Outdoor Power Equipment Market

Outdoor Power Equipment Market by Equipment Type (Lawn Mower (Lawn Tractor, Zero-turn, Walk-behind, Robotic), Chain Saw, Trimmer & edger), Application (Commercial, Residential), Power Source (Fuel, Electric), and Geography - Global Forecast to 2024

Report Code: SE 7109 May, 2019, by marketsandmarkets.com

[161 Pages Report] The global outdoor power equipment market is estimated to grow from USD 22.3 billion in 2019 to USD 26.1 billion by 2024, at a CAGR of 3.2%. Rising adoption of battery-powered outdoor power equipment for maintaining lawns and gardening activities, growing demand for landscaping services, and increasing interest of homeowners in gardening activities are the key factors driving the growth of the market. However, high maintenance cost and availability of outdoor power equipment at lease are likely to hamper the growth of the market. The outdoor power equipment market offers several opportunities for manufacturers to focus on manufacturing smart and connected outdoor power equipment.

Outdoor Power Equipment Market

The market for saws to grow at significant rate from 2019 to 2024

Chainsaws are used mainly in various wood cutting applications such as bucking, pruning, cutting, and felling trees. Chainsaws are used by both commercial and non-commercial end users. Chainsaws can be powered by electricity or gas engines. Based on the power source, gas chainsaws are likely to account for a significant share in the global market during the forecast period. In 2018, North America held the largest market share of chainsaws due to the increasing demand from professionals in the forestry sector. The global population is growing at a steady rate and is estimated to reach more than 9 billion by 2050. This growth in population will lead to a rise in the demand for land, which will lead to deforestation. This is propelling the demand for chainsaws worldwide.

Market for electric-powered equipment to grow at a higher CAGR from 2019 to 2024

Electric-powered equipment are primarily used by professionals and DIY users. Majority of these equipment are used by homeowners/do-it-yourself (DIY) users for residential gardening applications. Advances in battery technology, e.g., the development of high-density batteries that can last longer once charged, is the primary factor contributing to the increasing adoption of electric outdoor power equipment. Furthermore, manufacturers are also focusing more on cordless outdoor power equipment and launching innovative products in the market owing to the growing interest of consumers in these types of equipment. .

Commercial applications to exhibit high growth in outdoor power equipment market during forecast period

Outdoor power equipment are used for both commercial and residential applications. Outdoor power equipment are used by commercial end users including landscape service providers, and lawn and tree care providers. Residential end users include homeowners and DIY enthusiasts. Currently, the market is dominated by the residential/DIY application segment. However, the commercial application segment is expected to exhibit higher growth during the forecast period. Growth in the US housing and increasing garden activities is propelling the growth of the outdoor power equipment market for commercial applications. The commercial application segment is dominated by fuel-powered equipment; however, manufacturers are introducing battery-operated equipment for commercial applications.

Outdoor Power Equipment Market

Outdoor power equipment market in APAC to grow at fastest rate during forecast period

The outdoor power equipment market in APAC is expected to grow at the highest CAGR during the forecast period. Growing investments in residential and infrastructure markets are expected to boost the construction industry, which would, in turn, drive the use of outdoor power equipment in APAC. Japan is home to many outdoor power equipment and small gas engine manufacturers such as Honda, Yamabiko, Fuji Heavy Industries, Kawasaki, and Yamaha. China is investing heavily in infrastructural development and urban area planning. This investment in the construction industry is the major growth driver of the outdoor power equipment market. With growing urbanization in India, there has been a significant demand for outdoor power equipment that can support the construction industry for various urban development projects.

Key Market Players

As of 2018, Husqvarna Group (Sweden), Deere & Company (US), Honda Motor Co., Ltd. (Japan), The Toro Company (US), Andreas Stihl AG & Company KG (Germany), MTD Products (US), Ariens Company (US), Yamabiko Corporation (Japan), Stanley Black & Decker Inc. (US), Techtronic Industries (Hong kong), Briggs & Stratton Corporation (US), STIGA S.p.A. (Italy), AL-KO kober Group (Germany), Robert Bosch (Germany), and Emak S.p.A. (Italy) were the major players in the outdoor power equipment market.

