Global Outdoor Power Equipment Regional Market and Dynamics: Total Value Will Show $35.81 Billion in 2024

Global Outdoor Power EquipmentMarket Overview

According to Global Market Monitor, the global outdoor power equipment market size will be $35.81 billion in 2024 with a CAGR of 6.54% from 2024 to 2029.

Regional Markets

North America dominates the market with the main outdoor equipment widely used in this region being leaf blowers, chain saws, and lawnmowers, used daily in gardens, parks, businesses, and residential sectors. Major players are expanding their product lines to capture the growing demand across the region. Ryobi, for example, has expanded its lineup of 80V lawn tractors. Ryobi, a leading manufacturer of power tools and outdoor equipment, has added two new 80V lawn tractors to its lineup. The new model offers several features, including a wider wheelbase, larger tires, and a more powerful engine.

APAC's outdoor power equipment market is expected to grow at a higher CAGR during the forecast period. Growing investments in residential and infrastructure markets are expected to boost the construction industry, which would, in turn, drive the use of outdoor power equipment in APAC. Japan is home to many outdoor power equipment and small gas engine manufacturers such as Honda, Yama Biko, Fuji Heavy Industries, Kawasaki, and Yamaha. Investment in the construction industry is the major growth driver of the market. With growing urbanization, there has been a significant demand for outdoor power equipment that can support the construction industry for various urban development projects.

Outdoor Power Equipment is Widely Used in Commercial     

Outdoor power equipment is used for both commercial and residential applications. Commercial end-users use outdoor power equipment, including landscape service providers, and lawn and tree care providers. Residential end users include homeowners and DIY enthusiasts. Currently, the market is dominated by the residential/DIY application segment. However, the commercial application segment is expected to exhibit higher growth during the forecast period. Growth in US housing and increasing garden activities is propelling the growth of the outdoor power equipment market for commercial applications. The commercial application segment is dominated by fuel-powered equipment; however, manufacturers are introducing battery-operated equipment for commercial applications.

Growing Popularity of Artificial Grass    

The economic cost of artificial turf is relatively low, the management cost is low in the later period, the maintenance is simple, no need to plant; no pruning is required; and no watering is needed. The surface layer can be recycled and reused and has environmental protection performance. With the increasing popularity of artificial turf, traditional turf care work has been reduced, which will reduce the use of outdoor electrical equipment to a certain extent.

Opportunities	Outdoor power equipment is widely used in Commercial
	The Chainsaws market to grow at a significant rate
	Improved demand for well-maintained lawns
	Focus on Manufacturing Smart and Connected Outdoor Power Equipment
Challenges	Growing popularity of artificial grass
	Designing Ergonomic and Lightweight Outdoor Power Equipment