Lithium-Ion Battery Outdoor Power Equipment (OPE) Market Size, Share, Growth, and Industry Analysis, By Type (Lawn Mower, Chainsaws, Trimmers, Leaf Blowers and Others), By Downstream industry (Household and Commercial), and Regional Forecast to 2032

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LITHIUM-ION BATTERY OUTDOOR POWER EQUIPMENT (OPE) MARKET OVERVIEW

The Global Lithium-Ion Battery Outdoor Power Equipment (OPE) Market size was USD 8.90 Bn in 2023 and is projected to touch USD 20.41 Bn by 2032, exhibiting a CAGR of 8.65% during the forecast period.

Lithium-ion battery outside electricity gadgets refers to tools such as lawnmowers, chainsaws, hedge trimmers, leaf blowers, and exceptional lawn or landscape systems powered through the usage of rechargeable lithium-ion batteries. These gear provide the blessings of being lightweight, low safety, environmentally friendly, and quieter in evaluation to their fuel-powered opposite numbers. They have won recognition due to advancements in battery technology, resulting in longer runtimes, quicker charging, and better energy outputs appropriate for heavy-responsibility out-of-door programs.

GLOBAL CRISES IMPACTING THE LITHIUM-ION BATTERY OUTDOOR POWER EQUIPMENT (OPE) MARKET - COVID-19 IMPACT

"Disrupted the global supply chain leading to production delays, labor shortages, and increased raw material prices"

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The coronavirus chaos led to a deadly disease that disturbed the global delivery chain for lithium-ion batteries and out-of-door electricity devices, main to manufacturing delays, exertions shortages, and extended raw fabric costs. However, the marketplace additionally saw a rise in calls for OPE for the duration of the pandemic, as human beings spent more time at domestic and centred on gardening and lawn care sports. Additionally, the shift in the direction of e-trade facilitated sales growth, with customers purchasing OPE through online channels for the duration of lockdowns.

LATEST TREND

"Enhanced performance with the integration of smart technology and the Internet of Things"

A large trend within the lithium-ion battery OPE marketplace is the mixing of clever generation and Internet of Things (IoT) abilities. Manufacturers are an increasingly number of incorporating functions consisting of Bluetooth and app connectivity, enabling users to screen battery lifestyles, performance, and device diagnostics via their smartphones. This trend caters to tech-savvy clients in search of extra management and efficiency in their outside energy gear.

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LITHIUM-ION BATTERY OUTDOOR POWER EQUIPMENT (OPE) MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Lawn Mower, Chainsaws, Trimmers, Leaf Blowers and Others.

• Lawn Mowers: Lawnmowers are one of the most outstanding thing categories in the lithium-ion battery OPE marketplace. Battery-powered garden mowers are wanted for his or her ease of use, quiet operation, and environmental blessings against mowers that need fuel.

• Chainsaws: Lithium-ion battery chainsaws are earning names due to their motion options, decreased maintenance, and decreased noise making. They are usually used for slicing timber and are increasingly being utilized by specialists and forestry human beings as they provide fine energy for slight to heavy-duty responsibilities without the giving and noise associated with gasoline-powered chainsaws.

• Trimmers: Battery-the usage of trimmers, hedge trimmers and string trimmers, are extensively utilized in gardening. These tools are critical for his lightweight matters, easy to apply, and feature the ability to move in small areas. They are well-known for house owners and commercial landscapers, specifically for trimming edges, grass, and shrubs in residential gardens and parks.

• Leaf Blowers: Lithium-ion battery leaf blowers are regarded for their quiet operation and ease of dealing with. They are favoured over gas-powered leaf blowers for small to medium-sized smooth-up tasks in residential regions and mild industrial packages. With advancements in battery capacity and motor efficiency, they provide enough power for clearing leaves, debris, and grass clippings in out-of-door areas.

• Others: This section consists of different lithium-ion battery-powered out-of-door tools along with snow blowers, pole saws, and lawn tillers. These equipment are increasingly being integrated into house owners' toolkits as producers increase their product portfolios to cater to areas of interest gardening and landscaping needs.

BY DOWNSTREAM INDUSTRY

Based on the downstream industry, the global market can be categorized into Household and Commercial.

• Household: The family section represents a sizeable portion of the lithium-ion battery OPE marketplace. Homeowners are more and more adopting battery-powered gear for gardening, lawn care, and yard maintenance because of their user-friendly features, low noise, and environmental benefits. The comfort of cordless equipment, mixed with growing attention to reducing emissions, drives the demand in this section.

• Commercial: The industrial section includes expert landscapers, gardeners, and contractors who use lithium-ion battery-powered OPE for big-scale lawn protection and landscaping initiatives. In this segment, the focus is on excessive-powered, durable gear with longer battery lifestyles and faster charging times to aid heavy-duty, non-stop use. Environmental policies and the need for noise discounts in city regions are key elements using adoption in the commercial region.

