Robotic Lawn Mowers Market Size Worth $1,400.62 Million by 2025

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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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com