As cited by the research report titled ‘Global Robotic Lawn Mower Market Size Study, by Lawn Size (Small Area (up to 0.4 acre), Medium Area (0.4-0.8 acre) and Large Area (above 0.8 acre)), by End-Use (Residential and Commercial), by Connectivity (with connectivity and without connectivity) and Regional Forecasts 2020-2027’, available with Market Study Report, global robotic lawn mower market was worth USD 600 million in 2019 and is projected to grow with a CAGR of 13.10% over 2020-2027 to be appraised at USD 1.61 billion by the end of study duration.
 

Emergence of smart towns across the globe is bolstering the demand for smart gardening gadgets, thereby augmenting the global robotic lawn mower market. Additionally, increasing disposable income of individuals, and awareness regarding greenery are generating lucrative prospects for the business scenario.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3793445/
 

For the record, robot lawn mowers are battery-powered and emission-free. They help in decreasing the electricity consumption and are in compliance with pollution & green power standards of smart cities.
 

However, high initial cost in comparison to traditional lawn mowers is a factor acting as a restraint for the worldwide robotic lawn mower market.
 

Based on end user, the industry is segmented into commercial, and residential. Speaking of lawn size, the marketplace is divided into large-sized lawn, medium-sized lawn, and small-sized lawn. Moving on to connectivity type, global robotic lawn mower market is classified into with connectivity, and without connectivity.
 

Geographically, Asia Pacific, Europe, North America, and Latin America are major revenue generators for worldwide robotic lawn mower industry. Of these, Europe is projected to be a major growth hub for the market over 2020-2027, owing to increasing number of people living in independently owned residences with preference for having lawns in their abodes.
 

Whereas, Asia Pacific market is poised to grow lucratively over the forecast period on the account of various benefits of robotic lawn mowers in comparison to traditional lawn mowers.
 

Key players in worldwide robotic lawn mower industry include MTD Products, AL-KO Kober, Stiga S.p.A., The Yamabiko Corporation, The Toro Company, Husqvarna Group, The Honda Motor Company Ltd., Stihl Holding AG & Company KG, Robert Bosch GmbH, and Deere & Company.