Global Robotic Lawn Mower Market to advance at Rapid Growth rate by 2027
“According to a new market research report published by Inkwood Research, “the Global Robotic Lawn Mower Market is escalating at a CAGR of 11.07% & 12.78% by revenue and volume respectively over the estimated years of 2019-2027.”
“Browse 36 market Data Tables and 50 Figures spread over 105 Pages, along with an in-depth TOC on Global Robotic Lawn Mower Market forecast 2019-2027.”
The autonomous robotic lawn mower can work without human intervention inside a demarcated region that is bounded by certain perimeter wire. It functions smoothly with the help of inbuilt ledge sensors. The navigation system that allows the device to track the required area to be mowed, directs the blade motion which is crucial for the main functioning of the device, helping to maintain two-way forms of interactions with the operator, and helps in maintaining an efficient energy management system.
Lawn mowers are nowadays extensively utilized in many application areas in the market, such as in the sports fields, golf courses, public parks, etc. All these factors are expected to spur the demand for the market globally. The elimination of safety hazards related to traditional lawn mowers, the requirement of less time for carrying out household chores, burgeoning size of the aging population, rising focus on gardening as a way for relaxation and increasing numbers of landscaping services are fuelling the growth of the robotic lawn mower market. However, the increasing adoption of artificial grass and precariousness in the prices for raw material are withholding the growth of the global robotic lawn mower market.
Less Time for Household Activities Demands the Use of Robotic Lawn Mowers
Day by day, the working hours of the consumer are raising, which follow through the time invested for maintaining housing chores to be minimized. A solution to such an issue is the automation of the devices used in daily activities. The Robotic lawn mowers fit the purpose efficiently, and the sophistication in their autonomous functioning help the end-users by reducing the time consumed to carry out the weekly mowing chores. It has brought about a change in the way consumers prioritize their time by dedicating more time to other activities rather than mundane chores. This factor is expected to drive the demand for robotic lawn mowers among end-users worldwide during the forecast period.
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Residential Sector Contribute the Most to the Robotic Lawn Mower End-Users Market
The Residential user segment comprises of people that use a machine to mow small garden or compound. Typically, the use of robotic lawn mower for this segment of people is strictly for their home use, most commonly for small gardens or large estates. It is the prominent end-user of the global robotic lawn mower market. This particular user leans mostly towards budget robotic lawn mower for tending small gardens, while the bigger ones essentially require the use of the few highly-priced robotic mowers with ample investment capabilities. The prices for robotic lawn mowers suitable for residential use range up to $4,200 while there is an abundance of robotic mowers that are affordable such as that of the Bosch Indego 400 Connect, which costs around $1,200.
Europe is the Highest Revenue Contributor for the Robotic Lawn Mowers Market Globally
The major reason attributed for the growth of the market had been the launch of multiple modifications of the robotic lawn mowers in the Europe region by the vendors. Product launches by leading market giants such as Husqvarna that brings forth many modified advantages like enhancement in mowing efficacy and battery charging capability have inculcated steady growth and higher demands for these devices, as they are technologically more advanced than their predecessors. Thus, they were easily accepted by end-users at large in a rapid fashion. Other market players such as Honda, Hitachi, etc. have also announced the launch of their robotic lawn mowers varieties in the European regional market.
These devices are quickly becoming very conventional among the consumer pool as it witnesses a high adoption rate among the European end-users. The consumers will be using the maintenance services for open areas expansively in the next few years, which will propel the landscaping amenities that essentially uses the autonomous lawn mowers in the regional market. Europe has a fair amount of societies and public parks with a rigorous lifestyle that requires garden equipment frequently, which raises the market profits.
The competing entrepreneurs, startups & established companies in the Robotic lawn mower market invest to reap profits through various research, innovation, investments and other strategic steps that will enhance the market growth for Robotic lawn mower prices across the world.
Hitachi, Ltd., the Kobi Company, MTD Products Inc., Stiga S.P.A., Robert Bosch GmbH, Deere & Company, Zucchetti Centro Sistemi S.P.A., LG Electronics, Honda Motor Co., Ltd., Husqvarna Group, and others are the major companies that are dominating the global robotic lawn mower market.
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