What is the global outdoor power equipment market size?
The global outdoor power equipment market size was estimated at USD 53.42 billion in 2024 and is projected to grow at a CAGR of 6.3% from 2025 to 2030. The market growth can be ascribed to the increasing demand for cordless outdoor power equipment as people are more inclined toward greater flexibility and portability.
Why is the North America outdoor power equipment market growing?
The North America outdoor power equipment industry accounted for 35.28% of the global overall market share in 2024. The regional market’s growth is attributed to North America’s larger geographical area compared to its population, which leads to more gardens and lawns in the region.
What is the market outlook for the outdoor power equipment market?
The lawn mowers segment is expected to account for the largest share of the outdoor power equipment market during the forecast period, primarly due to its essential function in lawn maintenance and garden care. With an increasing focus on outdoor activities and gardening, there is a growing demand for outdoor power equipment.
Which region holds the largest share of the outdoor power equipment market?
ASIA PACIFIC region holds the largest share of the outdoor power equipment market. Asia Pacific is expected to grow at the higher CAGR in the outdoor power equipment market throughout the forecast period.
What factors influence the outdoor power equipment market?
The rising interest in gardening activities and increasing demand for landscaping services, increasing use of battery-powered outdoor power equipment for lawn maintenance, and rapid growth in construction sector all significantly influence the dynamics of the outdoor power equipment market.
Which country has the largest outdoor power equipment market in 2023?
The U.S. accounted for 25.33% of the revenue share in the global outdoor power equipment market in 2023. The country is witnessing a shift towards greener and more efficient offerings to comply with government regulations and lower the emissions caused by conventional gas-powered equipment.
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STATE OF THE OUTDOOR MARKET
The outdoor economy is strong, with $862 billion in gross economic output, 4.5 million jobs, and 54% of the population participating. The outdoor economy produces 1.9% of the total U.S. GDP and puts the outdoor industry on even footing with well-recognized industries including mining and utilities. The economic
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