The lawn mower global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Lawn Mower Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The lawn mower market size has grown strongly in recent years. It will grow from $25.69 billion in 2023 to $27.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to suburbanization and housing developments, growing homeownership rates, rise in disposable income, environmental concerns, government initiatives for green spaces, landscaping services industry growth, marketing and branding strategies, rural and agricultural use.
The lawn mower market size is expected to see strong growth in the next few years. It will grow to $37.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rise in urbanization, focus on sustainable lawn maintenance, e-commerce growth, consumer shift towards electric models, landscaping as a service, climate change awareness, regulations on gasoline-powered equipment, smart home integration. Major trends in the forecast period include robotic lawn mowers, battery-powered mowers, smart lawn care technology, green roofs and sustainable landscaping, compact and lightweight models, customization options, lithium-ion battery technology, online sales and e-commerce platform.
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Scope Of Lawn Mower Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Lawn Mower Market Overview
Market Drivers –
The rise in consumer interest in gardening activities will drive the growth of the lawn mower market going forward. Gardening refers to the practice of growing and cultivating plants in the devoted plot of ground as part of horticulture which includes flowers, herbs, or vegetables. In gardening activities, lawn mowers are commonly used for chopping, trimming, or mowing grass patches from lawns and gardens to ensure that the grass is well-groomed and grown at the appropriate height. The demand for lawn mowers will increase in response to the rise in consumer interest in gardening activities. For instance, according to a study on gardening statistics in the United States (2021) conducted by the National Gardening Association, a US-based plant-based educator, the COVID pandemic added 18.3 million new gardeners with a 65% increase in millennial gardeners and a 44% increase in Generation Z gardeners. It is also found that during the COVID pandemic, 2 of 3 gardeners tried a new gardening activity. In addition, in May 2022, according to the Gardening Statistics by Garden Pals, a US-based community of plant parents, and nature lovers, approximately $48 billion are spent on lawn and gardening equipment each year by American adults. Therefore, the rise in consumer interest in gardening activities is expected to propel the growth of the lawn mower market in the coming years.
Market Trends –
Technological advancement is a key trend gaining popularity in the lawn mower market. Major companies operating in the market are focused on research and development to introduce technologically advanced products such as lawnmowers with navigation solutions for outdoor mowing and gain a competitive edge in the market. For instance, in May 2022, The Toro Company, a US-based company operating in designing and manufacturing lawn mowers, snow blowers, and irrigation systems for commercial and residential uses, introduced an autonomous mower with in-built GeoLink Solutions technology for detection capability using a map to ensure avoidance of obstacles while mowing. The autonomous mower can operate in conditions with poor visibility on perfectly straight lines. Additionally, it achieves more efficiency by utilizing the entire width of the mower and reducing the overlap. It provides automated care for the lawn by cutting the smallest amount of grass every day with owner-selected height.
The lawn mower market covered in this report is segmented –
1) By Type: Riding Lawn Mowers, Walk-Behind Lawn Mowers, Robotic Or Autonomous Lawn Mowers
2) By Propulsion Type: Electric Lawn Mowers, Internal Combustion Engine (ICE) Lawn Mowers
3) By Lawn Size: Small, Medium, Large
4) By Distribution Channel: Online Distribution Channel, Retail Distribution Channel
5) By End-User: Residential, Commercial
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Regional Insights –
North America was the largest region in the lawn mower market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lawn mower market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the lawn mower market report are Honda Motor Company Limited, Ariens Company Inc., Briggs & Stratton Corporation, Deere & Company, Husqvarna AB, MTD Products Incorporated, Robert Bosch GmbH, Robomow North America Inc., The Toro Company, Andreas Stihl AG & Co. KG, Stiga SpA, Koki Holdings Co. Ltd., Kubota Corporation, Textron Specialized Vehicles Inc., Craftsman Tools Inc., The Yamabiko Corporation, Greenworks Tools Inc., American Lawn Mower Company, iRobot Corporation, Zucchetti Centro Sistemi SpA, Stanley Black & Decker Inc., Fiskars Oyj, Falcon Garden Tools Ltd., Bad Boy Mowers Inc., Lastec Industries Inc., AL-KO Gardentech GmbH, Mamibot Manufacturing Company, Cub Cadet Corporation, Emak SpA, WORX Tools, Koki Holdings Co. Ltd., Friendly House, Kubota Corporation, Scythe Robotics Inc.
Table of Contents
- Executive Summary
- Lawn Mower Market Characteristics
- Lawn Mower Market Trends And Strategies
- Lawn Mower Market – Macro Economic Scenario
- Global Lawn Mower Market Size and Growth
…………
- Key Mergers And Acquisitions In The Lawn Mower Market
- Lawn Mower Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Lawn Mower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Lawn Mower Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Lawn Mower Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………
Table 74: American Honda Motor Co. Inc. Financial Performance
Table 75: Ariens Company Financial Performance
Table 76: Briggs & Stratton Corporation Financial Performance
Table 77: Deere & Company Financial Performance
Table 78: Falcon Garden Tools Financial Performance
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