Global Lawn Mowers Market

Lawn Mower Market Size, Share, Growth Analysis, By Product(Manual, Electric, Petrol, Robotic), By End-Use(Residential, and Commercial/Government), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25J2042 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

Lawn Mower Market News

  • In Jan 2022, Intimidator Group, a privately held corporation, was acquired by The Toro corporation. The company sought to bolster its position in the industry by including Spartan Mowers from Intimidator Group into its product line.
  • In May 2021, Germany-based AS-Motor was purchased by AriensCo. By combining its European sales and marketing infrastructure, the firm hoped to leverage AS-Motor's strengths and incorporate them into its portfolio in order to fulfill growing client demands.
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Lawn Mowers Market size was valued at USD 29.42 billion in 2021 and is poised to grow from USD 31.18 billion in 2022 to USD 48.59 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).

Some of the immediate barriers for OEMs are persistent shortages of semiconductors, the rise in the cost of raw materials like steel and aluminum, supply and logistical delays, and rising transportation costs while keeping up with the intensifying competition. Going forward, practically all OEMs in the industry will be looking for ways to incorporate automation into their line of products. Demand for automation products is expected to increase as consumer preference for convenience and usability rises. As part of their growth plan, vendors will concentrate on developing products and new launch initiatives. 'Husqvarna Group', 'Deere & Company', 'MTD Products Inc.', 'Toro Company', 'Briggs & Stratton Corporation', 'Honda Motor Co., Ltd.', 'STIHL Holding AG & Co. KG', 'The Scotts Company LLC (John Deere)', 'Ariens Company', 'Kubota Corporation', 'Makita Corporation', 'The Flymo (Electrolux Group)', 'Black+Decker (Stanley Black & Decker)', 'The Al-Ko Kober Group', 'Greenworks Tools', 'EGO Power+', 'Craftsman (Stanley Black & Decker)', 'Snapper Inc. (Briggs & Stratton)', 'Yard Machines (MTD Products Inc.)', 'WORX (Positec Tool Corporation)'

The increasing trend of landscaping and lawn maintenance in residential, commercial, and industrial sectors is driving the demand for lawn mowers. The desire for well-maintained lawns and outdoor spaces is propelling the market growth.

Growing Demand for Electric and Battery-Powered Mowers: There has been a shift towards electric and battery-powered lawn mowers due to their lower emissions, reduced noise levels, and ease of use. This trend is driven by increasing environmental awareness and the availability of advanced battery technology.

North America dominated the lawn mower market, accounting for the biggest share of revenue (35.03%) in 2022. In developed regions like those in North America and Europe, demand is great. With a combined market share of 60% in 2021, these regional markets continued to hold the top positions. Smaller homes and smaller gardens are a result of the recent rapid urbanization of Western Europe. This tendency may pose a severe danger to the regional acceptance of lawn mowers. The development and maintenance of lawns in commercial facilities, however, would provide some respite from the generally slow business growth for lawn mowers.

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Global Lawn Mowers Market

Report ID: SQMIG25J2042

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