Lawn Mowers Market Business Strategies at CAGR of 6.8% With Size,Share, Trends 2030

Rise in consumer interest in gardening activities, use of lawn mowers to maintain public facilities, and surge in adoption of cordless lawn mowers drive the growth of the global lawn mowers market. On the other hand, high adoption of artificial turf restrains the growth to some extent. However, emergence of remote-controlled and GPS-equipped products is expected to create lucrative opportunities in the industry.

The global lawn mowers market size was valued at $26.2 billion in 2020, and is projected to reach $53.7billion by 2030, registering a CAGR of 6.8% from 2021 to 2030.

Commonly observed types of lawn mowers are ride-on mower, push mower, and robotic mower. Among these, the ride-on segment accounted for the highest market share in 2020, owing to surge in spending on lawn maintenance activities. The market is analyzed with respect to different applications in industrial verticals such as residential and non-residential and by fuel type based on electronic and non-electronic. The market is mainly driven by rise in lawn maintenance activities by home owners and development of lawn mowers that are easy to handle and have low operating &maintenance cost. However, increase in popularity of artificial turf constraints the growth of the market.

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The ride-on mowers segment to maintain the lion's share-

By equipment type, the ride-on mowers segment accounted for the highest market share in 2020, generating around three-fifths of the global lawn mowers market, due to its extensive use for non-residential applications. The robotic mowers segment, however, is anticipated to cite the fastest CAGR of 13.2% from 2021 to 2030. This is because it gives way to reduced requirement of labor enabled by remote control of operations.

The non-electronic segment to lead the trail-

By fuel type, the non-electronic segment generated the highest share in 2020, holding more than four-fifths of the global land mowers market. Rapid growth of the chemical and pharmaceutical industries propels the segment growth. The electronic segment, on the other hand, is expected to cite the fastest CAGR of 9.1% from 2021 to 2030. This is attributed to its ability to produce high purity nitrogen and high durability.

North America to dominate by 2030-

By region, North America contributed to the major market share in terms of revenue 2020, holding nearly half of the global lawn mowers market, owing to steady demand from residential users fueled by high per capita income and huge number of green spaces in North America. The Asia-Pacific region, simultaneously, is projected to cite the fastest CAGR of 10.4% from 2021 to 2030, due to increase in number of sports activities and rise in number of amusement & recreational parks in the province.

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Top Players:
The key players profiled in the lawn mower market report include Andreas Stihl AG & Co. KG, Deere & Company, Honda Motor Co., Ltd., Husqvarna Group, Koki Holdings Co., Ltd., Robert Bosch GmbH, Stanley Black & Decker Inc., Stiga S.p.A, Textron and The Toro Company.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging lawn mowers market trends and dynamics.
• Depending on type, the ride-on mowers dominated the lawn mower market, in terms of revenue in 2020 and the robotic mower segment is projected to grow at a significant CAGR during the forecast period.
• By end user, residential segment registered highest revenue in2020.
• Asia-Pacific is projected to register highest growth rate in the coming years.
• The key players within the lawn mowers market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the lawn mower industry.
• The report provides an extensive analysis of the current trends and emerging opportunities of the market.

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