Robotic Lawn Mower Market Snapshot
As per Future Market Insights (FMI), robotic lawn mower market is anticipated to progress steadily at a CAGR of over 11.5% between 2021 and 2031. Driven by increasing construction of public gardens, commercial buildings, and landscaping services, the robotic lawn mower market is projected to surpass US$ 737 Mn in 2021.
The market exhibited imposing CAGR of over 10.0% between 2016 and 2020. Despite challenges posed by COVID-19 outbreak, robotic lawn mower market projected over 4.0% year-on-year growth between 2021 and 2031.
Key Points Covered In Robotic Lawn Mower Market Research
- Market Estimates And Forecast 2021 - 2031
- Key drivers and restraints impacting the market growth
- Segment wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Robotic Lawn Mower Market and How to Navigate
- Recommendations on Key Winning Strategies
Robotic Lawn Mower Market Future Outlook for 2021 – 2031 Brighter than Robotic Lawn Mower Historic Sales
The robotic lawn mower market is expected to rise consistently at a CAGR of over 11.5% and is projected to reach a market valuation of US$ 737 Mn in 2021.
Growing demand for ecologically-sound technology, paradigm shift of consumers towards elevating their backyard lawns, lack of competent labor, increasing investment in research on Artificial Intelligence and properties of robotic lawn mower, and support from government through favorable policies are creating prospects for robotic lawn mower sales growth.
Some of the leading robotic lawn mower are focusing on mergers & acquisitions, and partnerships to strengthen their position in market, further enhancing their product portfolio.
For instance, in 2019, Mean Green Products, LLC (Mean Green Mowers), a leader in commercial electric mower manufacturing, collaborated with The Kobi Company, a leading company in robotic solutions to establish a safe, economical, convenient and vast area robotic lawn mower.
Rising inclination towards landscaping services and unavailability of competent labor in the market compelled manufacturers to undertake the route collaboration. These collaborations will help in producing zero emission autonomous mowing machines, coupled with expanding the company’s product portfolio. Several other companies are focusing on innovations to gain competitive strength.
For instance, Honda announced the launch of its new premium cordless lawn mower models namely, HRG416XB and HRG466XB built on the standards of IZY platform. Newly designed models are equipped with a novel brushless motor design for increased facility and also functions dynamically even in the most pressing conditions.
Backed by strategies adopted by leading market players, global robotic lawn mower market is anticipated to witness an impressive growth during the forecast period.
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Manufacturers Stay Glued to Residential Sector
The residential sector leads in the deployment of robotic lawn mowers, and would generate nearly 60% of total returns to shareholders. Increased expenditure on activities - landscaping, backyard beautification and cookouts, and garden parties, along with the need to save time on lawn maintenance activities, are driving the adoption of robotic lawn mowers in this end use sector. The commercial sector, in the recent past, has been staunchly inclining towards automation in order to achieve operational efficiency. Robotic lawn mower market players are tapping into this opportunity to uncover new revenue lines.
North America and Europe to Shape Global Revenue
North America and Europe will continue to engage stakeholders in the robotic lawn mower market over the projection period. These regions have been a testing ground for robotic technology over the past few decades, and procure nearly ¾ of total market revenue, collectively. FMI’s study further reveals that, the market in the U.S. represents the most worthwhile value-capture prospects. While these developed regions are showing substantial growth opportunity, market players are also turning to South East Asia & Pacific for sustained market foothold.
GPS-Enabled Robotic Lawn Mowers - Potential Investment Opportunity
Market incumbents are developing robotic lawn mowers equipped with GPS technology, which allows the mowers to operate within virtual boundaries. These GPS-enabled robotic lawn mowers come with enhanced flexibility and applicability in green spaces, as virtual boundaries can be adjusted to cater to the ever-evolving needs of commercial and residential areas. GPS technology overcomes the challenges of existing robotic lawn mowers, such as working on hard surfaces, and scarifying and aerating the lawn.
How Growth Will Unfold
Offline sales channels have been favoured for players in the robotic lawn mower market. Towards the end of the forecast period, manufacturers would reap over US$ 1 Bn via offline sales channels. As customers are becoming more demanding and discerning, shareholders are stepping into the e-Commerce ecosystem to deliver a seamless purchasing experience.
Despite contributing meagrely to market value, proliferation of the electronics retail industry will attract meaningful investments. Market players are creating online channels from scratch, or are partnering with e-retail giants such as Amazon and Alibaba to boost their margin growth.
Key Questions Covered In the Report
How much is the Robotic Lawn Mower Market Worth?
The global robotic lawn mower market size is projected to surpass US$ 737 Mn in 2021.
At What Rate Did the Robotic Lawn Mower Market Grow in the Last Five Years?
The robotic lawn mower market demonstrated growth at 10.0% CAGR between 2016 and 2020.
What is the Market Share of Top 5 Players in Robotic Lawn Mower Market?
The top five players including, Husqvarna AB, MTD Products, STIGA S.p.A., KYODO CO., LTD., Robert Bosch GmbH, Deere & Company, NINGBO NGP INDUSTRY CO., LTD., Honda accounted for 55% of the overall market.
What is the North America Robotic Lawn Mower Market Outlook?
Sales in North America will continue rising at 12.0% CAGR, backed by increasing demand from residential segment.
Which Countries are Key Exporters of Robotic Lawn Mower?
The major exporters of robotic lawn mower include, the U.S., Japan and Germany.
Which Countries are Key Producers of Robotic Lawn Mower?
The U.S., the U.K., Canada, China, Japan and Germany are touted as leading producers of robotic lawn mower market.
At What Percentage will the Robotic Lawn Mower Market Grow in Europe?
The Europe is projected to grow at an average annual rate of 11.7% in the forecast period.
What are the Key Trends of Robotic Lawn Mower Market?
Product diversification and employment of online sales channels by original equipment manufacturers (OEMS) are the key trends observed in the market.
What is Driving Demand for Robotic Lawn Mower Market?
Rising expenditure on activities including, garden parties, cookouts, landscaping and backyard beautification are urging adoption of robotic lawn mowers in the end use segment.
What are the Key Statistics for Robotic Lawn Mower Market in Japan and South Korea?
Global share cumulatively for Japan and South Korea in the robotic lawn mower market is 8%.
Robotic Lawn Mower Market Taxonomy
The global robotic lawn mower market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
- Small Area (up to 0.4 acre)
- Medium Area (0.4-0.8 acre)
- Large Area (above 0.8 acre)
- North America
- Latin America and the Middle East & Africa (LAMEA)
- South East Asia & Pacific