Mexico Outdoor Power Equipment Market Size & Outlook
Mexico outdoor power equipment market, 2018-2030 (US$M)
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Mexico outdoor power equipment market highlights
- The Mexico outdoor power equipment market generated a revenue of USD 983.1 million in 2022 and is expected to reach USD 1,486.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.3% 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.
Outdoor power equipment market data book summary
| Market revenue in 2022 | USD 983.1 million |
| Market revenue in 2030 | USD 1,486.9 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Lawn mowers |
| Fastest growing segment | Chainsaw |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Mexico accounted for 2.0% of the global outdoor power equipment market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil outdoor power equipment market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 1,486.9 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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Mexico 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 40.6% in 2022. Horizon Databook has segmented the Mexico 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 suburban expansion in Mexico are leading to an unabated development of residential properties with landscaped gardens and green spaces. This demographic shift has triggered the demand for hedge trimmers among homeowners and landscaping professionals to meet the essential needs of maintaining and enhancing outdoor areas.
The cultural emphasis on aesthetics and outdoor spaces prevalent in Mexico is also driving the demand for well-maintained hedges and landscapes. The cultural significance of the visual appeal of properties, both residential and commercial, is fueling a consistent demand for hedge trimmers as property owners opt for hedge trimming tools to develop and maintain attractive green spaces.
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Target buyers of Mexico 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 country-level data and insights on the Mexico outdoor power equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico outdoor power equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico outdoor power equipment market size, by equipment, 2018-2030 (US$M)
Mexico Outdoor Power Equipment Market Outlook Share, 2022 & 2030 (US$M)
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