• The global market size of Outdoor Power Equipment Market (OPE) is estimated to be $22.3 billion in 2019 and predicted to reach $26.1 billion by 2024 while expanding at a CAGR of 3.2%.
• According to projections, lawn mowers will account for the largest share of the OPE market during the forecast period.
• One trend around outdoor power equipment (OPE) is the use of autonomous products like robotic lawn mowers.
• One of the key drivers of the robotic lawn mower trend is the increased awareness and acceptance of technology.
• An example of such a product is the Honda Miimo.
• Another trend that was identified in 2018 and projected to continue through the forecast period (2016-2012) was about increasing sales of battery-powered equipment.
• According to the report by Market Research, battery-powered systems are popular because they are quieter and more environmentally friendly.
• As such, environmental friendliness if one of the critical factors that influence purchase decisions of outdoor power equipment.

Summary

• During the initial research, we scanned through various sources and retrieved some insights into trends around outdoor power equipment (OPE).
• Even so, due to time restrictions, we could not get additional information.
• As such, additional hours will allow the team ample time to research and find more trends and factors that influence the purchase decision OPE.
• Please choose one or more of the proposed next steps in the scoping section below.