04-Feb-2020 | Zion Market Research
As per researchers at Zion Market Research, in 2018 the global robotic lawn mower market was valued at USD 533 million and is anticipated to surpass almost USD 1,302 million by 2025, at a CAGR of 13.8%. Elevation in cost of labor, requirement for noise free-operation, and safety concerns over conventional lawn mowers are some of the primary factors that will boost the global market.
The major players dominating the robotic lawn mower market are Robert Bosch, Husqvarna Group, Zucchetti BraciCentro Sistemi SPA, Deere and Company, STIGA SPA, Honda Motor Company, Yamabiko Corporation, AL-KO, STIHL Holding and CO.KG, WORX, The Toro Company, and Milagrow. The main strategies used by major firms to maintain their status are partnerships and expansions. Husqvarna is the top contender in the global robotic lawn mowers market. It has a diverse portfolio of product and is the oldest firm in the market all over the world. In addition to this, the firm has a product portfolio for all the market sections.
Commercial Segment Is Predicted To Be The Quickest Developing Segment In The Coming Years
The existence of robotic lawn mowers in commercial sectors is on the lower end due to lesser accessibility of the suitable product mix. On the other hand, with the development of high capacity robotic lawn mowers and rise in the technology, this section is predicted to show the quickest development in the years to come.
Medium-Sized Segment Anticipated To Have The Biggest Share
Presently, a number of end consumers prefer large- and medium-sized lawn mowers. Therefore, these two sections are developing at a quicker rate, whereas the robotic lawn mower with small size is developing at a sluggish rate. In addition to this, the rise in lawn spaces, particularly in developed nations is contributing to the rising demand for large- and medium-sized lawn mowers. Due to lower price point and a better product mix for coverage of area, the medium-sized mower is anticipated to be the quickest segment in the years to come.
Europe Is The Fastest And The Biggest Developing Market For Global Robotic Lawn Mower Market
In Europe, more users reside in independent residential areas and are more interested in making lawns in their houses. Hence, the European lawn care sector is already developed, but due to the different benefits of robotic lawn mowers over traditional lawn mowers, the growth for the same is anticipated to develop further, and this will result in higher development of the market in Europe in the years to come.
This review is based on a report by Zion Market Research, titled “Robotic Lawn Mower Market by Lawn Size (medium-sized, small-sized, large-sized), End User (Commercial, Residential), Connectivity Type (Without Connectivity, With Connectivity), Distribution Channel (Retail Stores, Online Websites), and Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025” report at https://www.zionmarketresearch.com/report/robotic-lawn-mower-market
The global Robotic Lawn Mower Market is segmented as follows:
By Lawn Size
By Distribution Channel
By Connectivity Type
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