Global Smart Outdoor Power Equipment Market Research Report 2020-2029

Global Smart Outdoor Power Equipment Market Research Report 2020-2029

The global smart outdoor power equipment market is expected to grow at a CAGR of 5.36% from 2023 to 2029.

The market has been experiencing significant growth, driven by the increasing demand for connected and automated solutions in both residential and commercial sectors. Integrating advanced technologies, such as Wi-Fi connectivity, Bluetooth, and IoT, into traditional outdoor power equipment has revolutionized the industry, offering enhanced convenience, efficiency, and user control. Consumers are increasingly seeking smart features that allow remote operation, real-time monitoring, and predictive maintenance, fueling the adoption of these innovative products.

MARKET TRENDS & DRIVERS

Industry 4.0 & Smart Precision Manufacturing

Industry 4.0 and smart precision manufacturing are pivotal in transforming the smart outdoor power equipment market. The evolution of industrial automation architectures, characterized by advanced technologies like the Internet of Things (IoT), AI, and robotics, has led to more efficient, responsive, and flexible manufacturing processes. These developments have directly influenced the production of cordless and connected smart outdoor power equipment, such as robotic lawnmowers and other automated tools, which are becoming increasingly sophisticated with features like GPS tracking and home automation integration.

Expanding rental services also drives the growing demand for such smart equipment. As technological advancements accelerate, consumers and businesses are more inclined to rent the latest equipment, thus staying at the cutting edge without significant financial commitment. This trend aligns with a broader awareness of environmental sustainability and the benefits of accessing the newest innovations without the burdens of ownership. Also, regional trends further highlight the market's growth, particularly in North America and Europe, where urbanization and outdoor leisure activities drive the shift toward electric and battery-powered tools. These regions are also leading in adopting sustainable practices, with stringent environmental regulations pushing the demand for smart outdoor power and more efficient equipment.

Growing Adoption of Smart Outdoor Power Equipment

Smart outdoor power equipment adoption has rapidly increased across various industries due to their ability to enhance productivity, precision, and efficiency. Smart outdoor power equipment offers several advantages over traditional hand equipment, including increased speed, precision, and efficiency. They can also help reduce operator fatigue, increase productivity, and improve work quality. The popularity of smart outdoor power equipment has grown significantly in recent years as manufacturers have introduced new models with improved features and functionality. Consumers are also increasingly interested in DIY projects, home renovation, and woodworking, further boosting the smart outdoor power equipment market.

Rise in Residential Improvement & DIY Projects

Most adults indulge in creative and purposeful leisure activities in some developed North American and European economies. Some consumers also invest in home improvement and maintenance activities based on their interests. This concept is gaining momentum in developing economies such as India, Brazil, and South Africa. Consumers in the residential sector often undertake repair and enhancement activities that improve their skills and prove cost-efficient. Furthermore, hypermarkets, supermarkets, and other specialty stores such as Home Depot offer more DIY products and drive the market for DIY equipment, eventually increasing the smart outdoor power equipment market. Also, manufacturers are creating smart outdoor power equipment with user-friendly features that attract DIY users, such as lawnmowers, leaf blowers, chainsaws, hedge trimmers, etc. The growth of DIY activities is estimated to propel the growth of the cordless smart outdoor power equipment market. Cordless models provide greater convenience and portability, which makes them suitable for DIY users who may not have readily available power outlets in their work areas. The market provides DIY users with an extensive range of cordless smart outdoor power equipment with varying feature sets and power outputs.

SEGMENTATION INSIGHTS

INSIGHTS BY PRODUCT TYPE

The global smart outdoor power equipment market by product type is segmented into lawn mowers, chainsaws, snow blowers and throwers, tillers & cultivators, trimmers & edgers, leaf blowers, and others. The lawn mower segment within the smart outdoor power equipment market is experiencing significant growth and holds the largest segment share due to several factors. One key driver is the increasing demand for smart and automated lawn care solutions, driven by homeowners' rising preference for convenient and efficient lawn maintenance. With technological advancements, smart lawnmowers with features like GPS navigation, automated mowing schedules, and smartphone connectivity are becoming more popular, allowing users to maintain their lawns with minimal effort. Additionally, the growing trend toward sustainable landscaping practices is boosting the adoption of battery-powered and electric lawnmowers, which are quieter and more environmentally friendly than traditional gas-powered models. The integration of smart technologies in lawnmowers not only enhances user convenience but also improves the precision and efficiency of lawn care, further fueling the growth of this segment.

