October 10, 2019 by Johnson Paul
According to a new market research report published by Credence Research “Robotic Lawn Mowers Market (Range – Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower and High-Range Robotic Lawn Mower; End User – Residential and Commercial; Sales Channel – Direct Retail and Online Retail) Market – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global market for robotic lawn mowers is expected to reach US$ 3.76 billion in 2026 and will grow at CAGR by 17.5 per cent during the forecast period from 2018 to 2026.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/robotic-lawn-mowers-market
The market for robotic lawn mowers is expected to reach US$ 3.76 billion in 2026, growing at a compounded annual growth rate (CAGR) of 17.5 per cent between 2018 and 2026. Growing urbanization has led to a surge in landscaping and land maintenance services. As a result of the increasing number of population shifts to urban cities, developing regions such as Asia Pacific, Middle East & Africa and Latin America have witnessed an increase in lawn maintenance services. This has had a positive impact on the demand for robotic lawn mowers. Moreover, in recent years, the commercial sector has seen an increasing dependence on automation in order to reduce operating costs in the long run. Nor has the residential sector been an exception, and there has been a high level of adoption of domestic robots for various household activities, such as lawn mowing and cleaning. In addition, an aging population is another important factor complementing the market growth of robotic lawn mowers. In order to address market competition and create growth opportunities for themselves, robotic lawn mower manufacturers are focusing on the introduction of new products with enhanced functionality. Technological advancements have made it possible for manufacturers to add new features to robotic lawn mowers.
However, increased adoption of artificial grass is one of the most important factors restricting the growth of robotic lawn mowers. In addition, the high cost of robotic lawn mowers could offset its demand during the forecast period.
In terms of geography, Europe represented the largest market for robotic lawn mowers in 2017. The region has witnessed a rise in the popularity of robotic lawn mowers in recent years. Declining per unit price of mowers is another prominent factor arising market growth in the region. Asia Pacific expected to emerge as the most lucrative market for robotic lawn mowers in coming years. As a result of improving quality of life, countries in the region such as Thailand, India, Indonesia and Vietnam among others are expected to witness increased adoption of robotic lawn mowers. Some of the important markets for robotic lawn mowers in Asia Pacific region includes South Korea, China, Australia, New Zealand and Japan among others.
Some of the major players operating in the robotic lawn mowers market include Robert Bosch GmbH, DEERE & COMPANY, Honda Motor Company, Ltd., Hitachi, Ltd., Zucchetti Centro Sistemi S.p.a., Husqvarna Group, LG Electronics, Inc., Stiga S.p.A., MTD Products, The Kobi Company, E. ZICOM, Milagrow HumanTech, Linea Tielle and Global Garden Products among others.
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59501
Report Scope by Segments
By Range (2016–2026; US$ Bn)
By End User (2016–2026; US$ Bn)
By Sales Channel (2016–2026; US$ Bn)
By Geography Segment (2016-2026; US$ Mn)
About Credence Research (Original Publisher)
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