The new report by Exper Market Research titled, Global Robotic Lawn Mower Market Size, Share, Growth, Trends, Price, Report and Forecast 2022-2027, gives an in-depth analysis of the global Robotic Lawn Mower, assessing the market based on its segments like range, end-use, distribution channel, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2020): USD 796 Million
• Forecast CAGR (2022-2027): 13.2%
• Forecast Market Size (2020): USD 1,658 Million
Advancements in the field of Artificial intelligence (AI), and the internet of things (IoT) are the major factors for the growth of the robotic lawn mower market globally. With the technological advancements, the efficiency and accuracy of the lawn mover are increasing continuously which is providing better smooth operations of the lawnmowers.
Now, the functioning of remote access is becoming a common feature of lawnmowers which is also augmenting the market growth. Moreover, advancements to reduce noise by implementing silencers that produce minimal to no noise are augmenting the industry’s growth.
Robotic lawnmowers are capable to function automatically with minimum human interventions. It is due to the advancement of technology such as AI and IoT with the feature of remote access.
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By range, the market is segmented into:
• Low Range
• Medium Range
• High Range
By end-use, the market can be segmented into:
• Residential Use
• Commercial Use
Based on distribution channel, the market is segmented into:
The regional markets for the Global Robotic Lawn Mower Market can be separated into:
• North America
o United States of America
o United Kingdom
• Asia Pacific
• Latin America
• The Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o South Africa
The residential sector will significantly contribute to the market growth during the forecast period. With the fast-paced lifestyle and growing disposable incomes, considerable growth in automatic consumer electronics has been witnessed.
A similar trend is expected to be observed in the lawnmower industry. Moreover, after the COVID-19 pandemic, people are residing more in their homes and exploring indoor activities like gardening which will positively impact the gardening equipment market in the residential sector.
The focus on gardening activities is increasing as it creates a positive influence on human health. People are keen on keeping their backyards in good shape, and increasing their spending on equipments. Moreover, centralised control of robotic technology via smartphones is thus providing impetus to the market growth of robotic lawnmowers.
Key Market Players
The major players in the market include Hitachi, Ltd., Husqvarna Group, LG Electronics, Robert Bosch GmbH, BOSSMOW, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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