Lawn Mowers Market Growth & Trends
The global lawn mowers market size is projected to reach USD 48.59 billion by 2030, registering a CAGR of 6.0%, according to a new report by Grand View Research, Inc. The industry's growth saw a minor setback in 2020 due to supply shortages brought on by COVID-19, albeit only by a maximum of 1%. The newly established work-from-home model made it possible for many customers to engage in leisure activities like gardening and lawn mowing.
The market for lawnmowers regained pre-COVID levels of growth as a result of people shifting money away from vacation and toward home landscaping tasks. However, the prices of lawnmowers are being influenced by factors such as rising labor costs ongoing semiconductor shortages, and materials associated with improved customer comforts, more durable frames, and high-quality mowers, which is limiting the market growth over the forecast period.
Over the forecast period, the market is anticipated to be driven by the growing popularity of autonomous or robotic lawn mowers. As consumers become more tech-savvy, they are choosing electric and robotic mowers over fuel-powered or traditional manual ones. The lawn mower market has, on the whole, been quite stable over the past few years, but the introduction of items like a battery or electric-powered mowers has provided some relief recently. Over the projection period, the demand for innovative products will continue to expand moderately. Consumers are eager to adopt innovative technology that simplifies their lives. As a result, throughout the course of the projected period, the robotic mowers market will increase at a robust compound annual growth rate.
Additionally, the emergence of products with Bluetooth, sensors, and Wi-Fi capabilities, as well as the consumer trends discussed above, will favor the expansion of the market throughout the anticipated period. With the help of these technologies, users can conveniently control the gadget from a distance using a smartphone. Positec Germany GmbH, Robomow, and The Husqvarna Group are a few businesses that sell robotic lawn mowers that are controlled via apps.
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Lawn Mowers Market Segmentation
Grand View Research has categorized the global lawn mowers market based on product, end-use, and region:
Lawn Mowers Product Outlook (Revenue, USD Million, 2018 – 2030)
Lawn Mowers End-use Outlook (Revenue, USD Million, 2018 – 2030)
List of Key Players of the Lawn Mowers Market
- American Honda Motor Co., Inc.
- Ariens Company
- Briggs Stratton
- Deere & Company
- Falcon Garden Tools
- Husqvarna Group
- MTD Products
- Robert Bosch GmbH
- Robomow Friendly House
- The Toro Company
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Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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