Outdoor Power Equipment Market size was valued at USD 24.50 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.4% from 2023 to 2030 and it will reach USD 32.02 Billion in 2030. Outdoor Power plants use integrated engines or small motors to operate. If the equipment is mainly used for external services, it is called a Global Outdoor Power supply. Outdoor Power supplies usually include brush cutters, edgers, chain saws, electrical racks, and more. Outdoor Power plants have great applications in both the residential and commercial sectors. Outdoor energy supplies are often used by end-users, such as lawn care plants and local service providers, for commercial purposes. End users who use Global Outdoor Power tools for residential purposes are lovers of do-it-yourself (DIY) and homeowners. Outdoor Power tools widely used lawnmower.
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DRIVERS
The foreign energy property market is driven largely by the growing demand for homeowners through land reform services to make their homes look good, as well as commercial consumers to maximize the appeal of their properties. In the land reform industry, a variety of Outdoor Power plants, such as lawn mowers, fence cutters, sprayers, and saws, are used in a variety of landscaping activities including grass conservation, hardscaping, tree maintenance, lawn mowing, natural or natural grass care, and snow liberation. According to the National Gardening Survey (US), 77% of US households participated in grass and garden activities in 2021, an increase of 4-5% compared to 2020. in outdoor and garden activities it drives the need for Outdoor Power plants. Outdoor energy supplies are also used to design and maintain golf courses. The North American golf industry has seen significant growth; 24.8 million people in the US are participating in the game by 2020, about 2-3% or 500,000 over 2019. In the coming years, with the growing number of players and golf clubs / new clubs, the demand for Outdoor Power supplies may increase. .
RESTRAINTS
Outdoor Power supplies, such as lawnmowers and trimmers, are accurate tools. Many components such as motors, air filters, and fuel filters for these Global Outdoor Power systems need to be repaired regularly. For optimal performance, Global Outdoor Power Equipment supply needs to be re-measured after normal intervals. Regular maintenance includes lubrication, sharpening, and replacement of parts, as well as other repairs required for the proper operation of tools. Thus, the cost of maintenance of Global Outdoor Power Equipment is very high. Consumers, especially in developing countries, are not prepared to spend a lot of money on the maintenance of these machines as workers are available at a low cost. Also, the cost of ownership of Global Outdoor Power plants goes up due to these maintenance and repair requirements.
OPPORTUNITIES
With the growing adoption of IoT devices and the growing popularity of smart and connected products, manufacturers are focusing on providing connected devices. Advances in technology and the adoption of wireless connection processes lead to the development of smart and connected tools. Leading Global Outdoor Power manufacturers are focusing on the production of smart and connected Global Outdoor Power plants. For example, John Deere began offering JDLink to customers at an additional cost, which is a digital platform that collects real-time machine data and transmits it to John Deere's service centers.
CHALLENGES
External equipment safety and compliance are important issues for manufacturers as these tools are available worldwide. Local and international distribution channels and end-users want security, reliability, and strict adherence to existing and emerging security standards. Therefore, it is important for tool manufacturers to adhere to these safety rules. In addition to binding regulations, manufacturers must address the serious concerns of retailers and consumers regarding the quality and sustainability of the natural environment. Depending on the type of equipment, additional rules may address physical safety requirements, magnetic disturbances, operating noise levels, and product recycling problems. In addition to mandatory requirements, product testing instructions increase the cost of ownership of external energy assets.
BY APPLICATION
Based on the application, Global Outdoor Power Equipment market is divided into residential / DIY and commercial areas. Among these, the residential / DIY application segment is estimated to account for the rapidly growing segment of Global Outdoor Power Equipment market. Thanks to end-users who can be do-it-yourself (DIY) lovers and homeowners. There is already a thriving and established culture of gardening and lawn care throughout Europe and North America, which is growing steadily in other regions as well.
BY POWER SOURCE
The foreign utility-grade market, by the power source, is divided into electrical power and gasoline power. The fuel sector plays a major role in the Global energy commodity market. These mowers are easy to maintain, and a few models are available by launching the push button. Apart from gas mowers, a gas chainsaw is another Outdoor Power machine available on the market designed to cut large trees and branches.
With the onset of the COVID-19 disaster, the world is witnessing a health and economic epidemic. The Global outbreak of COVID-19 has forced many businesses to shut down their production plants and stop most of the work during the first two to three months. At this critical juncture, the main purpose of companies was to stabilize their businesses by finding secure ways to continue production operations or by finding other sustainable ways to generate revenue. During this time, however, both the residential and commercial applications, both met with increasing demand due to the growing popularity of do-it-yourself (DIY) projects and land reform services. Therefore, within 2 to 3 months of the decline after the onset of the novel virus, both residential and commercial applications made strong returns and began to recover faster. As a result of growing demand, the external energy commodity market may appear to be slowly growing..
