Press release
Robotic Lawn Mower Global Market Size, Growth, Share, Regional Prospects, New Opportunities and Forecast 2033 | Husqvarna Group, MTD Products Inc., Bosch Limited, Kress Robotics Ltd., The Kobi Company
Robotic Lawn Mower Global Market
Robotic Lawn Mower Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $4.71 billion In 2028 At A CAGR Of 15.3% :
The robotic lawn mower market size has grown rapidly in recent years. It will grow from $2.32 billion in 2023 to $2.66 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to increased awareness among consumers, increased focus on eco-friendly lawn care solutions, increased labor costs, an aging population, and growth in competition among manufacturers.
The robotic lawn mower market size is expected to see rapid growth in the next few years. It will grow to $4.71 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to increasing IoT connectivity, increasing disposable income, increasing demand for robotic lawnmowers, changing consumer lifestyles, and expansion into new geographical markets. Major trends in the forecast period include emerging new technologies, advanced AI-based technological solutions, IoT-enabled unmanned lawn mowers, and the incorporation of cutting-edge technologies.
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Robotic Lawn Mower Market Major Segments
The robotic lawn mower market covered in this report is segmented -
1) By Lawn Area: Small Sized, Medium Sized, Large Sized
2) By Technology: Non-Smart, Smart
3) By Distribution Channel: Offline, Online
4) By End-User: Residential, Professional Landscaping Services, Sports Field And Golf Courses, Other End Users
Key Driver - Rising Smart Home Integration Fuels The Robotic Lawn Mower Market
The increasing integration of smart homes is expected to propel the growth of the robotic lawn mower market going forward. Smart home integration refers to the process of connecting and synchronizing various household devices and systems to enable centralized control and automation through a single interface or platform. The growth of smart home integration is being driven by several factors, including growing awareness among consumers, rising demand for home automation, and increasing concerns about home security. Smart home integration in smart lawn mowers allows users to control and monitor their lawn care remotely through their smart home systems, such as smartphones or voice assistants. Robotic lawn mowers are equipped with cellular or Wi-Fi connectivity, enabling integration with smart home devices to facilitate effortless lawn maintenance activities. For instance, in July 2023, according to a Canadian Internet Use Survey conducted by Statistics Canada, a Canada-based government agency, the utilization of Internet-connected smart home devices witnessed a steady increase in Canada, rising from 42% in 2020 to 47% in 2022. Therefore, the increasing integration of smart homes is driving the growth of the robotic lawn mower market.
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Prominent Trend - Introduction Of Technologically Advanced Mowers To Provide Efficient Lawn Maintenance Options
Major companies operating in the robotic lawn mower market are focused on providing technologically advanced mowers, such as AI-based robotic lawn mowers, to gain a competitive edge in the market. AI-based robotic lawn mowers refer to robotic lawn mowing devices equipped with artificial intelligence (AI) capabilities to autonomously navigate, adapt, and operate effectively in various lawn environments. For instance, in March 2024, Segway Inc., a US-based manufacturer of robotics and personal transportation, launched the Navimow i Series robotic lawn mower designed for lawn maintenance. The Navimow i Series utilizes advanced AI technology to enhance mapping precision. The mower's AI-driven assistant identifies the lawn's edges during mapping and autonomously navigates the entire area. Users can easily adjust and refine the working area through the app based on the AI assistant's map for optimal performance.
Robotic Lawn Mower Market Players
Major companies operating in the robotic lawn mower market report are Honda Motor Co. Ltd.; John Deere Equipment Private Ltd.; SUMEC Hardware & Tools Co. Ltd; Stanley Black And Decker Inc.; Andreas Stihl AG & Co. KG; Husqvarna Group; MTD Products Inc.; Bosch Limited; Zucchetti Centro Sistemi Spa; Greenworks (Jiangsu) Co. Ltd.; iRobot Corporation; AL-KO Technology Group; Worx Inc. Ltd.; Gardena GmbH; STIGA S.p.A.; Volta Automation Co. Ltd.; Redback Power LLC; Cub Cadet Corporation; Robomow Inc.; McCulloch Motors Corporation; Kress Robotics Ltd.; The Kobi Company; Cleva Europe Ltd.; Ego Power Plus; Robin Autopilot Holdings LLC
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Largest And Fastest Growing Region In The Market
Europe was the largest region in the robotic lawn mower market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic lawn mower market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Robotic Lawn Mower Market Report Structure
3. Robotic Lawn Mower Market Trends And Strategies
4. Robotic Lawn Mower Market - Macro Economic Scenario
5. Robotic Lawn Mower Market Size And Growth
…..
27. Robotic Lawn Mower Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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