Robotic Lawn Mower Market Predicted to Grow at a CAGR of 11.4% during the forecast period

The global robotic lawn mower market was valued at USD 635.5 million in 2018 and is expected to reach USD 1,524.3 million in 2026, growing at a CAGR of 11.4% during the forecast period. Safety concerns over traditional lawnmowers, an increase in labor cost, and an increase in demand for noise-free-operating machines are expected to drive the growth of the robotic lawn mower market.

Increase in the average disposable income across developing countries has mainly influenced the demand for a robotic lawn mower in the market. For instance, China’s per capita income enhanced by 9% in 2017 as compared to 2016. Whereas, India’s disposable personal income increased by approximately 9.4% in 2017 as compared to 2016. Additionally, safety concerns over traditional lawn mowers, an increase in labor cost, and an increase in demand for noise free-operating machines are the other driving factors for the global robotic lawn mower market. Moreover, the increasing awareness towards environment and greenery and advancement in connected technologies are expected to create opportunities for the manufacturers in the global market over the forecast period.

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However, the limited lawn area coverage with the help of robotic lawn mower owing to frequent battery charging and continuous monitoring are expected to hamper the growth of the global robotic lawn mower market during the forecast period. Moreover, the high initial investment for the installation of sensors and high-end processors are the prime challenges in the global robotic lawn mower market throughout the forecast period.

Key Findings:

Based on the product, the medium-sized robotic lawn mower segment accounted for approximately 47% of the share in terms of value in the global robotic lawn mower market in 2018.

Based on the application, the residential segment is expected to dominant the market during the forecast period.

North America accounted for nearly 37% share of the global robotic lawn mower market in 2018.

Recent News:

In January 2019, Terra robot lawn mower aimed to launch iRobot in Germany and in the US by the end of 2019.

In February 2019, Husqvarna launched AI enabled robotic mower with all-wheel drive and smart home connectivity.

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