The
global lawn mowers market is expected to reach USD 38.2 billion by 2025,
according to a new report by Grand View Research, Inc. The growing residential
development is spurring the demand for landscaping services, which, in turn, is
expected to propel the demand for lawn care tools over the forecast period.
The
rise in single homes, owing to the growing nuclear family culture in the U.S.,
has led to the construction of houses. The growing trend toward investing more
time in one's home leads to a higher interest in outdoor &
gardening-related activities. A well-kept yard forms an integral part of an
attractive house. Lawn maintenance tools are essential for the basic yard
maintenance and offer a great aid & convenience in garden maintenance
The
surging need for landscaping services in order to extend the aesthetic appeal
to residential and commercial properties is anticipated to elevate the product
demand. The developing trend of backyard beautification in North America and
Europe is further expected to fuel product demand in these regions.
Increasing
technological advancements are another major factor driving market growth. The
replacement of conventionally used hand-guided mowers with robotic &
electric ones is a key trend witnessed in the market. Moreover, the increasing
availability of such technologically advanced products with enhanced features
is triggering more interest in gardening.
Moreover,
the key market players are enhancing the capabilities of their mowers so as to
widen their product offerings in order to gain a competitive edge in the
industry. In addition to this, manufacturers are increasingly promoting robotic
equipment for gardening, thus augmenting consumer awareness, which is expected
to drive the adoption of the product.
However,
the increasing popularity of artificial grass is expected to serve as a major
threat for the demand for lawn mowers. This type of grass does not require
mowing, watering and fertilizing like the natural grass. Thus, artificial grass
is increasingly becoming a great money saver for the customers possessing
gardens and thereby creating threat for the lawn mowers adoption. Additionally,
the high cost of robotic gardening equipment is one of the major challenges
confronted by the consumers. All these factors are projected to hamper market
growth in the near future.
In depth research report on Lawn Mowers Market
Further key findings from the report suggest:
·
The global lawn mowers market
is expected to witness a CAGR exceeding 4% over the forecast period owing to
the rising demand for landscaping services.
·
Electric mowers accounted for
the largest market share in 2016; however, robotic products are projected to
witness a high growth over the forecast period.
·
Residential end-use segment
held the highest revenue in 2016 and the trend is expected to continue over the
forecast period.
·
The North American region
accounted for over 30% of the overall revenue share in 2016; however, Asia
Pacific is expected to witness a high growth over the next eight years.
·
Deere & Company, MTD
Products Inc., American Honda Motor Co., Inc. (Honda Power Equipment),
Husqvarna Group, and Ariens Company, among others, were a few key players that
captured a significant market share in 2016.
Grand
View Research has segmented the global lawn mowers market based on product, end
use, and region:
Lawn Mowers Product Outlook (Revenue, USD Billion;
2014 - 2025)
·
Manual
·
Electric
·
Petrol
·
Robotic
·
Others
Lawn Mowers End-use Outlook (Revenue, USD Billion;
2014 - 2025)
·
Residential
·
Commercial & Government
Lawn Mowers Regional Outlook (Revenue, USD Billion;
2014 - 2025)
·
North America
·
U.S.
·
Canada
·
Europe
·
UK
·
Germany
·
France
·
Italy
·
Netherlands
·
Denmark
·
Finland
·
Spain
·
Asia Pacific
·
China
·
India
·
Japan
·
Latin America
·
Brazil
·
Mexico
·
Middle East & Africa
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About Grand View
Research
Grand View Research, Inc. is a 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. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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