Analysts at Beige Market Intelligence expect the global robotic lawnmower market to grow at a CAGR of more than 19% in terms of volume and at 17% in terms of revenue.
All of this information and more can be found in the recent report “Global Robotic Lawnmower Market – Strategic Assessment and Forecast 2017-2022.” This 141-page report considers the present scenario of the robotic lawnmower market and provides the market size, growth, trends, drivers challenges, key geographies and profiles the major and emerging vendors in the market.
Residential construction. The rise in construction of new residential properties will propel the demand for landscaping services, which, in turn, would boost the replacement of old lawnmowers, thereby boosting demand for robotic lawnmowers as they are being among the latest trends in the market. The demand for robotic lawnmowers will be fuelled by commercial segment where aesthetic appeal is an important area of consideration.
Robot adoption. The newest trend witnessed in the robotic lawnmowers market is increased adoption of smart robotic technologies among end-users across the world. Increased influence of the internet over end-users’ purchasing behaviour also has a major impact on robotic lawnmower sales.
Busier lifestyle. As it is difficult for some to take time out for lawn maintenance, end-users largely depend on robotic lawnmowers in assisting in home care. The sophisticated autonomy of these devices help end-users reduce the time consumed to perform the weekly mowing chores.
Aging population. A growing aging population is another major factor driving the growth of robotic lawnmower. These demographic wants more free time to spend as they wish, and sometimes find difficulty in performing more laborious household chores such as lawnmowing.
Increased promotion. Manufacturers are simply promoting robotic lawnmowers more which is leading to increased consumer awareness and product adoption.
Cost. One of the major challenges confronting the worldwide robotic lawnmower market is the high cost of a robotic lawnmower. This is because the purchase of robotic lawnmowers is purely dependent on the disposable income of end-users.
Synthetic turf. Increased adoption of artificial grass is hindering growth in all lawnmowing equipment, including robotic mowers.
The report includes the market analysis of robotic lawnmower market in different regions such as North America, Asia-Pacific (APAC), Europe and Rest of the World (RoW). The report outlines the major market share holder and the market size analysis of all the regions and provides the market size and forecast of key countries.
In 2016, Europe was the largest segment of the global robotic lawnmower market. It will continue to dominate the global robotic lawnmower market, and is likely to account for market shares of 54% and 56% in terms of revenue and volume, respectively, in 2022 owing to the rising popularity of robotic lawnmowers and a decline in per unit price of these devices.
The robotic lawnmower market will witness high demand in the U.S. region owing to facts that these mowers are eco-friendly and require minimum human intervention. The growing housing market in Canada is likely to boost the demand for robotic lawnmowers.
While Australia, New Zealand, China, South Korea, and Japan account for major usage of robotic lawnmowers, countries such as India, Vietnam, Thailand, and Indonesia are expected to witness increased demand due to improving quality of life in these countries during the forecast period. APAC could be looked upon as the largest potential market for robotic lawnmowers during the forecast period. However, lower gardening interest in this region owing to the lack of the tradition of lawn and garden care among consumers could restrain market growth.
As robotic lawnmowers present a lucrative market revenue growth potential, many vendors are expected to enter the market during the forecast period, which will make the market highly consolidated. This market research report profiles the major companies in the market and also provides the competitive landscape of key players. Within the report covers the entire market outlook regarding the value chain operating within the market.
The major players in the market include
- Friendly Robotic/Robomow (RELATED: How Robomow saw a 50% sales increase in 2015 – largely because strong demand in Europe is now being supplemented by growing product adoption in the United States. greenindustrypros.com/12173734
- Global Garden Products
- Husqvarna (RELATED: Husqvarna Launches Apple Watch App for Robotic Mowers. greenindustrypros.com/12189537
- Robert Bosch
- Zucchetti Centro Sistemi
Other prominent vendors in the market include AL-KO, Belrobotics,Deere & Co., E. ZICOM, Hangzhou Favor Robot Technology, Hitachi, Honda, Kobi, LG, Linea Tielle, Mamibot, Milagrow HumanTech, MTD Products, Positec Tool and Stihl.