The global lawn mowers market is expected to reach USD 38.2
billion by 2025, according to a new report by Grand View Research, Inc. The
growing residential development is spurring the demand for landscaping
services, which, in turn, is expected to propel the demand for lawn care tools
over the forecast period.
The rise in single homes, owing to the growing
nuclear family culture in the U.S., has led to the construction of houses. The
growing trend toward investing more time in one's home leads to a higher
interest in outdoor & gardening-related activities. A well-kept yard forms
an integral part of an attractive house. Lawn maintenance tools are essential
for the basic yard maintenance and offer a great aid & convenience in
garden maintenance
The surging need for landscaping services in order
to extend the aesthetic appeal to residential and commercial properties is
anticipated to elevate the product demand. The developing trend of backyard
beautification in North America and Europe is further expected to fuel product
demand in these regions.
Increasing technological advancements are another
major factor driving market growth. The replacement of conventionally used
hand-guided mowers with robotic & electric ones is a key trend witnessed in
the market. Moreover, the increasing availability of such technologically
advanced products with enhanced features is triggering more interest in
gardening.
Moreover, the key market players are enhancing the
capabilities of their mowers so as to widen their product offerings in order to
gain a competitive edge in the industry. In addition to this, manufacturers are
increasingly promoting robotic equipment for gardening, thus augmenting
consumer awareness, which is expected to drive the adoption of the product.
However, the increasing popularity of artificial
grass is expected to serve as a major threat for the demand for lawn mowers.
This type of grass does not require mowing, watering and fertilizing like the
natural grass. Thus, artificial grass is increasingly becoming a great money
saver for the customers possessing gardens and thereby creating threat for the
lawn mowers adoption. Additionally, the high cost of robotic gardening
equipment is one of the major challenges confronted by the consumers. All these
factors are projected to hamper market growth in the near future.
Browse full research
report by Grand View Research: http://www.grandviewresearch.com/industry-analysis/lawn-mowers-market
Further key
findings from the study suggest:
· The global lawn mowers market is expected to witness a
CAGR exceeding 4% over the forecast period owing to the rising demand for
landscaping services.
· Electric mowers accounted for the largest market share in
2016; however, robotic products are projected to witness a high growth over the
forecast period.
· Residential end-use segment held the highest revenue in
2016 and the trend is expected to continue over the forecast period.
· The North American region accounted for over 30% of the
overall revenue share in 2016; however, Asia Pacific is expected to witness a
high growth over the next eight years.
· Deere & Company, MTD Products Inc., American Honda
Motor Co., Inc. (Honda Power Equipment), Husqvarna Group, and Ariens Company,
among others, were a few key players that captured a significant market share
in 2016.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the
global lawn mowers market based on product, end use, and region:
Lawn Mowers Product Outlook (Revenue,
USD Billion; 2014 - 2025)
- Manual
- Electric
- Petrol
- Robotic
- Others
Lawn Mowers End-use Outlook (Revenue,
USD Billion; 2014 - 2025)
- Residential
- Commercial &
Government
Lawn Mowers Regional Outlook (Revenue,
USD Billion; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Netherlands
- Denmark
- Finland
- Spain
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
Access
press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-lawn-mowers-market
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.
For
more information: http://www.grandviewresearch.com
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