|Study Period:||2016 - 2026|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The Electric Lawn Mower Market is projected to register a CAGR of 6.1% over the forecast period (2021-2026). Due to COVID-19, there was a decrease in sales of Electric Lawn Mower as lockdown in different countries has affected the transportation systems adversely. Many production units were also closed due to a lack of labor force. However, the market is expected to gain momentum post-2021 with the opening of international borders and manufacturing units. The advancement of battery technology led to the launch of battery-powered lawn mowers, that are easy to operate and eco-friendly. Top vendors such as Husqvarna and MTD Products are expanding their product portfolio to attract the maximum number of consumers in the United States market. The growth of commercial real estate and landscaping is expected to drive the market for electric variants of lawnmowers. Government initiatives to promote sustainability will drive the demand for green roofs, thus accelerating the growth of electric lawnmowers. Various applications like golf courses, Large parks, and big lawns are fueling the development of the Electric Lawn Mower Market. North America is the largest regional market for electric lawn mowers while Europe is making significant progress towards robotic lawn mower as the mowers are light, eco-friendly and easy to operate.
Scope of the Report
For the purpose of this report, only the electric lawn mower market has been considered. The report covers an extensive study of segments and factors driving the growth of the commercial electric lawn mower market. An in-depth analysis of the futures market and trend was exclusively measured in this report. Factors driving region-wise analysis are also covered with great observations. The electric lawn mower market is segmented by product type (walk-behind electric lawn mowers, front and wide-area (sit and ride) electric lawn mowers, and stand-on electric lawn mowers), end user (residential, professional landscaping services, golf courses, other sports, and other end users), and geography (North America, Europe, Asia Pacific, South America, and Africa).
|Walk behind electric lawn mowers|
|Front and wide area (sit and ride) electric lawn mowers|
|Stand on- electric lawn mowers market|
|Professional Landscaping Services|
|Government & Others|
Key Market Trends
Rising Technological Innovations In The Industry
Electric ride-on electric mowers are majorly gaining popularity among end-users due to their declining costs and the introduction of low-cost models by vendors such as Ryobi in the market. Technological developments in the field of artificial intelligence have paved the way for more powerful equipment designing. The growing reliance on commercial-sector automation to reduce running costs has guided the development of the electric lawn mower segment. With the size of the gardens, comes the choice of the most appropriate lawnmowers. The small gardens demand mowers, which can be either electric corded or the hand push, whereas medium to larger gardens considers petrol-fueled cordless or battery-operated mowers. Various market participants are introducing new and updated technologies to lawnmowers with additional features such as increased blade size, requirement for less storage room, and variable speed technologies. For instance, in January 2019, iRobot announced the launch of a new robotic lawnmower, the terra Robot Mower which will have the latest mapping and navigation technologies.
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North America Dominates the Global Market
North America is the first largest market for electric lawn mower consumption in the world. The market demand in the region is led by the United States, followed by Canada. Demand in these countries is expected to be driven by technological advances, higher replacements in reference to digitization, advance, the automated, and the economic feasibility of machinery. In countries such as India and China, the adoption of electric lawn mowers for lawns will boost the market during the forecast period. Europe has the largest market share in robotic mowers as they are easy to operate,light-weight, and eco-friendly, driving the electric lawn mowers market.
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The electric lawn mower market is highly consolidated, with very few players cornering the majority of the market share. Product innovation like robotic lawn mowers, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market, globally. Along with innovations and expansions, investments in R&D and developing novel product portfolios are likely to be crucial strategies in the coming years.
In 2020, John Deere dealers Ben Burgess and Farol were planning to expand their businesses. Ben Burgess is planning to open a new outlet in central Rutland. Similarly, Farol is looking to establish a new outlet in Newark, focusing on servicing customers in the surrounding parts of Nottinghamshire, west Lincolnshire, and Leicestershire.
In 2018, Honda Motors recently redesigned HRX Lawn Mower, which delivers 10 times more power and premium performance.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Walk behind electric lawn mowers
5.1.2 Front and wide area (sit and ride) electric lawn mowers
5.1.3 Stand on- electric lawn mowers market
5.2.1 Residential End-Users
5.2.2 Professional Landscaping Services
5.2.3 Golf Courses
5.2.4 Government & Others
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
5.3.3 Asia Pacific
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.3.4 South America
220.127.116.11 Rest of South America
18.104.22.168 South Africa
22.214.171.124 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Deere & Co
6.3.2 Honda Power Equipment
6.3.4 MTD Products
6.3.7 The Toro Company
6.3.8 Cub cadet
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT ON IMPACT OF COVID-19
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Frequently Asked Questions
What is the study period of this market?
The Electric Lawn Mowers Market market is studied from 2016 - 2026.
What is the growth rate of Electric Lawn Mowers Market?
The Electric Lawn Mowers Market is growing at a CAGR of 6.1% over the next 5 years.
Which region has highest growth rate in Electric Lawn Mowers Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Electric Lawn Mowers Market?
North America holds highest share in 2020.
Who are the key players in Electric Lawn Mowers Market?
Deere & Company, The Toro Company, Bosch, STIGA, Honda Power Equipment are the major companies operating in Electric Lawn Mowers Market.