Autonomous lawn mowers are expected to grow with a higher CAGR than non-autonomous mowers over the forecast period


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Global Lawn Mower Market

Global Lawn Mower Market

Global Lawn Mower Market

Dublin, May 13, 2022 (GLOBE NEWSWIRE) — The “Global Lawn Mower Market by Type, End Use, Propulsion Type, Battery Type, Lawn Size, Runtime and Region – Forecast to 2027” report has been added to from ResearchAndMarkets.com offer.

The lawnmower market, in value, is expected to reach USD 33.6 billion by 2027, from USD 23.5 billion in 2022, at a CAGR of 7.4% from 2022 to 2027.

The market is expected to witness high growth owing to factors such as increasing applications in the residential segment as well as commercial spaces such as golf clubs, offices and public lawns etc. including stringent regulatory standards in emissions for maintaining green spaces around cities in different regions of the world. The growth opportunity is also driven by factors such as the growing popularity of robotic mowers that are integrated with automation and AI-enabled autonomous technology for smooth and efficient lawn mowing operations.

Mid-Size Lawns: The Fastest Growing Segment in Lawn Size for Lawn Mowers

Lawn mowers, suitable for lawn areas between 0.25 acre and 0.5 acre, i.e. 1,000 m2 to 2,000 m2, are considered medium-sized lawns. Lawn mowers with mid-range capability in terms of cutting width, motor/battery discharge time, cordless/automatic, robotic, etc., are used specifically in residential and commercial spaces where the home or business has a medium sized front/back lawn, where each lawn is considered a zone.

Self-driving lawn mower is estimated to register the highest CAGR, below self-driving level segment

Automated lawn mowing solutions provide efficient, aesthetically pleasing and consistent mowing operations with little or no human labor involvement. Due to the aging population and the unavailability of cheap labor in European and other developed countries, the demand for autonomous technologies for lawn mowers is expected to witness an increase in demand. Technological advancements such as IoT and AI-assisted mowing will be the future of the lawn mower market.

Asia-Oceania is estimated to be fastest growing and Americas largest lawn mower market during the forecast period

The Asia-Oceania region market including China, India, Japan, South Korea, New Zealand and Australia, and it has comparatively lower market share for lawn mowers than others major regions of the world, but is expected to register the fastest growth in terms of CAGR during the forecast period. The region has recently seen many foreign companies come up with new robotic and walk-behind lawnmowers. An increase in household disposable income and people’s interest in gardening activities in emerging economies have opened up new avenues and created several opportunities for lawn mower manufacturers in the region. The Chinese lawn mower market is the largest in the Asia-Oceania region and is witnessing significant growth in sales and demand for different types of lawn mowers. China is one of the fastest growing markets for robotic lawn mowers given the increasing disposable income in the country.

On the other hand, the Americas comprising of countries like USA, Canada, Mexico and Brazil are expected to be the largest market for lawn mowers in terms of volume sold annually during the forecast period. . The United States, traditionally one of the world’s technology leaders, is America’s largest lawn mower market. The large customer base and high levels of disposable income are fueling the demand for lawn mowers, leading to an increase in manufacturing activities. The growth of the lawn care industry and a higher annual cost of landscaping services are the major growth factors in this region.

Main topics covered:

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  • Attractive Opportunities in the Lawn Mower Market – Rising Popularity of Electric and Robotic Models and Growing Urbanization to Drive the Market

  • Market, by Region – Asia and Oceania is expected to grow the fastest over the forecast period

  • Market, by Type – Robotics segment is expected to grow the fastest over the forecast period

  • Market, By Battery Type – Lithium-ion segment is expected to lead the market during the forecast period

  • Lawn Mower Market, By Lawn Size – Mid-sized lawn mowers will register the highest CAGR during the forecast period

  • Market, by Autonomy Level – Autonomous lawn mowers are expected to grow with a higher CAGR than non-autonomous mowers during the forecast period

  • Market, By End Use – Commercial segment is expected to dominate the market during the forecast period

  • Market, By Propulsion Type – The Electric Lawn Mower Segment Will Show Strong Growth Over The Forecast Period

Market dynamics

Drivers

Constraints

Opportunities

Challenges

Companies cited

  • Al-Ko

  • American Lawn Mower Company

  • Ariens Company (Ariensco)

  • Bad Boy Clippers

  • Bosch

  • Ego Power Plus

  • ferris

  • Green works

  • Honda Motor Co., Ltd.

  • Husqvarna

  • Irobot Company

  • Jacobson

  • John Deere

  • Kubota

  • Lastec

  • Manufacturing Mamibot Usa Inc

  • Mtd products

  • Stiga

  • Stihl

  • The Toro Company

  • Yamabiko Company

  • Zucchetti Centro Sistemi

For more information on this report, visit https://www.researchandmarkets.com/r/wgyoxk

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