Husqvarna (Sweden) is a leading player offering outdoor power equipment to various end users. Husqvarna offers a diversified range of outdoor power equipment for professional as well as residential end users. Husqvarna has over 325 years of experience and a wide geographic presence across all the continents. Additionally, its subsidiaries all over the world make it easy for the company to sell its products in the domestic as well as in the international markets. The company is a pioneer in the development of robotic lawn mowers and battery-powered outdoor power equipment.

Toro (US) is one of the leading manufacturers of outdoor power equipment. It offers outdoor power equipment for turf care maintenance, landscapes, agricultural fields, rental and specialty construction, snow and ice management, and residential applications. Strategically identified manufacturing competencies, significant distribution network, and improved performance of the Professional business segment are its strengths.

Deere & Company (US) is one of the significant players in the outdoor power equipment market. It has a well-established distribution network across various regions. The company has a strong position in the lawn mowers and tractors category in the US and overseas markets. The company has strong R&D capabilities in the field of outdoor power equipment. Owing to its innovative technological capability, the company can offer diversified and innovative products for customers, thereby driving competitiveness in the market.

Recent Developments

  • In October 2018, Deere & Company introduced the new diesel Z994R Commercial ZTrak zero-turn mower, which is powered by a three-cylinder liquid-cooled diesel engine. With this launch, the company expanded its portfolio of diesel solutions for professional landscape contractors.
  • In November 2018, Toro launched TITAN HD zero-turn special edition mower. The TITAN HD zero-turn mower enables landscape contractors and acreage owners to efficiently tackle large areas throughout the day.
  • In March 2018, Husqvarna launched zero-turn mower Z560X for professional lawn mowing applications. Dual fuel tanks, automatic parking brake, and 152 cm cutting width are some of the features of Husqvarna's Z560X zero-turn mower.

Critical Questions:

  • Which lawn mower type is expected to have the highest demand in the future?
  • Which is the most adopted outdoor power equipment in the market?
  • What are the growth opportunities for manufacturers in residential and commercial applications?
  • How the shift from gas to electric and corded to cordless will change the revenue mix of the manufacturers?
  • What are the key trends in the outdoor power equipment market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
                    2.1.2.2 Key Data From Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 35)

4 Premium Insights – Outdoor Power Equipment Market (Page No. - 40)
    4.1 Lucrative Opportunities in Outdoor Power Equipment Market
    4.2 Outdoor Power Equipment Market, By Equipment Type
    4.3 Market, By Application
    4.4 Market in North America, By Equipment Type and Country
    4.5 Market in Europe, By Power Source
    4.6 Market, By Region

5 Market Overview (Page No. - 45)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Landscaping Services and Increasing Interest of Homeowners in Gardening Activities
                    5.2.1.2 Rising Adoption of Battery-Powered Outdoor Power Equipment for Maintaining Lawns and Gardening Activities
           5.2.2 Restraints
                    5.2.2.1 High Maintenance Cost and Availability of Outdoor Power Equipment at Lease
           5.2.3 Opportunities
                    5.2.3.1 Focus on Manufacturing Smart and Connected Outdoor Power Equipment
                    5.2.3.2 High Preference for Rental Services of  Outdoor Power Equipment
           5.2.4 Challenges
                    5.2.4.1 Safety Regulations and Strict Trade Policies
                    5.2.4.2 Designing Ergonomic and Lightweight Outdoor Power Equipment
    5.3 Value Chain Analysis
           5.3.1 Research and Development
           5.3.2 Component Manufacturers and Suppliers
           5.3.3 Outdoor Power Equipment Manufacturers
           5.3.4 Distributors and Retailers
           5.3.5 End Users
           5.3.6 Post-Sales Services

