Press release
Robotic Lawn Mower Market to Progress Steadily at a CAGR of over 11.5% Between 2021-2031
As per Future Market Insights (FMI), robotic lawn mower market is anticipated to progress steadily at a CAGR of over 11.5% between 2021 and 2031. Driven by increasing construction of public gardens, commercial buildings, and landscaping services, the robotic lawn mower market is projected to surpass US$ 737 Mn in 2021.Get | Download Sample Copy with Graphs & List of Figures:
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The market exhibited imposing CAGR of over 10.0% between 2016 and 2020. Despite challenges posed by COVID-19 outbreak, robotic lawn mower market projected over 4.0% year-on-year growth between 2021 and 2031.
Key Takeaways of Robotic Lawn Mower Market Study
• In terms of segmental analysis, the sales of robotic lawn mowers are expected to remain concentrated to residential end use; nevertheless, sales in the commercial segment are projected to witness hefty growth over the coming years.
• e-Commerce growth across the globe squarely proliferates a robust outlook for manufacturers to sell their robotic lawn mowers through online channels/retail partners such as Amazon, e-bay, Alibaba, The Home Depot, etc.
• Demand in the Europe-based consumer market has grown rapidly in recent years, and still shows a substantial growth opportunity, as the robotic lawn mower market in the region is far from saturation.
• GPS and Bluetooth-enabled robotic lawn mowers and wireless mobile devices are potential investment options for manufacturers. Multiple voice interaction is also being provided in upcoming connected robotic lawn mowers.
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“There is significant potential in the long-run as far as robotic lawn mowers are concerned for lawns in commercial areas, sports fields, hotels, and parks. Thus, companies in the market are positioning themselves to enter the professional/commercial market where requirements for technology and reliability are even higher
Competitive Landscape
The global robotic lawn mower market is significantly consolidated, with a few players holding a prominent share of nearly 50% in the market space.
Some of the key players operating in the global robotic lawn mower market are Husqvarna AB, MTD Products, STIGA S.p.A., KYODO CO., LTD., and Robert Bosch GmbH, among others.
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Moreover, to win over market imponderables and shakeouts, manufacturers such as Husqvarna, MTD, and Honda are expanding their geographic reach to South East Asia & Pacific.
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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