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Outdoor Power Equipment Market

Outdoor Power Equipment Market Size by Product (Lawn Mowers, Saws, Trimmers & Edgers, Blowers, Snow Throwers, Tillers & Cultivators, Others), By power Source (Electric-powered, Fuel-powered), By Application (Residential, Commercial), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-12665
  • Published Date: Aug, 2024
  • Pages: 239
  • Category: Consumer Goods
  • Format: PDF
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The global outdoor power equipment market is expected to reach USD 35.51 billion by 2033, at a CAGR of 3.78% from 2024 to 2033. The market growth and development can be majorly attributed to the rapid utilization of power tools in residential as well as commercial industry verticals. This can be considered as the prominent factor. Additionally, the subtle growth which is occurring in the construction industry is anticipated to have a positive impact on the market development in the upcoming years.

Market Overview:

Outdoor power equipment are called as the types of equipment which utilizes engines or small motors. The popular outdoor power equipment are lawn mowers, saws, trimmers & edgers, blowers and others. These types of products are utilized for garden, lawn, and golf course maintenance and landscaping. Basically the outdoor power equipment is used for ground maintenance. Often the power tools are considered to be the part of outdoor power equipment. The power tools are operated by further power source and mechanism in comparison to the manual labor. The common power tools use electric motors. There are basically two types of power tools. First one is the corded one and the second type is the cordless type. In the recent years, the demand for the cordless power tools is growing exponentially. This is because the cordless tools offers much flexibility in comparison to the corded tool types. Additionally, the cordless tools offer much portability and mobility. This implies that the cordless power tools can be moved from one place to another without hassle unlike the corded ones. The applications of the outdoor power equipment’s generally lies in residential and commercial industries.

Outdoor Power Equipment Market Size

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Market Dynamics:

Drivers
  • Increasing demand for the outdoor power equipment

The increasing demand for the outdoor power equipment amongst the homeowners is the main factor which is escalating the market growth. In the present scenario, the homeowners are heavily using the outdoor power equipment in order to improve and enhance the aesthetics so as to boost the attraction of their houses. In the industry of landscaping, a diverse range of outdoor power equipment, together with garden mowers, hedge trimmers, blowers, and saws are utilized in diverse range of landscaping activities that encompass lawn protection, tree care, garden preservation, along with snow removal and other activities. As per the data published to the National Gardening Survey (US), 78 percent of residential complexes and societies in the US participated in lawn and lawn activities in 2018, which increased by using 3 percent in evaluation in comparison to the year 2017. Thus, the growing and rising inclination of homeowners in developed and developing nations towards gardening activities is influencing the market development.

Restraints:
  • Fluctuating raw material prices

The fluctuating prices of the raw materials may act as a restraint for the market development for the time being. This volatility will eventually increase the prices of the outdoor power equipment and its related product types. If the prices of these products rise then, it will result in less buying of the outdoor power equipment, and the end-user industries would start looking for some other source and would not buy the new advanced product types, which will eventually reduce the demand for the outdoor power equipment.

Opportunities:
  • The growth in the construction industry

The rise in construction activities and infrastructural projects is anticipated to provide favorable growth opportunities for the market to grow and flourish in the upcoming years. There has been tremendous constructional activities in the countries like Saudi Arabia. The upcoming infrastructure megaprojects in different sectors of the economy coupled with the special emphasis on environment sustainability is anticipated to stimulate the market growth. Additionally, the government initiatives is expected to have a positive impact on the growth of the construction industry in and across the developing nations and countries.

Challenges:
  • Safety regulations and stringent trade policies

The stringent safety guidelines and regulatory policies associated with the outdoor power equipment product is anticipated to hamper the market growth in the upcoming years. Regional/domestic and worldwide distribution channels and end customers demand protection, reliability, and rigorous compliance with the present and emerging safety standards. Hence, it's miles critical for tool producers to conform those protection rules. In addition to obligatory rules, manufacturers also must address important concerns of shops and consumers concerning first-rate and environmental sustainability. Additional rules and regulation may be there depending upon the product types catering to the outdoor power equipment market. In addition to obligatory requirements, product testing mandates increase the value of possession of outdoor power equipment.

Segmentation Analysis:

The global outdoor power equipment market has been segmented based on product, power source application, and regions.