6 Outdoor Power Equipment Market, By Equipment Type (Page No. - 52)
    6.1 Introduction
    6.2 Lawn Mowers
           6.2.1 Riding Lawn Mowers
                    6.2.1.1 Rear Engine Riding Mowers
                               6.2.1.1.1 Growing Demand for Rear Engine Riders in the US and Europe to Drive Its Growth During Forecast Period
                    6.2.1.2 Lawn Tractors and Garden Tractors
                               6.2.1.2.1 Rising Adoption of Lawn and Garden Tractors By Homeowners to Propel Its Demand
                    6.2.1.3 Zero-Turn-Radius Mowers (ZTR)
                               6.2.1.3.1 Zero-Turn Riding Mowers to Grow at Highest Rate in Riding Lawn Mowers Market
           6.2.2 Non-Riding Lawn Mowers
                    6.2.2.1 Walk-Behind Lawn Mowers
                               6.2.2.1.1 Push Mowers
                                             6.2.2.1.1.1 Demand for Push Walk-Behind Mowers to Grow Especially in the US From 2019 to 2024
                               6.2.2.1.2 Self-Propelled Mowers
                                             6.2.2.1.2.1 Self-Propelled Mowers to Be Preferred Choice Among Homeowners for Large Size Yard Maintenance
                    6.2.2.2 Robotic Lawn Mowers
                               6.2.2.2.1 Europe Dominated Robotic Lawn Mowers Market in 2018
    6.3 Saws
           6.3.1 Chainsaws
                    6.3.1.1 Gasoline-Powered Chainsaws to Remain Preferred Choice Among Professionals
    6.4 Trimmers and Edgers
           6.4.1 Trimmers and Brush Cutters
                    6.4.1.1 Growing Popularity of Garden Maintenance to Increase Demand for Trimmers and Brush Cutters
           6.4.2 Hedge Trimmers
                    6.4.2.1 Demand for Electric Hedge Trimmers From Residential Users to Rise During Forecast Period
           6.4.3 Walk-Behind Edgers and Trimmers
                    6.4.3.1 Demand for Fuel-Powered Walk-Behind Trimmers to Grow for Large Yard Maintenance
    6.5 Blowers
           6.5.1 Backpack
                    6.5.1.1 Backpack Blowers to Be Increasingly Adopted By Professional Users During Forecast Period
           6.5.2 Handheld
                    6.5.2.1 Increasing Demand for Battery-Powered Handheld Blowers From Homeowners/DIY Users
    6.6 Tillers and Cultivators
                    6.6.1.1 Residential Applications to Dominate Market for Tillers and Cultivators From 2019 to 2024
    6.7 Snow Throwers
           6.7.1 Europe and North America to Lead Market for Snow Throwers During Forecast Period
    6.8 Others

7 Outdoor Power Equipment Market, By Power Source (Page No. - 75)
    7.1 Introduction
    7.2 Fuel Powered
           7.2.1 Gas-Powered Equipment to Hold Larger Size of the Market During Forecast Period
    7.3 Electric Powered
           7.3.1 Corded
                    7.3.1.1 Environmental Regulations to Drive Growth of Corded Equipment Market in Coming Years
           7.3.2 Cordless
                    7.3.2.1 Rising Adoption of Battery-Powered Handheld Equipment to Drive Demand for Cordless Equipment Market

8 Outdoor Power Equipment Market, By Application (Page No. - 82)
    8.1 Introduction
    8.2 Commercial
           8.2.1 Increasing Garden Activities to Propel Growth of  Market for Commercial Applications
    8.3 Residential/DIY
           8.3.1 Growing Popularity of DIY Gardening Culture to Drive Outdoor Power Equipment Market for Residential/DIY Applications

9 Geographic Analysis (Page No. - 88)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 US to Hold Largest Size of Outdoor Power Equipment Market From 2019 to 2024
           9.2.2 Canada
                    9.2.2.1 Rich Gardening and Lawn Maintenance Culture in Canada to Help Increase Demand in Near Future
           9.2.3 Mexico
                    9.2.3.1 Growth in Residential Construction to Drive Demand for Outdoor Power Equipment in Mexico
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Germany to Remain A Key Market for Outdoor Power Equipment in Europe During the Forecast Period
           9.3.2 France
                    9.3.2.1 Presence of Large Number of Parks to Drive Demand for Outdoor Power Equipment in France
           9.3.3 UK
                    9.3.3.1 Presence of Parks and Golf Turfs Continue to Drive Demand for Outdoor Power Equipment
           9.3.4 Rest of Europe
    9.4 APAC
           9.4.1 Japan
                    9.4.1.1 Japan Held Largest Size of Outdoor Power Equipment Market in APAC
           9.4.2 China
                    9.4.2.1 Growth in GDP and Construction Sector to Offer Opportunities for Market
           9.4.3 South Korea
                    9.4.3.1 Well-Established Gardening and Lawn Culture to Propel Demand for Outdoor Power Equipment in South Korea
           9.4.4 India
                    9.4.4.1 Indian Outdoor Power Equipment Market to Grow at Highest CAGR During Forecast Period
           9.4.5 Rest of APAC
    9.5 RoW
           9.5.1 South America
                    9.5.1.1 Brazil and Argentina are Major Markets in South America
           9.5.2 Middle East & Africa
                    9.5.2.1 UAE and South Africa are Key Markets in Middle East and Africa

