Outdoor Power Equipment Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to outdoor power equipment market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Outdoor Power Equipment Market News

in Outdoor Power Equipment Market

  • In January 2025, private investment firm Strategic Value Partners (SVP) completed the acquisition of Revelyst, the outdoor products business spun off from Vista Outdoor. This acquisition signals SVP’s strong interest in expanding its footprint in the outdoor power equipment and gear market. Leveraging Revelyst’s established brands and broad product lineup, SVP plans to invest in growth initiatives, product innovation, and market expansion. This acquisition is expected to bolster Revelyst’s competitive position while providing SVP with a robust platform to capitalize on the increasing consumer interest in outdoor activities and sustainable outdoor solutions.
  • In June 2024, Husqvarna Group, a global leader in outdoor power equipment, announced the acquisition of ETWater, a company specializing in smart irrigation management technologies. This strategic move marks Husqvarna’s commitment to integrating advanced digital solutions with traditional outdoor equipment. By incorporating ETWater’s cloud-based irrigation system, Husqvarna aims to provide eco-friendly, automated watering solutions that optimize water use and improve efficiency for landscaping and agricultural customers.
  • In November 2024, Vista Outdoor completed the spin-off of its outdoor products division, launching Revelyst as an independent publicly traded company. This strategic separation allows Vista Outdoor to sharpen its focus on the shooting sports segment, while Revelyst concentrates exclusively on the outdoor products market, including well-known brands such as Bell, Giro, and Blackburn. By creating Revelyst, the company aims to unlock shareholder value and provide the newly formed entity with the agility and resources needed to innovate and compete in the outdoor gear and equipment industry.

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Global Outdoor Power Equipment Market size was valued at USD 49.26 Billion in 2023 and is poised to grow from USD 52.17 Billion in 2024 to USD 81.13 Billion by 2032, growing at a CAGR of 5.9% in the forecast period (2025-2032).

The competitive landscape of the global outdoor power equipment industry in 2024 is characterized by intense rivalry among well-established global players focusing on innovation, sustainability, and strategic partnerships to maintain and expand their market shares. Leading companies such as Husqvarna Group, Stihl, and Deere & Company are investing heavily in electric and battery-powered equipment to cater to the growing demand for eco-friendly and noise-reduced solutions. 'Husqvarna Group', 'Stihl Group', 'Strategic Value Partners (SVP)', 'Vista Outdoor', 'Deere & Company', 'Honda Motor Co., Ltd.', 'Toro Company', 'Briggs & Stratton Corporation', 'Ariens Company', 'MTD Products Inc.', 'Black & Decker (Stanley Black & Decker)', 'Kubota Corporation', 'Greenworks Tools', 'Ryobi'

Environmental awareness among consumers and regulatory pressures have significantly increased the demand for electric and battery-operated outdoor power equipment. In 2024, companies like EGO Power+ have expanded their battery-powered product portfolios, offering high-performance cordless lawn mowers, trimmers, and blowers that provide comparable power to traditional gas models but with zero emissions and reduced noise pollution. This shift supports sustainability goals and aligns with stricter environmental regulations globally, making eco-friendly products a key growth driver in the market.

Rise of Autonomous and Robotic Equipment: Automation is becoming a dominant market trend as consumers and professionals seek labor-saving solutions. Leading manufacturers like John Deere have launched autonomous lawn care and landscaping robots in 2024 that can navigate complex yard layouts and perform tasks like mowing and leaf removal with minimal human supervision. These machines improve safety by reducing manual handling of equipment and boost productivity by enabling continuous operation, especially in commercial applications.

Why is North America Charging Ahead of Outdoor Power Equipment?

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Global Outdoor Power Equipment Market
Outdoor Power Equipment Market

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