Robotic Lawn Mower Market - Global Outlook and Forecast 2017-2022

The global robotic lawn mower market is likely to cross $2 billion by 2022. The 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. Increased demand for professional landscaping services, which fuels the growth of robotic lawn mower market as these mowers appropriately appeal to a niche target audience. In developing countries, the construction of golf courses, public gardens and parks, and commercial business complexes will drive the growth of the market. The retail distribution channel will be the most preferred one; the online distribution model for the robotic lawn mower market is strong and is set to witness a healthy growth in the next few years. Europe will dominate the market in 2022 both in terms of revenue and shipment.

View Report: https://www.arizton.com/reports/market-analysis/robotic-lawn-mower-market

Major vendors profiled in the report are as following:

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, STIHL

Scope of the Report

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.

The market research report provides the details of the market size in the following:

Revenue
Shipment

This market research report includes a detailed market segmentation of the market by the following segments:

Technology Segmentation

Power garden equipment
Power lawn mower
Electric lawn mower
Gas powered lawn mower
Robotic lawn mower

Distribution Channel

Retail
Specialty store
Supermarket and hypermarket
Online stores

Geographical Segmentation

APAC
Europe
North America
RoW

Country

Canada
China
Germany
Sweden
US

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. Also, growth in the professional landscaping services industry and increased replacement of old lawn mowers with robotic lawn mowers to overcome the safety hazards are the other factors that will push the market growth during the forecast period. The report further analyses the factors that are going to emerge as challenges for the market such as high cost of branded high-end models and increasing competition from Chinese vendors.

The demand for garden equipment is fuelled by factors such as an increase in income level, rise in consumer awareness, increase in aging population, and an increased zeal for backyard beautification. In developed countries, the growth in the construction industry will contribute to the demand for robotic lawn mowers. New construction will further drive the demand for new residences, which are likely to drive the demand for robotic lawn mowers. In developing countries, the construction of golf courses, public gardens and parks, and commercial business complexes drive the growth of the market. The demand will be fuelled by the commercial segment where aesthetic appeal is an important area of consideration. The growth in the unit consumption will increase; however, revenue growth will be hindered by declining prices of robotic mowers during the forecast period. Also, the robotic lawn mower market is increasingly getting commoditized with many low-cost models being introduced in the market on the regular basis.

Robotic Lawn Mower Market: Geographical Analysis

Europe to remain the leader both in terms of revenue and shipment

The report provides the market size of major regions such as APAC, Europe, North America and RoW. The European robotic lawn mowers market will continue to dominate the global market, and is likely to account for market shares of 54.37% and 56.53% in terms of revenue and volume, respectively, in 2022 due to the rising popularity of robotic lawn mowers and declining per unit price of these devices. The market in North America region will be the second largest led by the US market. The robotic lawn mower market in APAC is characterized by the demand for low-cost robotic lawn mowers with autonomy in functioning and navigating. Further, as smart homes market in APAC is likely to grow, the robotic lawn mower market is also expected to increase.

View Report: https://www.arizton.com/reports/market-analysis/robotic-lawn-mower-market

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