Press release
Powered Lawn Mowers Market Value to Cross USD 2,323.8 million by 2033
Powered Lawn Mowers Market
The Powered lawn mower Market Size is poised for significant financial gains, exhibiting a promising CAGR of 4.5% during the projected period. Projections indicate that the overall market is expected to yield sales exceeding USD 2,323.8 million by 2033, a notable increase from the USD 1,496.3 million recorded in 2023.
This upsurge in powered lawn mower sales can be attributed to the escalating prevalence of gardening and lawn maintenance activities, coupled with a growing emphasis on comprehensive lawn care. To cater to the diverse requirements of discerning consumers, manufacturers have expanded their product offerings, presenting a range of options such as variable cutting widths, adjustable heights, and an assortment of attachments.
Technological advancements have revolutionized the functionality of lawn mowers, facilitating precise cutting, enhanced energy efficiency, and heightened user convenience. Moreover, industry players have placed significant emphasis on the integration of sustainable and eco-friendly elements across all equipment and machinery, underscoring their commitment to ecological stewardship.
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In particular, there is a growing market for electric-powered lawn mowers as environmental concerns become more widely known in emerging economies. Compared to conventional gas-powered versions, electric-powered lawn mowers are quieter, generate fewer pollutants, and require much less maintenance throughout their lifetime.
Key Takeaways from the Powered Lawn Mowers Industry Study Report
• The United States holds a dominant share of the global market, contributing 28.3% of the total revenue generated in 2022.
• In Europe, Germany is the leading manufacturer of powered lawn mowers and held a global market share of 6.2% in 2022.
• The demand for powered lawn mowers in the United Kingdom is anticipated to continue at 3.5% from 2023 to 2033.
• India is the emerging market for powered lawn mowers and is anticipated to capture a CAGR of 5.7% through 2033.
Residential Renaissance Driving Demand of Powered Lawn Mowers Industry
Across North America, a resurgence in residential interest is propelling the demand for electric garden tools, particularly powered lawn mowers. The allure of well-maintained lawns and landscapes is prompting homeowners to invest in these efficient and environment-friendly solutions. This residential trend has not only boosted the market's growth but also reshaped consumer preferences toward electric alternatives, contributing to the rapid expansion of the powered lawn mower market.
Commercial Landscapes Embrace Electric Power
The influence of powered lawn mowers is not limited to residential spaces. Commercial settings such as parks, public gardens, sports arenas, and more are also adopting these electric solutions at an accelerating pace. The demand for efficient and eco-friendly maintenance tools in these areas is driving the transition towards powered lawn mowers, further amplifying the market's size and scope.
As North America's powered lawn mower market witnesses this dual surge - driven by residential and commercial sectors - Future Market Insights remains committed to providing comprehensive insights into this evolving landscape.
Competitive Landscape for the Powered Lawn Mowers Industry Players
American Lawn Mower, Unison Engg, Rank Engineering, Husqvarna, D&D Moto, Hayter, MEAN GREEN, CHP, GGP, and Hayter are some top players in this market. Additionally, new players are emerging and improving their positions in developed and emerging countries by growing their distribution networks. Forming strategic alliances with nearby dealers, online merchants, and home improvement businesses is a prominent strategy all players adopt.
Manufacturers of powered lawn mowers have been actively expanding their operations to take advantage of recent cutting-edge technology developments. They are integrating Internet of Things (IoT) connection, robotic automation, and superior material into their products to gain a competitive edge over their rivals. Moreover, producers are focusing on research and development to enhance the efficiency and robustness of lawn mowers to fulfill the changing demands of consumers.
Recent Developments by the Powered Lawn Mowers Manufacturing Industries
In mid-2022, Honda unveiled its new self-propelled HRG536X lawn mower with additional features. It has a brushless electric motor, which is more effective and silent than conventional gasoline engines. Additionally, it offers a variety of safety features, including a safety key and a blade brake.
In 2021, Toro unveiled its new category of SmartStowTM technology lawn mowers. These new types of lawn mowers can now be folded and stored upright, saving room in the garage.
In July 2020, EGO made their Power+ 56V cordless lawnmowers available in the market. EGO 56V batteries, which have a duration of up to 75 minutes, are used to power this mower. It also boasts several user-friendly features, including a self-propelled motor and variable speed control.
Key Segments Profiled in the Powered Lawn Mowers Industry Survey
By Material Type:
• Steel
• Polymer
• Polypropylene
By Source of Power:
• Gas-Powered
• Electric-Powered
• Battery-Powered
By Cutting Systems:
• Reel Mowers
• Rotary lawn mowers
By Region:
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• Japan
• The Middle East and Africa
Related Reports:
Cryogenic Valves Market: https://www.futuremarketinsights.com/reports/cryogenic-valves-market
Agricultural Sprayers Market: https://www.futuremarketinsights.com/reports/crop-sprayers-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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