  • The product segment is divided into lawn mowers, saws, trimmers & edgers, blowers, snow throwers, tillers & cultivators, and others. The lawn mowers segment led the market with a market share of around 29.05% in 2023. The segment growth is mainly attributed to the increasing penetration of the lawn mowers for the landscaping and gardening activities in the residential societies and the commercial complexes. This category of outdoor power equipment is extensively utilized for the activities such as grass trimming, maintaining and preserving the sport stadiums, yards, parks and golf courses. The lawn mowers are also used for decorating purposes.   The increasing population is leading to urbanization and this primary factor is leading to the construction growth and development within the commercial and residential sectors. With this, the affinity for private lawns within the commercial and residential space is fueling the demand for lawn mowers.
  • The power source segment has been bifurcated electric-powered and fuel powered. The electric powered segment is expected to grow at the highest CAGR during the forecast period. The growing adoption of the battery based outdoor equipment products is the primary factor which is boosting the segment growth in the current scenario.
  • The application segment is divided into residential and commercial. The residential segment is anticipated to grow at the highest CAGR during the forthcoming years. The end-users in the residential sector can be homeowners and do-it-yourself (DIY) enthusiasts. In developed regions like North America and Europe, there lies an existing and flourishing landscaping industry. This will provide lucrative market growth opportunities in near future. On the other hand, the rising inclination towards the activities such as landscaping and gardening within the residential end-user industry vertical is a major factor which is contributing to the segment growth in this present scenario.
Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. North America region emerged as the largest market for the global outdoor power equipment market with a 39.43% share of the market revenue in 2023.

North America Region Outdoor Power Equipment Market Share in 2023 - 39.43%

 

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  • In North America, there exists a tradition of garden and garden care, that's in addition increasing as a result of developing affinity of humans towards gardening sports and growing wide variety of personal lawns. Additionally, there is  a rising demand for DIY (do-it-yourself) trend in and across the region that is influencing the residential end-users to undertake several beautification and refurbishment activities. This factor is influencing the regional market growth and development of the outdoor power equipment market in North America.
  • Asia pacific is expected to increase at a significant CAGR over the forecast period. This is due rising urbanization in and across the region. The rising infrastructural projects is anticipated to provide fruitful growth opportunities for the regional market development.
Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global outdoor power equipment industry.

Owing to the advancements in technological advancements, the companies are focusing product innovation and differentiation in order to satisfy the needs and demands of the customers. In 2019, Deere & Company made an agreement with Precision Makers (a Netherlands-based automation firm) in order to manufacture and produce autonomous mowing solutions for the sports turf and golf industry vertical.

List of Key Market Players:
  • Briggs & Stratton Corp.
  • Ariens Company
  • Stanley Black & Decker, Inc.
  • AL-KO KOBER GROUP
  • Husqvarna AB
  • Schiller Ground Care
  • Yamabiko Corp
  • Techtronic Industries Company Ltd
  • Emak S.p.A.
  • Honda Motor Company, Ltd.
  • Excel Industries, Inc.
  • CHEVRON (China) Trading Co., Ltd.
  • Andreas Stihl AG & Company KG
  • MTD Holdings Inc.
  • Makita Corp.
Key Target Audience
  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm

Report Description:

  • Global Outdoor power equipment Market, Industry Analysis, Trends, Analysis and Forecast, 2024 to 2033 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2023 is considered as the base year of the report. 2020, 2021 and 2022 are considered as the historic years and 2024 to 2033 are the forecast years. The global outdoor power equipment market is based on revenue (USD Billion) and volume (Units). The report incorporates the market study based on revenue and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global outdoor power equipment market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of outdoor power equipment product, application, power source and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global outdoor power equipment market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global outdoor power equipment market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related i.e., global outdoor power equipment market) is covered to comprehend the adoption rate and evaluate the market size. 

Frequesntly Asked Questions

As per The Brainy Insights, the size of the outdoor power equipment market was valued at USD 24.50 billion in 2023 to USD 35.51 billion by 2033.

Global Outdoor power equipment market is growing at a CAGR of 3.78% during the forecast period 2024-2033.

North America region emerged as the largest market for the outdoor power equipment.

The market's growth is mainly attributed owing to the increasing demand for the outdoor power equipment mainly in residential and commercial industry sectors.

Fluctuating raw material prices could hamper the market growth.

The growth in construction industry vertical in the developing and emerging economies will provide huge opportunities to the market.

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  • Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
  • Segmentation on the basis of any specific country or region
  • Any segment can be classified on the basis of application
  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
  • We can split the company market share on the basis of product, application and region
  • Report can be prepared for any specific country/region/segment
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Product
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Power Source
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Growing demand for the outdoor power equipment
    5.3. Restraints
          5.3.1. Fluctuating raw material prices
    5.4. Opportunities
          5.4.1. Growing construction industry
    5.5. Challenges
          5.5.1. Safety regulations and stringent trade policies

6. Global Outdoor Power Equipment Market Analysis and Forecast, By Product
    6.1. Segment Overview
    6.2. Lawn Mowers
    6.3. Saws
    6.4. Trimmers & Edgers
    6.5. Blowers
    6.6. Snow Throwers
    6.7. Tillers & Cultivators
    6.8. Others

7. Global Outdoor Power Equipment Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Residential
    7.3. Commercial

8. Global Outdoor Power Equipment Market Analysis and Forecast, By Power Source
    8.1. Segment Overview
    8.2. Fuel Powered
    8.3. Electric Powered

