The global robotic lawn mower market was valued at $1226 million in 2018 & is estimated to generate net revenue of approximately $3115 million by 2027, growing at a CAGR of 11.07%.
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• A smart robotic lawn mower is characterized by intelligent
visual navigation and its ability to integrate with the
internet and control through a smartphone application.
• It is fitted with a navigation system that enables the
device to track the area required to be mowed, cutting
equipment that is the main functional unit of the device,
two-way interactions with the user, and an efficient energy
management system.
• The global robotic lawn mower market segments include
technology and end-user. The raw materials constitute the
single largest cost component in the robotic lawn mower
market.
• So fluctuations in their prices can severely impact the
market growth for the robotic lawn mowers. But,
increased penetration of internet services, improved
economy, and upgrading of purchase and delivery options
with the emergence of m-commerce can pave the way for
better access to the variety of options the marker provides
to its customer base across the world.
MARKETOVERVIEWGLOBAL ROBOTIC LAWN
MOWER MARKET FORECAST
2019-2027
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• The global robotic lawn mower market is expected to
proliferate at a CAGR of 11.07% and 12.78% in terms of
value and volume respectively during the forecast
period 2019-2027, as per the market analysis carried
out by Inkwood Research.
• The elimination of safety hazards related to
traditional lawn mowers and the reduction of time
spent on household activities are mainly responsible
for the market growth.
• The robotic lawn mowers market is increasingly
getting commoditized with many low-cost models
being introduced in the market regularly in each year.
Therefore, vendors are focusing on futuristic
products.
INTRODUCTION
Global by Robotic Lawn Mower market by
Range Covered, by End user & by
Geography.
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KEYFINDINGS
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• The global robotic lawn mower market is
expected to proliferate at a CAGR of 11.07% and
12.78% in terms of value and volume respectively
during the forecast period 2019-2027, as per the
market analysis carried out by Inkwood
Research.
• The elimination of safety hazards related to
traditional lawn mowers and the reduction of
time spent on household activities are mainly
responsible for the market growth.
• The US market holds the maximum share in the
sale and distribution of diabetes drugs.
NORTHAMERICAROBOTICLAWNMOWERMARKET
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• A robotic lawn mower is a service robot that is
an intelligent machine and can perform a variety
of complex and simple tasks that might be time-
consuming or repetitive.
• They are mainly employed to mow lawns, yards,
gardens, parks, golf courses and other
commercial properties.
• The Europe robotic lawn mower market is
expected to escalate at a CAGR of 8.84% in
terms of value and 10.91% in terms of volume
respectively.
• The United Kingdom, France, Germany, Italy,
Spain, Sweden, Switzerland, Austria, Belgium,
Netherlands, Russia and the Rest of Europe are
the major regions in Europe that contribute
massively to the market advancement.
EUROPEROBOTICLAWNMOWERMARKET
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• The robotic lawn mower has an accompanying
navigation system that helps the device to track
the area required to be mowed, cutting equipment
that is the main functional unit of the device,
carries out two-way interactions with the user, and
an efficient energy management system.
• The Asia Pacific robotic lawn mower market is
anticipated to grow at the most rapid pace during
the forecasting years of 2019-2027 with a CAGR of
17.79% and 17.22% in terms of value and volume
respectively.
• The market will capture $xx million by 2027. The
economies of China, India, Japan, South Korea,
Australia, and the remaining countries collectively
forming the Rest of Asia Pacific regional segment
majorly contribute in terms of revenue to the Asia
Pacific regional market.
ASIAPACIFICROBOTICLAWNMOWERMARKET
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MTD Products Inc., LG Electronics, Deere &
Company, Robert Bosch GmbH, Honda Motor Co.,
Ltd., Husqvarna Group, Hitachi, Ltd., the Kobi
Company, Stiga S.P.A., and Zucchetti Centro
Sistemi S.P.A. are the major companies
contributing to the market advancement, which
have been profiled in the report. These companies
are using organic and inorganic strategies for
growth. For instance, in 2018, Deere had launched
multiple models, namely, the John Deere 6080A,
6500A, and 6700A PrecisionCut fairway mowers.
Product launches can help any company to
penetrate further into the consumer base and
expand its reach.
COMPETITIVEINSIGHTS
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