Global Outdoor Power Equipment (OPE) Market
Overview of Global Outdoor Power Equipment (OPE) Market:
According to Stratistics MRC, the Global Outdoor Power Equipment (OPE) Market is accounted for $30.46 billion in 2023 and is expected to reach $53.57 billion by 2030 growing at a CAGR of 8.4% during the forecast period. Outdoor Power Equipment refers to machinery and tools designed for outdoor tasks like lawn care, landscaping and maintenance. These include lawnmowers, trimmers, blowers, chainsaws and tillers. These tools aid in gardening, yard work, and landscaping activities, enhancing efficiency and convenience for outdoor maintenance and gardening tasks on residential, commercial or industrial properties.
This report analyzes the Outdoor Power Equipment (OPE) Market from 2022 to 2030. It uses a combination of detailed sales and revenue data with insights from industry experts. The report goes beyond just market size and growth rate. It also dives into different market segments, such as region, functionality, end user, etc. This provides a comprehensive picture of how the market breaks down across various categories.
As COVID-19 has reshaped the world economy, our team has been keeping a careful eye on its effects on the market. Beyond the pandemic, we take into account other important variables such as the general state of the economy, local conflicts, and news and regulations unique to the industry. This guarantees a comprehensive perspective on the market.
Market Dynamics:
Driver:
Rising urbanization and lawn care trends
The outdoor power equipment market is propelled by increasing urbanization trends and a surge in lawn care preferences. Urban dwellers' growing interest in maintaining outdoor spaces, such as gardens and lawns, drives demand for efficient tools like lawnmowers and trimmers. As more people move to urban areas with limited garden sizes, compact and versatile equipment becomes essential, fostering innovation in smaller, efficient outdoor power tools to cater to urban lawn care needs, fueling market growth.
Restraint:
Seasonal demand and weather dependence
The industry faces fluctuations in demand based on seasonal changes and weather conditions. Demand peaks during specific seasons, like spring and summer, affecting sales and production planning. Additionally, adverse weather conditions, such as excessive rain or snow, can limit outdoor activities, impacting the need for outdoor power tools and machinery, leading to unpredictable sales patterns and inventory management challenges within the market.
Opportunity:
Development of electric and battery-powered equipment
The development of electric and battery-powered equipment presents a significant opportunity in the outdoor power equipment market. These innovations cater to the rising demand for eco-friendly, low-noise and emission-free alternatives. As environmental concerns grow and regulations become more stringent, the shift towards electric and battery-powered tools offers improved efficiency, reduced operational costs, and increased convenience. This transition aligns with the rising consumer preference for sustainable solutions, creating a favorable market landscape for these advanced equipment types.
Threat:
Rising labour costs and skilled workforce shortage
The increasing expense of labor-intensive tasks affects manufacturing and service costs, impacting product pricing and profitability. Additionally, a shortage of skilled workers hampers production, innovation and after-sales services, potentially delaying advancements and affecting overall market growth.
Covid-19 Impact:
The COVID-19 pandemic disrupted the market by causing supply chain disruptions and altering consumer behavior. Lockdown measures and economic uncertainties reduced consumer spending and demand for non-essential items, impacting sales of OPE products. Manufacturing and distribution faced challenges due to workforce limitations and logistical constraints. However, increased focus on home improvement activities during lockdowns partially offset declines, highlighting shifting trends in consumer preferences for outdoor maintenance.
The lawn mowers segment is expected to be the largest during the forecast period
The lawn mowers segment is anticipated to lead the market due to the ubiquitous need for lawn maintenance. Increased focus on landscaping, coupled with the rising trend of home gardening and commercial landscaping services, drives the demand for efficient and versatile lawn mowers. Innovations in technology, such as battery-powered and robotic mowers, cater to diverse consumer needs, enhancing convenience and fueling the segment's growth in the forecast period.
The connected/smart segment is expected to have the highest CAGR during the forecast period
The connected/smart segment in the market is projected to exhibit lucrative growth due to the integration of advanced technologies. Smart equipment incorporating IoT features, GPS tracking and remote monitoring capabilities offers enhanced functionalities, enabling users to optimize performance, track usage and remotely control operations. The growing preference for convenience, efficiency and real-time data analysis drives the rapid adoption of connected outdoor power equipment, propelling its expected high growth rate.
