Latest Research Report on Lawn Mowers Market begins with an extensive presentation and then investigates broad into specific segments such as raw material, application, end user, and region, policy study, value chain structure, and upcoming trends in particular segments or regions. The report on Lawn Mowers prepare a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
The global Lawn Mowers Market was valued at USD 25.09 billion in 2016 and is expected to continue growing at a 4.6% CAGR in the forecast period. A lawn mower operates on electricity as well as fuel energy leaving a high cost for maintenance. Features such as strength, durability, and being lightweight enable the brighter side of lawn mowers for better performance.
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Lawn mowers industry is driven by factors like rise in preference for gardening in urban areas and technological advances. Rise in aftermarket sales and service is likely to trigger the lawn mower market growth owing to yard and garden maintenance. In addition, growth in disposable income and consumers demand for grass turfs are likely to propel the market growth during the forecast period.
Product segmentation for lawn mowers industry includes petrol, manual, robotic, and electric. Robotic lawn mowers are gaining tremendous prominence in the market growth due to preferred use and environmental use. End-use segmentation for lawn mowers includes residential buildings, commercial sport complexes, and educational institutions. Commercial sport complexes are expected to gain a significant momentum due to rise of investment in sports and related activities.
Geographic segmentation for lawn mowers market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific’s market accounts for a higher share in lawn mowers industry owing to rise in disposable income, availability of large population and enormous demand for robotic lawn mowers.
North America accounted for a major share in 2016 owing to rise in consumer demand and preference for backyard gardening. Consumer lifestyle and home decoration techniques coupled with interior and exterior home decoration are gaining traction in this region. Europe is anticipated to follow the trend. The key players in the lawn mowers market include MTD Products Inc, Deere & Company, Robert Bosch GmbH, Global Garden Products Italy S.p.A.
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