The global lawn
mowers market size is expected to reach USD 43.7 billion by 2027,
growing at a CAGR of 5.6%, according to a new report by Grand View Research,
Inc. Rapidly expanding residential construction sector across the globe is
spurring the demand for landscaping services, which, in turn, is expected to
propel the demand for lawn mowers over the forecast period. In addition, rising
popularity of well-kept yards and backyard beautification activities across the
globe, predominantly in developed economies, is likely to contribute to market
expansion.
Homeowners in various Western economies,
especially in Europe and North America, love the concept of a well-kept
backyard, as it provides them endless possibilities of designing it. A recent
survey by ‘Porch.com’ found that out of 1000 homeowners in the US, 70% favored
having a large backyard, which provides them space to move and keep a fit
lifestyle. This directly relates to the rising usage of lawn-mowers, in order
to maintain these backyards in perfect shape.
The landscaping industry has seen rapid advancements
in the past few years, with a recent report by iPropertyManagement stating that
almost 1/5th of landscaping business owners want to expand into the lawn
maintenance space, which will be a major factor in expanding the market for
lawnmowers in coming years. Additionally, the market for landscaping products
is expected to be worth USD 91.9 billion by 2025, according to a 2019 report by
Grand View Research. These factors point to a growing market trend for
lawnmowers around the globe.
The advent of green roofs is also expected to
see continued expansion of the market for lawn mowers, with a report by Grand
View Research projecting it to expand at a substantial CAGR of 17.1% through
2025, with government organizations getting behind states to implement them.
Cities such as San Francisco and Denver have picked up on green roof
initiatives in the past 2-3 years. Governments in the European nations of
Germany and Switzerland have mandated the implementation of green roofs, on
flat roofs with larger area than 330 square feet.
The lawn-mower market is facing a very stiff
competition from artificial grass turfs, which require no maintenance, thus
discarding the usage of lawn-mowers. Besides, they have longevity (can last for
15-20 years), which makes them cost-effective. A report by Grand View Research
has projected the global market for artificial turf to be worth USD 3.8 billion
by 2025.
Browse full research report on Lawn
Mowers Market: https://www.grandviewresearch.com/industry-analysis/lawn-mowers-market
Further key findings from the report
suggest:
- The
electric lawn mower product segment held the largest market share in 2019;
however, robotic lawn mower is projected to exhibit the fastest CAGR over
the forecast period owing to its benefits over other products
- The
residential sector is expected to emerge as the largest segment in coming
years. Rapidly expanding residential construction sector, especially in
developing regions, is the key driving factor for the segment
- Europe
accounted for a significant share of the global market in 2019 and is
anticipated to register a CAGR of 5.4% over the forecast period
- Technological
advancements and rapid adoption of robotic lawn mowers in various
countries, such as Germany, France, and Switzerland, are opening up new
growth opportunities for companies offering advanced product variants
- The
vendor landscape of the lawn mowers market is highly consolidated and
characterized by a high level of competition
- Some of
the leading companies in the market are Deere and Company; MTD Products;
American Honda Motor Co., Inc.; and Robert Bosch GmbH. These companies are
focusing on product development to strengthen their foothold in the global
market.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/lawn-mowers-market/request/rs1
Grand View Research has
segmented the global lawn mowers market based on product, end use, and region:
Lawn Mowers Product Outlook (Revenue,
USD Billion, 2016 - 2027)
- Manual
- Electric
- Petrol
- Robotic
- Others
Lawn Mowers End-use Outlook (Revenue,
USD Billion, 2016 - 2027)
- Residential
- Commercial/Government
Lawn Mowers Regional Outlook (Revenue,
USD Billion, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Netherlands
- Denmark
- Finland
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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