According to a new report published by Allied Market Research, titled, “Zero Turn Mower Market," The zero turn mower market size was valued at $854.00 million in 2020, and is estimated to reach $1.6 Billion by 2030, growing at a CAGR of 6.1% from 2021 to 2030.
Zero turn mowers are a type of mowers that are used for grass cutting applications and provide applications for every lot size. The zero turn mowers have zero degree turning radius and turn on six pence, providing applications for different areas, such as golf courses, athletic fields, and parks. In addition, the zero turn mowers can be stand on, wall behind, or the riding mower.
Homeowners of countries, such as U.S and Germany, adopt different styles of homes including the ranch style, which consists of the lawn or the garden in the frontal portion of their house. It provides an aesthetic appearance over homes and maintains the lawn, which leds to zero turn mower growth. In addition, bigger lawns, parks, gardens, and golf courses require efficient maintenance to maintain the larger areas with grass and zero turn mowers with different range of deck width help save the time, which in turn drives the growth of the zero turn mowers market. Moreover, different companies are launching GPS-enabled zero turn mowers to maintain accuracy over the trimming operation. For instance, in October 2021, CubCadet launched GPS-enabled zero turn mowers that increase productivity of the trimming applications and hence, similar product launches by different companies is expected to boost the zero turn mowers market.
However, for the areas that slopes at an angle more than 10-15 degrees, the zero turn mowers could roll over and not perform effectively, which leads to the use of hand trimmer of push mower for the purpose. This in turn limits the zero turn mower market growth.
In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering the growth of the zero turn mower market share. However, this situation is expected to improve as governments are relaxing norms globally to resume business activities.
On the contrary, the cost of operating and the life cycle costs of zero turn mowers has reduced over years due to the reduction in costs of fuels and power systems used for the mowers. Hence, the reduction in costs drives the growth of the zero turn mower market with lower maintenance, which in turn creates new opportunities for the players in the zero turn mower market.
The zero turn mower market is segmented on the basis of application, product type, horsepower, and region. On the basis of application, the market is divided into residential, prosumer, and commercial. On the basis of product type, the market is divided into less than 50 Inches, 50 to 60 Inches, and more than 60 Inches. On the basis of horsepower, the market is divided into less than 15 HP, 15-25 HP, and more than 25 HP.
Region-wise, the global zero turn mower market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the market, and LAMEA is anticipated to secure a leading position during the forecast period.
The major players profiled in the zero turn mower market include, Altoz, Ariens, Bad Boy Mowers, BigDog Mower Co., Deere & Company, Generac Power Systems, Inc., Husqvarna AB, Stanley Black & Decker, Inc., Textron Inc., and The Toro Company.
KEY FINDINGS OF STUDY
- The report provides an extensive analysis of the current and emerging global zero turn mower market trends and dynamics.
- Depending on application, the residential segment was the largest revenue generator in 2020.
- By product type, the 50 to 60 inches segment generated the highest revenue in 2020.
- On the basis of horsepower, the 15-25 HP segment dominated the market in 2020.
- Region-wise, North America is anticipated to dominate the global zero turn mower market throughout the study period.
- The report provides an extensive analysis of the market trends and emerging opportunities of the market.
- The global zero turn mower market forecast analysis from 2021 to 2030 is included in the report.