Robotic Lawn Mowers Market Accelerates To Hit $1,400.62 Million by 2025: Grand View Research, Inc

September 12 12:38 2019
Robotic Lawn Mowers Market Accelerates To Hit $1,400.62 Million by 2025: Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global robotic lawn mowers market size was valued at USD 351.12 million in 2018 and is expected to register a CAGR of 21.9% from 2019 to 2025.

The global robotic lawn mowers market size is expected to reach USD 1,400.62 million by 2025, registering a CAGR of 21.9% from 2019 to 2025 according to a study conducted by Grand View Research, Inc. Factors such as the introduction of energy-efficient gardening equipment, rising popularity of green roofs, rising adoption of gardening as a hobby, and rising disposable incomes are expected to drive the growth of the market over the forecast period.

The rapid expansion of the residential construction sector in several countries globally is expected to spur the demand for landscaping services, which, in turn, is expected to propel the sales of robotic lawn mowers over the forecast period. Additionally, the popularity of well-kept yards and backyard beautification activities is on a rise, predominantly in developed economies, and people are spending increased funds on making their lawns aesthetically appealing. To enhance the look, appearance, and maintenance of yards, robotic lawn mowers offer great aid and convenience. These factors are likely to drive market growth over the next few years

Furthermore, factors such as strong GDP growth, along with a notable rise in disposable incomes across developing economies, are positively affecting market growth by allowing increased investment into farmhouses and bungalows with sizeable lawn areas, a trend expected to trigger market demand. However, the increasing popularity of artificial turf or grass is expected to serve as a major threat to the global demand for robotic lawn mowers. Artificial grass does not require mowing, watering, or fertilizing like natural grass. The convenience and low-cost associated with artificial grass are compelling its increased adoption across residential as well as commercial spaces, thereby hindering the market growth.

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Asia Pacific robotic lawn mowers market size, by battery type, 2015 - 2025 (USD Million)

Key Takeaways from the report:

  • Based on battery type, 20V to 30V segment accounted for the largest market share in 2018. The segment is expected to remain the dominant segment over the forecast period as well
  • The residential segment is expected to emerge as the largest segment of the market by the end of the forecast period. This can be attributed to the rapid expansion of the residential construction sector, especially across developing economies
  • An upsurge in the demand for landscaping services and the popularity of gardening as a hobby in several countries is projected to spur the demand for a variety of robotic lawn mowers over the forecast period
  • Europe held a significant share of around 30% in 2018 and is anticipated to register a CAGR of more than 20% over the forecast period. The European market is also likely to remain the dominant market over the forecast period
  • Technological advancements and rapid adoption in various countries such as Germany, France, and Switzerland, combined with the introduction of low-cost products, are opening up new growth opportunities in the European market
  • The vendor landscape of the robotic lawn mowers market is highly consolidated and characterized by a high level of competition with the presence of players such as Husqvarna Group, Deere & Company, American Honda Motor Co., Inc., and Robert Bosch GmbH.

Global robotic lawn mowers market revenue share, by end-use, 2018 (%)

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Grand View Research has segmented the global robotic lawn mowers market based on battery type, end use, and region:

Robotic Lawn Mowers Battery Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2015 – 2025)

  • Less than 20V
  • 20V to 30V

Robotic Lawn Mowers End Use Outlook (Volume, Thousand Units; Revenue, USD Million, 2015 – 2025)

  • Residential
  • Commercial

Robotic Lawn Mowers Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2015 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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