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/EIN News/ -- Dublin, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Data Bridge Market Research completed a qualitative study titled "Robotic Lawn Mower Market" with 100+ market data tables, pie charts, graphs, and figures spread across Pages and an easy-to-grasp full analysis. To formulate an all-inclusive Robotic Lawn Mower market report, a detailed market analysis has been performed with inputs from industry experts. In this era of globalization, the whole world is the marketplace and hence businesses seek to adopt a global market research report. This market research report is very crucial in several ways for business growth and thriving in the market. This market research report assists businesses with intelligent decision-making and better managing the marketing of goods which ultimately leads to growth in the business. A wide-ranging Robotic Lawn Mower market document helps to identify trends in consumer and supply chain dynamics and accordingly interpret marketing, promotional, and sales strategies for business growth and the utmost success.
Data Bridge Market Research analyses that the robotic lawn mower market was valued at USD 906.80 million in 2022 and is expected to reach the value of USD 2376.75 million by 2030, at a CAGR of 12.80% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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A robotic lawn mower is an autonomous robot that is used to cut lawn grass. A robotic lawn mower needs the user to set up a border wire around the lawn describing the mowed area. The robotic lawn mower is used to detect the boundary of the area to be cut and locate a recharging dock in some situations. Robotic mowers can maintain up to 30,000 m2 (320,000 sq ft) of grass.
Increasing expenditure on activities such as backyard beautification, backyard cookouts, landscaping, and garden parties, along with the necessity to spend time on lawn maintenance activities, are some of the major factor which increases the demand for a variety of gardening tools such as robotic lawn mower. As per the report of an industrial research company, 62% of the $8.5 billion spent by Americans on garden equipment and power lawn in the US and the total of $3.15 billion, or 37%, went into new lawn mowers.
Recent Development
The Robotic Lawn Mower Market is Dominated by Firms Such as:
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A comprehensive analysis will be provided covering the following points in the report:
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global Robotic Lawn Mower market over the period. Further, the Growth Matrix given in the report brings an insight into the investment areas that existing or new market players can consider.
Opportunities
The robotic lawn mower industry is expected to grow during the forecast period because of increasing usage of autonomous machines in domestic tasks such as cleaning and mowing the lawn. Incorporating technology such as the machine learning (ML) and internet of things (IoT) is expected to aid lawn mowers learn about obstacles, although sensors will work on direction and acceleration for greater performance. For instance, Bosch incorporates both machine learning (ML) and the internet of things (IoT) into its lawn mowers to detect obstacles.
Major market players are investing heavily in research and development activities to increase the robotic lawnmower's features. The major players are integrating ledge sensors and additional features such as smart navigation, self-emptying and laser vision, lawn mapping into their products to increase their efficiency and performance. The market will benefit from the augmented availability of more effective robotic lawnmowers in the upcoming period.
Key Market Segments Covered in Robotic Lawn Mower Industry Research:
Range
Battery Capacity
Distribution Channel
End-User
Connectivity
Lawn Covered
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Key Benefits:
Global Robotic Lawn Mower Market Dynamics:
The increasing consumer interest for using organic products in gardening and the following focus on using smart power tools to encourage the smart gardening practices may support the sales of the robotic lawn mowers globally. For instance, according to published data of GfK SE, the robotic lawn mower can be maneuvered and managed by using smartphones was anticipated to reach about 50% in 2016. Furthermore, strong performance of the major market players in the established countries within Europe and North America offers a spurring prospects and apparent growth of automated products sales such as robotic lawn mower which will also boost the growth of the market.
The growing fast and busy lifestyle of people all over the globe owing to urbanization has augmented the demand for the autonomous machinery/systems such as robotic lawn mower to help people in everyday work. Moreover, increased spending on backyard cookouts, backyard beautification, and garden parties, as well as the desire to save time spent on lawn maintenance activities in residential area are some of the major factor which is expected to drive the growth rate of the market.
Robotic Lawn Mower Market Regional Analysis/Insights:
The countries covered in the robotic lawn mower market report are report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the robotic lawn mower market in revenue growth. This is mainly due to the high adoption of robotic lawn mowers. The robotic lawn mowers have become a consumer durable product since this region has large number of public parks and lifestyle communities.
Asia-Pacific is projected to be the fastest developing region during the forecast period of 2023-2030 due to rapid urbanisation and constructional activities. The rapid pace of urbanization has led to a huge increase in commercial and residential construction activities, which is likely to spur sales of a variety of lawn and gardening maintenance tools.
Table of Contents:
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