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The latest business report on the Power Lawn Mower market highlights crucial information about the industry segmentations and elaborates on the expansion opportunities, key growth drivers, and challenges that will define performance standards for this overall business vertical over the anticipated model. According to industry experts, this business space will expand at a steady compound annual growth rate Major organizations in this marketplace as well as critical geographical data are thoroughly examined. The study evaluates the competitive landscape and determines the number of factors that will boost the overall business scenario.
Global Power Lawn Mower Market is valued approximately at USD 9.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.1% over the forecast period 2020-2027. A lawn mower is a machine used with the aid of one or two rotating blades to cut a grass surface to an even height. Depending on the mower 's configuration a lawn mower can be categorized into manual lawn mower and power lawn mower. Some of the factors driving the growth of powered lawn mowers market over the forecast period are low-noise blades of electric powered lawn mowers, rising fuel prices leading to increased battery operated and various environmental concerns. According to the Short-term Energy Outlook by the U.S. Energy Information Administration (EIA), Oil prices in the second quarter of 2020 averaged $23 / b but rise to $30 / b in the second half of the year. The average per barrel for 2020 will be $33 / b, down from $64 / b in 2019. In 2021 prices will go up to $46 / b. Powerful engine, lightweight build and large grass collector are the opportunity factors. The shorter battery running time, which can only run for 40 to 70 minutes, compared to the longer running time of gas-powered lawn mowers is the restraining factor.
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Global Power Lawn Mower market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Due to increased demand for more aesthetic appeal to residential or commercial properties, North America is expected to dominate the global powered lawn mowers market. Regions of Western Europe and Eastern Europe are expected to hold a considerable share in the global market for powered lawn mowers, attributed to technological advances and preferable large gardens and lawns. The Middle East and Africa are projected to be an attractive region due to growing customer interest in greener and more attractive buildings with increasing expenditure on recreational activities.
Major market player included in this report are:
American Lawn Mower Company
Unison Engg Industries (A Unison Group of Companies)
Rank Engineering
Husqvarna AB
D&D Motor Systems, Inc.
Hayter Limited
Mean Green Products
CHP, Inc.
GGP UK Ltd.
Hayter
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Mower
Trimmer & Edger
Snow Thrower/Blower
Rotary Tiller
Blower, Vacuum, and Sweeper
Others (Sprayer, Sprinkler)
By Application:
Residential
Commercial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year a?? 2017, 2018
Base year a?? 2019
Forecast period a?? 2020 to 2027
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Goals and objectives of this Report
- Understanding the opportunities and progress of Global Market highlights, as well as key regions and countries involved in market growth.
- Study the different segments of the Global Market and the dynamics of Global Market in the market.
- Categorize Global Market segments with increasing growth potential and evaluate the futuristic segment market
- To analyze the most important trends related to the different segments that help to decipher and convince the Global Market.
- To verify region-specific growth and development in the Global Market.
- Understand the key stakeholders in the Global Market and the value of the competitive image of the Global Market leaders.
- To study key plans, initiatives and strategies for the development of the Global Market.
Key questions answered in the report:
- Which are the five top players of the Global Market?
- How will the Global Market change in the next five years?
- Which product and application will take a lion's share of the Global Market?
- What are the drivers and restraints of the Global Market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the Global Market throughout the forecast period?
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