$53.71 Billion Lawn Mowers Market by Type, End User, and Fuel Type - Global Opportunity Analysis and Industry Forecast, 2021-2030 - ResearchAndMarkets.com

The "Lawn Mowers Market by Type, End User, and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global lawn mowers market size was valued at $26,248.5 million in 2020, and is projected to reach $53,715.1 million by 2030, registering a CAGR of 6.8% from 2021 to 2030.

Lawn mowers are machines that consist of rotating blades for trimming grass. Lawn mowers are typically powered by electric motors or internal combustion engines and are equipped with height adjustment components that enable the operator to trim grass as per requirement.

Lawn mowers are available in a wide range of sizes and cutting capacities in the market, thereby making it usable for mowing lawns of all sizes. The increased popularity of cordless lawn mowers extends the usability of electronic lawn mowers. Lawn mowers are essential for maintaining turf in gardens as well as sports facilities such as golf courses.

The rise in consumer interest in gardening activities has significantly increased the demand for lawn mowers from residential users. In addition, requirement of frequent lawn maintenance activities in luxury residential complexes, resorts, and amusement parks has fueled the demand for lawn mowers. However, surge in popularity of artificial turf is a major restraint in the growth of the market. Furthermore, development of remote control and GPS-integrated lawn mowers provide lucrative opportunities for the growth of the market.

The global lawn mowers market is segmented on the basis of type, end user, fuel type and region. By Type, the market is classified into ride-on mower, push mower, and robotic mower. By end user, it is categorized into residential, and non-residential. By fuel type, the market is classified into electronic and non-electronic. By Region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging lawn mowers market trends and dynamics
• Depending on type, the ride-on mowers dominated the lawn mower market, in terms of revenue in 2020 and the robotic mower segment is projected to grow at a significant CAGR during the forecast period
• By end user, residential segment registered highest revenue in 2020
• Asia-Pacific is projected to register highest growth rate in the coming years
• The key players within the lawn mowers market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the lawn mower industry
• The report provides an extensive analysis of the current trends and emerging opportunities of the market
• In-depth lawn mowers market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.

Competition Analysis

The major market participants profiled in this report include

• Andreas Stihl AG & Co KG
• Deere & Company
• Honda Motor Co, Ltd
• Husqvarna Group
• Koki Holdings Co
• Robert Bosch GmbH
• Stanley Black & Decker Inc
• Stiga SpA
• Textron
• The Toro Company

Market Dynamics

Drivers

• Rise in Consumer Interest in Gardening Activities
• Use of Lawn Mowers to Maintain Public Facilities
• Increase in Adoption of Cordless Lawn Mowers

Restraints

• High Adoption of Artificial Turf

Opportunity

• Emergence of Remote-Controlled and Gps-Equipped Products

Key Segments

By Type

• Ride-On Mower
• Push Mower
• Robotic Mower

By End User

• Residential
• Non-Residential

By Fuel

• Electronic
• Non-Electronic

By Region

• North America
• US
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

For more information about this report visit https://www.researchandmarkets.com/r/7shbkv

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524006008/en/