BY TYPE
Lawn Mower - Lawn Tractor
Zero-turn
Walk-behind
Robotic
Chain Saw
Trimmer and edger
Blowers
Tillers and Cultivators
Trimmers
Hedge Trimmers
Sprayers
Mist Dusters
Saws
Snow Throwers
BY PRODUCT
Cordless Tools
Rope Power Tools
BY POWER-SOURCE
Fuel-Powered
electrical-Powered
By Functionality
Connected/Smart
Conventional
BY APPLICATION
Commercial
Residential
Power Source -Fuel
electrical.
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On a regional basis, the Global Outdoor Power Equipment Market is divided into two, including North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America is expected to hold the fastest-growing segment in the forecast period. The increase in investment in infrastructure and the housing market, it is expected to lead to an increase in the construction sector in the APAC region.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major players in Global Outdoor Power Equipment Market are Deere & Company, Andreas Stihl AG & Company KG, Honda Motor Co Ltd., The Toro Company, Ariens Company, Yamabiko Corporation, Stanley Black & Decker Inc, Techtronic Industries, Briggs & Stratton Corporation, STIGA S.p.A, AL-KO Kober Group, Robert Bosch and Emak S.p.A., Husqvarna, Makita, Robert Bosch, STIHL Group, Techtronic Industries, MTD Products, and The Toro Company and others
Honda Motor Co Ltd-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 24.50 Billion |
| Market Size by 2030 | US$ 32.02 Billion |
| CAGR | CAGR of 3.4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Lawn Mower - Lawn Tractor, Zero-Turn, Walk-Behind, Robotic, Chain Saw, Trimmer And Edger Blowers, Tillers And Cultivators, Trimmers, Hedge Trimmers, Sprayers, Mist Dusters, Saws, Snow Throwers) • By Product (Cordless Tools, Rope Power Tools) • By Power-Source (Fuel-Powered, electricalal-Powered) • By Application (Commercial, Residential, Power Source -Fuel, electricalal) • By Industries (Oil And Gas, Construction And Infrastructure, Manufacturing, Mining, Other) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Deere & Company, Andreas Stihl AG & Company KG, Honda Motor Co Ltd., The Toro Company, Ariens Company, Yamabiko Corporation, Stanley Black & Decker Inc, Techtronic Industries, Briggs & Stratton Corporation, STIGA S.p.A |
| Key Drivers | • The foreign energy property market is driven largely by the growing demand |
| RESTRAINTS | • Outdoor Power supplies, such as lawnmowers and trimmers, are accurate tools. |
The Outdoor Power Equipment Market size was valued at 23.7 billion in 2021 at a CAGR of 3.4%.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
The availability of outdoor power equipment for lease and high maintenance costs are the restraining factor for the outdoor power market.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5.Value Chain Analysis
6.Porter’s 5 forces model
7. PEST Analysis
8. The SNS Graph
9. Global Outdoor Power Equipment Market Segmentation, by type
9.1 Introduction
9.2 Lawn Mower - Lawn Tractor
9.3 Zero-turn
9.4 Walk-behind
9.50Robotic
9.6 Chain Saw
9.7 Trimmer and edger
9.8 Blowers
9.9 Tillers and Cultivators
9.10 Trimmers
9.11 Hedge Trimmers
9.12 Sprayers
9.13 Mist Dusters
9.14 Saws
9.15 Snow Throwers
10.Global Outdoor Power Equipment Market Segmentation, by product
10.1 Introduction
10.2Cordless Tools
10.3Rope Power Tools
10.4Other
11. Global Outdoor Power Equipment Market market Segmentation, By Power-Source
11.1 Introduction
11.2 Fuel-Powered
11.3 electrical-Powered
11.4 By Functionality
11.5 Connected/Smart
11.6 Conventional
11.7 Other
12.Global Outdoor Power Equipment Market Segmentation, By Application
12.1 Introduction
12.2 Commercial
12.3 Residential
12.4 Power Source -Fuel
12.5 electrical
12.6 Other
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Deere & Company.
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Honda Motor Co Ltd.
14.3 The Toro Company
14.4 Andreas Stihl AG & Company KG
14.4 MTD Products
14.5 Ariens Company
14.6 Yamabiko Corporation
14.7 Stanley Black & Decker Inc
14.8 Techtronic Industries
14.9 Briggs & Stratton Corporation
14.10 STIGA S.p.A
14.11 AL-KO Kober Group
14.12 Robert Bosch
14.13 Emak S.p.A.
14.14 Husqvarna, Makita
14.15 Robert Bosch
14.16 STIHL Group
14.17 Techtronic Industries
14.18 The Toro Company
14.19 Others
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
16. Conclusion
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