(MENAFN- GlobeNewsWire - Nasdaq) Sandy, Utah, USA, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Lawn Mowers Market Size, Trends and Insights By Type (Ride-on Mower, Push Mower, Robotic Mower), By Fuel Type (Electronic, Non-electronic), By End use (Residential, Non-residential), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global lawn mowers market size & share was valued at approximately USD 28.7 Billion in 2021 and is expected to reach USD 17.4 billion in 2022 and expected to reach a value of around USD 46.1 Billion by 2030, at a compound annual growth rate (CAGR) of about 5.4%during the forecast period 2022 to 2030.”
The blades of lawn mowers can be manually powered or have a self-contained power source such as an electric motor or internal combustion engine. Lawn mowers are equipped with a wide range of cut height adjustments that enable the operator to achieve the desired height of the grass. Robotic automated lawn mowers are used widely owing to their convenience and ease of operation.
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Regional Snapshots
The availability of open space in the backyard of houses in the North American region and the growing requirement for backyard improvement and modification for multiple uses is likely to boost the growth of the market. Furthermore, with an increasingly busy working lifestyle people find it difficult to keep their backyard lawns clean, and growing consumer demand for convenient automated machines is being manufactured increasingly. The taking help of these robotic tools in the maintenance of the residential lawn has boosted the market growth.
The Asia Pacific has also shown remarkable growth in the lawn mowers market owing to rapid urbanization which has led to the rise in residential and commercial construction activities. The development of public gardens and lawns has also triggered the demand for the lawn mowers market.
Market Dynamics
Growth Drivers
The increased global tourism industry has significantly boosted the number of hospitality buildings such as resorts, hotels, amusement parks, and others across the globe, thereby increasing the use of different types of lawn mowers for maintaining the aesthetical appearance of these properties. This is anticipated to increase the growth of the lawn mowers market during the forecast period. In addition, the increase in the demand for automated robotic lawn mowers in the residential and commercial sectors has boosted market growth.
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Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report. The COVID-19 Pandemic Outbreak Impact Analysis is included in the package About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022 Includes Tables and figures have been updated The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology
(Please note that the sample of the Lawn Mowers report has been modified to include the COVID-19 impact study prior to delivery.)
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Restraints
However, many countries such as Dubai, India, the U.S., Saudi Arabia, and others are implementing stringent norms and regulations on the use of automated and electronic lawn mowers owing to these it has hampered the growth of the lawn mowers market. In addition, lawn mowers are typically dirty and noisy. Coming into contact with the mower blades may have an adverse effect, and being hit by the objects thrown by the rotating mower blade, and fires may cause by refuelling while the engine is still hot. These factors together may disturb the growth of the lawn mowers market.
Opportunities
Emerging technologies like AI (artificial intelligence) and the adoption of GPS system in automated robots has escalated the demand for the lawn mowers market. These factors are propelling the market growth.
In addition, there are several key manufacturers, especially in the North America and Europe region that are offering renting services of various lawn mowers that include robotic automated mowers, electronic-based, and others for maintenance of lawns. These factors together anticipate the market growth; thus, creating lucrative opportunities for the market during the forecast period.
Challenges
Over the forecast period, high expenditure investments in R&D development to accommodate the modifications while adhering to strict emissions rules. Such factors add to the restrictions on the growth of the lawn mower market in various countries. The high cost of robotic automated lawn mowers has made consumers shift to other substitutes. These are major challenging factors in the lawn mower market .
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 28.7 Billion |
| Projected Market Size in 2030 | USD 46.1 Billion |
| CAGR Growth Rate | 5.4% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Andreas Stihl AG & Co. KG, Ariens Company, Briggs Stratton, Deere & Company, Falcon Garden Tools, Fiskars, Honda Motor Co., Ltd., Husqvarna Group, Koki Holdings Co., MTD Products, Robert Bosch GmbH, Robomow Friendly House, Stanley Black & Decker Inc., Stiga S.p.A, Textron., The Toro Company, and Others |
| Key Segment | By Type, Fuel Type, End Use, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. explore purchase options |
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Report Highlights
On the basis of products, the segment includes ride-on mowers, push mowers, and robotic mowers. The robotic mower segment is likely to sustain its pole position during the forecast period. This is due to the rise of GPS-enabled and remote-controlled products that have made lawn cleaning and maintenance activities easy thus, it is saving the time of the users in such a tedious task. Furthermore, there are several key manufacturers have launched robotic mowers in the market. For instance, iRobot Corporation has developed the Terra t7 Robot Mower which is an autonomous robotic lawn mower used for smart mapping technology for mowing operations and is capable of avoiding obstacles. These factors together may act as one of the key drivers responsible for the growth of the robotic mower segment in the market.
