How big is the outdoor power equipment market?
The outdoor power equipment market size was valued at over USD 34 billion in 2023 and is estimated to register a CAGR of over 5.5% between 2024 & 2032, driven by increase in demand for landscape and gardening services.
What is outdoor power equipment?
Outdoor power equipment refers to equipment used specifically for outdoor services. Examples include brush cutters, edgers, chain saws, and power rakes. This equipment has major applications in both the residential and commercial sectors.
What is Outdoor Power Equipment Expo?
“Equip Expo has evolved into a unique, week-long experience for a range of interconnected businesses including outdoor power equipment, landscaping, hardscaping, tree care, design, lighting, irrigation and more,” says Kris Kiser, President of the Outdoor Power Equipment Institute, which owns and manages the trade show.
Who makes outdoor power equipment?
Honda Motors Co. Ltd, Husqvarna AB, Makita Corp, Robert Bosch, Techtronic Industries Ltd., Yamabiko Corporation, and AL-KO Kober Group, are some of the major outdoor power equipment companies worldwide. What is the size of the North America outdoor power equipment market?
What drives the outdoor power equipment market?
The outdoor power equipment market is driven by the rapid growth of construction industry. With global surge in construction activities, outdoor power equipment like landscaping tools, compact utility loaders and portable generators are also increasingly demanded by people.
How is the outdoor power equipment market changing?
The outdoor power equipment market is evolving with a shift toward advanced and innovative equipment. A prominent example is the widely used robotic lawn mower. The demand for alternative sources of power and more optimized equipment is rising gradually. Currently, electric lawn mowers and robotic outdoor power equipment are popular choices in the market.
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Outdoor Power Equipment Market Size & Share Report, 2032
Outdoor Power Equipment Market size was valued at over USD 34 billion in 2023 and is estimated to register a CAGR of over 5.5% between 2024 & 2032, driven by increase in …
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The global outdoor power equipment market size was valued at $24.4 billion in 2021, and outdoor power equipment industry is projected to reach $41.1 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.
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