Structure of the Outdoor Power Equipment Market, Key Trends, and Insights on Leading Players

The outdoor power equipment sector is gearing up for consistent expansion over the coming years as advancements in technology and shifting consumer preferences reshape the industry. From smarter tools to more efficient designs, this market is set to evolve significantly by 2030. Below is a detailed overview of its projected growth, influential companies, current trends, and key segments.

Projected Market Value and Growth Trajectory for Outdoor Power Equipment
The outdoor power equipment market is projected to grow steadily, reaching a value of $34.04 billion by 2030, with a compound annual growth rate (CAGR) of 3.9%. This expansion is driven by a growing shift towards electric-powered machinery, increased adoption of autonomous mowing systems, the rise of intelligent landscaping solutions, heightened investments in commercial landscaping, and the innovation of lightweight, energy-efficient motors. Dominant trends expected during this period include widespread use of smart battery-operated tools, integration of semi-autonomous landscaping technologies, the emergence of IoT-enabled maintenance devices, growth in electric garden and turf equipment, and advancements in connected lawn and snow care products.

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Key Players Influencing the Outdoor Power Equipment Market
Several prominent companies are leading this market, including Briggs & Stratton Corporation, Deere & Company, Honda Motor Co. Ltd., The Husqvarna Group, Makita Corporation, Yamabiko Corporation, STIHL AG & Co. KG, Techtronic Industries Company Ltd., The Toro Company, Andreas Stihl AG & Co. KG, AriensCo, Oregon Tool Inc., Snow Joe LLC., Craftsman, Positec Tool Corporation, AL-Ko Kober Group, Excel Industries Inc., MTD Holdings Inc., Stanley Black and Decker Inc., Robert Bosch GmbH, Greenworks Tools, EGO Power Plus, Ryobi Limited, Snapper Inc., Troy-Bilt LLC., Remington Arms Company LLC., and Swisher Acquisition Inc.

Strategic Acquisition Expands Market Reach
In a notable move during November 2023, United Ag & Turf, a U.S.-based operator of John Deere Ag & Turf dealerships, acquired Chad Little Outdoor Power Equipment for an undisclosed amount. This acquisition aims to broaden United Ag & Turf's footprint in Maine and enhance its portfolio of agricultural and turf equipment. Chad Little Outdoor Power Equipment is recognized as a John Deere dealership specializing in outdoor power solutions within the United States.

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Emerging Trends and Innovations Shaping the Industry
Manufacturers and major players are increasingly focusing on smart automation technology to differentiate themselves in the competitive outdoor power equipment market. Satellite-guided robotic mowers, for example, are gaining traction as they autonomously navigate and maintain turf using embedded sensors and connectivity features. An illustrative case is Kress Commercial, a U.S.-based professional landscaping tool maker, which in August 2023 unveiled its Mission RTKn robotic mowers. These models incorporate RTKn satellite positioning that eliminates the need for boundary wires, a regenerative braking system to extend battery life, and obstacle avoidance for uninterrupted performance. This shift toward automation improves efficiency, reduces manual labor, and supports environmentally cleaner operations, although it also involves higher initial costs and requires advanced technical servicing.

Detailed Segmentation of the Outdoor Power Equipment Market
The report categorizes the outdoor power equipment market into the following primary segments:

By Equipment Type:
- Trimmers and Edgers
- Lawn Mowers
- Blowers
- Tillers and Cultivators
- Snow Throwers
- Other Equipment Types

By Power Source:
- Fuel Powered
- Electric Powered

By Application:
- Residential
- Commercial

Further subcategories include:

Trimmers and Edgers: String Trimmers, Edgers, Brush Cutters
Lawn Mowers: Push Lawn Mowers, Self-Propelled Lawn Mowers, Riding Lawn Mowers, Robotic Lawn Mowers
Blowers: Handheld Leaf Blowers, Backpack Leaf Blowers, Walk-Behind Leaf Blowers
Tillers and Cultivators: Gas-Powered Tillers, Electric Tillers, Manual Cultivators
Snow Throwers: Single-Stage, Two-Stage, and Three-Stage Snow Throwers
Other Equipment Types: Chainsaws, Pressure Washers, Hedge Trimmers, Garden Sprayers

This comprehensive segmentation highlights the diversity of products and power sources available, reflecting the wide-ranging needs across residential and commercial landscapes alike.

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This release was published on openPR.