Robotic Lawn Mower Market is expected to rise at a CAGR of17%
Robotic Lawn Mower – Report Insights
Robotic Lawn Mowers are autonomous robots used to mow lawns, yards, gardens, parks, golf courses and other commercial properties. A robotic lawn mower is a service robot. Service robots are intelligent machines that perform a variety ofcomplex and simple tasks that might be time-consuming or repetitive.
The report “Global Robotic Lawn Mower Market – Strategic Assessment and Forecast 2017-2022″ provides the in-depth analysis ofthe worldwide robotic lawn mower market. The report considers the present scenario ofthe robotic lawn mower market and provides the market size, growth, trends, drivers challenges, key geographies and profiles the major and emerging vendors in the market.
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Scope ofThe Report
The market research report provides the details ofthe market size ofRobotic Lawn Mower in
This market research report includes a detailed market segmentation ofthe market by
Power Garden Equipment
Power Lawn Mower
Electric Lawn Mower
Gas powered lawn mower
Robotic Lawn Mower
By Distribution Channel
Retail (Specialty Store, Supermarket and Hypermarket)
The report also provides market share and profiles the key vendors operating in the Global Robotic Lawn Mower market and also provides the detailed competitive landscape ofkey players.
Robotic Lawn Mower Market – Market Size and Dynamics
Analysts at Publisher expects the global robotic lawn mower market to grow at a CAGR more than 19% in terms ofvolume and at a CAGR of17% in terms ofrevenue.
As robotic lawn mowers appropriately appeal to a more niche target audience (ofintense gardening customers who are meticulous caretakers), the market has witnessed growth to pre-recessionary levels. In developed regions, the growth in the construction industry will contribute to the demand for robotic lawn mowers.
The rise in construction ofnew residential properties will propel the demand for landscaping services, which, in turn, would boost the replacement ofold lawn mowers, thereby boosting demand for robotic lawn mowers as they are being among the latest trends in the market. The demand for robotic lawn mowers will be fuelled by commercial segment where aesthetic appeal is an important area ofconsideration.
The entry oftraditional garden equipment manufacturers in the market has increased sales ofrobotic lawn mowers through retail stores such as specialty stores and supermarkets worldwide. Although the trend ofselling these devices online is increasing, a significant share ofrobotic lawn mower distribution takes place through specialty stores.
Growth in the unit consumption will increase; however; revenue growth will be hindered by declining prices ofrobotic mowers during the forecast period. Robotic lawn mowers are increasingly marking their presence among end-users worldwide. The penetration ofthese automated equipment is increasing rapidly in the overall power lawn mower market across the world.
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Robotic Lawn Mower Market – Trends, Drivers, and Restraints
The latest trend witnessing in the robotic lawn mowers market is increased adoption ofsmart robotic technologies among end-users across the world. Increased influence ofInternet over end-users’ purchasing behaviour also has a major impact on robotic lawn mower sales. This market research report provides market overview ofthe factors driving and restraining the growth ofthe market. The report also outlines the key trends emerging in the market that will contribute to the growth ofWorldwide Robotic Lawn Mower Market during the forecast period.
As it is difficult to take time out for lawn maintenance, end-users largely depend on robotic lawn mowers in assisting in home care. Robotic lawn mowers fit the purpose, and their sophisticated autonomy ofthese devices help end-users reduce the time consumed to perform the weekly mowing chores. Hence decreased time for household activities and growing aging population is one ofthe major factors driving the growth ofrobotic lawn mower. Other factors include Increased promotional and marketing activities, Growth in professional landscaping services industry.
Some ofthe major challenges confronting the Worldwide Robotic Lawn Mower Market include the high cost ofa robotic lawn mower. The high cost ofa robotic lawn mower affects its demand worldwide. This is because the purchase ofrobotic lawn mowers is purely dependent on the disposable income ofend-users. Moreover, increasing adoption ofartificial grass is acting as a challenge to the growth ofthe market. Artificial grass is gaining popularity in recent years. Artificial grass does not require mowing, fertilizing, and watering like the natural grass. Thus, artificial grass becomes a great money saver for the consumers having lawns. The report also provides the Porter’s five forces analysis along with a description ofeach ofthe forces and its impact on the market.
Robotic Lawn Mower Market – Geographic Segmentation
The report includes the market analysis ofrobotic lawn mower market in different regions such as North America, APAC, Europe and Rest ofthe World (RoW). The report outlines the major market share holder and the market size analysis ofall the regions and provides the market size and forecast ofkey countries.
In 2016, Europe was the largest segment ofthe global robotic lawn mower market. It will continue to dominate the global robotic lawn mower market, and is likely to account for market shares of54% and 56% in terms ofrevenue and volume, respectively, in 2022 owing to the rising popularity ofrobotic lawn mowers and a decline in per unit price ofthese devices.
The robotic lawn mower market will witness high demand in US region owing to facts that these mowers are eco-friendly and required minimum human intervention. The growing housing market in Canada is likely to boost the demand for robotic lawn mowers.
While Australia, New Zealand, China, South Korea, and Japan account for major usage ofrobotic lawn mowers, countries such as India, Vietnam, Thailand, and Indonesia are expected to witness increased demand due to improving quality oflife in these countries during the forecast period. APAC could be looked upon as the largest potential market for robotic lawn mowers during the forecast period. However, lower gardening interest in this region owing to the lack ofthe tradition oflawn and garden care among consumers could restrain market growth.
Robotic Lawn Mower Market – Market Share and Key Vendors
As robotic lawn mowers present a lucrative market revenue growth potential, many vendors are expected to enter the market during the forecast period, which will make the market highly consolidated. This market research report profiles the major companies in the market and also provides the competitive landscape ofkey players. Within the report covers the entire market outlook regarding the value chain operating within the market. The major players in the market include
Global Garden Products
Zucchetti Centro Sistemi
Other prominent vendors in the market include AL-KO, Belrobotics,Deere & Co., E. ZICOM, Hangzhou Favor Robot Technology, Hitachi, Honda, Kobi, LG, Linea Tielle, Mamibot, Milagrow HumanTech, MTD Products, Positec Tool, STIHL
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