10 Competitive Landscape (Page No. - 110)
     10.1 Overview
     10.2 Ranking Analysis : Outdoor Power Equipment Market
     10.3 Competitive Leadership Mapping of Global Market, 2018
             10.3.1 Introduction
                       10.3.1.1 Visionary Leaders
                       10.3.1.2 Dynamic Differentiators
                       10.3.1.3 Innovators
                       10.3.1.4 Emerging Companies
             10.3.2 Competitive Leadership Mapping
     10.4 Strength of Product Portfolio
     10.5 Business Strategy Excellence
     10.6 Competitive Scenario
             10.6.1 Product Launches
             10.6.2 Acquisitions
             10.6.3 Business Expansions
             10.6.4 Partnerships and Collaborations

11 Company Profiles (Page No. - 119)
     11.1 Husqvarna
             11.1.1 Business Overview
             11.1.2 Products Offered
             11.1.3 Recent Developments
             11.1.4 SWOT Analysis
             11.1.5 MnM View
     11.2 Deere & Company
             11.2.1 Business Overview
             11.2.2 Products Offered
             11.2.3 Recent Developments
             11.2.4 SWOT Analysis
             11.2.5 MnM View
     11.3 Honda
             11.3.1 Business Overview
             11.3.2 Products Offered
             11.3.3 Recent Developments
             11.3.4 SWOT Analysis
             11.3.5 MnM View
     11.4 The Toro Company
             11.4.1 Business Overview
             11.4.2 Products Offered
             11.4.3 Recent Developments
             11.4.4 SWOT Analysis
             11.4.5 MnM View
     11.5 Stihl Group
             11.5.1 Business Overview
             11.5.2 Products Offered
             11.5.3 Recent Developments
             11.5.4 SWOT Analysis
             11.5.5 MnM View
     11.6 MTD Products
             11.6.1 Business Overview
             11.6.2 Products Offered
             11.6.3 Recent Developments
             11.6.4 MnM View
     11.7 Ariens Company
             11.7.1 Business Overview
             11.7.2 Products Offered
             11.7.3 Recent Developments
             11.7.4 MnM View
     11.8 Yamabiko Corporation
             11.8.1 Business Overview
             11.8.2 Products Offered
             11.8.3 Recent Developments
             11.8.4 MnM View
     11.9 Stanley Black & Decker
             11.9.1 Business Overview
             11.9.2 Products Offered
             11.9.3 Recent Developments
             11.9.4 MnM View
     11.10 Techtronic Industries (TTI)
               11.10.1 Business Overview
               11.10.2 Products Offered
               11.10.3 Recent Developments
               11.10.4 MnM View
     11.11 Other Key Players
               11.11.1 Briggs & Stratton Corporation
               11.11.2 STIGA S.p.A.
               11.11.3 AL-KO Kober Group
               11.11.4 Emak S.p.A
               11.11.5 Robert Bosch
               11.11.6 Makita
               11.11.7 Schiller Grounds Care
               11.11.8 Excel Industries Inc.
               11.11.9 Chervon (China) Trading Co., Ltd
               11.11.10 Jacobsen (Textron Company)

12 Appendix (Page No. - 155)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide: Outdoor Power Equipment Market
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (64 Tables)

