Riding mower market grows at a CAGR of 4.7%


New York, Sept. 19, 2022 (GLOBE NEWSWIRE) — The global riding mower market is expected to grow at a CAGR of 4.7% and reach a market growth of US$6 billion by the end of 2032.

Ride-on mowers are experiencing a growing global demand due to the increasing attention given to the development and maintenance of lawns and gardens as well as golf courses around the world. Nowadays, vegetable gardens are usually found in urban and rural residential areas, and for the maintenance of these gardens, homeowners are always looking for more convenient ways to cut grass and clean their premises. A riding mower is the best option for all garden-related jobs because it can cover larger garden areas in less time and also serve as a sprayer, sweeper and mower.

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Global sales of ride-on mowers are growing rapidly as they replace other equipment such as sprayers, trimmers, etc. Benefits like less human effort, lower fuel consumption, time saving and less maintenance are driving the expanding global market for on-the-go mowers.

Key insights from market research

  • By wheel drive segment, zero turn ride-on mowers are expected to hold a market share of 57.2% by 2032.
  • Ride-on mowers with hydrostatic transmission are expected to account for the largest market share of 38.2%.
  • By end use, the residential sector is expected to create an absolute dollar opportunity of US$4.31 billion.
  • By region, North America and Europe together are expected to account for more than half of the global market share.

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“The increasing development of green spaces and the push of urbanization are expected to have a beneficial effect on the growth of the market.” says an analyst from Persistence Market Research.

Market landscape

The industry players aim to increase their market share by developing new tools and updating their current products with technological improvements. The major players in the market are looking for more collaboration with other manufacturers to expand their business and presence in the global market.

Some of the major riding mower manufacturers included in the report are Honda Motor co. ltd., Kubota Corporation, MTD Products, Deere & Company, Textron Inc., The Toro Company, Ariens Company and Frictionless World LCC.

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Conclusion

The riding mower market is expected to grow over time owing to the growing demand for green spaces in the commercial and residential sectors. Over the years, the market is expected to grow as more people choose to purchase automated ride-on mowers as gardening tools rather than using sprayers, one-handed brush cutters or lawn mowers individually. .

Manufacturers are focused on expanding their product portfolios through merger and acquisition activities with other market players.

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Want to know more?

Persistence Market Research, a research and advisory firm, has published an revised market research report on Riding Mowers Market which contains a global industry analysis from 2017-2021 and an opportunity assessment for 2022-2032 .

The report provides an in-depth analysis of the market across different segments i.e. AWD, Transmission, End User and Region.

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