The robotic lawn mower market is anticipated to grow at a rapid CAGR of 11.5% and reach a value of US$ 2 Billion by the end of the forecast period, according to a recent market report by FMI (2021 to 2031).
Increased sales of robotic lawn mowers have been made possible by technological developments and the increasing use of artificial intelligence, as these devices are now considerably more effective.
Rising dependency on automation in the commercial sector to decrease operating costs and increasing adoption of domestic robots for residential applications are major factors estimated to drive the growth of the robotic lawn mower market during the forecast period.
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Key Takeaways of Robotic Lawn Mower Market Study
According to segmentation study, sales of robotic lawn mowers are anticipated to remain focused in the residential market; however, sales in the commercial market are anticipated to expand significantly over the next few years.
Global e-Commerce expansion solidly supports manufacturers’ plans to sell their robotic lawn mowers through online channels and retail partners like Amazon, e-bay, Alibaba, The Home Depot, etc.
Demand in the Europe-based consumer market has grown rapidly in recent years, and still shows a substantial growth opportunity, as the robotic lawn mower market in the region is far from saturation.
GPS and Bluetooth-enabled robotic lawn mowers and wireless mobile devices are potential investment options for manufacturers. Multiple voice interaction is also being provided in upcoming connected robotic lawn mowers.
“There is significant potential in the long-run as far as robotic lawn mowers are concerned for lawns in commercial areas, sports fields, hotels, and parks. Thus, companies in the market are positioning themselves to enter the professional/commercial market where requirements for technology and reliability are even higher
Robotic Lawn Mower Market : Competitive Landscape
The global robotic lawn mower market is significantly consolidated, with a few players holding a prominent share of nearly 50% in the market space.
Some of the key players operating in the global robotic lawn mower market are Husqvarna AB, MTD Products, STIGA S.p.A., KYODO CO., LTD., and Robert Bosch GmbH, among others.
Moreover, to win over market imponderables and shakeouts, manufacturers such as Husqvarna, MTD, and Honda are expanding their geographic reach to South East Asia & Pacific.
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Find More Valuable Insights on Robotic Lawn Mower Market
FMI, in its new research report, offers an unbiased analysis of the global robotic lawn mower market, presenting forecast statistics for the period of 2021-2031.
The report reveals insights on the robotic lawn mower market, and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the robotic lawn mower market value chain.
Readers can also find key trends and market growth scenarios based on working area, end use, sales channel, and regions such as North America, LAMEA, South East Asia & Pacific, and Europe.
Robotic Lawn Mower Market Taxonomy
The global robotic lawn mower market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Working Area
- Small Area (up to 0.4 acre)
- Medium Area (0.4-0.8 acre)
- Large Area (above 0.8 acre)
End Use
- Residential
- Commercial
Sales Channel
- Offline
- Online
Region
- North America
- Latin America and the Middle East & Africa (LAMEA)
- Europe
- South East Asia & Pacific
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