The global robotic lawn mower market is likely to cross $2 billion by 2022

The robotic lawn mower market is expected to grow at a CAGR of 17% in terms of revenue and approximately 20% in terms of shipment during the forecast period.

View the Latest report by Arizton on Robotic Lawn Mower Market

Click here: https://www.arizton.com/reports/smarttech-market-analysis/robotic-lawn-mower-market

The report includes a detailed study of growth drivers, trends, and restraints of the global robotic lawn mower market. To arrive at the market size, the top-to-bottom approach has been implemented. In the top-to-bottom approach, the global revenue for overall lawn mowers was arrived by considering the sales revenue of major OEMs/equipment providers. Then, the penetration of robotic lawn mower was derived based on the number of urban households in various regions and the existing traditional lawn mower user base.

Market Concentration is high in Europe

The global robotic lawn mower market is highly concentrated with a limited number of small and large-sized players, and the competition among these players is intense. Market concentration in developed countries such as Europe is high, while the market is more fragmented in developing countries such as APAC because of the presence of local vendors who provide low-cost robotic lawn mowers.

Major vendors in the global market are Friendly Robotic/Robomow, Global Garden Products, Husqvarna, Robert Bosch, Zucchetti Centro Sistemi.

Other prominent vendors in the market include AL-KO, Belrobotics, Deere & Co., E. ZICOM, Hangzhou Favor Robot Technology, Hitachi, Honda, Kobi, LG, Linea Tielle, Mamirobot, Milagrow HumanTech, MTD Products, Positec Tool, and STIHL.

Preference of smart robotic technologies and adoption of smart home to drive the market

Increased adoption of smart robotic technologies among end-users across the world is the latest trend that is going to bolster the market growth. In addition, the growth in the value of green spaces and green roofs worldwide, and the adoption of smart home concept is also having a positive effect on the market growth. Decreased time for household activities and growth of aging population, increased promotional and marketing activities resulting in the better visibility of different products are among the other driving factors that are likely to impact the market.

The report provides a holistic view of the global robotic lawn mower market, the companies involved in the market, and the factors driving its growth. The report also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global robotic lawn mower market.

For more information view report: https://www.arizton.com/reports/smarttech-market-analysis/robotic-lawn-mower-market

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Source: Arizton Advisory & Intelligence reports

Click Here: https://www.arizton.com/reports/smarttech-market-analysis/robotic-lawn-mower-market

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