NEW YORK, Jan. 24, 2022 /PRNewswire/ -- The robotic lawn mower market is set to grow by USD 697.02 million, progressing at a CAGR of 15.20% from 2020 to 2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The convenience of using robotic lawn mower will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Robotic Lawn Mower Market 2021-2025: Segmentation
The robotic lawn mower market is segmented as below:
End-user
Size of lawns
Geographic Landscape
The global robotic lawn mower market share growth through the residential segment will be significant during the forecast period. The residential segment includes robotic lawn mowers that are procured by homeowners. As this robotic lawn mower targets homeowners with large properties and helps reduce the users' dependence on conventional mechanical grass-cutting equipment or the associated cost for hiring professionals to perform lawn care services. Thus, the vendors are extensively focusing on expanding their product offerings in the residential sectors resulting in pacing the market growth during the forecast period.
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Robotic Lawn Mower Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the robotic lawn mower market report provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include AL-KO KOBER SE, ANDREAS STIHL AG & Co. KG, Deere & Co., Honda Motor Co. Ltd., Husqvarna AB, MTD Products Inc., Robert Bosch GmbH, STIGA Spa, YAMABIKO Corp., and Zucchetti Centro Sistemi Spa.
Players offer differentiated products at competitive prices to capture a higher customer base. But rapid advances in technology and frequent changes in end-user preferences pose significant risks for vendors. As a result, numerous vendors are strategically entering into alliances with various technology providers for technical support to help them maintain their customer base. Additionally, vendors are collaborating with e-commerce retailers for enhancing their product distribution and customer reach.
The report also covers the following areas:
The increasing number of new product launches is likely to emerge as one of the primary drivers of the market. However, the high price of robotic lawn mower and the availability of cheaper substitutes may threaten the growth of the market.
Backed with competitive intelligence and benchmarking, our research reports on the robotic lawn mower market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Robotic Lawn Mower Market 2021-2025: Key Highlights
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Robotic Lawn Mower Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.20% |
Market growth 2021-2025 |
$ 697.02 million |
Market structure |
Fragmented |
YoY growth (%) |
14.80 |
Regional analysis |
Europe, North America, APAC, South America, and MEA |
Performing market contribution |
Europe at 52% |
Key consumer countries |
US, Sweden, Germany, China, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alfred Kärcher SE & Co. KG, AL-KO KOBER SE, ANDREAS STIHL AG & Co. KG, Deere & Co., Future Labs V Inc., Greenworks Tools, Honda Motor Co. Ltd., Husqvarna AB, iRobot Corp., LINEA TIELLE Srl, Mamibot Manufacturing USA Inc., MTD Products Inc., NIKO Srl, Ningbo NGP Industry Co. Ltd., Positec Tool Corp., Robert Bosch GmbH, STIGA Spa Toadi, YAMABIKO Corp., and Zucchetti Centro Sistemi Spa |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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