Sales of Robotic Lawn Mowers to Close in on US$ 2 Bn by 2029
Amidst Industrial 4.0, the industrial sector has been in a haste to embrace automation in order to reduce operational costs as well as improve overall workplace efficacy. Moreover, automation is making inroads into the consumer goods sector, driven by demand upsurge in residential use cases. FMI suggests that, industrial robotics and autonomous solutions are likely to play an instrumental role in the future of green space management. Tech-enabled advancements such as artificial intelligence (AI) and machine learning (ML) have set the stage for robotic lawn mowers, upgrading their efficiency. As per this FMI study, worldwide deployment of robotic lawn mowers will grow more than threefold over the forecast period of 2019-2029.
Frequently Asked Questions about Robotic Lawn Mower Market
How will the robotic lawn mower market progress in the future?
The global robotic lawn mower market is estimated to grow at a significant rate, owing to increasing residential as well as commercial application of robotic lawn mowers. Rising penetration of artificial intelligence and technological advancements in robotic lawn mowers have made the product more efficient, which is estimated to drive market growth over the forecast period.
Will high installation costs affect the future trajectory of the robotic lawn mower market?
Robotic lawn mowers entail high installation cost due to the difficult set-up procedure. However, sales will remain significantly influenced by the technically-advanced and automated features of robotic lawn mowers.
Which application area holds potential growth opportunities for market players?
Residential applications of robotic lawn mowers are expected to provide sustainable opportunities for key players in the global market. Increased expenditure on activities such as landscaping, backyard beautification, backyard cookouts, and garden parties, along with the need to save time spent on lawn maintenance activities, is poised to drive the demand for robotic lawn mowers over the forecast period.
What is the degree of competition in the robotic lawn mower market?
The robotic lawn mower market shows a highly competitive structure, with the presence of large number of regional and local market players. Key market players such as Husqvarna AB, MTD Products, STIGA S.p.A., KYODO CO., LTD., and Robert Bosch GmbH, and others account for major market share in the global robotic lawn mower market.
Which region will lead the global sales of robotic lawn mowers?
Europe remains at the forefront of the global robotic lawn mower market, with significant market potential in the growing markets of Germany and the U.K. The moderate size of lawns in the region encourages the demand for automatic mowing equipment, suggesting a strong outlook for robotic lawn mowers. The robotic lawn mower market in the region is projected to surge, as lawn mowers continue to be one of the most prominent outdoor equipment in the U.K.
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 Revenues
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.
Small area (up to 0.4 acre) robotic lawn mowers in high demand
Large area (above 0.8 acre) robotic lawn mowers to gain momentum
Residential sector remains primary customer
Commercial sector to witness adoption upsurge
Maximum sales via offline channels
Sales through online channels to surge
How Growth will Unfold
Offline sales channels have been favored 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 meagerly 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.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
A recent market study published by FMI on the robotic lawn mower market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the robotic lawn mower market, the growth prospects of the market are obtained with maximum precision.
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.
Working Area
- Small Area (up to 0.4 acre)
- Medium Area (0.4-0.8 acre)
- Large Area (above 0.8 acre)
End Use
- Residential
- Commercial
Sales Channel
- Offline
- Online
Region
- North America
- Latin America and the Middle East & Africa (LAMEA)
- Europe
- South East Asia & Pacific
What's Included
The report initiates with the executive summary of the robotic lawn mower market, which includes a summary of key findings and statistics of the market. It also includes the demand-side & supply-side trends about the robotic lawn mower market.
Readers can find the definition and a detailed taxonomy of the robotic lawn mower market in this chapter, which will help them understand basic information about the market. Along with this, comprehensive information pertaining to robotic lawn mowers is provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the robotic lawn mower market report. This chapter also explains the key macro-economic factors that are expected to influence the growth of the robotic lawn mower market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis for the robotic lawn mower market.
In-depth information about the market dynamics and their impact related to the drivers, restraints, opportunities, and trend analysis on the market have been provided in the section.
Based on end use, the robotic lawn mower market is segmented into residential and commercial. Residential consumers are the prominent end users for robotic lawn mowers. In this chapter, readers can find information about the key trends and developments in the robotic lawn mower market and market attractiveness analysis based on end use.
Based on sales channel, the robotic lawn mower market is segmented into offline and online. In this chapter, readers can find information about key trends and developments in the robotic lawn mower market and market attractiveness analysis based on sales channel.
This chapter provides details about the robotic lawn mower market based on the working area, and has been classified into small area, medium area, and large area. In this chapter, readers can understand the market attractiveness analysis based on working area.
This chapter explains how the robotic lawn mower market will grow across several geographic regions such as North America, LAMEA, Europe, and South East Asia & Pacific.
This chapter includes a detailed analysis of the growth of the North America robotic lawn mower market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on application and countries in North America.
This chapter provides the growth scenario of the robotic lawn mower market in LAMEA countries such as Brazil, Mexico, GCC Countries, and the Rest of LAMEA. Along with this, an assessment of the market across target segments has been provided.
Important growth prospects of the robotic lawn mower market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Russia, and the Rest of Europe are included in this chapter.
This chapter highlights the growth of the robotic lawn mower market in East Asia by focusing on China, Japan, India, ASEAN, Oceania, and rest of South East Asia & Pacific. This section also helps readers understand the key factors that are responsible for the growth of the robotic lawn mower market in South East Asia & Pacific.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the robotic lawn mower market, along with their market presence analysis by region and product portfolio. In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the robotic lawn mower market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Husqvarna AB, MTD Products, STIGA S.p.A., KYODO CO., LTD., Robert Bosch GmbH, Deere & Company, NINGBO NGP INDUSTRY CO., LTD., Zucchetti s.p.a., Robomow, iRobot Corporation, Milagrow HumanTech, and American Honda Motor Co., Inc., among others.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the robotic lawn mower market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the robotic lawn mower market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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