Qyr predicts that the global lawn mowers market to reach usd 25 6 million by 2022

QYR Predicts that the Global Lawn Mowers Market to Reach USD 25.6 Million by 2022 qyresearch.com

QYResearch focus on Market Survey and Research

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QYResearch

Analyst

Chen Yang Publisher

QYR Research Center

QYResearch focus on Market Survey and Research

QYResearch The global lawn mowers market size was valued at USD 15.6 billion in 2016. The growing convenience owing to the availability of technically advanced gardening products is expected to propel the adoption of gardening as a hobby. Remote-controlled and GPSequipped lawn care tools have further made gardening easier. Owing to the aforementioned reasons, gardening is gaining momentum, which is projected to spur the product demand in the near future.

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QYResearch The global demand for lawn mowers is anticipated to grow owing to rising applications across the residential and commercial/government sectors.

Furthermore, the increasing adoption of robotic equipment across numerous residential projects globally is also anticipated to play a key role in driving the demand for these products over the next eight years.

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QYResearch The residential sector is expected to emerge as the largest end-use segment. One of the primary reasons driving growth is the rapid development and investments, which are being carried out in the construction sector around the world. An upsurge in the demand for landscaping services in the U.S. coupled with a rise in the residential development in Asia Pacific is projected to spur the demand for lawn mowers over the forecast period.

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QYResearch The increasing need to maintain government facilities, such as public parks, roadside areas, churches, and schools, makes it important to adopt garden care equipment for the maintenance of gardens. Moreover, sports fields, cricket grounds, spaces for table tennis, and golf courses require constant care, which is fulfilled with the help of these gardening tools.

North America held the largest market share in 2016. However, Asia Pacific is projected to exhibit the highest growth over the forecast period. Growing urbanization in this region has led to a rise in housing activity, which is expected to spur garden care products. Upcoming events such as Olympics 2020 in Asia necessitate the enhancement of an aesthetic appeal.

This subsequently triggers the usage of these products as an efficient gardening tool.

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QYResearch Furthermore, the backyard beautification trend is on the rise in North America, and hence, it is expected to drive the adoption of lawn care equipment. Moreover, the increasing usage of robotic products for gardening in Europe is anticipated to increase the overall revenue generated from mower sales. Furthermore, the increasing popularity of landscaping services to enhance residential and commercial spaces is a key factor spurring the growth of the lawn mowers market.

It is increasingly found that a busier lifestyle in developed regions makes it difficult for people to find the time to tend to their gardens. In such situations, robotic tools assist in the maintenance of residential gardens. The autonomy of these technologically advanced devices aid end users in reducing the time consumed to undertake weekly mowing chores.

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QYResearch The market is competitive owing to the presence of several dominant players such as Deere & Company, MTD Products Inc., American Honda Motor Co., Inc. (Honda Power Equipment), Robert Bosch GmbH, Global Garden Products Italy S.p.A., Husqvarna Group, among others.

The competitive environment of the lawn mowers industry is anticipated to intensify further, owing to an expansion in product and service offerings, mergers & acquisitions, and growing technological innovations.

QYResearch focus on Market Survey and Research