Robotic Lawn Mower Market: Key Drivers, Opportunities, and Growth Trends by 2024
Explore the robotic lawn mower market, highlighting innovations, consumer trends, and key players transforming lawn care with automated solutions.
The study of the global Robotic Lawn Mower Market is presented in the report, which is a thoroughly researched presentation of the data. The analysis delves into some of the key facets of the global Robotic Lawn Mower Market and shows how drivers like pricing, competition, market dynamics, regional growth, gross margin, and consumption will affect the market’s performance. A thorough analysis of the competitive landscape and in-depth company profiles of the top players in the Robotic Lawn Mower Market are included in the study. It provides a summary of precise market data, including production, revenue, market value, volume, market share, and growth rate.
The best investment markers are insights into the most prominent market trends, which help potential participants make decisions even easier. The research aims to discover the numerous growth chances that readers may take into consideration and take advantage of using all the necessary information. The market growth over the coming years can be predicted with greater accuracy by carefully examining the important growth-influencing aspects including pricing, production, profit margins, and value chain analyses.
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Market Summary:
The global robotic lawn mower market size was USD 1.29 billion in 2020 and is projected to grow from USD 1.48 billion in 2021 to USD 4.04 billion in 2028 at a CAGR of 15.5% during the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with robotic lawn mower witnessing a positive impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a stellar growth of 13.6% in 2020 as compared to the average year-on-year growth during 2017-2019. The sudden fall in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.
The Robotic Lawn Mower Market has grown significantly due to factors such as increased product demand, an expanding client base, and technological advancements. This report provides a comprehensive overview of the industry, covering market size, trends, key drivers and challenges, competition dynamics, and potential growth opportunities. Recent Industry Developments:
- Husqvarna Group, a Sweden-based robotic lawn mower manufacturer, launched a novel robotic mower solution, CEORA. The product will elevate automated, sustainable, and cost-effective landscape maintenance operations. The product is aimed to target customers with a demand for smart and digitalized professional lawn mowing products and solutions.
- The Toro Co., which operates as a lawn mower manufacturer with an operational headquarters in the U.S., has recently acquired Left Hand Robotics Inc. The strategic acquisition will help Toro to strengthen its expertise in the field of next generation technologies and will help to manufacture autonomous and connected equipment.
Key Players:
- Husqvarna Group (Stockholm, Sweden)
- Robert Bosch GmbH (Gerlingen, Germany)
- Deere & Company (Illinois, the U.S.)
- STIGA S.p.A. (Veneto, Italy)
- HONDA MOTOR CO., LTD. (Tokyo, Japan)
- Hitachi, Ltd. (Tokyo, Japan)
- LawnMaster (South Carolina, the U.S.)
- The Toro Co. (Minnesota, the U.S.)
- GLOBGRO AB (Skåne, Sweden)
- ANDREAS STIHL AG & Co. KG (Waiblingen, Germany)
- Robin Autopilot (Texas, the U.S.)
- Robomow Friendly House (Jerusalem, Israel)
- WOLF-Garten company (Saarbrücken-Bübingen., Germany)
- Cub Cadet (Ohio, the U.S.)
- Positec Germany GmbH (Nordrhein-Westfalen, Germany)
- AL-KO (Großkötz, Germany)
- WIPER S.R.L. (Treviso, Italy)
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Market Overview:
- Current Market Trends: Analysis of the latest developments shaping the market landscape.
- Segmentation Analysis: Breakdown of the market by key segments and regional dynamics.
- Pricing Strategy Evaluation: In-depth examination of pricing trends within the industry.
- COVID-19 Impact Assessment: Exploration of how the pandemic has affected market behaviors and trends.
- Market Projections: Forecasting future market growth and potential shifts.
Key Report Highlights:
- Insight into the primary growth drivers and challenges facing the market.
- An extensive review of regional advancements and their implications.
- A compilation of leading industry players and their market positions.
- Strategies employed by significant market participants.
- Updates on recent industry movements, including product launches and mergers.
- Analysis of factors that may restrict growth and the regional market presence affecting trends beyond 2032.
This market research report is meticulously crafted to deliver a thorough understanding of the industry’s trajectory, equipping businesses with the insights necessary for strategic decision-making. The Robotic Lawn Mower Market Report spans over 130+ pages and includes a detailed table of contents featuring figures, tables, graphs, and comprehensive analysis.
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Key Insights
- Industry Developments (Mergers, Acquisitions, Partnerships)
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Innovations
- Value Chain Analysis
- TOC Continued…
This study presents a detailed view of the market landscape, categorized by sub-regions and countries. It identifies potential profit avenues, alongside market share and growth forecasts for each geographical area.
Segmentation of this report:
Robotic Lawn Mower Market Size, Share & COVID-19 Impact Analysis, By Battery Capacity (Up to 20 V, 20 V to 30 V, and More than 30 V), By Application (Residential and Commercial), By Sales Channel (Retail Store/Offline and Online Websites), and Regional Forecast, 2021-2028
Robotic Lawn Mower Market Drivers & Restrains:
- Drivers:
- Growing Demand for Automation: Increasing interest in automation and smart home technologies drives the adoption of robotic lawn mowers, which offer convenience and reduce the need for manual lawn maintenance.
- Advancements in Technology: Technological improvements in robotic lawn mowers, such as enhanced navigation systems, battery life, and weather resistance, contribute to market growth by offering better performance and reliability.
- Focus on Lawn Care Efficiency: The desire for efficient and consistent lawn care solutions encourages homeowners to invest in robotic mowers, which provide precise and automated grass cutting with minimal human intervention.
- Increased Awareness of Environmental Benefits: Robotic lawn mowers often use eco-friendly technologies and produce lower emissions compared to traditional gas-powered mowers, appealing to environmentally conscious consumers.
- Urbanization and Limited Outdoor Space: In densely populated urban areas with smaller lawns, robotic mowers offer an efficient solution for maintaining green spaces without requiring significant manual effort.
- Restraints:
- High Initial Costs: The relatively high purchase price of robotic lawn mowers compared to traditional models can be a barrier for budget-conscious consumers and limit market adoption.
- Maintenance and Repair Costs: Although generally low-maintenance, robotic mowers may still require repairs or servicing, which can be costly and impact the overall cost of ownership.
- Complexity and Learning Curve: The setup and programming of robotic lawn mowers can be complex, posing a challenge for some users and potentially requiring professional installation or assistance.
- Weather and Terrain Limitations: Robotic mowers may struggle with certain weather conditions or uneven terrain, limiting their effectiveness and functionality in diverse environments.
- Security Concerns: The potential for theft or damage of expensive robotic mowers can be a concern, especially if they are left unattended in outdoor areas without adequate security measures.
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