Outdoor Power Equipment Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Outdoor Power Equipment Market is segmented By Power Source (Gasoline, Battery, Electric Corded), By Equipment (Lawnmower, Chainsaw, Trimmer, Blowers,....
Outdoor Power Equipment Market Size
Market Size in USD
CAGR6.6%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 6.6% |
| Market Concentration | High |
| Major Players | Husqvarna, Deere & Company, Honda Motor Co., Ltd., Blount International, Inc., The Toro Company |
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Outdoor Power Equipment Market Analysis
The Global Outdoor Power Equipment Market is estimated to be valued at USD 36.9 Bn in 2024 and is expected to reach USD 61.9 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031. Outdoor power equipment includes lawn mowers, blowers, chainsaws, trimmers and other landscaping tools that are powered by small engines. brisk economic growth and rising disposable incomes have supported higher consumer spending on lawn and garden products over the past few years. The market is expected to witness positive growth over the forecast period. Rising construction of residential properties along with expansion of commercial and industrial infrastructure will drive demand. Additionally, growth in urban greenspaces and parks is increasing the need for landscaping services. This is further expected to propel the sales of outdoor power equipment.