USE OF ROBOTIC LAWNMOWERS ON THE RISE
Arizton Advisory & Intelligence
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The global robotic lawn mower accessories market is expected to grow at a CAGR of 5.44% during the forecast period. The demand for robotic lawn mower accessories is influenced by the need to maintain the robotic lawn mowers in a working condition for a longer duration. Also, the growing usage of robotic lawnmowers is pushing the requirement for the replacement of blades and knives.
Moreover, the perimeter wires, couplings, and connectors are exposed to constant wear and tear, which requires the replacement of accessories. The price of robotic lawnmowers is expected to decline during the forecast period, which in turn, will push the number of units sold across the world. The growth in the number of units sold is expected to push the demand for robotic lawn mower accessories in the market.??
The market is characterized by the presence of several global & local players. Husqvarna, Worx, and ZCS are the few vendors offering robotic lawn mower accessories in the market. The vendors compete in terms of price, brand, and diversity. Vendors can increase their profits by using effective manufacturing processes that reduce commodity costs. The growth in the robotic lawn mowers market is expected to push the number of players in the robotic lawn mower accessories market, thereby leading to a highly competitive environment.???
The macro trends related to sustainability, digitalization, and automation are fueling the revenue of robotic lawnmowers, which in turn, is offering substantial growth opportunities for the robotic lawn mowers accessories vendors in the market.??
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The residential sector is the major revenue contributor to the robotic lawn mower accessories market. The widespread usage of robotic lawn mowers by households in European and North American markets due to the prevalence of large landscaping areas is supporting the robotic lawn mower accessories market over the past few years. The expansion in the construction of new single and multifamily housing units is expected to push the demand for robotic lawnmowers and hence their accessories in the market during the forecast period.??
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