About North American outdoor power brand
Looking across the past four years, Ryobi has maintained their place as the top outdoor power equipment brand, winning 11.4% of the market (in units sold) as of June 2023. Additionally, Ryobi also leads other brands in dollar share at 9.6%, with no significant changes year-over-year.
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About North American outdoor power brand video introduction
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6 FAQs about [North American outdoor power brand]
Who makes outdoor power equipment?
Honda Motors Co. Ltd, Husqvarna AB, Makita Corp, Robert Bosch, Techtronic Industries Ltd., Yamabiko Corporation, and AL-KO Kober Group, are some of the major outdoor power equipment companies worldwide. What is the size of the North America outdoor power equipment market?
What are the major drivers for outdoor power equipment market?
Rising interest in gardening activities and increasing demand for landscaping services and increasing use of battery-powered outdoor power equipment for lawn maintenance are acting as major drivers for the outdoor power equipment market. By Equipment Type, Lawn Mowers segment is expected to hold the largest market share in 2024.
Which country has the largest outdoor power equipment market in 2023?
North America accounted for a significant share of the global outdoor power equipment market in 2023 with a revenue share of over 37%. Urbanization is on the rise and a mounting trend toward outdoor leisure activities have boosted the demand for landscaping & gardening tools including mowers, trimmers, and blowers.
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.
How big is the outdoor power equipment market?
The outdoor power equipment market size was valued at over USD 34 billion in 2023 and is estimated to register a CAGR of over 5.5% between 2024 & 2032, driven by increase in demand for landscape and gardening services.
What drives the outdoor power equipment market?
The outdoor power equipment market is driven by the rapid growth of construction industry. With global surge in construction activities, outdoor power equipment like landscaping tools, compact utility loaders and portable generators are also increasingly demanded by people.
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