Segmentation by Product Type

• Lawn Mowers
• Chainsaws
• Snow Blowers and Throwers
• Tillers & Cultivators
• Trimmers & Edgers
• Leaf Blowers
• Others

INSIGHTS BY POWER SOURCE

The global smart outdoor power equipment market by power source is segmented into battery-powered equipment, electric equipment, internal combustion engine, and others. The battery-powered equipment power source segment is expected to be the largest revenue segment of the global market in 2023. The segment is fueled by several factors, including the ongoing shift towards sustainable and eco-friendly solutions, advancements in battery technology, and increasing consumer demand for quieter, more efficient power tools. As environmental regulations become more stringent and awareness of carbon emissions grows, consumers and commercial users gravitate towards battery-powered options that offer reduced noise, zero emissions, and lower operating costs than traditional gas-powered equipment.

Furthermore, new product development is also a key driver of this segment's growth. Manufacturers are heavily investing in research and development to introduce innovative battery-powered tools with enhanced features such as longer runtimes, faster charging, and smart connectivity options. These advancements make battery-powered equipment more appealing to a broader audience, including those who may have previously relied on internal combustion engines for their outdoor power needs. Regional growth is another significant factor contributing to the segment's dominance. In developed markets like North America and Europe, a strong consumer preference for environmentally friendly products is bolstered by supportive government policies and incentives for adopting green technologies.

Segmentation by Power Source

• Battery-Powered Equipment
• Electric Equipment
• Internal Combustion Engine
• Others

INSIGHTS BY CONNECTIVITY

The global smart outdoor power equipment market by connectivity type is segmented into Wi-Fi, Bluetooth, cellular, and others. Based on connectivity, the Wi-Fi-connected segment is expected to be the largest revenue segment of the global market. Wi-Fi-connected smart outdoor power equipment represents a transformative approach in the power tool industry, integrating advanced connectivity features that allow users to manage and monitor their equipment remotely. This equipment category leverages wireless technology to enhance convenience, efficiency, and control, making it an essential component of modern outdoor power tools. This connectivity enables features such as remote operation, real-time monitoring, performance tracking, and firmware updates, significantly improving the user experience and extending the functionality of the equipment.

Segmentation by Connectivity Type

• Wi-Fi Connected
• Bluetooth Connected
• Cellular Connected
• Others

INSIGHTS BY END-USER

The residential end-user holds the most prominent share of the global smart outdoor power equipment market. The segment growth is driven by the increasing adoption of smart home technologies and the rising demand for convenient, automated solutions among homeowners. As more consumers seek to enhance their outdoor spaces with smart, connected devices, the demand for smart lawnmowers, trimmers, blowers, and other outdoor power tools has surged. These tools offer the convenience of remote control, scheduling, and real-time monitoring, making yard maintenance easier and more efficient. Additionally, the growing trend towards home improvement, especially during and post-pandemic, has led many homeowners to invest in smart outdoor power equipment to enhance their property's aesthetics and functionality. The ease of integration with existing smart home ecosystems further propels the adoption of these products in the residential sector. Moreover, as residential consumers become more environmentally conscious, the preference for battery-powered, energy-efficient smart equipment is also rising, contributing to the segment's dominance in the global smart outdoor power equipment market.

Segmentation by End-user

• Residential
• Commercial
• Industrial
• Others

GEOGRAPHICAL ANALYSIS

North America dominated the global smart outdoor power equipment market, accounting for a share of over 36% in 2023. The region is home to many recognized players and has a high level of technological improvement. The market is driven by consumer demand for advanced products and services, and there is a substantial investment in R&D to support this demand. Also, with fossil fuels dominating the residential building sector in the U.S., the opportunity for growth in smart outdoor power equipment remains evident in the region. North America is home to several large industries, including automobile, construction, aerospace, electronics, and packaging. With advances in Li-ion battery technology, the North American cordless smart outdoor power equipment industry is expected to witness high growth with a substantial surge in demand for battery-related equipment equipment.

