Allied Market Research
Loading...
Cart
0

Lawn Mower Market is Expected to Reach $14.5 Billion by 2026

 

quote A number of domestic players are expanding their business in North America, owing to increased customer base, enhanced effective operations, developed product portfolios, and expanded geographical reach. This is anticipated to fuel demand for robotic lawn mowers, thereby augmenting the growth of the market. Furthermore, by fuel type, the non-electric lawn mowers are expected to experience rapid surge in demand due to their durability and working efficiency. quote

Amar Chinchane
Lead Analyst, Construction and Manufacturing at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, " Lawn Mower Market by Type, End User, and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2019-2026," 

The global lawn mower market was valued at $9,746.0 million in 2018, and is projected to reach $14,595.3 million by 2026, growing at a CAGR of 5.1% from 2019 to 2026.  In 2018, by type, the ride-on mowers segment accrued the largest share in the lawn mower market. In addition, disposable income throughout the world has increased especially in emerging nations such as China and India. China’s per capita income increased by 9% from 2016 to 2017. Moreover, India’s disposable personal income increased approximately by 9.4% from 2016 to 2017. Therefore, these factors have led to the increase in buying power of people, enabling them to use advanced products, which, in turn, is expected to drive the growth of the market. 

Moreover, busy lifestyles due to globalization and longer working hours tend to affect the leisure time and household work. Hence, this has encouraged people to find alternative ways to spare more leisure time by reducing or eliminating the time required to do household work, which is expected to boost the demand for household automation for daily chores such as cleaning, lawn mowing, and many more. Thus, leads to the rise in demand for lawn mower market globally.

Smartphone penetration throughout the world has increased drastically over the years. Rise in number of smartphones and other mobile devices leads to the development of robotic lawn mower and aids the adoption and growth of lawn mowers. However, the utilization of turfs for sports activities and residential lawns hinders the market growth. 

Furthermore, the advancements in artificial intelligence (AI) technology has helped mobile robots to evolve past their limitations and perform their tasks at a greater efficiency. Thus, such greater efficiency coupled with the convenience of applying less human effort has led to widespread adoption of mobile robots such as robotic lawn mowers.

On the basis of end-user, the residential segment dominated the market with the largest share in 2018 and the non-residential segment is expected to exhibit significant growth during the forecast period.  Proliferation of new residential and commercial properties in developing countries is expected to propel the demand for landscaping services, which, in turn, is anticipated to fuel the growth of the global lawn mower market. In addition, growth in retail infrastructure across developing nations is anticipated to boost the sales of lawn mowers and other lawn mowing equipment, especially through hypermarkets, specialty stores, and other channels.

In terms of value, North America and Europe collectively contributed around 82.5% in the lawn mower market 2018. For instance, in August 2018, Bosch launched New ProSilence Rotak series of cordless high-performance mowers. These new mowers feature 60% reduction in noise and have three models which have 550 to 750 square meters output. The leading players in the global lawn mower industry have focused on product launch and acquisition as their key strategy to gain a significant robotic lawn mower market share. 

The key players profiled in the report include Andreas Stihl AG & Co. KG, Deere & Company, Hitachi, Ltd., Honda Motor Co., Ltd., Husqvarna Group, MTD Products, Robert Bosch GmbH, Stiga S.p.A, The Toro Company, and Textron. 

Many players have adopted product development as their key developmental strategy to improve their product portfolio. For instance, in February 2019, Husqvarna launched new Automower 435X AWD, the Automower is AI enabled, robotic mower and features all-wheel drive. The mower has smart home connectivity and can work with Amazon Alexa, Google Home, and could be integrated with API for smart home applications. It can also be used on rough terrains and slopes with an inclination of up to 70%.
 
Key Findings of the Lawn Mower Market :

  • The report provides an extensive analysis of the current and emerging lawn mower market trends and dynamics.  
  • Depending on type, the ride-on mowers segment dominated the market, in terms of revenue in 2018 and robotic mowers segment is projected to grow at a CAGR 10.1% during the forecast period.
  • By end-user, the residential segment dominated the lawn mower market in 2018.
  • Asia-Pacific is projected to register the highest growth rate in the coming years. 
  • Key market players within the lawn mower market are profiled in this report and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the lawn mower industry. 
  • The report provides an extensive analysis of the lawn mower market trends and emerging opportunities of the market.  
  • In-depth lawn mower market analysis is conducted by constructing estimations for the key segments between 2018 and 2026. 
  • The global lawn mower market forecast analysis from 2019 to 2026 is included in the report.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Lawn Mower Market by Type (Ride-On Mower, Push Mower, and Robotic Mower), End User (Residential, and Non-Residential), and Fuel Type (Electronic and Non-Electronic): Global Opportunity Analysis and Industry Forecast, 2019–2026 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Lawn Mower Market"
Purchase Enquiry