Press release
Lawn Mowers Market is Expected to be the Fastest Growing Segment by 2030
Lawn Mowers Market
Common types of lawn mowers include ride-on, push, and robotic variants. Among these, the ride-on category dominated the market share in 2020, driven by increased expenditure on lawn upkeep. The market is segmented by application across residential and non-residential sectors and by fuel type, distinguishing between electronic and non-electronic variants.
Key drivers include the growing trend of homeowners investing in lawn maintenance and the introduction of user-friendly mowers with reduced operating and maintenance costs. However, the growing preference for artificial turf poses a challenge to market expansion.
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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.
The advancements in cordless land mowers technologies have significantly increased the usability of lawn mowers for residential purposes owing to ease of usability and lower maintenance costs. Non-electric lawn mowers are extensively used for maintaining turf in commercial spaces such as golf courses and large sports facilities, owing to their higher cutting capacity and long range. In addition, the development of robotic lawn mowers enables the user to maintain turf with minimal efforts.
For instance, in August 2019, American Honda Motor Co., Inc., launched HRN216PKA, HRN216VKA, HRN216VLA, and the HRN216VYA under its new HRN216 Series of lawn mowers that have more power, have a rugged design, offer ease of operation, and require less maintenance. The lawn mowers are powered by Honda GCV170 engine that offers higher power and torque. And Segway Inc., has developed Navimow, which is an automated robotic mower that uses virtual boundaries for operations and eliminates the need for complicated wiring.
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Key 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.
In-depth lawn mowers market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.
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