Global Robotic Lawn Mower Market

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), By Region - Industry Forecast 2024-2031


Report ID: SQSG20H2001 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 112 | Figures: 77

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.

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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).

The market is highly competitive, highly concentrated, and only a few major international competitors are present. Some of the key players are Deere & Company, American Honda Motor Co., Inc., Robert Bosch GmbH, STIGA S.p.A., Robomow Friendly House, and Husqvarna Group. 'Husqvarna Group ', 'Robert Bosch GmbH', 'Deere & Company', 'Honda Motor Co., Ltd.', 'The Toro Company', 'STIGA S.p.A.', 'Alamo Group Inc.', 'The Kobi Company', 'LG Electronics Inc.', 'Milagrow Business and Knowledge Solutions (P) Ltd.', 'Zucchetti Centro Sistemi S.p.A.', 'Robomow – Friendly Robotics', 'Honda Power Equipment', 'STIHL Holding AG & Co. KG', 'Yamabiko Corporation', 'Belrobotics', 'Hangzhou Favor Robot Technology Co., Ltd.', 'LG Chem Ltd.', 'Ningbo NGP Industry Co., Ltd.', 'Turflynx'

High customer influx towards smart and organic gardening

The prominent and established manufacturers operating within the markets are keen towards development of innovative products in diverse regions within the market. These companies are investing significantly in their R&D operations. The market for robotic lawn mowers is expected to increase at a respectable rate globally as a result of these technical developments. Numerous businesses operating in various locations are eager to enter the market after researching the various growth opportunities available in the global market. For instance, the Chinese start-up Segway-Ninebot is attempting to enter the market in 2021 with bright possibilities. The business is attempting to use its robust infrastructure for research and development to create and promote novel products. The business will also strategically progress in the market by utilising well-established retailing systems, giving it an advantage in supply chain management and allowing it to control market operations and international commerce.

Europe is expected to have a significant market share globally due to increased demand for automated tools, professional landscaping equipment, and robotic lawn mowers. In addition, the use of modern, silent, efficient, and battery-powered robotic lawn mowers by customers is expanding the potential for growth in Europe. These mowers are replacing traditional gasoline-powered manual lawn mowers. This growth is linked to rising interest in low-emission robotic lawnmowers that are energy-efficient, rising online retail sales, and rising demand for landscaping services to improve residential and commercial lawns.

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Global Robotic Lawn Mower Market

Report ID: SQSG20H2001

$5,300
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