Robotic Lawn Mower Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032
Technological advancements and rising penetration of artificial intelligence have paved the way for increased sales of robotic lawn mowers, since they have become much more efficient.
Rising dependency on automation in the commercial sector to
decrease operating costs and increasing adoption of domestic robots for
residential applications are major factors estimated to drive the growth of
the robotic
lawn mower market during the forecast period.
According to FMI’s recent market study, the robotic lawn
mower market is projected to progress at a high CAGR of 11.5% and reach a
valuation of US$ 2 Bn by the end of the forecast period (2021-2031).
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Key Takeaways of Robotic Lawn Mower Market Study
In terms of segmental analysis, the sales of robotic lawn
mowers are expected to remain concentrated to residential end use;
nevertheless, sales in the commercial segment are projected to witness hefty
growth over the coming years.
e-Commerce growth across the globe squarely proliferates a
robust outlook for manufacturers to sell their robotic lawn mowers through
online channels/retail partners such as Amazon, e-bay, Alibaba, The Home Depot,
etc.
Demand in the Europe-based consumer market has grown rapidly
in recent years, and still shows a substantial growth opportunity, as the
robotic lawn mower market in the region is far from saturation.
GPS and Bluetooth-enabled robotic lawn mowers and wireless
mobile devices are potential investment options for manufacturers. Multiple
voice interaction is also being provided in upcoming connected robotic lawn
mowers.
“There is significant potential in the long-run as far as
robotic lawn mowers are concerned for lawns in commercial areas, sports fields,
hotels, and parks. Thus, companies in the market are positioning themselves to
enter the professional/commercial market where requirements for technology and
reliability are even higher
Robotic Lawn Mower Market : Competitive Landscape
The global robotic lawn mower market is significantly
consolidated, with a few players holding a prominent share of nearly 50% in the
market space.
Some of the key players operating in the global robotic lawn
mower market are Husqvarna AB, MTD Products, STIGA S.p.A., KYODO CO., LTD., and
Robert Bosch GmbH, among others.
Moreover, to win over market imponderables and shakeouts,
manufacturers such as Husqvarna, MTD, and Honda are expanding their geographic
reach to South East Asia & Pacific.
Find More Valuable Insights on Robotic Lawn Mower Market
FMI, in its new research report, offers an unbiased analysis
of the global robotic lawn mower market, presenting forecast statistics for the
period of 2021-2031.
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
based on working area, end use, sales channel, and regions such as North
America, LAMEA, South East Asia & Pacific, and Europe.
Robotic Lawn Mower Market Taxonomy
The global robotic lawn mower market is segmented in detail
to cover every aspect of the market and present complete market intelligence to
the reader.
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Working Area
- Small
Area (up to 0.4 acre)
- Medium
Area (0.4-0.8 acre)
- Large
Area (above 0.8 acre)
End Use
- Residential
- Commercial
Sales Channel
- Offline
- Online
Region
- North
America
- Latin
America and the Middle East & Africa (LAMEA)
- Europe
- South
East Asia & Pacific
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