Region with largest share:
North America's dominance in the market is attributed to factors such as high disposable income and a strong culture of home and garden maintenance. Robust infrastructure, a penchant for innovative technologies and a large base of landscaping and gardening enthusiasts contribute to sustained demand. Furthermore, the presence of key market players and a well-established distribution network solidify North America's leading position in the outdoor power equipment (OPE) market.
Region with highest CAGR:
The Asia Pacific region is primed for substantial growth in the market due to expanding urbanization, rising disposable incomes and a surge in residential and commercial construction. Increased focus on landscaping and gardening activities, combined with government initiatives promoting green spaces, boosts the demand for outdoor power equipment. Moreover, advancements in technology and the burgeoning e-commerce sector further propel market growth, positioning Asia Pacific as a key growth center for outdoor power equipment.
Key Developments:
In May 2023, Kress offers its 40V and 60V line of outdoor power supplies through distributors across the U.S. and Canada. The Kress 40V line of outdoor power tools is supported by Kress 20V Kross Pack lithium-ion batteries, which can be combined for higher power output and longer run times.
In April 2023, Husqvarna announced the launch of its all-new 525iDEPS MADSAW dielectric pole saw and it achieves a new level of safety and versatility for utilities and arborists. The 525iDEPS is designed to improve operator safety while operating near live cables and to achieve a new level of versatility.
In January 2023, Husqvarna Group announced that it is introducing a comprehensive two-year warranty program designed to provide advanced protection for equipment used by commercial turf and tree care professionals.
Leading Industry Players in the Outdoor Power Equipment (OPE) Market Worldwide:
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Global Outdoor Power Equipment (OPE) Market Segmentation
The Outdoor Power Equipment (OPE) Market segmentation encompasses various dimensions, including, equipment type, functionality, power source, distribution channel, end user, region, and competitors. By equipment type, the market includes several equipments, each catering to specific outdoor maintenance needs. In terms of functionality, it provides versatile solutions for various tasks. Based on the power source, the market is segmented into gas-powered, electric, and Fuel, each offering different operational benefits. Regarding distribution channel, outdoor power equipment is sold through retail stores, online platforms, and specialized dealers, ensuring broad accessibility. For end users, the market serves homeowners, professional landscapers, and commercial entities, demonstrating extensive utility across different user segments.
Geographically, the market is segmented into major regions such as North America, Europe, Asia Pacific, South America, the Middle East and Africa, each exhibiting different market dynamics and growth opportunities. Competitor analysis reveals the competitive landscape, with major players developing new products, strategic partnerships, mergers and acquisitions, and competing for market share. Additional segmentation factors provide a comprehensive understanding of the Outdoor Power Equipment (OPE) Market's structure and potential.
Geographic Regions Covered:
North America: United States, Canada, and Mexico.
Europe: Germany, United Kingdom, Italy, France, Spain, and Rest of Europe.
Asia Pacific: Japan, China, India, Australia, New Zealand, South Korea, and Rest of Asia Pacific.
South America: Argentina, Brazil, Chile, and Rest of South America.
Middle East & Africa: Saudi Arabia, United Arab Emirates, Qatar, South Africa, and Rest of Middle East & Africa.
Key Questions Answered in This Report:
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Table of Contents (TOC) for the Global Outdoor Power Equipment (OPE) Market Research Report (2024-2030)
1 Executive Summary ? ??? ? ??
2 Preface ? ???
2.1 Abstract ? ??
2.2 Stake Holders ? ??
2.3 Research Scope ? ??
2.4 Research Methodology ? ??
2.4.1 Data Mining ???
2.4.2 Data Analysis ???
2.4.3 Data Validation ???
2.4.4 Research Approach ???
2.5 Research Sources ? ??
2.5.1 Primary Research Sources ???
2.5.2 Secondary Research Sources ???
2.5.3 Assumptions ??? ?
3 Market Trend Analysis?????
?3.1 Introduction????
?3.2 Drivers????
?3.3 Restraints????
?3.4 Opportunities????
?3.5 Threats????
?3.6 End User Analysis????
?3.7 Impact of Covid-19???? ??????
4 Porters Five Force Analysis?????
?4.1 Bargaining power of suppliers????
?4.2 Bargaining power of buyers????
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?4.3 Threat of substitutes????
?4.4 Threat of new entrants????
?4.5 Competitive rivalry???? ???????
5 Global Outdoor Power Equipment (OPE) Market, By Equipment Type?????
?5.1 Introduction????
?5.2 Blowers????
