Global Lawn Mowers Market will cross USD 37.7 BN By 2025
Posted On January 07, 2019
Value Market Research recently published a new study on the Global Lawn Mowers Market. As per this report the market was valued USD 28.6 BN (by revenue) in 2018. The global lawn mowers market is anticipated to reach USD 37.7 BN by 2025 showcasing the growth CAGR of 5% between 2019 and 2025.
The report identifies the increasing expenses towards maintaining ambiance in lawns and gardens as the major factor driving the global lawn mowers market growth. Also, government regulations and the increasing practice of gardening worldwide is fueling product demand, especially in the residential segment. Additionally, owing to the advent of technically advanced gardening equipment is expected to augment the adoption of this product in the near future. A gradual shift of users from the traditional hand-guided mowers to automatic electric mowers is further expected to boost the product sale. The growing importance of landscaping and the backyard beautification is also anticipated to support the product demand keeping the global lawn mowers market growth growing in the next six years.
The report "Global Lawn Mowers Market Report By Product (Manual, Electric, Petrol, Robotic And Others), By End-Use (Commercial And Residential) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025" covers comprehensive information such as market projections, market dynamics, competition landscape, and recent developments in the industry. The data from the report gives an enriching dive in the market making strategic decisions easy.
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Lawn mower is gardening equipment which is used for cutting and maintaining grass at the desired height. They are widely used to decorate and maintain lawns, gardens, and yards worldwide. There are different types of lawn mowers available such as walk-behind, riding lawn mowers, tractors, zero turn mowers, and robot mowers, used for different types of landscapes such as small yards, large parks, and farm areas.
Segmentation of the market has been done on the basis of product, end-use, and region in the report. Product range cover manual, electric, petrol, robotic and others. The electric product is dominating the segment owing to the ongoing advancement in technology, enhanced flexibility, and versatility of the product. End-user segment includes commercial and residential. Out of these two, the residential sector is gaining momentum owing to the rapid development and expenditure carried out in the construction sector across the globe along with the rise in demand for landscaping services. Also, growth in residential construction is fueling the segment growth.
Regional assessment has been carried out across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America accounted for the largest share in the global lawn mowers market owing to the rising trend of beautification which is spurring the adoption of the product and driving the demand of lawn care equipment. Also, the rising importance of landscaping services to improve residential and commercial places is fueling the product demand in the region.
The Report Segments Global Lawn Mowers Market -
- North America
- Latin America
- Middle East and Africa
Players Profiled in the Report:
American Honda Motor Co. Inc. (Honda Power Equipment), Ariens Company, Deere & Company (Agriculture & Turf), Falcon Garden Tools Pvt. Ltd., Husqvarna Group, Robert Bosch GmbH (Bosch Power Tools), Robomow (Friendly Robotics), and The Toro Company.
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