According to a new report, published by KBV research, The Global Robotic Lawn Mowers Market size is expected to reach $3.3 billion by 2030, rising at a market growth of 11.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,427.3 thousand units, experiencing a growth of 10.8% (2019-2022).
The Up to 20V segment is experiencing a CAGR of 12.2% during (2023 - 2030). The up to 20V segment caters primarily to residential users with smaller to medium-sized lawns. As more homeowners seek efficient and convenient lawn care solutions, robotic mowers in this voltage range become appealing. The ease of use and suitability for residential applications have driven the adoption of these models among homeowners looking for automated lawn maintenance. These factors will boost the demand in the segment.
The Residential segment is leading the Global Robotic Lawn Mowers Market, By End-use in 2022; thereby, achieving a market value of $2.5 billion by 2030. The primary appeal of robotic lawn mowers for residential users lies in their convenience and time savings. Homeowners, especially those with busy schedules, appreciate the hands-free operation of these devices. The ability to set schedules and let the robotic mower autonomously maintain the lawn allows users to reclaim valuable time for other activities. Therefore, the segment will grow rapidly in the upcoming years.
The Online segment is registering a CAGR of 13.2% during (2023 - 2030). Online platforms offer unparalleled convenience, allowing consumers to browse, compare, and purchase robotic lawn mowers from the comfort of their homes. Convenience persuades consumers to consider investing in smart lawn care solutions to access a vast array of products and information via the Internet. Major e-commerce platforms and specialized retailers are crucial in driving online sales of robotic lawn mowers. Platforms like Amazon, eBay, and dedicated online garden equipment retailers provide a centralized marketplace for consumers to explore various brands, models, and customer reviews. Owing to these factors, there will be increased demand in the segment.
The Europe market region the Global Robotic Lawn Mowers Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.1 billion by 2030. The Asia Pacific region is anticipating a CAGR of 12% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 11% during (2023 - 2030).
Full Report:https://www.kbvresearch.com/robotic-lawn-mowers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Deere & Company, Honda Motor Co. Ltd., Husqvarna Group, Robert Bosch GmbH., Hitachi, Ltd., The Toro Company, MTD Products, Inc. (Stanley Black & Decker, Inc.), LG Electronics, Inc. (LG Corporation), Stiga S.p.A, and Briggs & Stratton, LLC (KPS Capital Partners)
By Battery Capacity (Volume, Thousand Units, USD billion, 2019-2030)
By End-use (Volume, Thousand Units, USD billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD billion, 2019-2030)
By Geography (Volume, Thousand Units, USD billion, 2019-2030)
Companies Profiled
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