According to a report by Future Market Insights (FMI), manufacturers of powered lawn mowers are positioned to capitalize on significant revenue growth, with a projected CAGR of 4.5% during the forecast period. The overall powered lawn mower market is expected to generate over USD 2,323.8 million in sales by 2033, an increase from USD 1,496.3 million in 2023.
The rise in powered lawn mower sales can be attributed to the growing interest in gardening and lawn care, along with an increased focus on maintaining lawns. To cater to diverse customer preferences, manufacturers are now offering a variety of options, including different cutting widths, adjustable heights, and various attachments.
Technological innovations have revolutionized lawn mower functionality, enabling more precise cutting, enhanced energy efficiency, and improved user convenience. Additionally, manufacturers are increasingly prioritizing sustainability and eco-friendliness in their equipment and machinery to support environmental initiatives.
Particularly notable is the growing demand for electric-powered lawn mowers, especially in emerging economies where environmental awareness is rising. Compared to traditional gas-powered models, electric-powered lawn mowers are quieter, produce fewer emissions, and require significantly less maintenance throughout their lifespan.
Key Takeaways from the Powered Lawn Mowers Market Study Report:
- The United States holds a dominant share of the global market, contributing 28.3% of the total revenue generated in 2022.
- In Europe, Germany is the leading manufacturer of Powered Lawn Mowers and held a global market share of 6.2% in 2022.
- The demand for Powered Lawn Mowers in the United Kingdom is anticipated to continue at 3.5% from 2023 to 2033.
- India is the emerging market for Powered Lawn Mowers and is anticipated to capture a CAGR of 5.7% through 2033.
Competitive Landscape for the Powered Lawn Mowers Market Players:
- American Lawn Mower, Unison Engg, Rank Engineering, Husqvarna, D&D Moto, Hayter, MEAN GREEN, CHP, GGP, and Hayter are some top players in this market. Additionally, new players are emerging and improving their positions in developed and emerging countries by growing their distribution networks. Forming strategic alliances with nearby dealers, online merchants, and home improvement businesses is a prominent strategy all players adopt.
- Manufacturers of Powered Lawn Mowers have been actively expanding their operations to take advantage of recent cutting-edge technology developments. They are integrating Internet of Things (IoT) connection, robotic automation, and superior material into their products to gain a competitive edge over their rivals. Moreover, producers are focusing on research and development to enhance the efficiency and robustness of lawn mowers to fulfill the changing demands of consumers.
Key Segments Profiled:
By Material Type:
- Steel
- Polymer
- Polypropylene
By Source of Power:
- Gas-Powered
- Electric-Powered
- Battery-Powered
By Cutting Systems:
- Reel Mowers
- Rotary lawn mowers
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- The Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/powered-lawn-mowers-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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