Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 13 Billion | USD 22 Billion | 6.8% | 2023 |
The U.S. outdoor power equipment market size was evaluated at $13 billion in 2023 and is slated to hit $22 billion by the end of 2032 with a CAGR of nearly 6.8% between 2024 and 2032.
Outdoor power equipment is referred to as a range of machines and tools utilized for enhancing outdoor spaces including landscapes, gardens, and lawns. These devices can be driven by batteries, gas, and power supply and can also be used in commercial and residential applications. There are various kinds of outdoor power equipment such as snow blowers, lawn blowers, pressure washers, chainsaws, leaf blowers, and generators.
Technological innovations & use of smart sensors to prop up the market growth in the U.S. over 2024-2032
Breakthroughs in the battery systems and the use of GPS navigation, smart sensors, and remote control will spur the growth of the U.S. outdoor power equipment market in the years ahead. Escalating requirements for eco-friendly products and innovations in product design are likely to pave the way for humungous growth of the market in the U.S. Surging emphasis on longevity and strength of the equipment is predicted to spearhead the expansion of the market in the country. Moreover, a surging preference for gardening and landscaping with a surge in DIY activities has enhanced the demand for outdoor power devices, thereby proliferating the size of the market in the country.
High product costs as well as maintenance charges to put brakes on the industry surge in the U.S. by 2032
Huge preliminary prices along with a surge in the maintenance & repair costs are anticipated to hinder the growth of the U.S. outdoor power equipment industry. Strict laws governing fuel emissions can inhibit the expansion of the industry in the U.S. Tough competition between various firms has resulted in dynamic pricing of the product in the country, thereby impacting the industry growth in the U.S.
A surge in strong devices for commercial applications to open new growth avenues for the market in the U.S. by 2032
Integration of IoT systems for intelligent features including product maintenance alerts, remote sensing, and automated scheduling will prop up new growth avenues for the U.S. outdoor power equipment market. Moreover, the rise in the need for high-performing and durable equipment for commercial usage in huge ventures will spur the growth of the market in the country.
A surge in the costs of raw components can challenge the industry expansion in the U.S. over the forecast period
Supply chain disruptions resulting in raw material shortages and delays in equipment production can impede the growth of the U.S. outdoor power equipment industry. Economic downturns along with oscillations in the per capita income of the people in the country can retard the growth of the industry in the country.
Report Attributes | Report Details |
---|---|
Report Name | U.S. Outdoor Power Equipment Market |
Market Size in 2023 | USD 13 Billion |
Market Forecast in 2032 | USD 22 Billion |
Growth Rate | CAGR of 6.8% |
Number of Pages | 211 |
Key Companies Covered | DexKo Global Inc., Husqvarna AB, Stanley Black and Decker Inc., Briggs & Stratton Corp., ECHO Inc., Ariens Company, Deere & Company, Techtronic Industries Ltd., The Toro Company, Honda Motors Co. Ltd., MTD Holdings Inc., Robert Bosch, STIHL USA, Makita Corporation, and others. |
Segments Covered | By Type, By End-Use, By Power Source, and By Region |
Regions Covered in U.S. | Northeast, Midwest, South, and West |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The U.S. outdoor power equipment market is divided into type, end-use, power source, and region.
In terms of type, the U.S. outdoor power equipment market across the globe is divided into lawn movers, snow throwers, trimmers & edgers, blowers, chainsaws, and tillers & cultivators segments. Additionally, the lawn movers segment, which accumulated approximately three-fourths of the market earnings in 2023, is forecast to register the fastest CAGR during the assessment timeline can be due to the surging popularity of gardening in the U.S. Apart from this, an increase in the gardening competitions and an increase in the use of robotic lawn movers will propel the demand for lawn movers in the U.S.
Based on the end-use, the U.S. outdoor power equipment industry is divided into commercial and residential segments. Apparently, the residential segment, which accrued about 62% of the industry share in 2023, is set to dominate the segment in the U.S. in the upcoming years and this can be a result of the popularity of battery-driven equipment in the residential segment.
On the basis of power source, the U.S. outdoor power equipment market is sectored into gasoline, electric corded, and battery segments. Furthermore, the gasoline segment, which gathered nearly two-thirds of the market size in 2023, is likely to lead the segmental space in the country in the ensuing years and this can be attributed to the surging need for gasoline-powered devices in comparison to other devices.
The U.S. outdoor power equipment market profiles key players such as:
By Type
By End-Use
By Power Source
The U.S.
FrequentlyAsked Questions
Outdoor power equipment is referred to as a range of machines and tools utilized for enhancing outdoor spaces including landscapes, gardens, and lawns. These devices can be driven by batteries, gas, and power supply and can also be used in commercial and residential applications.
The U.S. outdoor power equipment market growth over the forecast period can be owing to escalating requirements for eco-friendly products and innovations in product design.
According to a study, the global U.S outdoor power equipment industry earnings were $13 billion in 2023 and is projected to reach $22 billion by the end of 2032.
The global U.S. outdoor power equipment market is anticipated to record a CAGR of nearly 6.8% from 2024 to 2032.
The U.S outdoor power equipment market is led by players such as DexKo Global Inc., Husqvarna AB, Stanley Black and Decker Inc., Briggs & Stratton Corp., ECHO, Inc., Ariens Company, Deere & Company, Techtronic Industries Ltd., The Toro Company, Honda Motors Co., Ltd., MTD Holdings Inc., Robert Bosch, STIHL USA, and Makita Corporation.
The U.S. outdoor power equipment market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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