CHICAGO, June 23, 2022 /PRNewswire/ — The report “Outdoor Power Equipment Market by Equipment Type (Lawnmower, Chainsaw, Trimmer, and Edger), Applications (Commercial, Personal/DIY), Functionality (Connected/Smart, Conventional), Power Source (Fuel, Electric), and Region – Global Forecast to 2026” , published by MarketsandMarkets™, the market size is estimated $26.4 billion in 2021 and is expected to be achieved $35.8 billion at a CAGR of 6.3% by 2026. The growing affinity for property beautification and garden maintenance is driving the demand for outdoor power equipment worldwide. The growing potential of the construction sector due to increasing infrastructure projects worldwide, increasing adoption of battery powered equipment and rapidly growing demand for commercial landscaping services are key factors driving the growth of the outdoor power equipment market.
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Saws are expected to register the highest growth during the forecast period
Saws market is anticipated to witness the highest growth rate from 2021 to 2026. The growing demand for chainsaws is due to the increasing acceptance by professional arborists and lumberjacks in the forestry sector. Chainsaws are primarily used for chopping wood in deforestation and infrastructure projects needed to house residential and commercial facilities. Another major end user of chainsaws are sculptors who use chainsaws for carving and decorating.
Commercial use is expected to see the strongest growth in the reporting period
Commercial end users can be divided into construction professionals, forestry professionals, landscaping professionals and lawn care professionals. The increasing potential of the construction sector to carry out multiple projects with recent government initiatives to support the construction sector is a major factor contributing to the increasing adoption of outdoor power equipment. In addition, government and local government initiatives to introduce green devices are driving demand for cordless, portable, electrically powered devices for maintaining public spaces such as parks.
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Electrically powered devices grew the most in the reporting period
Recent technical developments due to massive R&D investments by major players have significantly improved the performance and service life of electrically powered devices. In addition, electric powered devices are more preferred for precision work due to their light and compact frame and portability. Additionally, increasing acceptance by homeowners and do-it-yourself (DIY) enthusiasts for better ergonomics and convenience is fueling demand for electrically powered devices. In addition, governments and local authorities in all regions are taking initiatives to encourage consumers to adopt environmentally friendly solutions.
The outdoor power equipment market in North America is expected to grow significantly from 2021 to 2026
in the North America, there is a culture of lawn and garden care that continues to grow due to people’s growing affinity for gardening activities and the increasing number of private lawns. Additionally, there is an increasing demand for do-it-yourself techniques in the region, prompting homeowners to undertake multiple renovation and beautification projects. In addition, the participation of North America in turf sports like golf is experiencing massive growth year on year. The increasing demand for landscaping services from both residential and commercial entities is another major factor fueling the demand for outdoor power equipment. Additionally, government regulations designed to reduce environmental impact are driving demand for electrically powered devices in the region.
Major companies operating in the outdoor power equipment market include Briggs & Stratton (USA), Deere & Company (USA), HONDA (Japan), Husqvarna (Sweden), Makita (Japan), Robert Bosch (Germany), Stanley Black & Decker (USA), STIHL Group (Germany), Techtronic Industries (TTI) (Hong Kong) and The Toro Company (USA).
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