Table 1 Outdoor Power Equipment Market, in Terms of Value and Volume , 2015—2024
Table 2 Market, By Equipment Type, 2015–2024 (USD Million)
Table 3 Market for Lawn Mowers, By Type, 2015–2024 (USD Million)
Table 4 Market for Lawn Mowers, By Application, 2015–2024 (USD Million)
Table 5 Market for Lawn Mowers, By Power Source, 2015–2024 (USD Million)
Table 6 Market for Lawn Mowers, By Region, 2015–2024 (USD Million)
Table 7 Outdoor Power Equipment Market for Riding Lawn Mowers, By Type, 2015–2024 (USD Million)
Table 8 Market for Riding Lawn Mowers, By Power Source, 2015–2024 (USD Million)
Table 9 Market for Riding Lawn Mowers, By Application, 2015–2024 (USD Million)
Table 10 Outdoor Power Equipment Market for Non-Riding Lawn Mowers, By Type, 2015–2024 (USD Million)
Table 11 Market for Non-Riding Lawn Mowers, By Power Source, 2015–2024 (USD Million)
Table 12 Market for Non-Riding Lawn Mowers, By Application, 2015–2024 (USD Million)
Table 13 Outdoor Power Equipment Market for Robotic Lawn Mowers, By Application, 2015–2024 (USD Million)
Table 14 Market for Robotic Lawn Mowers, By Region, 2015–2024 (USD Million)
Table 15 Outdoor Power Equipment Market for Saws, By Application, 2015–2024 (USD Million)
Table 16 Market for Saws, By Power Source, 2015–2024 (USD Million)
Table 17 Market for Saws, By Region, 2015–2024 (USD Million)
Table 18 Outdoor Power Equipment Market for Trimmers and Edgers, By Application, 2015–2024 (USD Million)
Table 19 Market for Trimmers and Edgers, By Power Source, 2015–2024 (USD Million)
Table 20 Market for Trimmers and Edgers, By Region, 2015–2024 (USD Million)
Table 21 Outdoor Power Equipment Market for Blowers, By Application, 2015–2024 (USD Million)
Table 22 Market for Blowers, By Power Source, 2015–2024 (USD Million)
Table 23 Market for Blowers, By Region, 2015–2024 (USD Million)
Table 24 Outdoor Power Equipment Market for Tillers and Cultivators, By Application, 2015–2024 (USD Million)
Table 25 Market for Tillers and Cultivators, By Power Source, 2015–2024 (USD Million)
Table 26 Market for Tillers and Cultivators, By Region, 2015–2024 (USD Million)
Table 27 Outdoor Power Equipment Market for Snow Throwers, By Application, 2015–2024 (USD Million)
Table 28 Market for Snow Throwers, By Power Source, 2015–2024 (USD Million)
Table 29 Market for Snow Throwers, By Region, 2015–2024 (USD Million)
Table 30 Outdoor Power Equipment Market for Others, By Application, 2015–2024 (USD Million)
Table 31 Market for Others, By Power Source, 2015–2024 (USD Million)
Table 32 Market for Others, By Region, 2015–2024 (USD Million)
Table 33 Outdoor Power Equipment Market, By Power Source, 2015–2024 (USD Million)
Table 34 Market for Fuel-Powered Equipment, By Equipment Type, 2015–2024 (USD Million)
Table 35 Market for Fuel-Powered Equipment, By Region, 2015–2024 (USD Million)
Table 36 Outdoor Power Equipment Market for Electric-Powered Equipment, By Equipment Type, 2015–2024 (USD Million)
Table 37 Market for Electric Equipment, By Region, 2015–2024 (USD Million)
Table 38 Market for Electric Equipment, By Type, 2015–2024 (USD Million)
Table 39 Outdoor Power Equipment Market, By Application, 2015–2024 (USD Million)
Table 40 Market for Commercial Applications, By Equipment Type, 2015–2024 (USD Million)
Table 41 Market for Commercial Applications, By Region, 2015–2024 (USD Million)
Table 42 Outdoor Power Equipment Market for Residential/DIY Applications, By Equipment Type, 2015–2024 (USD Million)
Table 43 Market for Residential Applications, By Region, 2015–2024 (USD Million)
Table 44 Outdoor Power Equipment Market, By Region, 2015–2024 (USD Million)
Table 45 Market in North America, By Equipment Type, 2015–2024 (USD Million)
Table 46 Market in North America, By Application, 2015–2024 (USD Million)
Table 47 Market in North America, By Power Source, 2015–2024 (USD Million)
Table 48 Market in North America, By Country, 2015–2024 (USD Million)
Table 49 Outdoor Power Equipment Market in Europe, By Equipment Type, 2015–2024 (USD Million)
Table 50 Market in Europe, By Application, 2015–2024 (USD Million)
Table 51 Market in Europe, By Power Source, 2015–2024 (USD Million)
Table 52 Market in Europe, By Country, 2015–2024 (USD Million)
Table 53 Outdoor Power Equipment Market in APAC, By Equipment Type, 2015–2024 (USD Million)
Table 54 Market in APAC, By Application, 2015–2024 (USD Million)
Table 55 Market in APAC, By Power Source, 2015–2024 (USD Million)
Table 56 Market in APAC, By Country, 2015–2024 (USD Million)
Table 57 Outdoor Power Equipment Market in RoW, By Equipment Type, 2015–2024 (USD Million)
Table 58 Market in RoW, By Application, 2015–2024 (USD Million)
Table 59 Market in RoW, By Power Source, 2015–2024 (USD Million)
Table 60 Market in RoW, By Country, 2015–2024 (USD Million)
Table 61 Product Launches, 2015–2018
Table 62 Strategic Acquisitions, 2015–2018
Table 63 Business Expansions, 2015–2018
Table 64 Partnerships and Collaborations, 2016
 
