Global Robotic Lawn Mower Market is Estimated to Worth $3 Billion by 2023
Arizton’s recent market research report on the global robotic lawn mower market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by lawn size (small-size, medium-size, and large-size), by end-user type (residential user and commercial user), by distribution channel (retail and online), by geography (APAC, Europe, North America, and ROW), and offers detailed competitive analysis.
The global robotic lawn mower market is anticipated to generate revenues of around $3 billion by 2023, growing a CAGR of over 15% during 2018-2023. The increasing disposable income and economic development in APAC countries such as China and India will propel the growth of the global robotic lawn mower market. The implementation of advance pioneering technologies such as U-cut steering technology, all-wheel-drive technology, and air induction mowing technology to enhance effectiveness and efficiency of garden equipment will transform the global market during the forecast period.
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The top 3 drivers and trends attributing to the growth of the robotic lawn mower market are discussed below:
Resolution of Safety Hazards of Traditional Lawn Mowers
The increasing safety standards established by various government organizations across the world will augment the growth of the global robotic lawn mower market. The leading vendors are launching devices that are redesigned and equipped with sensors that stop mowing when they are lifted, preventing chances of any form of injury or risks for the end-users. These advanced devices are equipped with machine vision to identify obstacles and a compass, accelerometer, GPS, camera, and safety sensors enabling the top players to attract more consumers in the global market. The market is witnessing end-users replacing their old lawn mowers with new ones, and robotic lawn mowers, despite its high cost because they have higher safety standards and offer ease of use for the end-users in the global market. The increasing trend towards the adoption of smart technology and going green concept is encouraging end-users to adopt this garden equipment in the global market. The players are launching machines with built-in safety features in many variants to prevent injuries and attract more consumers in the global robotic lawn mower market. The launch of lawn mowers equipped with sensors, which make them reverse and choose another direction if the mower runs into objects such as children or pets will revolutionize the global robotic lawn mower market.
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Shifting Consumer Focus Toward Smart Technology
Smart homes are designed to promote automation and provides integrated centralized control of individual systems such as small appliances, consumer electronics, environmental control systems, and building components. The increasing adoption of smart technology will boost the demand in the global robotic lawn mower market. The enhanced connectedness and increasing ability of technology will augment the revolutionization of the global market. The development of robotic technologies such as robotic personal assistants, robotic lawn mowers, robotic window cleaners, and robotic vacuum cleaners is creating investment opportunities for leading vendors in the global market. The leading players are focusing on leveraging smart appliances that allow customers to monitor, control, and perform mowing on a regular basis from a remote location to gain a larger global robotic lawn mower market share and boost revenues. Additionally, the introduction of robotic lawn mowers that consume 90% less energy than traditional lawn mowers will promote sustainable development in the global market. The integration of mobile applications with devices will allow end-users to gather live data on soil moisture, light intensity, and outdoor temperature which makes it easy for end-users to plan their mowing and watering lawns. The incorporation of the Internet of Thing (IoT), robotics, automation, and intelligent systems will propel the growth of global robotic lawn mower market.
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Growing Adoption of Green Spaces and Green Roofs
The increasing adoption of green spaces and roofs that result in various health and environmental benefits that offer access to greenery will fuel the demand in the global robotic lawn mower market. Green spaces are designed to improve air and water quality, reduce heat built-up in the environment, mitigate the heat island effect, and decrease the soil runoff. The growing popularity of these spaces will increase application of these mowers in the commercial sector. Rapid urbanization is encouraging urban planners and city officials worldwide to allocate green spaces in cities to improve livability in the global robotic lawn mower market. Green roofs help insulate infrastructures, reduce environmental pollution, and increase biodiversity in the global robotic lawn mower market. For instance, in the UAE, Dubai municipality is expecting an addition of about 5,800 ha of green space through horticultural and landscaping projects under its ‘Dubai 2020’ vision.
The leading vendors in the global robotic lawn mower market are Husqvarna, MTD Products, Robert Bosch, STIGA, and Zucchetti Centro Sistemi (ZCS).
The complete overview of the latest market research report on global robotic lawn mower market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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