEVRON (China) Trading Co., Ltd., Deere & Company, Emak S.p.A., Excel Industries, Inc., HONDA, Husqvarna, Makita Corp, MTD Holdings Inc., Robert Bosch, Schiller Ground Care, Stanley Black & Decker, STIHL Group, Techtronic Industries, The Toro Company (US), and Yamabiko Corp. |
For Specific Research Requirements |