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Editing: 17; Published: February 2022
Executive Pool: 8500
Companies: 248 – Players covered include Alamo Group, Inc.; Andreas Stihl AG & Co.; Blount International, Inc.; Briggs & Stratton Company; Simplicity Manufacturing, Inc.; Deere & Company; Emak SpA; Husqvarna AB; McCulloch Motors Corporation; Makita Corporation; MTD Products, Inc.; Robert Bosch GmbH; Stanley Black & Decker, Inc.; STIGA SpA; Castelgarden SpA; Techtronic Industries Co.Ltd. ; The Ariens Company; The Toro Company and others.
Blanket: All major geographies and key segments
segments: Product segment (outdoor gas grills, electric walk-behind mowers, trimmers/brushcutters, outdoor charcoal grills, chainsaws, portable leaf blowers, front-engine ride-on mowers and lawn tractors , insect killers, other product segments)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.
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Global Powered Outdoor Equipment Market to Reach 136.6 Million Units by 2026
Powered Outdoor Equipment (POE) or Outdoor Power Equipment are tools powered by a motor and used for outdoor activities such as garden cleaning, snow removal, soil mixing to aid drainage, aeration and plant growth, lawn mowing, wood cutting and trimming among others. Gardening is widely adopted as a hobby due to its growing benefits in sustaining real estate prices, thereby driving the growth of the outdoor power equipment market. Some of the innovative and exciting possibilities that are expected to make inroads into the market in the future include innovative, robust and compact lawn motors; use of renewable energy sources; as well as a range of small capacity motors. Additionally, robust DIY trends along with growing interest in organic gardening are likely to drive the overall outdoor power equipment market globally. Some of the major factors fueling the growth of the outdoor power equipment market include increasing adoption and usage of battery-powered outdoor power equipment for gardening activities and lawn care; increased demand for high quality real estate; increased demand for outdoor electrical equipment; increased homeowner interest in gardening-related activities; the growing importance and emphasis on aesthetics; and increased demand for landscaping services.
Amid the COVID-19 crisis, the global power outdoor equipment market estimated at 115 million units in 2022 is expected to reach a revised size of 136.6 million units by 2026, with a growing at a CAGR of 4.1% over the analysis period. Outdoor gas grills, one of the segments analyzed in the report, is expected to register a CAGR of 4.3% and reach 36.7 million units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of the electric walk-behind mower segment is readjusted at a revised CAGR of 4.6% for the next 7-year period.
The US market is estimated at 45.5 million units in 2022, while China is expected to reach 14.6 million units by 2026
The motorized outdoor equipment market in the United States is estimated at 45.5 million units in 2022. China, the world’s second largest economy, is expected to reach a projected market size of 14.6 million units by 2026 growing at a CAGR of 5.6% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 2.9% and 3.6% respectively over the analysis period. In Europe, Germany is expected to grow at around 3.3% CAGR. The growing importance of gardening as a recreational activity or hobby, the zeal to develop gardens in homes, as well as the desire to improve aesthetics through beautiful, well-kept lawns and gardens continue to support the purchase of new exterior appliances. Additionally, the convenience of using backyard gardens as the perfect option for hosting barbecue parties, camping, and a recreation center is fueling interest in maintaining and upgrading gardens.
Trimmer/Brushcutter segment to reach 19 million units by 2026
Mowers are typically used in lawns and gardens to cut weeds or woody material. The clippers allow easy handling and precise action, where clippers cannot be reached. Applications include trimming and edging around walkways, walkways and flower beds; and prune above-ground plants, such as hedges, bushes and shrubs. Brushcutters are also called power edgers and include a metal blade instead of a nylon string to do tough, rough jobs like cutting thick woody weeds and brush. In the global Lawn Mowers/Brushcutters segment, United States, Canada, Japan, China and Europe will drive the CAGR of 4.2% estimated for this segment. These regional markets representing a combined market size of 12.4 million units will reach a projected size of 16.5 million units by the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific is expected to reach 2.2 million units by 2026, while Latin America will grow at a CAGR of 3.2% over the analysis period. Continued
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