DUBLIN--(BUSINESS WIRE)--The "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 has been added to ResearchAndMarkets.com's offering.
Outdoor power equipment to exhibit significant growth during 2019-2024
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 outdoor power equipment 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.
Fuel-powered equipment to hold the largest market for outdoor power equipment from 2019 to 2024
Fuel-powered outdoor power equipment is expected to lead the outdoor power equipment market from 2019 to 2024. However, the demand for electric-powered equipment is expected to grow at a higher rate owing to the increasing demand for do-it-yourself (DIY) techniques among household consumers. The commercial application segment is dominated by fuel-powered equipment; however, manufacturers are introducing battery-operated equipment for commercial applications. Most of the fuel-powered equipment is equipped with small gas engines. Gas-powered equipment has the power to handle any size of lawn and challenging terrain and conditions, including tall thick grass. Conversely, electric and battery-powered outdoor power equipment such as mowers work best for small, even lawns that are mowed regularly because they do not have the power to handle thick grass.
Market for electric-powered equipment to grow at highest CAGR during the forecast period
Currently, the outdoor power equipment market is dominated by fuel-powered equipment. However, environmental concerns and government regulations for emissions in fuel-powered equipment, along with innovation in battery-operated products, are boosting the demand for electric-powered outdoor equipment, especially for cordless equipment. Corded electric-powered equipment is plug-n-play tools, whereas cordless tools are easy to operate, efficient, and handy. Due to their ergonomic advantages, end-users prefer cordless equipment over conventional fuel-powered equipment.
North America to be the largest market for outdoor power equipment during the forecast period
North America is expected to lead the outdoor power equipment market, in terms of size, from 2019 to 2024. In North America, outdoor power equipment is extensively used for both commercial and residential applications. The DIY trend is already prevalent among consumers in this region and is likely to continue to drive the demand for outdoor power equipment, especially for battery-powered products. Europe is the second-largest market for outdoor power equipment and is leading in the adoption of robotic lawnmowers and other battery-powered products. The market in APAC is expected to grow at the highest CAGR from 2019 to 2024 owing to the increasing demand from commercial landscapers in Australia, India, and China.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights - Outdoor Power Equipment Market
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
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
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
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
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
10 Competitive Landscape
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
Company Profiles
- AL-KO Kober Group
- Ariens Company
- Briggs & Stratton Corporation
- Chervon (China) Trading Co., Ltd
- Deere & Company
- Emak S.p.A
- Excel Industries Inc.
- Honda
- Husqvarna
- Jacobsen (Textron Company)
- Makita
- MTD Products
- Robert Bosch
- Schiller Grounds Care
- Stanley Black & Decker
- STIGA S.p.A.
- Stihl Group
- Techtronic Industries (TTI)
- The Toro Company
- Yamabiko Corporation
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