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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