DUBLIN–(BUSINESS WIRE)–The “Robotic Lawn Mower Market – Comprehensive Studies & Strategic Assessment 2024-2029” report has been added to ResearchAndMarkets.com’s offering.
The global robotic lawn mower market is expecting to flourish with a CAGR of 11.35% during the forecast period. As of 2023, the market valuation stands at USD 2.27
Landscaping and aesthetic appeal are becoming increasingly important to residential and commercial properties across the U.S., propelling the demand for robotic lawn mowers. The foresight in designing new green areas and refurbishing existing spaces leans towards a preference for innovative lawn care solutions, thus supporting the anticipated market growth. Operational cost efficiency is highlighted as a significant factor influencing market dynamics. Robotic lawn mowers present a more cost-effective approach to lawn maintenance compared to their gasoline- and diesel-based alternatives. Reduced maintenance requirements and the long-term benefits of lower electricity costs contribute to the greater adoption of these automated systems.
Strategic Insights into Market Segments
- The non-smart technology segment has the lion’s share in the current market, attributed to its prevalence in populous developing countries.
- However, smart robotic lawn mowers are gaining traction in regions such as Europe and North America that are receptive to advanced, tech-enabled products.
Segmentation by End-User
The residential sector is a substantial end-user in the robotic lawn mower market. Homeowners are opting for autonomous solutions to upkeep their lawns, leveraging smart features for an enhanced user experience. The rise in outdoor residential activities such as garden parties further fuels the demand for such innovations.
Geographical Market Dynamics
Europe stands as the dominant player in the global market, with a thorough integration of robotic technology in various sectors. North America follows, where organizations are increasingly replacing manual labor with technological alternatives to optimize productivity and curb labor costs. The competitive landscape is characterized by both local and international players. The market is experiencing intense competition, with companies continuously innovating to stay relevant. Key global players include Honda Power Equipment, Husqvarna Group, and STIGA S.p.A., amongst others.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 755 |
| Forecast Period | 2023 – 2029 |
| Estimated Market Value in 2023 | 3.88 Million Units |
| Forecasted Market Value by 2029 | 6.97 Million Units |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Honda Power Equipment
- Husqvarna Group
- STIGA S.p.A.
- Stanley Black & Decker
- Robert Bosch
- Zucchetti Centro Sistemi (ZCS)
- Briggs & Stratton
- STIHL
- Deere & Company
- Future GenRobots
- Greenworks Tools
- Hitachi
- Hangzhou Favor Robot Technology
- iRobot
- Kärcher
- Lineatielle
- LG
- Mamibot
- POSITEC Group
- The Kobi Company
- The Toro Company
- Ningbo NGP Industry Co., Ltd.
- SUMEC Hardware & Tools Co., Ltd
- WIPER
- Yamabiko
- Zhejiang Tianchen Intelligence & Technology Co., Ltd
- Zipper Maschinen
- E.Zicom
- Volta
- Milagrow HumanTech
For more information about this report visit https://www.researchandmarkets.com/r/ren6mq
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