Global Commercial Lawn Mower Market - Comprehensive Study and Strategic 2022-2027

Global Commercial Lawn Mower Market - Comprehensive Study and Strategic 2022-2027

Global commercial lawn mower market size will reach USD 7.86 billion and a volume of 5.21?million units by 2027, growing at a CAGR of 4.46% by volume during 2022-2027.

The Europe and APAC region are expected to witness strong traction in commercial lawn mowers demand during the forecast period. The demand for commercial robotic mowers is likely to increase as the landscaping and commercial real estate industries are poised to grow due to better economic prospects. New companies are catching up with established vendors and are expected to erode the market share of established vendors during the forecast period. Top developments in the commercial lawn mower sector include rapid growth in the landscaping industry, the development of sustainable cities, the transfer of consumer focus to advanced technology, and the proliferation of battery-powered devices and robotic lawnmowers.

KEY HIGHLIGHTS

  • Integrating lawn mowers with technology is driving the commercial lawn equipment market. Equipment with sensors that provide weather sensing, obstacle identification, and anti-theft systems is increasingly popular.
  • The development of smart cities is increasing the commercial lawn mower market share. Several government initiatives to develop smart cities will encourage people to adopt smart technologies, which is expected to further boost the demand for commercial battery lawn mowers during the forecast period and support the market growth.
  • The growing influx of alternate fuel options contributes to the growth of commercial lawn mower brands. For instance, the US Department of Energy launched the “Clean Cities Program,” which emphasizes minimizing the usage of fuel that causes harm to the environment.
  • The development of lithium-ion batteries is driving industry growth. Li-ion batteries take less than an hour for a full charge and last longer. Moreover, these batteries are lightweight and eco-friendly. Customers increasingly demand technologies that take less time to charge and last longer on a single charge. Hence, the demand for these batteries is growing significantly.

COMMERCIAL LAWN MOWER MARKET SHARE & SEGMENTATION

Increasing demand for Professional Landscaping Services driving the Ride-On segment.

In 2021, the ride-on segment dominated the market with a revenue share of 59.75%. The increasing demand for professional landscaping services in the country will propel ride-on lawnmowers to gain significant market revenue during the forecast period. Furthermore, in terms of unit shipment, the walk-behind segment dominated the market with its 59.52% share owing to its low prices compared to its commercial ride-on counterparts.

Gas-powered Lawn Mowers Gaining Traction due to Robust Design.

Due to the robust design, gas-powered lawn mowers are in demand.?Gas-powered lawn mowers are proven to be an excellent choice for more challenging and more demanding work. Reducing oil costs would also raise competition for gas-powered lawn mowers. Gas-powered ride-on lawn mowers are top-rated for mowing large areas as these are easy to use and require minimal physical effort.?These lawn mowers are more powerful, making them suitable for tall, thick, and dense grass.

The rising credibility and popularity of e-commerce are driving online distribution channels.

Although the online channel holds a relatively lower share than the offline segment, it is expected to grow at a higher CAGR of 6.26% (by value) during the forecast period. The proliferation of e-commerce and raising awareness of the benefits of online purchases such as heavy discounts, occasional offers, cheap lawn mowers, and rising demand for convenience is driving the growth of the online segment.

Read more:https://www.arizton.com/market-reports/commercial-lawn-mower-market

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