Press release
Lawn Mowers Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033
The new report published by The Business Research Company, titled "Lawn Mowers Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the lawn mowers market size has grown strongly in recent years. It will grow from $29.5 billion in 2023 to $31.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The lawn mowers market size is expected to see strong growth in the next few years. It will grow to $43.4 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
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Increasing Sports Activities Drives The Lawn Mowers Market
Rising sports activities are expected to propel the growth of the lawn mowers market going forward. Sports activities refer to any human activities that focus primarily on physical effort and ability, with aspects of competition or social interaction. Lawn mowers are used to mow sports grounds in order to hold several sporting activities. It involves following mowing schedules, upholding safety standards, and preserving the health of the turf throughout lengthy and taxing seasons. For instance, in February 2023, according to a report published by the Sports & Fitness Industry Association (SFIA), a US-based trade association, a total of 236.9 million individuals, constituting 77.6% of the entire American population, engaged in at least one sports activity throughout the calendar year in 2022. Notably, Pickleball continued its remarkable surge and retained its status as the fastest-growing sport, witnessing an impressive 85.7% year-over-year increase and a staggering 158.6% growth over the span of three years. Therefore, the rising number of sports activities is driving the growth of the lawn mower market.
Robotic Lawn Mowers Transforms The Market
Major companies operating in the lawn mower market are developing robotic lawn mowers to sustain in the market. Robotic lawnmowers are fully autonomous and can operate without direct human control. For instance, in August 2023, HOOKII, a China-based lawn care solutions provider, launched Neomow X. The Neomow X distinguishes itself with its utilization of LIDAR SLAM (Light Detection and Ranging Simultaneous Localization and Mapping) navigation, featuring obstacle avoidance technology, making it well-suited for lawns up to 5,000 square meters. A standout characteristic is its ability to efficiently navigate lawns without the requirement for peripheral boundary lines, thanks to LiDAR SLAM navigation. Smart obstacle avoidance tools ensure the detection of larger plants, trees, and animals, enabling safe maneuvering around them. The mower allows users to manage multiple zones and offers adjustable cutting heights ranging from 30 to 85 millimeters through the accompanying mobile app. With a front-wheel-drive design, the Neomow X covers 300 square meters per hour with a 280 mm blade width. Notably, the machine is equipped with four large wheels, providing enhanced traction suitable for slopes up to 45° or uneven terrain.
The lawn mowers market covered in this report is segmented -
1) By Product: Manual, Electric, Petrol, Robotic, Other Products
2) By Battery Type: Lithium-ion, Lead Acid
3) By Distribution Channel: Online channel, Retail channel
4) By End-user: Residential, Commercial or Government
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Major companies operating in the lawn mowers market report are American Honda Motor Co. Inc., Ariens Company, Briggs & Stratton Corporation, Deere & Company, Falcon Garden Tools, Fiskars Oyj, Husqvarna Group, MTD Products, Robert Bosch GmbH, Robomow Friendly House, The Toro Company , Andreas Stihl AG & Co. KG, Stanley Black & Decker Inc., Stiga S.p.A, Hitachi Ltd., Kubota Corporation, Honda Motor Co.Ltd., Craftsman, Changzhou Globe Co. Ltd., Stanley Black & Decker Inc., Poulan Pro, Snapper Inc., Ryobi - Techtronic Industries Co. Ltd., The Scotts Miracle-Gro Company, Snow Joe LLC, Worx-Positec Tool Corporation, EGO Power+ Chervon Ltd., Earthwise - American Lawn Mower Co., Troy-Bilt LLC, Cub Cadet .
Contents of the report:
1. Executive Summary
2. Lawn Mowers Market Report Structure
3. Lawn Mowers Market Trends And Strategies
4. Lawn Mowers Market - Macro Economic Scenario
5. Lawn Mowers Market Size And Growth
…..
27. Lawn Mowers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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