The global Robotic Lawn Mower market gathered revenue around USD 2.9 billion in 2021 and market is set to grow USD 4.6 billion by the end of 2027 and is estimated to expand at a modest CAGR of 12.9% during the prediction period 2022 to 2027.
A robotic lawn mower is a self-directed robot designed to cut lawn grass. It primarily moves with the help of border wire, which is drawn across the boundary of the lawn. It is equipped with a processor and sensors to sense the boundaries to be cut. It is also equipped with batteries such as lithium-ion, lead-acid, and nickel-metal hydride (NiMH). These autonomous robotic lawn mowers are placed for limited areas up to 30,000 m2 (320,000 sq. ft.) of grass.
Global Robotic Lawn Mower Market Dynamics:
The increasing landscaping services and high labor cost is some of the prominent factors that accelerate the growth of the market during the forecast period. The market players are collaborating to develop innovative products that eliminate the concerns regarding increasing landscaping services and high labor costs. For instance, in 2019, Mean Green Products, LLC (US), a leader in commercial electric mower manufacturing, collaborated with The Kobi Company (US), a leading company in robotic solutions to establish safe, economical, convenient and vast area robotic lawn mower. Moreover, the integration of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and Machine Learning (ML) provides a lucrative opportunity for the robotic lawn mower market growth during the forecast period. For instance, Bosch, a Germany-based smart devices conglomerate uses both AI and ML in its lawn mowers for obstacles identification.
Report Coverage
Report Scope | Details |
Market Size | USD 4.6 billion by 2027 |
Growth Rate | CAGR of 12.9% From 2022 to 2027 |
Base Year | 2021 |
Forecast Period | 2022 to 2027 |
Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
Segments Covered | By Range, By Application, Region |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Companies Mentioned |
Deere & Company,Robert Bosch GmbH,Hitachi, Ltd.,Honda Motor Co., Ltd.,Husqvarna Group,Zucchetti Centro Sistemi S.p.a.,STIGA S.p.A.,LG Electronics,The Kobi Company,MTD Products Inc,ECHO ROBOTICS, FutureGen Technologies Inc.,LINEATIELLE s.r.l.,TURFLYNX,Yamabiko. |
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Robotic Lawn Mower Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
The Global Robotic Lawn Mower Market Segmentation:
By Range
By Application
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Based on the range, the medium-sized segment is expected to hold a significant market share during the forecast period owing to a superior product mix for area coverage and a lower price point
Based on the range, the robotic lawn mower industry has been segmented into small-sized, medium-sized, and large-sized. The medium-sized segment of the robotic lawn mower market accounted for the largest market share in 2020 and is expected to hold a significant market share during the forecast period owing to a superior product mix for area coverage and lower price point. Moreover, the increase in the lawn areas, particularly in the developed economy such as the US, Germany, and others contributed to the growth of medium-sized robotic lawn mowers.
Based on the application, the residential segment is expected to dominate the robotic lawn mower market during the forecast period due to the increase in demand for convenience robotic lawn mowers as compared to the risky traditional manual lawn mower
Based on the application, the robotic lawn mower industry is segmented into residential and commercial. The residential segment dominated the market in 2020 and is expected to show its dominance during the forecast period due to the increase in demand for convenience robotic lawn mowers as compared to the risky traditional manual lawn mower. Moreover, the growing interest of the people to enhance the visual appeal of the house and increasing inclination towards greenery is one of the major factors that drive the segment growth of the market.
Based on region, Europe is expected to dominate the market share during the forecast period
Europe is expected to dominate the market during the forecast period owing to the presence of several large and small-sized companies in the landscaping industry for construction and the design of landscaping maintenance equipment will offer stronger competition among the players. Moreover, Europe, which is considered as one of the biggest and leading in the gardening equipment segment, is especially anticipated to be pushed through commercial end-users which can be profoundly growing using these machines of their respective businesses. Companies are anticipated to apply strong ground management equipment, growing the need for landscaping offerings in the area. A developing number of commercial spaces, with several public parks and lawn areas, is also boosting the demand for robotic lawn equipment, which in turn, driving the growth of the robotic lawn mower market in the region.
The report also provides an in-depth analysis of robotic lawn mower market dynamics such as drivers, restraints, opportunities, and challenges:
Drivers
Restraints
Opportunities
Challenges
*Note: A detailed analysis is specific to the robotic lawn mower market will be provided in the report
The report also provides an in-depth analysis of key trends in the robotic lawn mower market:
The report also provides an in-depth analysis of recent news developments and investments:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Robotic Lawn Mower market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Robotic Lawn Mower market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Robotic Lawn Mower markets more accurate and reliable.
Key Points Covered in Robotic Lawn Mower Market Study:
Table of Contents Robotic Lawn Mower Market:
Market Introduction
Research Methodology
Executive Summary
Premium Insights
Market Overview & Competitive Landscape
Market Segmentation (Market Size and Share Analysis)
Market Dynamics
COVID – 19 Opportunity Mapping
Regional Market Analysis
Company Profiles