Robotic Lawn Mower Market Size in Europe to Worth $1 Billion by 2022
Arizton’s recent market research report on the global robotic lawn mower market identifies Friendly Robotic/Robomow, Global Garden Products, Husqvarna, Robert Bosch, Zucchetti Centro Sistemi as the leading vendors that are likely to dominate the market during the forecast period. This research report provides detailed analysis of market segmentation by distribution channel (retail and online), end-user (commercial and residential), and geography (North America, APAC, Europe, and ROW).
The robotic lawn mower market is projected to grow from $861.6 million in 2016 to $2,225.9 million by 2022, growing at a CAGR of 17.14% during the forecast period.
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The robotic lawn mower market is divided into three major segments by distribution channel, end-users, and geography. The major two segments are briefly discussed below:
Europe to dominate the robotic lawn mower market share during the forecast period
The robotic lawn mower market by geography includes North America, APAC, Europe, and ROW. Europe dominated the robotic lawn mower market, accounting for over 66% of the total market share in 2017 and is expected to generate revenue of about $1,120 million during the forecast period. The introduction of new variants of robotic lawn mowers that offer higher moving efficiency and better battery backup is driving the growth of robotic lawn mowers in the European market. The increasing adoption of mowers for the use of ground maintenance services and landscaping services is fueling the demand for robotic lawn mower market in Europe. Rise in disposable income, increase in construction activities, and renovation of old houses will have a positive impact on the robotic lawn mower market in Europe. The favorable retail environment in Western European countries is also creating new opportunities for leading vendors in the robotic lawn mower market in Europe.
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Retail stores to occupy the largest market share in the robotic lawn mower market during the forecast period
The distribution channels in the robotic lawn mower market is classified into retail stores and online websites. The retail stores contributed the highest market revenues to the global robotic lawn mower market during 2017. The retail segment in the robotic lawn mower market occupied more than 86% of the total market share in 2017. The retail segment is further classified into specialty stores and hypermarkets and supermarkets. Vendors prefer selling their products through specialty stores and supermarkets as they offer personalized customer services and the staff educates consumers about the new products launched in market and help them make better selection.
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AL-KO, Belrobotics, Deere & Co., E. ZICOM, Hangzhou Favor Robot Technology, Hitachi, Honda, Kobi, LG, Linea Tielle, Mamirobot, Milagrow HumanTech, MTD Products, Positec Tool, and STIHL are the other prominent vendors in the robotic lawn mower market.
The complete overview of the latest market research report on the robotic lawn mower market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides the market size and forecast for major geographical regions and key countries.
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