Outdoor Power Equipment Institute Market Statistics
OPEI RELEASES FALL FORECAST OPEI published its quarterly forecast update Oct. 3 for U.S. and Canadian shipments of OPE during calendar years 2022-2024. Reflective of the macroeco- nomic challenges that have surfaced during the current year, and successive quarters
of negative overall growth, 2022 will finish with depressed lev- els of industry shipments as compared to the prior two years of significant growth. OPEI forecasts are proposed by the association’s retained economist, with review and input provided by the member Forecast Advisory Subcommittee prior to final publication. Specific to forecasting changes planned for 2023, OPEI will begin publishing separate market projections for seated and stand-on commercial zero-turn lawnmowers, and battery- and A/C-powered products, where previously these catego- ries have been combined. Also new in 2023 will be separate forecasting for “split-boom” products from trimmers and brushcutters.
OPEI HOSTS 2022 MARKET STATISTICS FORUM The Outdoor Power Equipment Institute held its annual fall member Market Statistics Forum Sept. 28-29 at its offices in Alexandria, Virginia, showcasing a full agenda of invited guest speaker experts to share their views on the state of the global economy and OPE markets. This year’s event – sponsored by Huntington, Kohler, and Kawasaki Engines – combined returning speakers, new
voices, and data sources, includ- ing The Steven- son Company, European Garden Machinery Indus- try Federation, TraqLine (Steven-
INFLATION REDUCTION ACT INCLUDES ELECTRIC MOWER TAX CREDIT
In mid-August Congress passed and the president signed the $450 billion Inflation Reduction Act (IRA), which among its climate change mitigation tax provisions included credits for zero-emission “mobile machinery.” Included in the legislative record was Senate debate confirming congressional intent that the statutory language includes among the qualifying equipment commercial lawnmowers. The credit is available for sales beginning Jan. 1, 2023, and sunsets in 2032. The credit is for 30 percent of the cost of the equipment or the incremental cost of the comparable with a $7,500 cap. While the legislation outlines broad parameters and defi- nitions of qualifying equipment, it leaves many of the neces- sary details open for interpretation and clarification through subsequent regulation or “notice” by the U.S. Treasury/Inter- nal Revenue Service.
son), The Farnsworth Group, U.S. Chamber of Commerce, Weather Trends International, and Constellation Dealership Group. Also participating were two mid-Atlantic based commercial landscaping firms: Rossen Landscape and Level Green Land- scaping, who shared views and addressed questions specific to equipment needs in the field, including implementation of battery-powered OPE and the growing interest in automated products. OPEI is always interested in member input toward including new voices in such fora, and all the presentations shared at this year’s event are now generally available to OPEI mem- bers.
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