Outdoor Power Equipment Market 2030 Forecast, Future Outlook, Share, Trends, Application
The global outdoor power equipment market was valued at USD 46.53 billion in 2021, and it is projected to grow significantly, reaching USD 76.61 billion by 2030 at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030. This anticipated growth can be largely attributed to a rising preference for cordless outdoor power equipment, as consumers seek products that provide greater portability and flexibility for various tasks. Cordless equipment has gained traction in recent years, particularly because it allows for easy maneuverability without the limitations of cords and cables. The market's expansion is also driven by factors like increasing urbanization, growing disposable incomes, and the steady rise of infrastructure projects, which fuel demand for outdoor power tools. Additionally, landscaping services are seeing heightened demand, as people increasingly invest in enhancing their outdoor spaces for both aesthetic and functional purposes. Environmental awar...