"Rapid Growth in Landscape Beautification predicted to uplift the Global Lawn Mowers Market"
The global lawn mowers market was stood at US$ 17.72 Bn in the year 2019 and expected to reach US$ 31.77 Bn by the year 2028, expanding at a CAGR of 6.7% during the forecast from 2020 to 2028.
Rising trend of landscape beautification coupled with increasing spending on home improvement equipment is ought to boost the lawn mowers demand in the coming years. The landscaping industry has hit US$ 99Bn in 2019 in the United States. In addition, out of total landscaping services lawn maintenance contribute around 19% with increased focus towards expanding lawn maintenance service in the coming year. Furthermore, continuous growth in home improvement expenditure has bolstered to uplift the lawn and landscape equipment sale over past five years. As per New York Times article published on September 05, 2019, the U.S. has recorded 50% surge in home improvement spending primarily due to exponential growth in home improvement expenditure per homeowner.
The lawn mowers industry has seen various improvements and innovations in the recent past. Improved performance and comfort are some of the parameters that decide the changing trend in the lawn mowers industry. However, rising environmental concern has exponentially triggered the battery-powered mowers across the globe. Further advancements to improve the environment-friendly mowers performance has introduced electric and robotic lawn mowers.
"Robotic Lawn Mowers projected to register the Fastest Growth during the Forecast Period"
Walk-behind lawn mowers dominated the global lawn mowers market with maximum revenue share. This is majorly attributed to its significant application in residential end-use. Rising trend for home gardening along with increasing spending on home aesthetics have prominently bolstered the growth of lawn mowers. On the contrary, zero-turn and robotic mowers register the fastest growth during the forecast period. Shifting consumer preference towards automated mowing along with rising environmental concern are some of the major factors escalating the robotic mowers growth. Furthermore, on-going advancement in the robotic lawn mowers such as solar-powered robotic mowers and Artificial Intelligence (AI) & Internet of Things (IoT) enabled mowers have upend the mowers industry trend. AI and IoT provides sensing and decision making capability for obstacle detection to the mowers.
"Electric lawn mowers garnered maximum revenue share in the year 2019"
Electric lawn mowers captured the largest revenue share in the year 2019. Less noise production, environment-friendliness, and cost-effectiveness are some of the major factors supporting the significant market growth. Previously, petrol mowers were used prominently for the lawn maintenance however rising concern of plant health and carbon emission has triggered the demand for electric mowers. On the contrary, electric mowers provide limitation in mobility due to the presence of cord hence suit only for small or medium sized lawns. Therefore, petrol-powered mowers are still preferred for large sized lawn maintenance.
"Increasing Focus towards Product and Geographical Expansion expected to spur the Completion in the Global Lawn Mowers Market"
The global lawn mowers market is a consolidated and highly competitive market due to the presence of large number of companies. Furthermore, the competition among the market players expected to intensify owing to integration of AI and IoT in mowers along with shifting trend towards autonomous vehicles. Many other players are also focused towards expansion of their product offering and geographical reach.
List of Companies Covered:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Lawn Mowers market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Billion |
| Segmentation | |
Type
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Power Source
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Cutting System
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Engine Power
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End-users
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Region Segment (2022-2032; US$ Billion)
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Key questions answered in this report
