Outdoor Power Equipment Market Size

Outdoor Power Equipment Market Size

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.

Homeowners as well as commercial property owners demand tools and machines that are easy to use to maintain gardens, lawns & landscapes. As a result, there is increasing demand for other forms of outdoor power equipment such as trimmers, lawn mowers, chainsaws, and leaf blowers. Also, there is a growing trend toward sustainable landscape designing that promotes the use of environmentally friendly outdoor power tools, further driving market expansion.
 

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. These instruments are necessary in various aspects of construction projects such as land clearing, excavation, landscaping and for powering remote construction sites. Moreover, the demand for outdoor power equipment is further boosted by the increasing trend to urbanization and infrastructure development.
 

The market for outdoor power equipment is significantly constrained by high weather dependency. Fluctuations in demand for outdoor power equipment are mainly caused by changes in weather like extreme hotness, heavy downpour or snowfall that have drastic effects on outside activities. Bad climatic conditions can bring about delays in landscaping, gardening & construction programs leading to reduced need for commodities including trimmers, lawn mowers and compactors. This might result into reduced revenue generation since there may be less working time due to poor weather which affects mostly outdoor jobs and thus the business running industry of outdoor power equipment.