The Global Robotic Lawn Mower Market Is Expected To Grow At A CAGR Of Over 17% During The Forecast Period 2022-2023


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Shibuya Data Count

Feb 04, 2021, 02:08 EST


Shibuya-ku, Tokyo, Japan, Japan, Feb 04, 2021, 02:08 /Comserve / -- Major vendors in the global market are Friendly Robotic/Robomow, Global Garden Products, Husqvarna, Robert Bosch, Zucchetti Centro Sistemi.

The global robotic lawn mower market is expected to cross $2 billion by 2022. The market is expected to grow at a CAGR of 17% in terms of revenue and approximately 20% in terms of shipment during the forecast period. The rise in end-users’ disposable income has increased their purchasing power, thereby boosting replacement demand in the market.

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Robotic Lawn Mower Market: Key Vendor Analysis
Intense competition among the small and large sized vendors

The global robotic lawn mower market is highly concentrated with a limited number of small and large-sized players, and the competition among these players is intense. Market concentration in developed countries such as Europe is high, while the market is more fragmented in developing countries such as APAC because of the presence of local vendors who provide low-cost mowers.

Major vendors in the global market are Friendly Robotic/Robomow, Global Garden Products, Husqvarna, Robert Bosch, Zucchetti Centro Sistemi.

Robotic Lawn Mower: Market Dynamics
Preference of smart robotic technologies and adoption of smart home to drive the market

Increased adoption of smart robotic technologies among end-users across the world is the latest trend that is going to bolster the market growth. In addition, the growth in the value of green spaces and green roofs worldwide, and the adoption of smart home concept is also having a positive effect on the market growth. Decreased time for household activities and growth of aging population, increased promotional and marketing activities resulting in the better visibility of different products are among the other driving factors that are likely to impact the market. Also, growth in the professional landscaping services industry and increased replacement of old lawn mowers with robotic lawn mowers to overcome the safety hazards are the other factors that will push the market growth during the forecast period. The report further analyses the factors that are going to emerge as challenges for the market such as high cost of branded high-end models and increasing competition from Chinese vendors.

The demand for garden equipment is fuelled by factors such as an increase in income level, rise in consumer awareness, increase in aging population, and an increased zeal for backyard beautification. In developed countries, the growth in the construction industry will contribute to the demand for robotic lawn mowers. New construction will further drive the demand for new residences, which are likely to drive the demand for robotic lawn mowers. In developing countries, the construction of golf courses, public gardens and parks, and commercial business complexes drive the growth of the market. The demand will be fuelled by the commercial segment where aesthetic appeal is an important area of consideration. The growth in the unit consumption will increase; however, revenue growth will be hindered by declining prices of robotic mowers during the forecast period. Also, the robotic lawn mower market is increasingly getting commoditized with many low-cost models being introduced in the market on the regular basis.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91255

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Table of Content

1 Research Methodology
2 Research objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by End-user Type
4.3.2 Market Segmentation by Distribution Channel Type
4.3.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1.1 Inclusions
5.1.2 Exclusions
5.2 Currency Conversion rate
5.3 Market Derivation

A robotic lawn mower is a service robot. It is used for mow yards, gardens, lawns, parks, golf courses, and other commercial spaces. An autonomous mower functions without human intervention within a defined area closed by a perimeter wire. It is fitted with a navigation system that enables the device to track the area required to be mowed, cutting equipment that is the main functional unit of the device, two-way interactions with the user, and an efficient energy management system.

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