Lawn Mower Market: Advanced Technologies & Growth Opportunities in Industry during 2019 -2026

Allied Market Research published a new report, titled, "Lawn Mower Market". The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Global lawn mower industry was pegged at $9.75 billion in 2018 and is projected to reach $14.59 billion by 2026, registering a CAGR of 5.1% from 2019 to 2026. Rise in consumer interest in gardening activities, increase in adoption of cordless lawnmowers, and usage of lawnmowers equipment to maintain public facilities have boosted the growth of the global lawn mower market. However, high adoption of artificial turf hampers the market growth. On the contrary, emergence of remote-controlled and GPS-equipped products is expected to create lucrative opportunities in the near future.

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The robotic mowers segment is expected to register the fastest CAGR of 10.1% during the forecast period, owing to rapid launches of new products by market players to improve product portfolio and intense competition. However, the ride-on mowers segment held the largest share in 2018, contributing to nearly three-fifths of the global lawn mower market, owing to the factors such as fuel cost-saving and energy-efficient.

The residential segment held the lion's share in 2018, contributing to more than three-fifths of the global lawn mower market, owing to increase in personal disposable income, changing lifestyle, and increase in DIY activities. However, the non-residential segment is projected to manifest the fastest CAGR of 6.1% during the forecast period, owing to rise in the construction of government-owned offices and properties in developing countries such as Brazil, India, and China.

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The global lawn mower market across North America dominated in 2018, contributing to nearly half of the market, owing to increase in popularity of green spaces and green roofs and rise in demand for backyard beautification among the residential sector. However, the Asia-Pacific region is anticipated to register the fastest CAGR of 9.5% during the study period, owing to annual events in Asia such as IPL and other sports activities that boost the need to enhance sports fields and stadium.

Major market players in lawn mower industry are Andreas Stihl AG & Co. KG, Hitachi, Ltd., Deere & Company, Husqvarna Group, Honda Motor Co., Ltd., Robert Bosch GmbH, MTD Products, The Toro Company, Stiga S.p.A, and Textron.

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Key offerings of the report:

o Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
o Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
o Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
o Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
o Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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