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A15879 | Pages: 240 | Charts: 54 | Tables: 138 |
The global zero turn mower market size was valued at $854.00 million in 2020, and is projected to reach $1,571.10 million by 2030, growing at a CAGR of 6.1% from 2021 to 2030. A zero turn riding mower is a type of riding lawn mower having a zero turning radius when the drive wheels rotate in the opposite direction. Different kinds of engines are used for driving the zero-lawn mower, such as diesel and gasoline fuels. In addition, the battery powered zero turn mowers are also used, which use the electric motors. The zero turn mowers are used in athletic fields, golf courses, and parks for trimming the expansive flat areas of glass. In addition, the zero turn mowers provides easier ways for trimming and saves the time.
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[HORSEPOWERGRAPH]
However, the high initial investment for purchasing the zero turn mowers that range more than $2,500 to more than $60,000, is letting many homeowners and commercial industries to adopt simple and cost effective alternative of the zero turn mowers, which in turn limits the zero turn mower market growth.
On the contrary, the cost of batteries and fuel cells used for the zero turn mowers is reducing over years owing to product improvements and innovations in technology, which reduces the life cycle costs of the products that makes the maintenance and operating cost of the mowers becomes lesser. Thus creating growing new opportunities for the zero turn mower growth in the market.
The zero turn mower industry 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 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).
[REGIONGRAPH]
On the basis of application, the residential segment dominated the zero turn mower market, in terms of revenue, in 2020 whereas the commercial segment is expected to witness growth at the highest CAGR during the forecast period. As per product type, the 50 to 60 Inches segment led the zero turn mower market in 2020. However, the less than 50 Inches segment is expected to exhibit highest CAGR in the near future. By horsepower, the 15-25 HP segment led the market in 2020, in terms of revenue; however, the less than 15 HP segment is anticipated to register highest CAGR during the forecast period. Region-wise, North America garnered the highest revenue in 2020, while Asia-Pacific is anticipated to register highest CAGR during the forecast period.
Key Market Segments
Key Market Players