DUBAI, UAE / ACCESSWIRE / August 17, 2020 / According to Future Market Insights, the robotic lawn mowers market is expected to close in on US$ 2 Bn by 2029.
Rapid proliferation of Industry 4.0 is compelling industries to adopt artificial intelligence and introduce automation in their production processes. Of late, significant inroads have been made by automation in the consumer goods segment. This is in response to heightened demand for technologically adept products to ease daily chores.
As green space management acquires priority, consumers are increasingly resorting to gardening in which demand for faster operations such as lawn cutting and mowing has accelerated. In this light, the sales of robotic lawn mowers have upticked in recent years. Commercial-grade gardening is also witnessing an upswing in this respect.
"Heightened government spending on maintaining green spaces to combat global warming is boding well for the robotic lawn mowers market, expected to register double-digit growth in the forecast period," says the FMI analyst.
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Key Takeaways from FMI's Robotic Lawn Mowers Market Report
- Small & large area robotic lawn mowers will hold major sway during the forecast period
- Residential segment is the primary market attributed to increasing ownership of backyard or frontal gardens
- Online sales through e-commerce channels such as Alibaba, Amazon and Flipkart are anticipated to increase by 2029
- GPS and Bluetooth enabled lawn mowers will surge in popularity, due to enhanced precision
- Global robotic lawn mowers market shall surge at a 12% CAGR from 2019-2029
Robotic Lawn Mowers Market- Key Trends
- Widespread urbanization is paving way for green buildings, upscaling usage of robotic lawnmowers in residential settings
- Affordable pricing of machines is proving beneficial for manufacturers to attract more customers
- High-installation costs to hinder adoption of automated lawn mowers by middle-income consumers
Robotic Lawn Mowers Market- Region-wise Analysis
- Europe & North America will spearhead revenue shares in the robotic lawn mowers market
- Both regions capture nearly 75% of the total revenues across the world
- Immense investment opportunities due to favorable business policies is shifting the revenue landscape towards the Asia-Pacific
- China and Japan will remain primary growth levers in the Asian region
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Robotic Lawn Mowers Market- Competitive Landscape
The global robotic lawn mowers market is fairly consolidated with the presence of a handful of prominent market players. Some of these include Robert Bosch GmbH, MTD Products, Husqvarna AB, KYODO CO LTD and STIGA S.p.A. These players account for half of the total revenue share.
STIGA S.p.A dominates the lawn mowers market, manufacturing battery-powered, electric and petroleum-based lawn mowers respectively. Its portfolio includes the COMBI 43 series in the battery category while the electric segment includes the COLLECTOR series. The company has established a robust distribution network by establishing its operations across Asia, Africa, Europe and the Americas.
Kyodo Co Ltd is another prominent market player. Its most popular product is the LawnBott Automated lawn mowing robot. This lawn mower is equipped with an automatic battery charger, thus doing away with the need to manually plug-in the lawn mower when the battery is low. Moreover, it is also equipped with a low noise motor, making it suitable for usage anytime.
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Robotic Lawn Mowers Market Taxonomy
Working Area
- Small Area (Up to 0.4 acres)
- Medium Area (0.4-0.8 acres)
- Large Area (Above 0.8 acres)
End Use
- Residential
- Commercial
Sales Channel
- Offline
- Online
Region/Country
North America
- U.S
- Canada
Latin America and Middle East & Africa (LAMEA)
- Brazil
- Mexico
- GCC
- Rest of LAMEA
Europe
- EU-5
- Russia
- Rest of Europe
South East Asia & Pacific
- China
- Japan
- India
- ASEAN
- Oceania
- Rest of South East Asia & Pacific
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Find More Valuable Insights on the Robotic Lawn Mower Market
FMI, in its new research report, offers an unbiased analysis of the global robotic lawn mower market, presenting historical demand data of 2014-2018 and forecast statistics for the period of 2019-2029. The report reveals insights on the robotic lawn mower market, and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the robotic lawn mower market value chain. Readers can also find key trends and market growth scenarios across prominent segments and geographical locations.
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SOURCE: Future Market Insights