Latin America Outdoor Power Equipment Market Size & Outlook
Latin America outdoor power equipment market, 2018-2030 (US$M)
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Latin America outdoor power equipment market highlights
- The Latin America outdoor power equipment market generated a revenue of USD 4,319.6 million in 2022.
- The market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
- In terms of segment, lawn mowers was the largest revenue generating equipment in 2022.
- Chainsaw is the most lucrative equipment segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 4,319.6 million |
| Market revenue in 2030 | USD 6,280.7 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Lawn mowers |
| Fastest growing segment | Chainsaw |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lawn Mowers, Chainsaw, Trimmers & Edger, Blower, Tillers & Cultivators, Snow Throwers |
| Key market players worldwide | Electrolux AB ADR, Makita Corp, Honda Motor Co Ltd ADR, Briggs & Stratton, Stanley Black & Decker, Techtronic Industries Co Ltd, Chervon Holdings Ltd, Robert Bosch Engineering & Business Solutions, The Toro Co, Deere & Co, Yamabiko Europe, STIHL, MTD Holdings, AL-KO KOBER Group, Ariens |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.9% of the global outdoor power equipment market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,941.8 million by 2030.
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Outdoor Power Equipment Market Scope
Outdoor Power Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America outdoor power equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to outdoor power equipment market will help companies and investors design strategic landscapes.
Lawn mowers was the largest segment with a revenue share of 40.56% in 2022. Horizon Databook has segmented the Latin America outdoor power equipment market based on lawn mowers, chainsaw, trimmers & edger, blower, tillers & cultivators, snow throwers covering the revenue growth of each sub-segment from 2018 to 2030.
Continued urbanization and infrastructure development in Latin America have led to a surge in landscaped areas, public parks, and residential gardens. As city administrations continue to prioritize aesthetically pleasing outdoor environments, the need for efficient outdoor power equipment, including lawnmowers, trimmers, and blowers, required to maintain and enhance green spaces is growing.
Unabated urbanization is particularly propelling the demand for reliable, high-performance power equipment. Besides, the diverse climate conditions across Latin America, spanning tropical to temperate zones, are leading to varied vegetation and landscaping needs. This climatic diversity is fueling the demand for outdoor power equipment suitable for different terrains and weather conditions.
To capitalize on this trend, manufacturers are offering a diverse product range tailored to the specific needs of each Latin American country, considering a myriad of factors, such as humidity, temperature, and vegetation types.
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Target buyers of Latin America outdoor power equipment market databook
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Our clientele includes a mix of outdoor power equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America outdoor power equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America outdoor power equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America outdoor power equipment market size, by country, 2018-2030 (US$M)
Latin America Outdoor Power Equipment Market Outlook Share, 2022 & 2030 (US$M)
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