What’s Included in the Outdoor Power Equipment Valuation Guide?

The official equipment valuation guide for North American manufacturers, dealers, and lenders, Outdoor Power Equipment, provides valuations on 11 types of power equipment. Print versions include four options per page; the online version includes fifteen options per page. Both versions offer the same detailed values, but have different price ranges. It is a good reference for financing outdoor power equipment, and is available both online and in print. In this article, we’ll take a closer look at what’s included and why.

Cost of Maintenance of Outdoor Power Equipment

If you are a homeowner, you will be surprised to learn that outdoor power equipment requires regular maintenance. These types of tools require oiling, sharpening, and other repairs to keep them in working condition. Many consumers in emerging economies don’t want to pay for these services. And since maintenance costs are an ongoing expense, the cost of ownership of these devices can increase dramatically. This article will explore how outdoor power equipment maintenance can affect the cost of ownership.

Several companies produce outdoor power equipment, including Husqvarna of Sweden, Deere & Company in the U.S., Honda Motor Co., Ltd., Blount International, Inc., and The Toro Company in the United States. Other companies include STIHL Holding AG & Co. KG, Stanley Black & Decker Inc., and MTD Products. In addition to these companies, you can find many smaller companies in the market.

Commercial and residential landscaping activities require a variety of outdoor power equipment. They include lawn mowers, hedge trimmers, blowers, saws, and more. Growing interest in lawn care and landscaping among homeowners is driving the market for outdoor power equipment. Golf courses, for example, are increasingly using these tools. Increasing numbers of people are choosing to live in homes with beautiful gardens. And with the growing popularity of lawn-care and golf courses, the market is expected to continue to expand in the coming years.

Among the many factors affecting the cost of maintenance of outdoor power equipment, the type of equipment that you purchase is essential to its effectiveness. Larger, wheeled equipment may require more repairs, and the cost per hour will increase accordingly. However, the overall cost of maintenance may go down by only a few dollars, despite the lower initial purchase price. And despite the initial price tag, the headaches associated with maintaining older equipment can outweigh any savings.

Gasoline Powered Equipment Dominates Market Segment

Although gasoline powered outdoor power equipment is still the largest segment, battery and electric powered models are gaining ground. As consumer disposable income increases, demand for outdoor power equipment is projected to increase. Battery powered equipment is less noisy and consumes less gasoline. This trend will likely continue to grow in the near future. Battery and electric outdoor power equipment is becoming increasingly popular and policymakers are taking notice. Here are some of the factors driving the growth of battery and electric powered outdoor power equipment:

The outdoor power equipment market is divided into two main segments: residential and commercial. The residential market is expected to grow at a steady rate over the forecast period, led by an increasing number of households with disposable income to spend on recreational activities, landscape maintenance, and durable goods. Additionally, the shortage of labor is driving the increased use of automated outdoor power equipment, while higher consumer awareness has led to a steady increase in product sales.

Fuel powered outdoor power equipment dominates the market. These machines are easy to start and run, and provide consistent power. They are used primarily in deforestation activities and wood clearing. Increasing popularity of turf sports and robotic outdoor products are likely to spur demand for these machines. And, while the market for gasoline powered outdoor power equipment is expected to grow over the next few years, there is still plenty of room for growth in the market.

E-commerce has also had a significant impact on the outdoor power equipment industry. While consumers have traditionally purchased outdoor power equipment through retail outlets, many now prefer to purchase their products online. The growth of online retail outlets will accelerate as various sales divisions improve their offerings. Further, gasoline powered outdoor power equipment is the most affordable option for homeowners. So, whether you are looking for a lawn mower or a string trimmer, there is something for you.

The global outdoor power equipment market is moderately fragmented. Major players operate on global and regional levels. They engage in strategic alliances and product development to expand their product portfolios and gain a firm foothold in the global market. Key companies in the outdoor power equipment market include Deere & Co., Husqvarna, Makita, Stanley Black & Decker, and STIHL Group.

Electric Powered Equipment is Gaining Traction

While gas-powered tools have traditionally dominated the outdoor power equipment market, electric-powered versions are gaining traction in a variety of markets, from landscaping to lawn care. While sales of gasoline-powered outdoor power equipment are flat this year, analysts expect double-digit growth in electric versions over the next few years. Market size for electric outdoor power equipment is projected to hit USD 7 trillion in the short term and 17.2 percent of GDP by 2021.

As environmental concerns become a pressing issue, electric-powered tools are becoming increasingly popular. Gas-powered equipment produces emissions and requires manual labor that limits the hours a landscaper can operate. Electric tools offer a cleaner and quieter alternative, and landscapers are recognizing that they can offer more flexible business hours than gas-powered equipment. Manufacturers are recognizing this trend and are acquiring companies that produce battery-powered tools.

Two early entrants in the cordless electric OPE market include Makita and Techtronic, although they’re facing stiff competition from the likes of John Deere and Chinese manufacturers that are battery-native. Public outcry over the combustion engine-based two-stroke engines has changed the direction of the industry, with more electric tools focused on higher power and longer battery life. But with a lack of consumer interest in gas-powered models, non-electric models are gaining traction in the market.

Key players in the outdoor power equipment market include Briggs & Stratton Corporation, Ariens Company, Stanley Black & Decker, Inc., and Husqvarna AB. Other leading companies include Ariens Company, Yamabiko Corporation, and Schiller Ground Care. Further, the market report covers analysis of more than 30 countries and the competitive landscape. The report also includes Porter’s five-force model, attractiveness of the market, competitive position grid, and marketing channels.

Commercial Applications of Outdoor Power Equipment

The market for outdoor power equipment is divided into different segments based on their functions. The residential/DIY segment is expected to hold the largest market share by 2026. End users in this segment include homeowners and do-it-yourself enthusiasts. North American and European markets have a longstanding culture of lawn and garden care and are expected to continue growing across other regions. Electrification is an important industrial trend in landscaping equipment. It helps meet the growing demands of customers while reducing environmental impact.

The COVID-19 pandemic affected the outdoor power equipment market globally. However, after the pandemic hit the US, the industry experienced a consistent revival. In addition, the U.S. accounted for a large share of the market in 2021. Moreover, the growth of the market is primarily being driven by the residential/DIY segment. With the increasing demand for outdoor power equipment, the market is expected to grow at a healthy rate.

Among the different regional markets, the Asia Pacific region is expected to grow at the fastest pace. Increased investment in infrastructure and residential areas will drive demand for outdoor power equipment. The Japan-based manufacturers are Honda, Kawasaki, and Fuji Heavy Industries, among others. The Asian pacific region is expected to grow at the highest CAGR, driven by its growing urbanization. The report also focuses on the competitive position grid and distribution and marketing channels in this region.

Technological advancements in outdoor power equipment are driving demand. As consumer demands for smarter and more advanced products increase, manufacturers are focusing on the development of connected equipment. Connectivity through the internet of things (IoT) and wireless connectivity is increasing the number of options available to the market. Key players are launching smart outdoor power equipment to cater to these requirements. The John Deere JDLink program is a leading example of this initiative.

Residential users have traditionally held the most prominent position in the market. Commercial users are also increasingly using outdoor power equipment for landscaping. Increasing awareness about lawn care and landscaping has driven a surge in demand for battery-powered outdoor power equipment. Moreover, the increasing demand for professional landscaping services will further spur growth in the market for outdoor power equipment. In addition to the residential sector, the outdoor power equipment market will also benefit from the rise in the construction and landscaping industry.