Lawn Mower Market size was valued at US$ 35.31 Bn in 2023 and the total revenue is expected to grow at CAGR 5.52% through 2024 to 2030, reaching nearly US$ 51.44 Bn.
Anticipated Growth in Revenue:
The Lawn Mower Market, valued at $35.31 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 5.52%, reaching approximately $51.44 billion by 2030. This growth is driven by the rising demand for lawn and garden maintenance across various sectors including residential, commercial, and public facilities.
Lawn Mower Market Overview:
A lawn mower, commonly referred to as a grass cutter, is a machine with revolving blades used to trim grass to an even height. It finds applications in agriculture, gardening, landscaping, and horticulture. The growing popularity of lawn maintenance in golf courses, large parks, cricket grounds, and gardens significantly fuels the global demand for lawn mowers.
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Report Scope and Research Methodology
The report aims to present a comprehensive analysis of the Global Lawn Mower Market to industry stakeholders. It covers the market's past and present status while forecasting future market sizes and trends. The analysis involves examining key players, market segments, and regional markets. The research methodology includes PORTER and PESTEL analysis, which evaluate the potential impacts of various micro-economic and macro-economic factors. The study uses a blend of primary and secondary research, involving interviews with industry experts, extensive literature reviews, and data triangulation to ensure accuracy and reliability.
Market Dynamics
Drivers
Several factors are propelling the growth of the lawn mower market:
Rising Demand for Gardens and Lawns: There has been a significant increase in consumer interest in gardening and lawn activities such as landscaping, backyard beautification, and outdoor cookouts. This trend is bolstered by the growing popularity of sports like lawn tennis, croquet, cricket, football, hockey, and rugby.
Improved Social Lifestyles and Gardening as a Hobby: Improvements in social lifestyles and the adoption of gardening as a hobby have increased the demand for lawn mowers. According to the National Gardening Association, more than 90 million U.S. households engage in garden and lawn activities.
Maintenance of Public Facilities: The widespread use of lawn mowers for maintaining public spaces such as parks, schools, and sports fields also drives market growth.
Rising Awareness of Green Roofs: The benefits of green roofs, including better stormwater management, energy conservation, and carbon sequestration, have encouraged the adoption of lawn mowers.
Restraints
Despite the positive outlook, the market faces some challenges:
High Initial Costs: The initial investment required for advanced lawn mowers, especially robotic models, can be high, deterring some potential buyers.
Environmental Concerns: Non-electric mowers contribute to fuel emissions and global warming, leading to increased scrutiny and potential regulatory restrictions.
Market Segmentation
by Power Type
Electronic
Non-electronic
by Type
Ride-on Mowers
Push Mowers
Robotic Mowers
by End Use
Residential
Non-residential
Regional Insights
North America
North America held the largest market share of 39.2% in 2023, with a CAGR of 7.1% projected through the forecast period. The region benefits from technological advancements, high replacement rates due to digitization, advanced automation, and economic viability of machinery. Major players like Deere and Company and American Honda Motor Co. contribute significantly to the market.
Asia Pacific
The Asia Pacific region is expected to witness the highest CAGR of 8.28%. Rapid urbanization and a rise in residential and commercial construction activities are the primary growth drivers.
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Lawn Mower Market Key Players:
1. Andreas Stihl AG & Co. KG
2. Deere & Company
3. Hitachi Ltd.
4. Honda Motor Co., Ltd.,
5. Husqvarna Group
6. MTD Products
7. Robert Bosch GmbH
8. Stiga S.p.A
9. The Toro Company
10.Textron
11.Robomow Friendly House
12.AriensCo
13.Briggs & Stratton Corporation
14.Kubota Corporation
15.Intimidator Group
Key questions answered in the Lawn Mower Market report include:
- What is the current size and growth trajectory of the Lawn Mower market?
- What are the key factors driving the growth of the Lawn Mower market?
- What are the major challenges faced by the Lawn Mower market and how are they being addressed?
- What are the various types of Lawn Mower market available in the market and what are their respective market shares?
- Which regions are witnessing the highest demand for Lawn Mower market and what are the factors contributing to this demand?
- What are the key technological advancements shaping the future of Lawn Mower market?
- What is the outlook for the Lawn Mower market in the coming years and what factors are likely to influence its growth trajectory?
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