October 05, 2021
According to the research report titled, ‘Global Robotic Lawn Mowers Market, 2021-2027’, available with MarketStudyReport, global robotic lawn mowers market is anticipated to register 11.2% CAGR during 2021-2027.
As per the report findings, growth of global robotic lawn mowers market is boosted by rising safety concerns over traditional lawn mowers, surge in labor costs, as well as optimum product characteristics such as energy efficiency, low noise levels, and dust free operations.
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Additionally, increasing consumer inclination towards gardening activities and lawn beautification for enhancing property aesthetics along with growing disposable incomes of the masses across several geographies are augmenting industry outlook.
For the unversed, robotic lawn mowers are autonomous robots used for cutting and trimming lawn grass.
On the downside, higher initial costs in comparison with tradition lawn mowers, availability of low-cost labor in developing countries, and limited area coverage offered by these products are likely to hamper the renumeration scope of global robotic lawn mowers market in the ensuing years.
The application spectrum of the marketplace includes commercial and residential. Among these, commercial segment is expected to record notable gains during the forecast timeline owing to technological advancements and development of high-capacity robotic lawn mowers.
Speaking of geographical landscape, regions like North America, Europe, Asia Pacific, South America, and Middle East & Africa are considered in the report to understand the industry dynamics. Among these, Europe market is projected to expand significantly during 2021-2027, attributable to shifting inclination towards energy efficient robotic lawnmowers to ensure low emissions rates, increase in online retailing, and rising demand for landscaping services to enhance commercial and residential lawns.
Key players operating in global robotic lawn mowers market are Zucchetti Group SPA, Yamabiko Corporation, The Toro Company, Stiga S.P.A, Robert Bosch GmbH, Mtd Products, Inc., iRobot Corporation, Husqvarna AB, Honda Motor Company, Ltd., Deere & Company, and Andreas Stihl AG & Co. KG.