Opportunities in the emergence of remote-controlled and GPS-equipped products


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Dublin, May 26, 2022 (GLOBE NEWSWIRE) — The report “Lawn Mower Market by Type, End User and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2021-2030″ has been added to from ResearchAndMarkets.com offer.

The global Lawn Mower Market size was valued at USD 26.2 Billion in 2020 and is projected to reach USD 53.7 Billion by 2030, registering a CAGR of 6.8% from 2021 to 2030.

Commonly seen types of lawn mowers are riding mowers, push mowers, and robotic mowers. Among these, the forwarder segment accounted for the highest market share in 2020, owing to the surge in spending on lawn care activities. The market is analyzed based on different applications across industry verticals such as residential and non-residential and by fuel type based on electronic and non-electronic.

The market is mainly driven by the increase in lawn care activities by homeowners and the development of lawn mowers that are easy to handle and have low operating and maintenance costs. However, the rising popularity of artificial grass is limiting the market growth.

In 2020, North America led the global lawn mower market, in terms of revenue, followed by Europe and Asia-Pacific. Additionally, the Asia-Pacific market has been growing with a high CAGR, owing to the growth in the use of lawn mowers for lawn maintenance in luxury residential complexes, golf courses, and sports facilities.

Advancements in cordless lawn mower technologies have greatly increased the usability of lawn mowers for residential purposes due to ease of use and reduced maintenance costs. Non-electric lawn mowers are widely used for lawn maintenance in commercial spaces such as golf courses and large sports facilities, due to their higher cutting capacity and long reach. In addition, the development of robotic lawn mowers allows the user to maintain the lawn with minimal effort.

Additionally, on the basis of end users, the non-residential is expected to grow rapidly over the forecast period, owing to the launch of more powerful lawn mowers and the growing popularity of robotic lawn mowers.

For example, in August 2019, American Honda Motor Co., Inc., launched HRN216PKA, HRN216VKA, HRN216VLA, and HRN216VYA as part of its new HRN216 series of lawn mowers that have more power, a rugged design, ease of use and require less maintenance. The lawn mowers are powered by the Honda GCV170 engine which offers higher horsepower and torque. And Segway Inc., developed Navimow, which is an automated robotic mower that uses virtual boundaries for operations and eliminates the need for complicated wiring.

However, during the pandemic lockdown, various manufacturers in the lawn mower market had to stop their operations in countries such as China, USA, and India. This disruption directly impacted the sales of lawnmower manufacturers. Additionally, lack of labor and raw materials limited the supply of lawn mower components; and negatively influenced the growth of the market.

However, the reopening of production facilities and the introduction of coronavirus disease vaccines are expected to lead to the reopening of lawn mower businesses.

Main results of the study

  • The report provides an in-depth analysis of current and emerging Lawn Mowers market trends and dynamics

  • Based on type, riding mowers dominated the lawn mower market, in terms of revenue in 2020 and the robotic mower segment is expected to grow at a significant CAGR during the forecast period

  • By end user, the residential segment recorded the highest revenues in 2020

  • Asia-Pacific is expected to register the highest growth rate in the coming years

  • Key players of the Lawn Mower market are profiled in this report and their strategies are thoroughly analyzed which helps to understand the competitive outlook of the Lawn Mower industry.

  • The report provides an in-depth analysis of current trends and emerging opportunities in the market

  • An in-depth analysis of the Lawn Mowers market is performed by constructing estimates for the key segments between 2021 and 2030.

Competition analysis

Key market players profiled in this report include

Market dynamics

Drivers

  • Increased consumer interest in gardening activities

  • Use of lawn mowers to maintain public facilities

  • Increase in the adoption of cordless lawn mowers

Constraints

Opportunity

Key segments

By type

  • Riding mower

  • push mower

  • Robotic Mower

Per end user

  • Residential

  • Non-residential

By fuel

By region

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • UK

  • Germany

  • France

  • Spain

  • Italy

  • The rest of Europe

  • Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • LAMEA

  • Latin America

  • Middle East

  • Africa

For more information about this report visit https://www.researchandmarkets.com/r/9dtph2

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