The global outdoor power equipment market is a dynamic landscape characterized by innovation, technological advancements, and evolving consumer preferences.

Global Outdoor Power Equipment Industry Size

The outdoor power equipment market has experienced robust growth in recent years, fueled by increasing demand for landscaping and gardening activities, urbanization trends, and advancements in product technology. According to MarketsandMarkets latest market research report, the global outdoor power equipment market size in terms of revenue was estimated to be worth USD 26.4 billion in 2021 and is poised to reach USD 35.8 billion by 2026, growing at a CAGR of 6.3% from 2021 to 2026.

Global Outdoor Power Equipment Industry Share

The market in APAC is projected to register the highest growth rate from 2021 to 2026. The market in APAC can be further segmented into China, Japan, India, South Korea, and Rest of APAC.

As opposed to North America, where there is an established garden care culture, the affinity for gardening activities in APAC is slowly increasing. However, due to increasing urbanization leading to increasing consumer disposable income, there is a growing demand for consumer durables such as outdoor power equipment. Government across countries in APAC are curating and investing in several infrastructural projects to cater to the growing population and promote sustainable landscaping and green infrastructure.

Outdoor Power Equipment Market Statistics and Growth Analysis:

A comprehensive analysis of market statistics reveals a promising outlook for the outdoor power equipment industry. Key factors driving market growth include:

Technological Advancements: Manufacturers are leveraging technological innovations to develop smarter, more efficient outdoor power tools. Features such as battery-powered operation, enhanced durability, and ergonomic designs are increasingly sought after by consumers, driving the adoption of advanced equipment.

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Shift Towards Sustainability: Growing environmental consciousness among consumers has led to a surge in demand for eco-friendly outdoor power equipment. Battery-powered and electric tools are gaining traction as viable alternatives to traditional gasoline-powered models, aligning with sustainability initiatives and regulations.

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Urbanization and Infrastructure Development: Rapid urbanization, coupled with government investments in infrastructure projects, has spurred demand for outdoor power equipment for maintenance, landscaping, and construction activities. The expanding commercial and industrial sectors are contributing significantly to market growth.

Top Outdoor Power Equipment Companies - Key Market Players

The few globally dominated outdoor power equipment companies are Deere & Co. (US), Husqvarna (Sweden), STIHL Group (Germany), Stanley Black & Decker (US), and The Toro Company (US).