Lawn Mowers Market Competitive Landscape: Major Players, Competitor Market Shares, And Player Strategies - By The Custom Market Insights
The global lawn mowers market size was anticipated at USD 28.7 billion in 2021 and is projected to reach over USD 46.1 billion by 2030, likely to grow at a CAGR of 5.4% from 2022 to 2030. Lawn mowers are machines that cut grass to an even height with the help of one or more revolving blades.
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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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 the market growth.
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 refueling 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 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 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.
Segments covered in the report
By Type
By Fuel Type
By End use
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