Global Robotic Lawn Mower Market to Grow at Robust CAGR During Forecast Period
Development of lawn care
industry and increase n disposable income are expected to drive global robotic
lawn mower market during forecast period
According to TechSci Research report, “Global Robotic
Lawn Mower Market By End User, By Lawn Size, By Connectivity, By
Distribution Channel, By Region, Competition, Forecast & Opportunities,
2024”, the global robotic
lawn mower market is expected to grow at a CAGR of around 14% during the
forecast period. The robotic lawn mower market is witnessing growth on account
of increase in labor cost, need for noise free-operation and safety
concerns associated with traditional lawn mowers. In addition,
development of lawn care industry is further boosting the adoption of robotic
lawn mower globally. Furthermore, the commercial sector dependency on
automation for operational cost reduction is the key factor for the adoption of
robotic lawn mower for commercial purposes, thereby fueling the market growth. Additionally,
application of domestic robots for various household purposes such as cleaning,
lawn mowing, etc., would further steer growth in the market.
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The global
robotic lawn mower market is segmented based on end user, lawn size,
connectivity, distribution channel, region and company. Based on distribution
channel, the market is bifurcated into retail and online. The retail channel
dominated the market until 2018 and is expected to maintain its dominance in
the forthcoming years as well on account of factors such as customer experience
and satisfaction offered by bricks and mortar store. Also, the land mowers retail
stores sell products from small price range to premium range of products. On the basis of lawn size, the market can be segmented into Small-Sized, Medium-Sized and Large-Sized.
The Medium-sized robotic lawn mower category is projected to register the
highest CAGR during the forecast period attributable to its best combination of
area coverage and lower price point.
Deere and Company, Stihl Holding AG and
Co. Kg, Zucchetti Centro Sistemi SPA, The Toro Company, Honda Motor Company,
Milagrow Business and Knowledge Systems Pvt. Ltd., Husqvarna Group, LG
Electronics, The Kobi Company, and The Worx Company are some of the leading players operating in global robotic
lawn mower market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
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“Europe is expected to be the largest market
during the forecast period due to rising housing activities in the region. Moreover,
continuous innovations in terms of features in robotic lawn mower is projected
to help key vendors in the market to attract more consumers and gain larger
market share during the forecast period and this would spur the growth of
robotic lawn mower in the global market. Nevertheless, reduction in battery cost
due to its increased usage over the conventional source of fuel and increased battery
production have lowered the cost of robotic lawn mowers, thereby further aiding
the growth of the market.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Robotic Lawn Mower Market By End User, By Lawn Size, By
Connectivity, By Distribution Channel, By Region, Competition, Forecast &
Opportunities, 2024”
has evaluated the future growth potential of global robotic lawn mower market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global robotic lawn mower market.
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