"Rapid Growth in Landscape Beautification predicted to uplift the Global Lawn Mowers Market"
The global lawn mowers market was stood at US$ 16.61 Bn in the year 2018 and expected to reach US$ 29.63 Bn by the year 2027, expanding at a CAGR of 6.7% during the forecast from 2019 to 2027.
Rising trend of landscape beautification is ought to boost the lawn mowers demand in the coming years. The landscaping industry has hit US$ 99Bn in 2019 in the United States. In addition, out of total landscaping services lawn maintenance contribute around 19% with increased focus towards expanding lawn maintenance service in the coming year. Furthermore, continuous growth in home improvement expenditure has bolstered to uplift the lawn and landscape equipments sale over past five years. As per New York Times article published on September 05, 2019, the U.S. has recorded 50% surge in home improvement spending primarily due to exponential growth in home improvement expenditure per homeowner.
The lawn mowers industry has seen various improvements and innovations in the recent past. Improved performance and comfort are some of the parameters that decide the changing trend in the lawn mowers industry. However, rising environmental concern has exponentially triggered the battery-powered mowers across the globe. Further advancements to improve the environment-friendly mowers performance has introduced electric and robotic lawn mowers.
Market Synopsis
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"Robotic Lawn Mowers projected to register the Fastest Growth during the Forecast Period"
Walk-behind lawn mowers dominated the global lawn mowers market with maximum revenue share. This is majorly attributed to its significant application in residential end-use. Rising trend for home gardening along with increasing spending on home aesthetics have prominently bolstered the growth of lawn mowers. On the contrary, zero-turn and robotic mowers register the fastest growth during the forecast period. Shifting consumer preference towards automated mowing along with rising environmental concern are some of the major factors escalating the robotic mowers growth. Furthermore, on-going advancement in the robotic lawn mowers such as solar-powered robotic mowers and Artificial Intelligence (AI) & Internet of Things (IoT) enabled mowers have upend the mowers industry trend. AI and IoT provides sensing and decision making capability for obstacle detection to the mowers.
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"Electric lawn mowers garnered maximum revenue share in the year 2018"
Electric lawn mowers captured the largest revenue share in the year 2018. Less noise production, environment-friendliness, and cost-effectiveness are some of the major factors supporting the significant market growth. Previously, petrol mowers were used prominently for the lawn maintenance however rising concern of plant health and carbon emission has triggered the demand for electric mowers. On the contrary, electric mowers provides limitation in mobility due to the presence of cord hence suit only for small or medium sized lawns. Therefore, petrol-powered mowers are still preferred for large sized lawn maintenance.
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"The Asia Pacific registered the fastest growth over the Forecast Period"
The Asia Pacific registered the fastest growth over the forecast period owing to rising home disposable income and home expenditure in the developed as well as developing countries. Furthermore, growing public awareness for the plantation and home gardening has also positively influenced the growth of lawn mowers in the region. However, North America and Europe held prominent market share in the global lawn mowers market owing to high home expenditure and rising per capita income. In 2018, the home improvement expenditure in the U.S. was amounted to US$ 394 Bn. In addition, the regions registered significant increase in landscaping business over the recent past.
"Increasing Focus towards Product and Geographical Expansion expected to spur the Completion in the Global Lawn Mowers Market"
The global lawn mowers market is a consolidated and highly competitive market due to the presence of large number of companies. Furthermore, the competition among the market players expected to intensify owing to integration of AI and IoT in mowers along with shifting trend towards autonomous vehicles. Many other players are also focused towards expansion of their product offering and geographical reach.
List of Companies Covered:
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment calculated for the forecast period from 2019 to 2027.
The research study titled lawn mowers market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all round view of the global lawn mowers market based on type, power source, cutting system, engine power, end-users, and geography. Key segments covered in the report are as follows:
ATTRIBUTE | DETAILS |
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Research Period | 2017-2027 |
Base Year | 2018 |
Forecast Period | 2019-2027 |
Historical Year | 2017 |
Unit | USD Billion |
Segmentation |
Type Segment (2017–2027; US$ Bn) |
Power Source Segment (2017–2027; US$ Bn) |
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Cutting System Segment (2017–2027; US$ Bn) |
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Engine Power Segment (2017–2027; US$ Bn) |
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End-users Segment (2017–2027; US$ Bn) |
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Geography Segment (2017–2027; US$ Bn) |