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Projected Growth and Market Dynamics: Global Lawn Mower Market 2024-2029
Lawn Mower Market
What Is The Projected Market Size Of The Global Lawn Mower Market And Its Growth Rate?
The global lawn mower market has shown substantial growth over recent years and is projected to continue growing:
• Market Size in 2024: $27.49 billion
• Projected Market Size in 2025: $29.56 billion (with a CAGR of 7.5%)
• Estimated Market Size in 2029: $40 billion (with a CAGR of 7.9%)
Contributing factors to the strong historic growth include suburbanization and housing developments, increasing homeownership rates, and governmental green initiatives. In the forecast period, the market growth is attributed to urbanization, focus on sustainable lawn maintenance, technological advancements, and changing consumer preferences.
What Is Driving The Growth In The Lawn Mower Market?
The growth of the lawn mower market is heavily tied to rising interest in gardening. Consumers are leveraging lawn mowers to maintain and groom their lawns and gardens, fostering an environment for healthy plant growth. For example, a rise in tree planting rates in England by 40% indicates a correlation with the demand for lawn mowers. This increased engagement in gardening activities is expected to continue propelling market growth.
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Who Are the Key Players Driving Lawn Mower Market Growth?
Key players contributing to the growth of the lawn mower market include:
• Honda Motor Company Limited
• Ariens Company Inc.
• Briggs & Stratton Corporation
• Deere & Company
• Husqvarna AB
• MTD Products Incorporated
• Robert Bosch GmbH
• Robomow North America Inc.
• The Toro Company
What Are The Key Trends In The Lawn Mower Market?
Several significant trends are shaping the lawn mower market:
• Robotic lawn mowers
• Battery-powered mowers
• Advancements in lawn care technology
• Green roofs and sustainable landscaping solutions
• Compact, lightweight models
• Customizable options
• Lithium-ion battery technology
• Growth of online sales and e-commerce platforms
What Are The Segments Of The Global Lawn Mower Market?
The global lawn mower market can be segmented as follows:
1) By Type: Riding Lawn Mowers, Walk-Behind Lawn Mowers, Robotic Or Autonomous Lawn Mowers
2) By Propulsion Type: Electric Lawn Mowers, Internal Combustion Engine (ICE) Lawn Mowers
3) By Lawn Size: Small, Medium, Large
4) By Distribution Channel: Online Distribution Channel, Retail Distribution Channel
5) By End-User: Residential, Commercial
Which Region Leads The Lawn Mower Market?
North America held the largest market share in the global lawn mower market in 2024. Projections for the future suggest that Asia-Pacific will be the fastest-growing region.
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What Is Covered In The Lawn Mower Market Global Market Report?
- Market Size Analysis: Analyze the Lawn Mower Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Lawn Mower Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Lawn Mower Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Lawn Mower Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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