Outdoor Power Equipment Market 2022 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

The global outdoor power equipment market is anticipated to reach USD 31,623.7 million by 2030 from USD 23,825.1 million in 2021, at a CAGR of 3.6% during the forecast period. The growth of market can be attributed to rising demand by homeowners for landscaping services to make their homes aesthetically pleasing, as well as by commercial users to boost the appeal of their properties. Growing inclination of homeowners in developed countries toward investing more time in outdoor and gardening activities is driving the demand for outdoor power equipment are believed to impetus the growth of market during forecast period.

REGIONAL ANALYSIS

Asia Pacific is expected to showcase highest growth in regional market for outdoor power equipment during the forecast period. The Asia Pacific outdoor power equipment market is projected to register the highest CAGR of XX.X% during the forecast period. In Asia Pacific, China and India are to remain lucrative growth market for outdoor power equipment manufacturers. High economic growth in countries such as China and India, growing construction activities and smart city projects, increasing income levels and rising investment in gardening are major factors impelling the demand for outdoor power equipment market in the region. In Asia Pacific, Japan was the largest market for outdoor power equipment and accounted for XX.X% in 2021. Furthermore, Japan is projected to be witness fastest growth during the forecast period. India outdoor power equipment market is projected to showcase highest growth rate in Asia Pacific market. India market is projected to reach USD XX,XXX.X million by 2030 from USD XX,XXX.X million in 2021, at a CAGR of X.X% during the forecast period. 

In 2021, North America captured a market share of XX.X% of the outdoor power equipment market. The per capita disposable income is anticipated to rise, increasing home improvement spending are the key factors driving the growth of the cell culture market in North America. The surge in demand for home improvement projects, including garden and landscape improvements, benefited the industry and is a major driver for commercial outdoor power equipment market.

SEGMENT COVERAGE

Outdoor Power Equipment Market By Equipment Type

·        Lawn Mowers

o   Riding Lawn Mowers

o   Non-Riding Lawn Mowers

·        Saws

o   Chainsaws

·        Trimmers And Edgers

·        Blowers

·        Tillers And Cultivators

·        Snow Throwers

·        Others

Outdoor Power Equipment Market By Application

·        Residential/DIY

·        Commercial

Outdoor Power Equipment Market By Fuel Type

·        Fuel Powered

·        Electric Powered

Outdoor Power Equipment Market By Functionality

·        Connected/Smart

·        Conventional