Urbanization in the developing countries are moving toward the creation of parks which in turn, is rising the revenue of the global lawn mower market in APAC.
According to the latest Arizton's market research report, the global lawn mower market size to cross USD 38 billion by 2025, growing at a CAGR of 4.5% during the forecast period.
Global Lawn Mower Market Growth
The global lawn mower market is witnessing high growth due to the increasing awareness about green environment initiatives. Vendors in the global lawn mower market distributing their products online to increase their sales and will boost the adoption of garden tool appliances. The increasing awareness about the social benefits of green space is fueling the growth of the global lawn mower market. Incorporation of IoT and robotic technology is gaining high traction in the garden equipment market. The introduction of innovative ways of gardening and landscaping is boosting the growth of the global lawn mower market across the globe. Labor shortage in many countries are increasing the usage of lawn mowers in the market.
The maintenance of lawn is a repetitive process which may takes lot of time. Companies are incorporating IoT in lawn mowers that can be operated by mobile phones. Connecting products with IoT is helping businesses to expand into innovative fields of operation and offer completely new services to the clients. The dream is that every robotic lawn mower can train independently and ideally conform to the garden. Bosch power tools are leveraging IoT data form its lawn mowers to help in serving their customers. With the help of machine learning, Bosch’s robotic lawn mowers are improving obstacle detection on the lawn.
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, end-user, fuel type, end-user, mower blade, drive type, blade type, start type, distribution, and geography
- Competitive Landscape – 12 Key Company Profiles and 55 Other Prominent Vendors
Global Lawn Mower Market – Geographic Analysis
APAC is the fastest growing market for lawn mower across the globe. Urbanization in the developing countries are moving toward the creation of parks which in turn, is rising the revenue of the global lawn mower market in the region. The trend of increasing construction of societies are boosting the demand for electric garden equipment in the global lawn mower market. The manufacturers are availing customization products that suits best to their client’s requirement. Robotic lawn mowers are highly demanded in APAC but is growing at a significant rate in the other regions too. Landscaping activities in Latin America are increasing due to urbanization that is generating high revenue in the global lawn mower market.
The global lawn mower market is highly fragmented with many local and international players. Consumers are looking for advance and innovative garden tools. The market is characterized by the presence of diversified international and regional vendors as foreign vendors are expanding their footprints in the global lawn mower market. As, the competition among the players are based on offerings and pricing vendors are developing the products to differentiate their products from other players. Companies are coming up with innovative marketing campaigns to gain clients attention. Vendors are adopting new business models and developing their product portfolios to gain traction in the global lawn mower market.
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