The global Robotic Lawn Mowers Market size is expected to reach USD 1,400.62 million by 2025, registering a CAGR of 21.9% from 2019 to 2025 according to a study conducted by Grand View Research, Inc. Factors such as the introduction of energy-efficient gardening equipment, rising popularity of green roofs, rising adoption of gardening as a hobby, and rising disposable incomes are expected to drive the growth of the market over the forecast period.
The
rapid expansion of the residential construction sector in several countries
globally is expected to spur the demand for landscaping services, which, in
turn, is expected to propel the sales of robotic lawn mowers over the forecast
period. Additionally, the popularity of well-kept yards and backyard
beautification activities is on a rise, predominantly in developed economies,
and people are spending increased funds on making their lawns aesthetically
appealing. To enhance the look, appearance, and maintenance of yards, robotic
lawn mowers offer great aid and convenience. These factors are likely to drive
market growth over the next few years
Furthermore,
factors such as strong GDP growth, along with a notable rise in disposable
incomes across developing economies, are positively affecting market growth by
allowing increased investment into farmhouses and bungalows with sizeable lawn
areas, a trend expected to trigger market demand. However, the increasing
popularity of artificial turf or grass is expected to serve as a major threat
to the global demand for robotic lawn mowers. Artificial grass does not require
mowing, watering, or fertilizing like natural grass. The convenience and
low-cost associated with artificial grass are compelling its increased adoption
across residential as well as commercial spaces, thereby hindering the market
growth.
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Further key findings from the study suggest:
- Based on
battery type, 20V to 30V segment accounted for the largest market share in
2018. The segment is expected to remain the dominant segment over the
forecast period as well
- The
residential segment is expected to emerge as the largest segment of the
market by the end of the forecast period. This can be attributed to the
rapid expansion of the residential construction sector, especially across
developing economies
- An upsurge
in the demand for landscaping services and the popularity of gardening as
a hobby in several countries is projected to spur the demand for a variety
of robotic lawn mowers over the forecast period
- Europe held
a significant share of around 30% in 2018 and is anticipated to register a
CAGR of more than 20% over the forecast period. The European market is
also likely to remain the dominant market over the forecast period
- Technological
advancements and rapid adoption in various countries such as Germany,
France, and Switzerland, combined with the introduction of low-cost
products, are opening up new growth opportunities in the European market
- The vendor
landscape of the robotic lawn mowers market is highly consolidated and
characterized by a high level of competition with the presence of players
such as Husqvarna Group, Deere & Company, American Honda Motor Co.,
Inc., and Robert Bosch GmbH.
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