According to FMI, the market for robotic lawn mowers is poised for remarkable expansion, with estimates indicating a surge from $821.76 million in 2022 to an impressive US$ 2,721.23 Million by 2032. The anticipated growth trajectory reflects a robust Compound Annual Growth Rate (CAGR) of 11.5% throughout the forecast period.
The global landscape of robotic lawn mowers is primed for accelerated advancement, primarily attributed to the escalating integration of robots driven by AI technology. Moreover, the substantial worldwide proliferation of smartphones has paved the way for the development of robotic lawn mowers that can be conveniently controlled through smartphones, catering to both individual and commercial users.
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Enhanced Efficiency Drives Surge in Robotic Lawn Mower Sales, Fueled by Technological Progress and AI Integration:
The steady march of technological innovation, coupled with the widespread integration of artificial intelligence, has ushered in a new era of heightened demand for robotic lawn mowers. This surge in demand can be attributed to the significant enhancements in their efficiency.
Anticipated growth in the robotic lawn mower market is further propelled by two pivotal factors: the escalating reliance on automation within the commercial domain to curtail operational expenses, and the rising adoption of domestic robots tailored for residential use. These factors collectively contribute to a favorable landscape for the expansion of the robotic lawn mower market throughout the projected timeframe.
Key Insights from Research on the Robotic Lawn Mower Market:
- North America Takes the Lead: The global robotic lawn mower market is currently being dominated by North America, fueled by a robust 12% Compound Annual Growth Rate (CAGR) projected until 2031. This growth can be attributed to the increasing adoption of cutting-edge robotic technology within the region.
- Europe’s Strong Standing: Europe secures the second spot in robotic lawn mower sales, with an anticipated growth rate of 11.7% CAGR in the upcoming years. Collectively, North America and Europe command a substantial 75% share of the total market.
- Emerging South Asian and Pacific Markets: The South Asian and Pacific regions are poised to showcase remarkable growth prospects, notably driven by expanding construction endeavors in China, Japan, and India.
- Exporting Powerhouses: Key exporters of robotic lawn mowers include the United States, Japan, and Germany, underlining their significant contribution to the global market. Additionally, Japan and South Korea collectively account for over 8% of the overall market share.
- Online Channels Elevating Sales: Sales channels are witnessing a strategic shift towards online platforms, with collaborations between online channels and e-retail giants like Amazon and Alibaba, aimed at bolstering margin growth.
Competitive Landscape
In order to cater rising demand, companies are entering to strategic collaborations. These partnerships also are intended at expanding portfolio and sharing expertise.
In 2019, Mean Green Products, LLC (Mean Green Mowers), a leading manufacturer of commercial electric mower collaborated with the Kobi Company which is a leading company of robotic solutions to establish safe, convenient, and cost –effective robotic lawn mowers.
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Key players profiled in the global robotic lawn mower market include:
- Husqvarna AB,
- MTD Products,
- STIGA S.p.A.,
- KYODO CO., LTD.,
- Robert Bosch GmbH,
- Deere & Company,
- NINGBO NGP INDUSTRY CO., LTD.,
Market Segmentation:
By Working Area:
- Small Area (up to 0.4 acres)
- Medium Area (0.4-0.8 acre)
- Large Area (above 0.8 acres)
By End Use:
- Residential
- Commercial
By Sales Channel:
- Offline
- Online
By Region:
- North America
- Latin America and the Middle East & Africa (LAMEA)
- Europe
- South East Asia & Pacific
Explore This Report From Different Publications:
Robotic Lawn Mower Market Size @ https://www.prnewswire.com/ae/news-releases/robotic-lawn-mower-sales-are-surging-at-11-5-cagr-amid-rising-demand-for-landscaping-services-future-market-insights-301362719.html
Robotic Lawn Mower Market Share @ https://www.digitaljournal.com/pr/robotic-lawn-mower-market-is-anticipated-to-progress-steadily-at-over-11-5-cagr
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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