Global Robotic Lawn Mower Market Set to Exceed US$ 2,721.23 Million by 2032, Driven by an Anticipated 11.5% CAGR
The global robotic lawn mower market is projected to experience a substantial surge from its 2022 valuation of US$ 821.76 million to an impressive US$ 2,721.23 million by 2032. This growth trajectory anticipates sustained exceptional growth, supported by a noteworthy Compound Annual Growth Rate (CAGR) of 11.5% throughout the forecast period.
The driving force behind the accelerated development in the global robotic lawn mower market can primarily be attributed to the increasing integration of robots, propelled by advancements in Artificial Intelligence (AI) technology. Furthermore, the widespread adoption of smartphones on a global scale has played a pivotal role in the evolution of robotic lawn mowers, offering seamless control through smartphone applications, effectively catering to both personal and commercial landscaping requirements. These insights, provided by Future Market Insights, shed light on the key dynamics shaping the future trajectory of this burgeoning market.
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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 Includes:
- 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
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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