Product ID: UCMIG25J2050
Report ID:
UCMIG25J2050 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global market for lawn mowers was valued at approximately USD 31.18 billion, and it is projected to experience a compound annual growth rate (CAGR) of 6.0% from 2023 to 2030. The COVID-19 pandemic, which occurred in 2020, caused a temporary setback in market expansion due to disruptions in the supply chain. Nonetheless, over the forecast period, market growth is expected to be relatively moderate, driven in part by increased consumer interest in home gardening activities. Beyond the supply chain challenges, economic uncertainty resulted in a temporary decrease in consumer spending and, consequently, demand in 2020.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Leisure Products by segment aggregation, the contribution of the Leisure Products in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG25J2050