BY OTHER

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Growing environmental awareness increases demand"

Growing environmental focus and stringent emission rules are major drivers inside the marketplace. Governments globally are pushing for a discount on carbon emissions, and lithium-ion battery OPE gives a green opportunity to gasoline-powered equipment. As a result, professional landscapers and homeowners are transitioning to battery-powered gadgets to conform with policies and decrease their carbon footprint.

"Technological advancements in battery performance propel market growth"

Technological improvements in battery performance are also propelling the Lithium-Ion Battery Outdoor Power Equipment (OPE) Market growth. Continuous improvements in electricity density, quicker charging times, and longer battery existence have made lithium-ion batteries more realistic for a wide range of outside power tools. These advancements are improving the performance of OPE, making them greater attractive to purchasers and professionals who require powerful and durable systems.

RESTRAINING FACTOR

"Strain on budget due to the high initial cost of lithium-ion battery-powered OPE"

One of the key challenges restraining marketplace increase is the excessive initial cost of lithium-ion battery-powered OPE as compared to traditional fuel-powered gadgets. Despite lengthy-term price savings in gas and preservation, the in-advance investment may be a barrier for some purchasers, specifically in growing markets wherein value sensitivity is better.

OPPORTUNITY

"Scope of expansion due to the expanding adoption of robotic lawnmowers"

The expanding adoption of robot lawnmowers gives a moneymaking possibility in the lithium-ion battery OPE market. As consumers are trying to find greater convenience and performance in garden care, the call for self-sufficient, battery-powered lawnmowers is growing. These machines offer the advantage of arms-free operation, regular garden care, and minimum noise pollution, making them an attractive choice for homeowners and commercial landscapers alike.

CHALLENGE

"The major drawback due to the limited battery life"

One most important assignments inside the lithium-ion battery OPE marketplace is the restricted battery lifestyles and runtime of tools at some point of prolonged usage. While technology has stepped forward, lithium-ion batteries nevertheless have a finite charge, which can be a hindrance for experts who require longer hours of operation without the downtime associated with recharging. This problem can affect adoption charges in industrial landscaping and heavy-duty out-of-door programs.

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LITHIUM-ION BATTERY OUTDOOR POWER EQUIPMENT (OPE) MARKET REGIONAL INSIGHTS

• NORTH AMERICA

North America, in particular the U.S., is a key market for lithium-ion battery outdoor strength systems. The United States Lithium-Ion Battery Outdoor Power Equipment (OPE) Market has a visible great boom due to increasing environmental cognizance, authorities’ incentives, and the growing adoption of sustainable, eco-friendly answers. The presence of well-set up players like Deere and Company and The Toro Company, along with developing residential and business landscaping sports, has pushed call for. Additionally, stricter emissions guidelines in states like California, which has banned the sale of recent gas-powered OPE with the aid of 2023, are boosting the adoption of battery-powered options.

• EUROPE

Europe is one of the main areas in this marketplace, driven by way of sturdy regulatory aid for green technologies and the European Union's (EU) stringent emissions and noise pollution requirements. Countries like Germany, the United Kingdom, and France are at the forefront, with high adoption quotes of battery-powered OPE. Consumers and business landscapers in Europe have an excessive choice for quieter, low-protection, and emission-unfastened gear, making lithium-ion battery-powered OPE especially appealing. The presence of the most important manufacturers like STIHL and Husqvarna further contributes to Europe's marketplace dominance.

• ASIA

Asia, especially China and Japan, is experiencing speedy growth in the lithium-ion battery OPE marketplace. In China, increasing urbanization, industrial growth, and government initiatives to reduce air pollution are encouraging the adoption of battery-powered equipment. Japan has a nicely evolved lawn and landscaping way of life, fueling the call for advanced OPE. The location is likewise domestic to key manufacturers inclusive of Makita and Greenworks, contributing to market enlargement. While Asia remains growing in terms of market proportion compared to North America and Europe, the ability for the boom is great, especially in urban regions.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through investing in research and development"

Key gamers inside the lithium-ion battery OPE marketplace play a vital function by investing in research and development to decorate battery technology and tool overall performance. They are additionally conscious of expanding their product portfolios, entering strategic partnerships, and improving distribution networks to cater to developing demand. These players additionally heavily market the environmental blessings of their merchandise and paintings to reinforce their e-trade presence to satisfy converting customer buying patterns.

LIST OF TOP LITHIUM-ION BATTERY OUTDOOR POWER EQUIPMENT (OPE) COMPANIES

• Deere & Company (U.S.A.)
• STIHL Holding AG & Co. KG (Germany)
• Husqvarna Group (Sweden)
• Makita Corporation (Japan)
• The Toro Company (U.S.A.)
• Greenworks Tools (China)
• Techtronic Industries Co. Ltd. (China)
• EGO Power+ (China)

KEY INDUSTRY DEVELOPMENT

June 2023: Husqvarna Group introduced the release of its new 94V battery-powered chainsaw, proposing a high-strength output and prolonged battery existence designed for expert forestry and landscaping applications. This development is predicted to enhance the agency's function in the expert-grade OPE section.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential downstream industries that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

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