Product ID: SQSG20H2001
Global Robotic Lawn Mower Market Size, Share, Growth Analysis, By Battery Type(Less than 20V, 20V to 30V), By Propulsion Type(ICE & Electric), By End Use(Residential, Commercial), By Sales Channel(Retail Store/Offline, Online Websites) - Industry Forecast 2024-2031
Report ID:
SQSG20H2001 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
112 |
Figures:
77
Global Robotic Lawn Mower Market Insights
Global Robotic Lawn Mower Market size was valued at USD 1.49 billion in 2019 and is poised to grow from USD 1.72 billion in 2023 to USD 5.45 billion by 2031, growing at a CAGR of 15.5% in the forecast period (2024-2031).
Robotics and artificial intelligence technology are advancing at an exponential rate, which has resulted in the development of more efficient home appliances and a decline in human intervention. The sales of appliances that improve aesthetics and user experience have increased as people's economic levels have improved throughout the world. Production of autonomous devices has been pushed, particularly in the domestic household segment, due to the rise in automation processes in the commercial sector. The development of this market is expected to be driven by features like low-noise operation, sensors, self-charging, and durability. The use of technology like machine learning (ML) and the internet of things (IoT) will help lawn mowers learn about obstacles, while sensors will work on acceleration and orientation for better performance. For example, Bosch utilizes both ML and AI in its lawn mowers to identify impediments.
The global robotic lawn mower market is expanding as a result of increasing reliance on automation in the commercial sector to cut operating costs and the rising acceptance of home robots for various household tasks like cleaning, lawn mowing, and many others. Demand for a variety of gardening tools is also being driven by an increase in spending on activities like landscaping, backyard improvement, cookouts, and garden parties, as well as the need to reduce time spent on lawn maintenance activities. Other factors that influence the market include the expanding building and tourist sectors as well as rising disposable income levels of people worldwide.
US Robotic Lawn Mower Market is poised to grow at a sustainable CAGR for the next forcast year.
Global Robotic Lawn Mower Market Report Snapshots
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