APAC Robotic Lawn Mower Market growing at an impressive CAGR of approx.29% by 2023 | Arizton

The global robotic lawn mowers market is estimated to reach revenues of approximately $3 billion by 2023, growing at a CAGR of more than 15% during 2017-2023.

Arizton’s recent market research report on the global robotic lawn mower market identifies Husqvarna, MTD Products, Robert Bosch, STIGA, and Zucchetti Centro Sistemi (ZCS) as the leading vendors that are likely to dominate the market during the forecast period. This research report provides a detailed analysis of market segmentation by lawn size (small-size, medium-size, and large-size), by end-user type (residential user and commercial user), by distribution channel (retail and online), and by geography (APAC, Europe, North America, and ROW).

View report details: https://www.arizton.com/market-reports/robotic-lawn-mower-market-2023

The global robotic lawn mowers market is divided into four major segments that include lawn size, end-users, distribution channel, and geography.

APAC to grow at the fastest CAGR in the global robotic lawn mowers market during forecast period

The global robotic lawn mowers market by geography is segmented into APAC, Europe, North America, and ROW.

Robotic Lawn Mowers Market in APAC to Worth $200 Million by 2023. APAC is the fastest growing market at an impressive CAGR of approximately 29% during the forecast period.

The increasing awareness and adoption of smart home technology are encouraging end-users to adopt smart robotics for domestic application in the APAC region. The growth and the robust development of manufacturing industries, including automotive, construction, chemicals, defense, and aerospace will create a demand for advanced technology in the APAC region. The bolstering demand for gardens and recreational parks is creating a need for maintenance and lawn services, thereby, driving the demand for lawn mowers in the APAC robotic lawn mowers market. The growing demand for aesthetic appealing properties, increasing popularity of landscaping, and rise in mechanization is driving the investments for new garden equipment with multiple applications in the APAC market. China, Australia, Japan, and South Korea are the major revenue contributors in the robotic lawn mowers market in APAC. The increase in disposable income that is enhancing end-users’ sentiments and rising expenditure on high-end products will boost the demand for these garden equipment in the APAC market.

Medium-sized lawns to grow at a considerable CAGR in the global robotic lawn mowers market during forecast period

The lawn type segment in the global robotic lawn mowers market is categorized into small-size (less than 32,300 sq. ft./3,000 sq. m.), medium-size (32,301 sq. ft.−107,370 sq. ft./3,001 sq. m.−10,000 sq. m.), and large-size (over 107,370 sq. ft./10,000 sq. m). The extensive use of lawn mowers for commercial entities as a landscaping service firms and clubs such as soccer clubs and golf course clubs will augment the growth of this segment in the global robotic lawn mowers market. The lawn mowers primarily used in this segment consist of professional landscaping services. The leading firms engaged in this category buy lawn mowers with high capacity to mow medium to large areas resulting in the increase in the commercial application of these devices in the global robotic lawn mowers market during the forecast period.

Husqvarna, STIGA, ZCS (Ambrogio), Yamabiko Europe (Belrobotics), and Robomow (MTD Products) are some of the most prominent players catering to the medium-sized lawn mowers in the global market.

ZCS has L250i ELITE S+, L350i ELITE, L400i B models of lawn mowers to serve lawns, gardens, and parks falling under this segment. Husqvarna also launched Automower 550 series to serve bigger lawns in the UK and the US market.

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Commercial end-user segment to grow at a considerable CAGR in the global robotic lawn mowers market during forecast period

The global robotic lawn mowers market by end-users is divided into residential user and commercial user (professional landscaping services and sports fields, golf courses, and others). The commercial segment dominated a significant market share in 2017, growing at a CAGR of more than 18% during the forecast period. The growing popularity of a “green premium” for properties by warding off energy inefficiency in Europe, the US, and Australia by landscaping is propelling the growth of this market segment in the global market. Various commercial spaces in the global market are replacing paved areas with grass, planting trees to provide shade, and using shrubbery to create windbreaks, thereby, fueling the growth of lawn mowers in the global robotic lawn mowers market. The growing demand for professional landscaping services and maintenance need for soccer fields, and golf courses will have a positive impact on the overall global robotic lawn mowers market.

The other prominent players in the global robotic lawn mowers market are AL-KO, Deere & Co., E.ZICOM, Hangzhou Favor Robot Technology, Hitachi, Honda, Linea Tielle, LG, Milagrow HumanTech, Mamirobot, Positec Tool, STIHL, SUMEC (Yard Force) The Kobi Company, Turflynx, Yamabiko, and Zhejiang Tianchen Intelligence & Technology.

The complete overview of the latest market research report on global robotic lawn mower market by Arizton is now available.

The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.

Order a report now: https://www.arizton.com/market-reports/robotic-lawn-mower-market-2023

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