Lawn Mowers Market Analysis by Recent Developments to Reach $53.7 Billion by 2030

The global lawn mowers market is experiencing growth due to several factors, including increased consumer interest in gardening, the use of lawn mowers for maintaining public facilities, and the rising adoption of cordless models. However, the popularity of artificial turf somewhat restrains this growth. Nevertheless, the advent of remote-controlled and GPS-equipped lawn mowers is expected to offer significant opportunities within the industry.

A recent report by Allied Market Research reveals that the global lawn mowers market was valued at $26.2 billion in 2020 and is projected to reach $53.7 billion by 2030, with a compound annual growth rate (CAGR) of 6.8% from 2021 to 2030.

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Market Outlook
The primary types of lawn mowers include ride-on mowers, push mowers, and robotic mowers. The ride-on segment held the largest market share in 2020, driven by increased spending on lawn maintenance. The market analysis covers various applications in residential and non-residential sectors, and it categorizes mowers by fuel type into electronic and non-electronic.

Market growth is fueled by the rise in lawn maintenance activities by homeowners and the development of user-friendly lawn mowers with low operating and maintenance costs. However, the growing popularity of artificial turf poses a challenge to market expansion.

In 2020, North America led the global lawn mowers market in revenue, followed by Europe and Asia-Pacific. The Asia-Pacific market is growing rapidly due to the increased use of lawn mowers in luxury residential complexes, golf courses, and sports facilities.

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Technological advancements in cordless lawn mowers have enhanced their appeal for residential use due to their ease of use and low maintenance costs. Non-electric lawn mowers are popular for commercial applications such as golf courses and large sports facilities due to their higher cutting capacity and longer range. Robotic lawn mowers also offer minimal-effort turf maintenance solutions.

For example, in August 2019, American Honda Motor Co., Inc. launched the HRN216 Series of lawn mowers, which feature powerful engines, rugged designs, ease of operation, and low maintenance requirements. Similarly, Segway Inc. developed Navimow, an automated robotic mower that operates using virtual boundaries, eliminating the need for complex wiring.

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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.

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