Riding Mowers Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Deere and Company, American Honda Motor Co., MTD products, Robert Bosch GmbH, Husqvarna Group, The Toro Company

The Riding Mowers Global Market Report 2023 by The Business Research Company, provides riding mowers market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Riding Mowers Global Market Report 2023, the market size will grow from $11.24 billion in 2022 to $11.75 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global riding mowers is expected to grow to $13.69 billion in 2027 at a CAGR of 3.9%.

The rise in lawn care and gardening activities and large garden areas in public places, schools, and recreational places drive the riding mowers market. Riding mowers are easy to use when compared with push lawnmowers when large areas are being mowed. People are turning towards lawn care and gardening for reasons such as a hobby, to obtain a sense of accomplishment, a way to reduce stress, and access to fresh food.

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The riding mowers market is segmented:

1) By Type: Rear Engine Riding Mowers, Tractors (includes lawn and garden tractors), Zero Turning Radius (ZTR) Mowers

2) By Fuel Type: Gas-Powered, Propane-Powered, Electric-Powered, Cordless/Battery, Electric Corded

3) By End User: Residential, Commercial

The launch of technically-advanced lawn mowers, such as robotic lawnmowers is gaining popularity in the riding mowers market. Robotic lawnmowers have gained popularity, owing to their durability and great working efficiency. For instance, in May 2022, Mammotion, a China-based provider of innovative electric robotics tools, launched LUBA, with smart robotic technology. It is the first perimeter wire-free robot lawn mower produced by the firm. By dispensing with conventional gas-powered push and ride-on mowers as well as the currently available robot mowers requiring perimeter cables, LUBA, which is designed particularly for residential usage, is poised to alter the future of lawn care maintenance.

The riding mowers market report table of contents includes: