Global lawn mower market is expected to reach USD 40.8 Billion by 2025 at a CAGR of 6.0% during the forecast period from 2018-2025. Growth of the 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.
Lawnmowers are defined as indispensable machines since they provide great help and convenience in undertaking a number of gardening activities, thus keeping up superior lawn quality. A lawn mower is a Product of machine which utilizes one or more revolving blades to cut a grass surface to an even height. The height of the cut grass may be fixed by the design of the mower, but generally is adjustable by the operator, typically by a single master lever, or by a lever or nut and bolt on each of the machine’s wheels. Larger lawn mowers are usually either self-propelled “walk-behind” Products or more often, are “ride-on” mowers, equipped so the operator can ride on the mower and control it. A robotic lawn mower is designed to operate either entirely on its own, or less commonly by an operator by remote control.
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- The base year for the study has been considered 2017, the historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The lawnmower market is analyzed on the basis of value (USD Billion) and volume (Thousand Units).
- The study delivers a comprehensive analysis of global lawn mower market by Product, End Use and regions.
- The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
- Porter’s Five Forces model is used in order to recognize the competitive scenario in the global lawn mower market. This report incorporates the industry analysis which is focused on providing an extensive view of the lawnmower market.
- The study also includes attractiveness analysis of by Product, End Use and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
- The report provides company profile of the key players operating in the lawn mower market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
- The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
- Increasing awareness and interest in the environmental, health, and social benefits of green spaces to drive market growth
- The rise in the 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.
- The increasing need for well-kept yards and backyard beautification activities across the globe is contributing to the market expansion
- The rising popularity of artificial turf or grass may pose a major threat to the product
- Use of lawn mower as A Service (ACaaS) and mobile-based lawn mower systems may drive the market growth
- The presence of both small and large players alike has spurred the availability of equipment that is lower in quality, negatively impacting growth in the market.
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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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