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Outdoor Power Equipment Market Share

Report ID: GMI8729
Published Date: Mar 2024
Report Format: PDF

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Outdoor Power Equipment Market Share

In the market of 2023, Honda Motors Co. Ltd and Deer and Company collectively held a considerable share, amounting to more than 16%. Husqvarna AB is a prominent player in the market specializing in the design, manufacturing, and distribution of various types of products used for forestry, lawn, and garden care. The company manufactures chainsaws, trimmers, lawn mowers, robotic mowers, leaf blowers and other outdoor tools under different brand names such as Husqvarna, McCulloch, Gardena, Poulan Pro.

Honda Motors Co. Ltd is a major participant in the market offering a wide variety of high-quality products. Honda uses its wealth of expertise in engine technology to manufacture and distribute several outdoor power equipment which include lawnmowers, trimmers, tillers, and generators. This range is known for its dependability, performance, and fuel efficiency, making it highly sought after by homeowners as well as landscapers and professionals.

Outdoor Power Equipment Market Companies

Major players operating in the outdoor power equipment industry are:

Honda Motors Co. Ltd
Husqvarna AB
Makita Corp
Robert Bosch
Techtronic Industries Ltd.
Yamabiko Corporation
AL-KO Kober Group

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Outdoor power equipment market size crossed USD 34 billion in 2023 and is expected to register over 5.5% CAGR from 2024-2032 owing to the increase in demand for landscape and gardening services worldwide.

The lawn mower segment recorded over 36% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to having a lower carbon footprint compared to gas-powered ones.

North America outdoor power equipment industry held over 37% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to rapid urbanization and a mounting trend toward outdoor leisure activities in the region.

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.