On the basis of end-use, the segment includes residential and non-residential. The residential segment dominated the market. The rise in population, improvement in the standard of living, and rapid shift towards decorative and attractive residential activity boosted the lawn mowers' growth. In addition, new housing and residential real estate project has been increased in the North America region which is anticipated to offer new growth opportunities for the residential segment.
On the basis of fuel type, the segment includes electronic and non-electronics. Owing to advancements in battery-powered engines have increased the efficiency and durability of these mowers, making them one of the popular choices among users. There is an expected to increase in the potential sales of electronic fuel; thus, creating remunerative opportunities for the market.
Key questions answered in this report:
What is the size of the Lawn Mowers market and what is its expected growth rate? What are the primary driving factors that push the Lawn Mowers market forward? What are the Lawn Mowers Industry's top companies? What are the different categories that the Lawn Mowers Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Lawn Mowers market sample report and company profiles?
Key Offerings:
Market Share, Size & Forecast by Revenue | 2022−2030 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Key Market Developments:
The Toro Company has launched a new product named Z Master 7500-D 144 which adapts to cutting conditions and terrain on the fly by having the ability to choose the correct operating mode for the conditions with horizon technology. The Horizon onboard intelligence platform enhances the performance of the machine in various mowing conditions and protects the mower by monitoring engine oil temperature and pressure. This strategic product launch has enhanced the demand for Z Master 7500-D 144 products in January 2022. The Toro Company has launched a new product named Greensmaster e1021 mower which takes electrical efficiency to a new level, allowing operators to mow up to 35,000 square feet (over 3,000 square meters) of turf on a single charge. A convenient LCD screen gives the operator an instant view of the ongoing battery charge status and indicates diagnostics, machine hours, overall battery health, and initiating backslapping. This strategic product launch has enhanced the product portfolio of The Toro Company in February 2022. Husqvarna has launched CEORA, a robotic mower designed specifically for demanding professional applications delivering a first-class result in a cost-efficient and safe way with low noise and zero emissions. The product operates fully independently within a defined area. The systematic mowing technology offers cuts in parallel paths. One machine can cover areas up to 50 000 m2. This strategic product launch has widened the product portfolio of the Husqvarna lawn mower market in January 2021
Key market players in the Market
Andreas Stihl AG & Co. KG Ariens Company Briggs Stratton Deere & Company Falcon Garden Tools Fiskars Honda Motor Co., Ltd. Husqvarna Group Koki Holdings Co. MTD Products Robert Bosch GmbH Robomow Friendly House Stanley Black & Decker Inc. Stiga S.p.A The Toro Company
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Key Insights from Primary Research/Key Insights & Findings from the report:
As per the analysis shared by our primary respondents, the Lawn Mowers market is expected to grow annually at a CAGR of around 10.5 %. Through primary research, it was established that the Lawn Mowers market was valued at around USD 1.5 Billion in 2021. Based on type segmentation, gas chromatography (GC) and high-performance liquid chromatography (HPLC) were predicted to show maximum market share in the year 2021. The key factor driving the market is the legalization of cannabis use for recreational and medical purposes will be the primary force behind future market trends. The“North America” region will lead the global Lawn Mowers market during the forecast period 2022 to 2030.
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This Lawn Mowers Market Research/Analysis Report Contains Answers to the following Questions .
Which Manufacturing Technology is used for Lawn Mowers? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments? Who Are the Global Key Players in This Lawn Mowers Market? What are Their Company Profile, Their Product Information, and Contact Information? What Was the Global Market Status of the Lawn Mowers Market? What Was Capacity, Production Value, Cost and PROFIT of the Lawn Mowers Market? What Is the Current Market Status of the Lawn Mowers Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Lawn Mowers Market by Taking Applications and Types in Consideration? What Are Projections of the Global Lawn Mowers Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Lawn Mowers Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is Economic Impact On Lawn Mowers Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Lawn Mowers Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Lawn Mowers Industry?
Reasons to Purchase Lawn Mowers Market Report
Lawn Mowers Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Lawn Mowers Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Lawn Mowers Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Lawn Mowers Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
The study provides a thorough overview of the global Lawn Mowers market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Lawn Mowers market analysis.
The competitive environment of current and potential participants in the Lawn Mowers market is covered in the report, as well as those companies' strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide Lawn Mowers market should find this report useful. The research will be useful to all market participants in the Lawn Mowers industry.
Managers in the Lawn Mowers sector are interested in publishing up-to-date and projected data about the worldwide Lawn Mowers market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Lawn Mowers products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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