?5.3 Chainsaws?????
?5.4 Lawn Mowers????
?5.5 Snow Throwers????
?5.6 Tillers and Cultivators????
?5.7 Trimmers and Edgers????
?5.8 Other Equipment Types???? ???????
6 Global Outdoor Power Equipment (OPE) Market, By Functionality?????
?6.1 Introduction????
?6.2 Connected/Smart????
?6.3 Conventional???? ???????
7 Global Outdoor Power Equipment (OPE) Market, By Power Source?????
?7.1 Introduction????
?7.2 Fuel Powered????
?7.3 Electric Powered????
?7.4 Gas Powered???? ???????
8 Global Outdoor Power Equipment (OPE) Market, By Distribution Channel?????
?8.1 Introduction????
?8.2 Home improvement stores????
?8.3 Mass Retailers????
?8.4 Online Retailers????
?8.5 Equipment Rental Centers?????
?8.6 Other Distribution Channels???? ???????
9 Global Outdoor Power Equipment (OPE) Market, By End User?????
?9.1 Introduction????
?9.2 Residential????
?9.3 Commercial????
?9.4 Professional Landscapers
Continued…
List of Tables ? ? ?
1 Global Outdoor Power Equipment (OPE) Market Outlook, By Region (2021-2030) ($MN)?????
2 Global Outdoor Power Equipment (OPE) Market Outlook, By Equipment Type (2021-2030) ($MN)?????
3 Global Outdoor Power Equipment (OPE) Market Outlook, By Blowers (2021-2030) ($MN)?????
4 Global Outdoor Power Equipment (OPE) Market Outlook, By Chainsaws (2021-2030) ($MN)?????
5 Global Outdoor Power Equipment (OPE) Market Outlook, By Lawn Mowers (2021-2030) ($MN)?????
6 Global Outdoor Power Equipment (OPE) Market Outlook, By Snow Throwers (2021-2030) ($MN)?????
7 Global Outdoor Power Equipment (OPE) Market Outlook, By Tillers and Cultivators (2021-2030) ($MN)?????
8 Global Outdoor Power Equipment (OPE) Market Outlook, By Trimmers and Edgers (2021-2030) ($MN)?????
9 Global Outdoor Power Equipment (OPE) Market Outlook, By Other Equipment Types (2021-2030) ($MN)?????
10 Global Outdoor Power Equipment (OPE) Market Outlook, By Functionality (2021-2030) ($MN)?????
11 Global Outdoor Power Equipment (OPE) Market Outlook, By Connected/Smart (2021-2030) ($MN)?????
12 Global Outdoor Power Equipment (OPE) Market Outlook, By Conventional (2021-2030) ($MN)?????
13 Global Outdoor Power Equipment (OPE) Market Outlook, By Power Source (2021-2030) ($MN)?????
14 Global Outdoor Power Equipment (OPE) Market Outlook, By Fuel Powered (2021-2030) ($MN)?????
15 Global Outdoor Power Equipment (OPE) Market Outlook, By Electric Powered (2021-2030) ($MN)?????
16 Global Outdoor Power Equipment (OPE) Market Outlook, By Gas Powered (2021-2030) ($MN)?????
17 Global Outdoor Power Equipment (OPE) Market Outlook, By Distribution Channel (2021-2030) ($MN)?????
18 Global Outdoor Power Equipment (OPE) Market Outlook, By Home improvement stores (2021-2030) ($MN)?????
19 Global Outdoor Power Equipment (OPE) Market Outlook, By Mass Retailers (2021-2030) ($MN)?????
20 Global Outdoor Power Equipment (OPE) Market Outlook, By Online Retailers (2021-2030) ($MN)?????
21 Global Outdoor Power Equipment (OPE) Market Outlook, By Equipment Rental Centers (2021-2030) ($MN)?????
22 Global Outdoor Power Equipment (OPE) Market Outlook, By Other Distribution Channels (2021-2030) ($MN)?????
23 Global Outdoor Power Equipment (OPE) Market Outlook, By End User (2021-2030) ($MN)?????
24 Global Outdoor Power Equipment (OPE) Market Outlook, By Residential (2021-2030) ($MN)?????
25 Global Outdoor Power Equipment (OPE) Market Outlook, By Commercial (2021-2030) ($MN)?????
26 Global Outdoor Power Equipment (OPE) Market Outlook, By Professional Landscapers (2021-2030) ($MN)????
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.???????
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