Global Lawn Mower Market is Expected to Reach USD 40.8 Billion by 2025 : Fior Markets

New Jersey, NJ, Nov. 05, 2019 (GLOBE NEWSWIRE) — Growth of the residential construction sector across the globe is spurring the demand for landscaping services, which, in turn, is expected to propel the demand for lawnmowers over the forecast period. The  is expected to grow from USD 25.6 Billion in 2017 to USD 40.8 Billion by 2025 at a CAGR of 6.0% during the forecast period 2018-2025, according to the new report published by Fior Markets.

Lawnmowers are defined as indispensable machines since they provide great help and convenience in undertaking many gardening activities, thus keeping up the superior lawn quality. A lawnmower is a product of machine which uses at least one spinning sharp edge to slice a grass surface to an even stature. The stature of the cut grass might be fixed by the structure of the cutter. Bigger grass cutters are generally either self-moved “stroll behind” Products or are “ride-on” trimmers, prepared so the user can ride on the cutter and control it. A robotic lawn mower is designed to operate either entirely on its own, or less commonly through an operator by remote control.

Increasing awareness and interest in the environmental, health and social benefits of green spaces are major factors propelling the growth of the market. Increasing need for well-kept yards and backyard beautification activities across the globe is contributing to the market expansion. The rising popularity of artificial turf or grass may pose a major threat to the product. However, the use of lawnmower as A Service (ACaaS) and mobile-based lawn mower systems may drive the market growth in the coming years.

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Key players in the lawnmower market are Deere & Company, MTD products, American Honda Motor Co., Inc., Robert Bosch GmbH, STIGA S.p.A., Robomow Friendly House, Husqvarna Group, and AriensCo among others. Key players active in the market are involved in collaborative agreements and expansion to bolster the growth of the market.

  • For instance in 2019, Deere & Company announced the addition of a high-volume liquid option to the high-capacity nutrient applicator. To help agriculture service providers and large-acre producers to apply high-volume liquid fertilizers, crop protection products, and other solutions more quickly and accurately to a wide variety of fields, John Deere introduced the LS475 Liquid System option for its F4365 High-Capacity Nutrient Applicator. This new liquid application system allows operators to cover more acres, with fewer refilling stops, while providing the capacity, speed, comfort and reliability they‘ve come to expect with the F4365 machines.
  • For instance in 2019, Robert Bosch GmbH announced a joint venture with MAGURA. Bosch eBike Systems and MAGURA announced closer cooperation in service and replacement parts distribution. Bosch eBike Systems is taking a 50% stake in MAGURA Bike Parts, a subsidiary of MAGURA. The new joint venture will operate in future under the name MAGURA Bosch Parts & Services GmbH & Co. KG.
  • For instance in 2019, Husqvarna Group announced the launch of AI-enabled robotic mower with AWD. Husqvarna, the world leader in robotic mowers, launched a game-changing robotic mower for homeowners with challenging lawns and connected homes – Husqvarna Auto-mower 435X AWD. With an all-wheel-drive system and the unique body design with two connected bodies, Husqvarna Auto-mower 435X AWD robotic mower can climb steep slopes with an incline of up to 70%. To put the number in perspective, a black downhill slope inclines to approximately 40-60 %, and the incline of a ski jump hill measures about 70%. The new robotic mower from Husqvarna can manage areas of up to 3500 m 2 and operates at 62 db.

The robotic segment is growing rapidly at the highest CAGR of 8.7% in the forecast period

The product segment is classified into manual, electric, petrol, robotic and others. The robotic segment is growing rapidly at the highest CAGR of 8.7% in the forecast period. A robotic lawn mower is an autonomous robot which is used to cut lawn grass. A typical robotic lawn mower requires the client to set up a fringe wire around the grass that characterizes the zone to be cut. The robot utilizes this wire to find the limit of the region to be cut and at times to find a reviving dock. Automated trimmers are fit for keeping up to 30,000 m2 (320,000 sq ft) of grass.

Residential segment dominated the market and valued around USD 16.25 Billion in 2017

The end-use segment is segmented into commercial, & governmental and residential. Residential segment dominated the market with the highest share in 2017. Growth of the residential construction sector, especially in developing regions, is the key driving factor for the segment. End users belonging to various socio-economic backgrounds in several regions often form agreements with landscapers for the maintenance of their gardens. This has spurred the demand for professional mowers across the residential sector.

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Regional Segment Analysis of the Lawn Mower Market

  • North America (U.S. , Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
  • Asia-Pacific (China, Japan India, Rest of APAC)
  • South America (Brazil and Rest of South America)
  • Middle East and Africa (UAE, South Africa, Rest of MEA)

North America region dominated the global lawn mower market with USD 10.82 Billion in 2017. The North America region is dominating the market due to the historic affinity for lawns. The requirement of perfectly manicured lawns around the year has grown the requirement for lawn maintenance, thereby leading to the growth of the market. The Asia Pacific is anticipated to grow rapidly due to upcoming global events, such as Olympics 2020 in Japan, which necessitate the enhancement of the aesthetic appeal of lawns and yards. This is expected to trigger the demand for the product in APAC, thereby driving the overall regional market.

About the report:

The global lawn mower market is analysed on the basis of value (USD Billion), volume (Thousand Units), consumption (Thousand Units), imports (Thousand Units) and exports (Thousand Units).All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.

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