South Korea Outdoor Power Equipment Market Size & Outlook
South Korea outdoor power equipment market, 2018-2030 (US$M)
Related Markets
South Korea outdoor power equipment market highlights
- The South Korea outdoor power equipment market generated a revenue of USD 223.4 million in 2022 and is expected to reach USD 358.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.1% 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 223.4 million |
| Market revenue in 2030 | USD 358.6 million |
| Growth rate | 6.1% (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, South Korea accounted for 0.5% 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 Asia Pacific, China outdoor power equipment market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,786.1 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Outdoor Power Equipment Market Scope
Outdoor Power Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 40.73% in 2022. Horizon Databook has segmented the South Korea 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.
Consumers in South Korea prefer compact, foldable snow shovels that facilitate convenient storage in urban living environments. Compact shovels can be easily stored in smaller spaces, which is particularly crucial in densely populated areas. Thus, manufacturers in the country are focusing on developing compact and highly durable foldable snow shovels.
Reasons to subscribe to South Korea outdoor power equipment market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea outdoor power equipment market databook
-
Our clientele includes a mix of outdoor power equipment market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 South Korea outdoor power equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea outdoor power equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea outdoor power equipment market size, by equipment, 2018-2030 (US$M)
South Korea Outdoor Power Equipment Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