9. Global Outdoor Power Equipment Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Outdoor Power Equipment Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Outdoor Power Equipment Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Briggs & Stratton Corp.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Ariens Company
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Stanley Black & Decker, Inc.
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. AL-KO KOBER GROUP
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Schiller Ground Care
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Husqvarna AB
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Techtronic Industries Company Ltd.
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Emak S.p.A.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Excel Industries, Inc.
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. CHEVRON (China) Trading Co., Ltd.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Andreas Stihl AG & Company KG
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. MTD Holdings Inc.
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. Makita Corp.
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis

List of Table

1. Global Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

2. Global Lawn Mowers Outdoor Power Equipment Market, By Region, 2020–2033 (USD Billion) (Units)

3. Global Saws Outdoor Power Equipment Market, By Region, 2020–2033 (USD Billion) (Units)

4. Global Trimmers & Edgers Outdoor Power Equipment Market, By Region, 2020–2033 (USD Billion) (Units)

5. Global Blowers Outdoor Power Equipment Market, By Region, 2020–2033 (USD Billion) (Units)

6. Global Snow Throwers Outdoor Power Equipment Market, By Region, 2020–2033 (USD Billion) (Units)

7. Global Tillers & Cultivators Outdoor Power Equipment Market, By Region, 2020–2033 (USD Billion) (Units)

8. Global Others Outdoor Power Equipment Market, By Region, 2020–2033 (USD Billion) (Units)

9. Global Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

10. Global Residential Outdoor Power Equipment Market, By Region, 2020–2033 (USD Billion) (Units)

11. Global Commercial Outdoor Power Equipment Market, By Region, 2020–2033 (USD Billion) (Units)

12. Global Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

13. Global Fuel Powered Outdoor Power Equipment Market, By Region, 2020–2033 (USD Billion) (Units)

14. Global Electric Powered Outdoor Power Equipment Market, By Region, 2020–2033 (USD Billion) (Units)

15. Global Outdoor Power Equipment Market, By Region, 2020–2033 (USD Billion) (Units)

16. Global Outdoor Power Equipment Market, By North America, 2020–2033 (USD Billion) (Units)

17. North America Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

18. North America Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

19. North America Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

20. U.S. Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

21. U.S. Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

22. U.S. Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

23. Canada Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

24. Canada Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

25. Canada Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

26. Mexico Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

27. Mexico Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

28. Mexico Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

29. Europe Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

30. Europe Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

31. Europe Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

32. Germany Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

33. Germany Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

34. Germany Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

35. France Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

36. France Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

37. France Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

38. U.K. Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

39. U.K. Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

40. U.K. Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

41. Italy Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

42. Italy Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

43. Italy Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

44. Spain Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

45. Spain Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

46. Spain Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

47. Asia Pacific Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

48. Asia Pacific Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

49. Asia Pacific Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

50. Japan Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

51. Japan Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

52. Japan Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

53. China Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

54. China Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

55. China Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

56. India Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

57. India Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

58. India Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

59. South America Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

60. South America Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

61. South America Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

62. Brazil Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

63. Brazil Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

64. Brazil Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

65. Middle East and Africa Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

66. Middle East and Africa Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

67. Middle East and Africa Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

68. UAE Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

69. UAE Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

70. UAE Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

71. South Africa Outdoor Power Equipment Market, By Product, 2020–2033 (USD Billion) (Units)

72. South Africa Outdoor Power Equipment Market, By Application, 2020–2033 (USD Billion) (Units)

73. South Africa Outdoor Power Equipment Market, By Power Source, 2020–2033 (USD Billion) (Units)

List of Figures 

1. Global Outdoor Power Equipment Market Segmentation

2. Outdoor Power Equipment Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Outdoor Power Equipment Market Attractiveness Analysis By Product

9. Global Outdoor Power Equipment Market Attractiveness Analysis By Application

10. Global Outdoor Power Equipment Market Attractiveness Analysis By Power Source

11. Global Outdoor Power Equipment Market Attractiveness Analysis By Region

12. Global Outdoor Power Equipment Market: Dynamics

13. Global Outdoor Power Equipment Market Share By Product (2023&2033)

14. Global Outdoor Power Equipment Market Share By Application (2023&2033)

15. Global Outdoor Power Equipment Market Share By Power Source (2023&2033)

16. Global Outdoor Power Equipment Market Share by Regions (2023&2033)

17. Global Outdoor Power Equipment Market Share by Company (2023)

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global outdoor power equipment market based on below mentioned segments:

Global Outdoor Power Equipment Market by Product:

  • Lawn Mowers
  • Saws
  • Trimmers & Edgers
  • Blowers
  • Snow Throwers
  • Tillers & Cultivators
  • Others

Global Outdoor Power Equipment Market by Power Source:

  • Fuel Powered
  • Electric Powered

Global Outdoor Power Equipment Market by Application:

  • Residential
  • Commercial

Global Outdoor Power Equipment Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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