Lawn Mower Market – Global Opportunity Analysis and Industry Forecast, 2021-2030
PORTLAND, OR, USA, July 25, 2022 /EINPresswire.com/ — Rising customer interest in gardening activities, the use of lawn mowers to maintain public facilities, and the growing use cordless lawn mowers are driving the growth of the global lawn mower market.
Allied Market Research has published a research report on Lawn Mower Market. The findings of the report indicate that the global Lawn Mowers Market generated USD 26.24 Billion in 2020 and is projected to bring in USD 53.71 Billion by 2030, growing at a CAGR of 6.8% from 2021 to 2030. The report offers valuable insights on changing market trends, major segments, major investment pockets, and major competitors for market players, investors, shareholders, and new entrants.
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The report provides detailed analysis of market drivers, restraints, and opportunities to help market players strategize and capitalize on new opportunities. Increase in customer interest in gardening activities, use of lawn mowers to maintain public facilities and increase in usage of cordless lawn mowers are driving the growth of the global lawn mower market grass. However, increasing adoption of artificial turf is hampering the market growth. On the other hand, the introduction of remote-controlled and GPS-enabled gadgets are expected to open lucrative business opportunities in the coming years.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the global Lawn Mowers market. Homeowners and commercial users reduced their purchases of lawn equipment due to the economic downturn, especially during the early stages of the pandemic. Additionally, the disrupted supply chain and scarcity of raw materials needed to manufacture lawn mowers have led to a decline in lawn mower production. , significantly impacting the market. The market, on the other hand, should rebound soon.
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The report offers detailed segmentation of the global Lawn Mower market based on type, end-user, fuel type and region. This information is useful for new and existing market players to capitalize on the fastest growing and most revenue-generating segments to achieve growth in the future.
Based on equipment type, the riding mower segment held the largest market share in 2020, accounting for about three-fifths of the global lawn mower market, owing to its widespread use for non-residential applications. However, the robotic mower segment is expected to register the fastest CAGR of 13.2% from 2021 to 2030. This is because it enables reduction in labor requirements through remote control of operations.
Based on fuel type, the non-electronic segment dominated the market in 2020, contributing more than four-fifths of the global lawn mower market. The rapid growth of the chemical and pharmaceutical sectors propels the segment forward. On the other hand, the electronics segment is described to grow at the fastest CAGR of 9.1% from 2021 to 2030, due to its ability to produce nitrogen with high purity and high durability.
By region, North America held the leading market share by revenue in 2020, accounting for almost half of the global lawn mower market, driven by continued demand from residential users, supported by revenue per high inhabitant and a large number of green areas in North America. However, the Asia-Pacific region is expected to experience the fastest CAGR of 10.4% from 2021 to 2030, due to the increase in the number of sports activities and amusement and recreation parks in the province.
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Major market players analyzed in the Global Lawn Mower Market report are Deere & Company, Andreas Stihl AG & Co. KG, Honda Motor Co., Ltd., Koki Holdings Co., The Toro Company, Husqvarna Group, Robert Bosch GmbH, Stiga SpA, Stanley Black & Decker Inc. and Textron.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to offer business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.
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