 
List of Figures (55 Figures)
 
Figure 1 Outdoor Power Equipment Market Segmentation
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumption of Research Study
Figure 7 Lawn Mowers to Hold Largest Size of Outdoor Power Equipment Market From 2019 to 2024
Figure 8 Residential/DIY Application Held Larger Share of Market in 2018
Figure 9 Market for Electric-Powered Equipment to Grow at Higher CAGR During Forecast Period
Figure 10 Outdoor Power Equipment Market, By Region, 2018
Figure 11 Attractive Opportunities in Market From 2019 to 2024
Figure 12 Lawn Mowers to Account for Largest Size of Market in 2019
Figure 13 Residential/DIY Application to Capture Largest Share of Market in 2024
Figure 14 US to Hold Largest Share of Market in North America During Forecast Period
Figure 15 Electric-Powered Equipment to Exhibit Higher Growth in European Market During Forecast Period
Figure 16 North America to Hold Largest Size of Market During Forecast Period
Figure 17 Outdoor Power Equipment Market: Droc
Figure 18 Total Golf Participants in US, 2017 (Million)
Figure 19 Value Chain Analysis: Outdoor Power Equipment Market
Figure 20 Outdoor Power Equipment Market, By Equipment Type
Figure 21 Lawn Mowers to Hold Largest Size of Market During Forecast Period
Figure 22 North America to Hold Largest Size of Market for Lawn Mowers During Forecast Period
Figure 23 Robotic Lawn Mowers to Grow at Highest CAGR During Forecast Period
Figure 24 Outdoor Power Equipment Market for Saws in APAC to Grow at Highest CAGR During Forecast Period
Figure 25 Electric-Powered Blowers to Grow at Highest CAGR From 2019 to 2024
Figure 26 North America to Hold Largest Size of Outdoor Power Equipment Market for Tillers and Cultivators During Forecast Period
Figure 27 Outdoor Power Equipment Market, By Power Source
Figure 28 Fuel-Powered Equipment to Hold Larger Size of Market During Forecast Period
Figure 29 Cordless Equipment to Grow at Higher CAGR During Forecast Period
Figure 30 Outdoor Power Equipment Market, By Application
Figure 31 Residential/DIY Application to Hold Larger Size of Market During Forecast Period
Figure 32 North America to Hold Largest Size of Market for Residential Applications From 2019 to 2024
Figure 33 Outdoor Power Equipment Market in India, China, and South America to Witness Significant Growth During Forecast Period
Figure 34 North America to Hold Largest Size of Market During Forecast Period
Figure 35 North America: Snapshot of Market
Figure 36 Electric-Powered Equipment to Grow at Highest CAGR During Forecast Period
Figure 37 Europe: Snapshot of Outdoor Power Equipment Market
Figure 38 Market for Commercial Applications to Grow at Higher CAGR in Europe During Forecast Period.
Figure 39 APAC: Snapshot of Outdoor Power Equipment Market
Figure 40 Outdoor Power Equipment Market in India to Witness Highest Growth Rate During Forecast Period
Figure 41 South America to Dominate Market in RoW During Forecast Period
Figure 42 Key Players Adopted Product Launches and Acquisitions as Key Growth Strategies During 2015–2018
Figure 43 Ranking of Top 5 Players in Outdoor Power Equipment Market (2018)
Figure 44 Husqvarna: Company Snapshot
Figure 45 Deere & Company: Company Snapshot
Figure 46 Honda: Company Snapshot
Figure 47 The Toro Company: Company Snapshot
Figure 48 Stihl: Company Snapshot
Figure 49 MTD Products: Company Snapshot
Figure 50 Ariens Company: Company Snapshot
Figure 51 Yamabiko Corporation: Company Snapshot
Figure 52 Stanley Black & Decker: Company Snapshot
Figure 53 Techtronic Industries: Company Snapshot
Figure 54 Marketsandmarkets Knowledge Store Snapshot
Figure 55 Marketsandmarkets Knowledge Store: Semiconductor & Electronics Industry Snapshot

