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%.
Robotic Lawn Mower Market
The global robotic lawn mower market was estimated at 613 (USD Million) in 2019 and is projected to be valued at 1,302 (USD Million) by 2025 at a CAGR of 13.8%. The report offers valuation and analysis of robotic lawn mower market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).
Key Growth Drivers
Growing robotics trends and large-scale use of AI to implement tasks with precision & exactness is projected to impel the expansion of robotic lawn mower industry over the forecast timespan. Apart from this, the paradigm shift witnessed in the world of technology along with rise in the smartphone use for controlling the functioning of the mowers will leapfrog the growth of the robotic lawn mowers market over the forecast timeline.
Our study offers market attractiveness analysis in a precise manner, thereby assisting the buyer in unfurling the huge growth prospects of the robotics lawn mower market over the timespan from 2019 to 2025. The report also provides data about the market from 2016 to 2018. Moreover, the market is segmented into lawn size, end-user, connectivity type, distribution channel, and region.
Based on the lawn size, the market is sectored into Medium-Sized, Small-Sized, and Large-Sized. Apparently, medium-sized segment is predicted to acquire a major chunk of the overall market share over the forecast timeline. The growth is attributed to the increase in the lawn spaces in the developed countries leading to massive demand for mid-sized robotic lawn mowers.
On the basis of end-user, the robotic lawn mower industry is divided into commercial and residential sectors. Additionally, the introduction of new technologies along with the designing of robotic lawn mowers is projected to assist the commercial sector register high growth rate over the forthcoming years.
Furthermore, based on the connectivity type, the market is sectored into without connectivity and with connectivity. In terms of distribution channel, the industry is divided into retail stores and online websites. Based on the region, the industry is segregated into North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America.
Key players profiled in the report include Robert Bosch GmbH, The Toro Company, The Husqvarna Group, Zucchetti Centro Sistemi Spa, Deere & Company, STIGA S.p.A, Honda Motor Company, The Yamabiko Corporation, AL-KO, STIHL Holding AG & CO.KG, WORX, and Milagrow.
The global Robotic Lawn Mower Market is segmented as follows:
By Lawn Size
By Distribution Channel
By Connectivity Type