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Lawn Mowers Market Size, Share Analysis, Top Players, And Forecast To 2033
Lawn Mowers Market Size
According to The Business Research Company's, 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 growth in the historic period can be attributed to marketing and branding strategies, government regulations and standards, economic factors and affordability, market demand for smart features, urbanization and housing trends..
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%. The growth in the forecast period can be attributed to rise in environmentally friendly solutions, shift towards robotic mowers, government incentives and regulations, consumer demand for convenience, focus on performance and efficiency.. Major trends in the forecast period include advancements in battery technology, customization and versatility, compact and lightweight designs, focus on efficiency and performance, shift to electric-powered mowers..
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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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
Lawn Mowers Market 2024 Key Insights:
• The lawn mowers market will grow to $43.4 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
• Increasing Sports Activities Drives The Lawn Mowers Market
• Robotic Lawn Mowers Transforms The Market
• North America was the largest region in the lawn mowers market in 2023
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