Year | Value |
---|---|
2024 | USD 24.23 Billion |
2035 | USD 35.0 Billion |
CAGR (2025-2035) | 3.4 % |
Note – Market size depicts the revenue generated over the financial year
The market for outdoor power equipment is expected to rise steadily, with a current value of $ 24.23 billion in 2024, set to reach $ 35 billion by 2035. The CAGR from 2025 to 2035 is 3.4%. This growth is due to several factors, including the increasing demand for gardening and landscaping equipment, the growing popularity of outdoor leisure activities, and the technological advances that have increased the efficiency and long-term performance of outdoor power tools. The development of electric and battery-powered tools is also a major factor driving the market, by reducing the use of fossil fuels and increasing the appeal of the product to consumers who are increasingly concerned about the environment. In this context, companies such as Husqvarna, Stihl and Toro have been investing heavily in R & D to develop more efficient and sustainable products. Strategic alliances and product launches focused on smart outdoor equipment are also part of the market’s growing competitiveness and the market’s continued evolution.
The Garden Power Tools Market is growing at a rapid rate in several regions of the world, driven by the increasing interest of consumers in gardening, lawn care and landscape gardening. In North America, the market is characterized by a strong preference for high-power, durable products, while in Europe, the market is characterized by a shift towards greener, cordless and battery-powered solutions. In Asia-Pacific, the market is growing rapidly, mainly driven by urbanization and rising incomes, which increase the demand for garden power tools. In the Middle East and Africa, the market is characterized by the development of the economy and the growing interest in outdoor activities. Latin America, with its varied climate and agricultural needs, is also becoming an important market for garden power tools, especially in rural areas.
“In the United States nearly half the households own at least one piece of power-driven garden equipment, indicating a strong interest in gardening and landscape activities.” — National Gardening Association
The outdoor power equipment (OPE) sector, which comprises lawnmowers, hedge trimmers and leaf blowers, plays a vital role in the overall market, which is currently growing steadily. The main reasons for this are the growing trend towards gardening and outdoor maintenance and the growing popularity of eco-friendly equipment, such as cordless tools. In addition, the need to comply with emissions standards is pushing manufacturers to develop cleaner technology.
The ac-quisition of electric tools is at present in the experimental stage, and Husqvarna and Stihl are at the head of the field in the matter of products. It is expected that the electric tools will be applied to such activities as horticulture, municipal work, and road-building where economy and efficiency are the guiding principles. The growing tendency towards urban gardening, the desire to reduce the carbon-footprint, and government regulations with regard to the matter of acquiring electric tools will add to the development of the trade. Li-ion batteries and the development of smart machines are the determining factors in the further development of the trade.
The market for outdoor power equipment will grow steadily from 2024 to 2035. The value of the market is expected to rise from $24,238,941,000 to $35,097,871,000, at a compound annual growth rate (CAGR) of 3.4%. This growth is based on the increasing demand for efficient and environmentally friendly outdoor power equipment, which is being met by a growing awareness of the environment and the use of electric-powered equipment. The need for landscape and maintenance services will also increase the penetration of the market. The rate of penetration will be very high, especially in suburban and urban areas where outdoor aesthetics are becoming increasingly important.
In the future, a series of technological developments, such as the development of battery-powered and robot-controlled outdoor equipment, will be able to change the landscape of the market. Longer battery life and faster charging time will make electric outdoor power tools a preferred choice for both households and businesses. The government's support for green technology and sustainable development will also encourage a shift from gasoline to electricity, which will also spur the market's development. The trend of smart equipment will also play an important role in improving the use of equipment and the efficiency of the production line, which will also help the market to develop steadily in the future.
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