Power Lawn Mower Market Outlook: Industry Overview and Forecast (2024 to 2031)
Market Overview and Report Coverage
A power lawn mower is a machine utilizing one or more revolving blades to cut a grass surface to an even height. It is commonly used in homes, parks, sports fields, and other grassy areas to maintain the aesthetic appeal of the surroundings. The global power lawn mower market is witnessing steady growth due to the increasing demand for landscaping services and the growing trend of home gardening.
The market is expected to grow at a CAGR of % during the forecasted period, driven by factors such as urbanization, increasing disposable income, and technological advancements in lawn care equipment. Manufacturers are focusing on developing innovative and eco-friendly mowers to cater to the evolving needs of consumers. The adoption of electric and robotic lawn mowers is on the rise, offering convenience and efficiency in lawn maintenance.
The power lawn mower market is projected to witness continued growth in the coming years, with a shift towards sustainable and automated solutions. Key players in the market are investing in research and development to launch advanced products, further driving the market growth. Overall, the future outlook of the power lawn mower market looks promising, with opportunities for market expansion and technological advancements driving growth.
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Market Segmentation
The Power Lawn Mower Market Analysis by types is segmented into:
- Wireless Lawn Mower
- Wire Mower
Power Lawn Mower market includes two main types: Wireless Lawn Mower and Wire Mower. Wireless Lawn Mowers are battery-powered and do not require a cord, providing more flexibility and convenience for users. On the other hand, Wire Mowers are typically corded and provide continuous power supply for longer periods of operation. Both types have their own advantages and cater to different preferences of consumers in terms of ease of use, maintenance, and overall performance.
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The Power Lawn Mower Market Industry Research by Application is segmented into:
- Commercial
- Residential
Power lawn mowers are widely used in both commercial and residential markets for maintaining lawns and grassy areas. In the commercial sector, these machines are essential for landscaping businesses, golf courses, parks, and sports fields. In the residential market, homeowners use power lawn mowers to keep their lawns neatly trimmed and manicured. Both markets rely on these machines to save time and effort in lawn care, making them a popular choice for both professional and personal use.
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In terms of Region, the Power Lawn Mower Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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What are the Emerging Trends in the Global Power Lawn Mower market?
Emerging trends in the global power lawn mower market include the increasing adoption of robotic and autonomous mowers, as well as the growing popularity of battery-powered models due to environmental concerns. Current trends involve the rise of smart lawn mowers with features like remote control and smartphone connectivity, as well as the expansion of electric lawn mower sales driven by advancements in battery technology. Additionally, there is a growing demand for multi-functional mowers that can perform a variety of tasks beyond just cutting grass. Overall, the market is evolving towards more efficient, eco-friendly, and technologically advanced products.
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Major Market Players
The power lawn mower market is highly competitive, with key players such as Husqvarna, MTD Products, Deere & Company, and Honda dominating the industry. These companies have a strong presence in the market and offer a wide range of products to cater to different customer needs.
Husqvarna is a leading player in the power lawn mower market, with a focus on innovative technology and sustainable practices. The company has seen steady market growth in recent years, with an emphasis on expanding its product line to include robotic and battery-powered mowers.
MTD Products is another key player in the market, known for its diverse range of lawn mowers and outdoor power equipment. The company has been focusing on strategic partnerships and acquisitions to drive growth and expand its market reach.
Deere & Company, the parent company of John Deere, is a major player in the agricultural and lawn care equipment industry. The company has a strong global presence and is known for its innovative products and high-quality manufacturing.
Honda is a well-known brand in the power equipment industry, offering a range of lawn mowers and outdoor power tools. The company has been focusing on developing environmentally friendly products and expanding its market share globally.
In terms of market size, the power lawn mower market was valued at around $22 billion in 2020 and is expected to reach $30 billion by 2026, with a CAGR of around 4%.
While specific sales revenue figures for the companies listed are not readily available, it is clear that these companies are major players in the power lawn mower industry and are likely to continue driving market growth through product innovation and strategic partnerships.
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