Press release
Zero Turn Mower Market A Worth Observing Growing at a CAGR of 6.1% from 2021 to 2030
Predetermines the Growth:Rise in use of zero-turn mowers on periodical basis to maintain the lawn in Europe and North America, use of modern technologies to increase productivity, surge in launch of different varieties of zero turn mowers for various applications, and increase in the demand for zero turn mowers in commercial industries drive the growth of the global zero turn mower market. However, decrease in the life cycle costs of the products that reduce the maintenance and operating cost of the mowers create new opportunities in the coming years.
The global zero turn mower market generated $854.0 million in 2020, and is estimated to generate $1.57 billion by 2030, witnessing a CAGR of 6.1% from 2021 to 2030. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenarios, and competitive landscape.
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The report offers detailed segmentation of the global zero turn mower market based on horsepower, cutting width, application, and region.
Based on horsepower,the more than 25 HP segment held the highest market share in 2020, accounting for around three-fifths of the total share, and is projected to maintain its leadership status during the forecast period. However, the less than 25 HP segment is estimated to grow at the fastest CAGR of 6.7% from 2021 to 2030.
Based on application,the industrial segment accounted for the largest share in 2020, contributing to more than half of the global zero turn mower market, and is expected to maintain its lead position during the forecast period. However, the residential segment is projected to portray the highest CAGR of 6.4% from 2021 to 2030.
Based on region, North America contributed the highest share in 2020, accounting for more than half of the total share, and is expected to continue its dominant share in terms of revenue by 2030. However, Asia-Pacific is projected to manifest the largest CAGR of 7.9% during the forecast period.
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Zero turn mowers are a type of mowers that are used for grass cutting applications and provide applications for every lot size. The zero turn mowers have zero degree turning radius and turn on six pence, providing applications for different areas, such as golf courses, athletic fields, and parks. In addition, the zero turn mowers can be stand on, wall behind, or the riding mower.
Leading Players:
Leading players of the global zero turn mower market discussed in the research include Generac Power Systems, Inc., Deere & Company, Altoz, BigDog Mower Co., Ariens, Husqvarna AB, Textron Inc., Stanley Black & Decker, Inc., Bad Boy Mowers, and The Toro Company.
KEY FINDINGS OF STUDY
The report provides an extensive analysis of the current and emerging global zero turn mower market trends and dynamics.
Depending on application, the residential segment was the largest revenue generator in 2020.
By product type, the 50 to 60 inches segment generated the highest revenue in 2020.
On the basis of horsepower, the 15-25 HP segment dominated the market in 2020.
Region-wise, North America is anticipated to dominate the global zero turn mower market throughout the study period.
The report provides an extensive analysis of the market trends and emerging opportunities of the market.
The global zero turn mower market forecast analysis from 2021 to 2030 is included in the report.
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