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Synopsis
The global market for Lithium-ion Battery Outdoor Power Equipment (OPE) was estimated to be worth US$ 8754 million in 2024 and is forecast to a readjusted size of US$ 14200 million by 2031 with a CAGR of 7.3% during the forecast period 2025-2031.
Outdoor Power Equipment (OPE) is an equipment with small motors or engines primarily used for exterior service. The residential and commercial users use outdoor power equipment for various tasks such as landscaping and maintaining lawns, gardens, and golf courses. This report focuses on the Outdoor Power Equipment (OPE) that uses lithium-ion battery as the power source.
Lithium-ion Battery Outdoor Power Equipment (OPE) has been widely used in the global market in recent years and has shown a strong growth momentum. With its advantages of environmental protection, high efficiency, low noise and no emissions, this type of equipment is gradually replacing traditional fuel-driven outdoor power tools, especially in the home and commercial markets in Europe, America and Asia-Pacific, and has become the first choice for more and more people.
At present, the global lithium-ion battery OPE market is experiencing a dual drive of technological innovation and consumer awareness. On the one hand, with the continuous advancement of lithium-ion battery technology, the energy density, service life and charging speed of the battery have been significantly improved. This has enabled lithium-ion batteries to be more widely used in outdoor power equipment with higher power requirements, such as electric lawn mowers, electric chain saws, electric snow blowers and other products. On the other hand, increasingly stringent environmental regulations have also prompted consumers and manufacturers to increasingly prefer emission-free and low-noise battery-driven equipment, which has undoubtedly promoted the rapid expansion of the lithium-ion battery OPE market.
The demand in this field is particularly strong in the US and European markets, among which consumers in the US market pay particular attention to the environmental performance and ease of use of equipment, especially among urban and suburban household users, where lithium-ion battery OPE has been widely used. The Asia-Pacific region, especially China, Japan and South Korea, also shows a rapid growth trend, thanks to the region's emphasis on green energy and sustainable development concepts and consumers' gradual recognition of power tools.
Global key players of lithium-ion battery outdoor power equipment include Techtronic Industries, Chervon, Stanley Black & Decker, Bosch and Globe. The top five players hold a share about 50%. North America is the largest market, has a share about 40%, followed by Asia-Pacific and Europe, with share 26% and 28%, separately.In terms of product type, Lawn Mower is the largest segment, with a share over 40%. In terms of product application, the largest application is Household, with a share about 60%, followed by Commercial.
This report aims to provide a comprehensive presentation of the global market for Lithium-ion Battery Outdoor Power Equipment (OPE), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Lithium-ion Battery Outdoor Power Equipment (OPE) by region & country, by Type, and by Application.
The Lithium-ion Battery Outdoor Power Equipment (OPE) market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lithium-ion Battery Outdoor Power Equipment (OPE).
Market Segmentation
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Segment by Application
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Published By : QY Research