The European smart outdoor power equipment market is similar to North America in terms of its maturity and high-tech innovation. The region has a highly competitive market, with many established players comparing for market share. The market is also highly regulated, with rigorous product safety and quality standards. Major factors spiking the sales of smart outdoor power equipment in Europe are rising average construction spending, increasing retail building construction projects, rising government spending on sustainable building development, industrial developments, and rapid urbanization. Also, APAC emerges as a vibrant and rapidly evolving smart outdoor power equipment market, propelled by its diverse economies, burgeoning urbanization, and expanding commercial sectors. Countries like China, India, and Southeast Asian Nations are witnessing rapid economic growth. This economic development leads to increased investments in infrastructure, construction, and manufacturing, driving the demand for smart outdoor power equipment.

Segmentation by Geography

• North America
• US
• Canada
• APAC
• China
• Japan
• India
• Australia
• South Korea
• Indonesia
• Malaysia
• Rest of APAC
• Europe
• Germany
• France
• Russia
• UK
• Norway
• Denmark
• Italy
• Poland
• Spain
• Rest of Europe
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• Saudi Arabia
• UAE
• Saudi Africa
• Rest of Middle East & Africa

COMPETITIVE LANDSCAPE

The global smart outdoor power equipment market is moderately fragmented and is dominated by vendors such as Stanley Black & Decker, Bosch, and TTI. These major vendors have a global presence in the three major regions of North America, APAC, and Europe. The market competition is expected to intensify further with increased product extensions, technological innovation growth, and mergers and acquisitions. Further, with the growth in DIY culture and the demand for more user-friendly equipment, vendors are customizing their equipment for home improvement activities. Consequently, smart outdoor power equipment from TTI and Stanley is designed for DIY enthusiasts. They are more compact, lightweight, and affordable that support multiple activities. Hence, vendors can afford more smart outdoor power equipment with rechargeable batteries under the DIY product ranges, which are expected to be in the limelight throughout the forecast period.

The key players in the global smart outdoor power equipment market are Honda Motor Co., Ltd., Husqvarna Group, Robert Bosch, Deere & Company, Stanley Black & Decker, The Toro Company, Techtronic Industries TTI, MAKITA, Hilti, Ariens Company (AriensCo), Briggs & Stratton, Fortive, and Positec. Furthermore, vendors manufacture smart outdoor power equipment with innovative product specifications to capture consumer interest and improve user convenience. Users expect smart outdoor power equipment to be more lightweight and compact yet powerful, with a wide range of customizations. Global brands are introducing features, such as longer operation duration. Thus, global and domestic leaders' constant incorporation of technological innovations in products is expected to intensify the competition among manufacturers.

Key Company Profiles

• Honda Motor Co., Ltd.
• Husqvarna Group
• Robert Bosch
• Deere & Company
• Stanley Black & Decker
• The Toro Company
• Techtronic Industries TTI
• MAKITA
• Hilti
• Ariens Company (AriensCo)
• Briggs & Stratton
• Fortive
• Positec

Other Prominent Vendors

• CHERVON
• Fein
• Einhell
• Emak Group
• Generac Power Systems
• Greenworks Equipment
• Masport
• Snow Joe
• STIHL
• STIGA Group
• SUMEC Group
• WEN Products
• Milwaukee Equipment
• Hitachi, Ltd
• Ryobi
• Snap-on
• Metabo
• Kärcher
• Würth Group
• Wacker Neuson Group
• Mafell AG
• Yamabiko Corporation
• Pferd
• AIMCO
• FESTOOL
• CS Unitec
• DYNABRADE
• Blount
• KYOCERA
• INTERSKOL
• Panasonic
• URYU SEISAKU
• Atlas Copco
• Ingersoll Rand
• Emerson
• Ridgid
• Skil
• CRAFTSMAN
• PORTER-CABLE
• Diablo Equipment
• Kobalt
• Dremel
• Proxxon
• Parkside
• Chicago Pneumatic
• Matco Equipment
• Cornwell Quality Tools
• SENCO
• Paslode
• Worx

KEY QUESTIONS ANSWERED:

1. How big is the global smart outdoor power equipment market?

2. What is the growth rate of the global smart outdoor power equipment market?

3. Which region dominates the global smart outdoor power equipment market share?

4. What are the significant trends in the smart outdoor power equipment market?

5. Who are the key players in the global smart outdoor power equipment market?