The study involved 4 major activities for estimating the current size of the outdoor power equipment market. An exhaustive secondary research was carried out to collect information on market. The next step involved the validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources such as encyclopedias, directories, and associations [Outdoor Power Equipment Institute (OPEI), European Power Tool Association (EPTA), Outdoor Power Equipment and Engine Service Association, Lawn and Garden Dealers Association], Outdoor Power Equipment (OPE) Magazine, OneSource, and Factiva have been used to identify and collect information for an extensive technical and commercial study of the outdoor power equipment market.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information related to outdoor power equipment. Key players in the outdoor power equipment market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as CEOs, directors, and marketing personnel.

Outdoor Power Equipment Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the outdoor power equipment market and other dependent submarkets listed in this report.

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size through the estimation process, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

The objectives of the study are as follows:

  • To describe and forecast the outdoor power equipment market by equipment type, application, power source, and geography, in terms of value
  • To forecast the market for various segments with regard to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the outdoor power equipment market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments in the overall outdoor power equipment market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the overall outdoor power equipment market
  • To strategically profile key players and comprehensively analyze their market ranking in terms of revenue and core competencies
  • To provide a detailed overview of the value chain in the outdoor power equipment market
  • To analyze competitive developments such as product launches, acquisitions, and partnerships in the outdoor power equipment market

Scope of Report:

Report Metric

Details

Years considered for providing market size

2015–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD) in Billion

Segments covered

Equipment Type, Application, and Power Source

Regions covered

North America, APAC, Europe, and RoW

Companies covered

Husqvarna Group (Sweden), Deere & Company (US), Toro (US), Honda Motor Co., Ltd. (Japan), Stihl Group (Germany), MTD Products (US), Ariens Company (US), Yamabiko Corporation (Japan), Stanley Black & Decker (US), Techtronic Industries (Hong Kong), Briggs & Stratton Corporation (US), STIGA S.p.A. (Italy), AL-KO KOBER GROUP (Germany), Emak S.p.A. (Italy), Bosch (Germany), Makita (Japan), Schiller Ground Care (US), Excel Industries, Inc. (US), CHERVON Group (China), Jacobsen (Textron Company, US) are some of the leading companies in the outdoor power equipment market.

In this report, the overall outdoor power equipment market has been segmented on the basis of equipment type, power source, application, and region.

By Equipment Type

  • Lawn Mowers
    • Riding Lawn Mowers
      • Lawn Tractors & Garden Tractors
      • Rear Engine Riding Mowers
      • Zero-Turn-Radius (ZTR) Mowers
    • Non-riding Lawn Mowers
      • Walk-behind Lawn Mowers
      • Robotic Lawn Mowers
  • Saws
    • Chainsaws
  • Trimmers & Edgers
    • Trimmers & Brush Cutters
    • Hedge Trimmers
    • Walk-behind Edgers and Trimmers
  • Blowers
    • Backpack Blowers
    • Handheld Blowers
  • Tillers & Cultivators
  • Snow Throwers
  • Others (Earth/Ice Augurs, Pole Pruners, and Split Boom Products)

By Power Source

  • Fuel Powered
  • Electric Powered
    • Corded
    • Cordless

By Application

  • Commercial
  • Residential/DIY

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Rest of the World (RoW)
    • South America
    • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific need. The following customization options are available for the report.

Company information

  • Detailed analysis and profiling of additional market players (Up to 5)
  • Country-level market for robotic lawn mowers
Report Code
SE 7109
Published ON
May, 2019
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