GLOBAL ROBOTIC LAWN MOWER MARKET FORECAST 2019-2027
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GLOBAL ROBOTIC LAWN MOWER MARKET FORECAST 2019-2027
MARKET OVERVIEW • A smart robotic lawn mower is characterized by intelligent visual navigation and its ability to integrate with the internet and control through a smartphone application. •
It is fitted with a navigation system that enables the device to track the area required to be mowed, cutting equipment that is the main functional unit of the device, two-way interactions with the user, and an efficient energy management system.
• The global robotic lawn mower market segments include technology and end-user. The raw materials constitute the single largest cost component in the robotic lawn mower market. • So fluctuations in their prices can severely impact the market growth for the robotic lawn mowers. But, increased penetration of internet services, improved economy, and upgrading of purchase and delivery options with the emergence of m-commerce can pave the way for better access to the variety of options the marker provides to its customer base across the world.
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KEY FINDINGS
• The global robotic lawn mower market is expected to proliferate at a CAGR of 11.07% and 12.78% in terms of value and volume respectively during the forecast period 2019-2027, as per the market analysis carried out by Inkwood Research. • The elimination of safety hazards related to traditional lawn mowers and the reduction of time spent on household activities are mainly responsible for the market growth. • The robotic lawn mowers market is increasingly getting commoditized with many low-cost models being introduced in the market regularly in each year. Therefore, vendors are focusing on futuristic products.
INTRODUCTION Global by Robotic Lawn Mower market by Range Covered, by End user & by Geography.
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NORTH AMERICA ROBOTIC LAWN MOWER MARKET • The global robotic lawn mower market is expected to proliferate at a CAGR of 11.07% and 12.78% in terms of value and volume respectively during the forecast period 2019-2027, as per the market analysis carried out by Inkwood Research. • The elimination of safety hazards related to traditional lawn mowers and the reduction of time spent on household activities are mainly responsible for the market growth. • The US market holds the maximum share in the sale and distribution of diabetes drugs.
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EUROPE ROBOTIC LAWN MOWER MARKET • A robotic lawn mower is a service robot that is an intelligent machine and can perform a variety of complex and simple tasks that might be timeconsuming or repetitive. • They are mainly employed to mow lawns, yards, gardens, parks, golf courses and other commercial properties. • The Europe robotic lawn mower market is expected to escalate at a CAGR of 8.84% in terms of value and 10.91% in terms of volume respectively.
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• The United Kingdom, France, Germany, Italy, Spain, Sweden, Switzerland, Austria, Belgium, Netherlands, Russia and the Rest of Europe are the major regions in Europe that contribute massively to the market advancement.
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ASIA PACIFIC ROBOTIC LAWN MOWER MARKET • The robotic lawn mower has an accompanying navigation system that helps the device to track the area required to be mowed, cutting equipment that is the main functional unit of the device, carries out two-way interactions with the user, and an efficient energy management system. • The Asia Pacific robotic lawn mower market is anticipated to grow at the most rapid pace during the forecasting years of 2019-2027 with a CAGR of 17.79% and 17.22% in terms of value and volume respectively.
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• The market will capture $xx million by 2027. The economies of China, India, Japan, South Korea, Australia, and the remaining countries collectively forming the Rest of Asia Pacific regional segment majorly contribute in terms of revenue to the Asia Pacific regional market.
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COMPETITIVE INSIGHTS MTD Products Inc., LG Electronics, Deere & Company, Robert Bosch GmbH, Honda Motor Co., Ltd., Husqvarna Group, Hitachi, Ltd., the Kobi Company, Stiga S.P.A., and Zucchetti Centro Sistemi S.P.A. are the major companies contributing to the market advancement, which have been profiled in the report. These companies are using organic and inorganic strategies for growth. For instance, in 2018, Deere had launched multiple models, namely, the John Deere 6080A, 6500A, and 6700A PrecisionCut fairway mowers. Product launches can help any company to penetrate further into the consumer base and expand its reach.
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ABOUT US Inkwood Research specializes in syndicated research reports, customized research reports and consulting services. We offer market intelligence studies across a range of industries including Technology, Chemicals, Materials, Healthcare and Energy. With 20 years of research experience, we ensure you efficient deliverables with global and country industry knowledge and research expertise. Our analysis covers North & South America, Europe, CEE, CIS, Middle East, Africa and Asia.
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