July 28, 2022
According to the research report titled ‘Global Lawn Mowers Market Size study, by Product (Manual, electric, petrol, robotics, others), by End-Use (Residential, commercial/Government) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global lawn mowers market is anticipated to register a healthy CAGR over 2022-2028.
As per report findings, growing number of upper middle-class people as well as improving social lifestyles of individuals, and rising cognizance about green roofs are the major growth determinants for global lawn mowers market.
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For the unversed, lawnmower is a device used to trim the garden's grass. It uses one or more rotating blades to maintain a uniform height on the grass surface.
However, scarcity of qualified professionals that can operate the equipment may hamper industry progress during the stipulated timeframe.
Based on product terrain, the market is divided into robotics, petrol, electric, manual, and others. In terms of end use, worldwide lawn mowers industry is split into commercial/government, and residential.
Regionally, the latest industry trends are studied across North America (Canada, U.S.), Asia Pacific (China, South Korea, India, Australia, Japan), Europe (U.K, France, Germany, Spain, Italy), and Latin America (Mexico, Brazil).
Out of these, North America industry accounts for a notable share at present, owing to presence of major participants and an established infrastructure in the region.
Whereas Asia Pacific market is expected to grow at a healthy CAGR over the stipulated timeframe, on the back of increasing urbanization, and rising construction activities in residential and commercial sector.
From the competitive point of view, Textron Inc., The Toro Company, Stiga Group, Robert Bosch GmbH, MTD Products, Husqvarna Group, Honda Motor Company Ltd., Hitachi Ltd., Deere & Company, and Andreas Stihl AG & Co. KG are the leading players in global lawn mowers market. These companies are consistently expanding their market penetration through the additions to their product portfolios, mergers and acquisitions, monetary investments, and strategic partnerships.