Lawn Mower Market by Product (Manual, Electric, Petrol, Robotic, Others), End Use (Commercial,&Governmental, Residential),Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
The global lawn mower market is expected to grow from USD 25.6 Billion in 2017 to USD 40.8 Billion by 2025 at a CAGR of 6.0% during the forecast period from 2018-2025. Growth of residential construction sector across the globe is spurring the demand for landscaping services, which, in turn, is expected to propel the demand for lawn mowers over the forecast period.
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The robotic segment is growing rapidly at the highest CAGR of 8.7% in the forecast period
The product segment is classified into manual, electric, petrol, robotic and others. The robotic segment is growing rapidly at the highest CAGR in the forecast period. A robotic lawn mower is an autonomous robot which is used cut lawn grass. A typical robotic lawn mower requires the user to set up a border wire around the lawn that defines the area to be mowed. The robot uses this wire to locate the boundary of the area to be trimmed and in some cases to locate a recharging dock. Robotic mowers are capable of maintaining up to 30,000 m2 (320,000 sqft) of grass.
Residential segment dominated the market and valued around USD 16.25 Billion in 2017
The end use segment is segmented into commercial, & governmental and residential. Residential segment dominated the market with the highest share in 2017. Growth of residential construction sector, especially in developing regions, is the key driving factor for the segment. End users belonging to various socio-economic backgrounds in several regions often form agreements with landscapers for the maintenance of their gardens. This has spurred the demand for professional mowers across the residential sector.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. TheNorth Americaregion is dominating the market with the highest share of 42.30% in 2017.TheNorth Americaregion is dominating the market due to the historic affinity for lawns. The requirement of perfectly manicured lawns round the year has grown the requirement for lawn maintenance, thereby leading to the growth of the market.
The major players of market include Deere & Company, MTD products, American Honda Motor Co., Inc., Robert Bosch GmbH, STIGA S.p.A., Robomow Friendly House, Husqvarna Group, and AriensCo
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