Lawn Mowers Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
A lawn mower is a hand-propelled or power-driven machine that is utilized to cut grass or other vegetation. Lawn mowers are extensively utilized and are built of exceedingly thin, durable, and sharp iron plates, allowing them to cut the grass with ease.

Sizing and Forecast
The lawn mowers market size has grown strongly in recent years. It will grow from $29.5 billion in 2023 to $31.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%.  The  growth in the historic period can be attributed to marketing and branding strategies, government regulations and standards, economic factors and affordability, market demand for smart features, urbanization and housing trends..

The lawn mowers market size is expected to see strong growth in the next few years. It will grow to $43.4 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.  The growth in the forecast period can be attributed to rise in environmentally friendly solutions, shift towards robotic mowers, government incentives and regulations, consumer demand for convenience, focus on performance and efficiency.. Major trends in the forecast period include advancements in battery technology, customization and versatility, compact and lightweight designs, focus on efficiency and performance, shift to electric-powered mowers..

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Segmentation & Regional Insights
The lawn mowers market covered in this report is segmented –
1) By Product: Manual, Electric, Petrol, Robotic, Other Products
2) By Battery Type: Lithium-ion, Lead Acid
3) By Distribution Channel: Online channel, Retail channel
4) By End-user: Residential, Commercial or Government

North America was the largest region in the lawn mowers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the lawn mowers market report during the forecast period. The regions covered in the lawn mowers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Rising sports activities are expected to propel the growth of the lawn mowers market going forward. Sports activities refer to any human activities that focus primarily on physical effort and ability, with aspects of competition or social interaction. Lawn mowers are used to mow sports grounds in order to hold several sporting activities. It involves following mowing schedules, upholding safety standards, and preserving the health of the turf throughout lengthy and taxing seasons. For instance, in February 2023, according to a report published by the Sports & Fitness Industry Association (SFIA), a US-based trade association, a total of 236.9 million individuals, constituting 77.6% of the entire American population, engaged in at least one sports activity throughout the calendar year in 2022. Notably, Pickleball continued its remarkable surge and retained its status as the fastest-growing sport, witnessing an impressive 85.7% year-over-year increase and a staggering 158.6% growth over the span of three years.  Therefore, the rising number of sports activities is driving the growth of the lawn mower market.

Key Industry Players
Major companies operating in the lawn mower market are developing innovative products, such as electric mowers, to meet larger customer bases, more sales, and increase revenue. An electric mower refers to a type of lawn mower powered by electricity rather than traditional fuel sources such as gasoline or diesel. For instance, in March 2023, John Deere, a US-based manufacturing company, launched the Z370R ZTrak Electric Zero Turn Mower. This innovative mower offers a cleaner and simplified mowing experience in contrast to traditional gas-powered counterparts. It has a convenient charging feature that eliminates the need to remove batteries. Users can effortlessly charge it using a standard outdoor extension cord and a 110-volt grounded outlet. Enhancing durability, the mower is equipped with large front and side frame rails. Additionally, it boasts a 42-inch Accel Deep mower deck, ensuring superior cut quality even at faster ground speeds, further emphasizing its advanced and efficient mowing capabilities.

The lawn mowers market report table of contents includes:
1. Executive Summary

2. Lawn Mowers Market Characteristics
3. Lawn Mowers Market Trends And Strategies
4. Lawn Mowers Market – Macro Economic Scenario
5. Global Lawn Mowers Market Size and Growth

.

31. Global Lawn Mowers Market Competitive Benchmarking
32. Global Lawn Mowers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Lawn Mowers Market
34. Lawn Mowers Market Future Outlook and Potential Analysis
35. Appendix

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