Lawn Mower Market Future Demand, Market Analysis & Outlook (2019-2026)
According to the report, the global Lawn Mower market is worth USD 18,650 million in 2019, and it is expected to generate USD 28,697 million in revenue by 2026, with a compound annual growth rate of roughly 6.35% from 2019 to 2026.
Lawn mower is also known as weeder, lawn trimmer, etc. A lawn mower is a mechanical tool used to mow lawns, vegetation, etc. They are widely used to decorate and maintain lawns, gardens, and yards worldwide. There are different types of lawn mowers available such as walk-behind, riding lawn mowers, tractors, zero turn mowers, and robot mowers, used for different types of landscapes such as small yards, large parks, and farm areas.
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Market Driver and Constraint
Rapidly expanding residential construction sector across the globe is spurring the demand for landscaping services, which, in turn, is expected to drive the demand for lawn mowers during the forecast period. Lawn mowers are indispensable machines as they offer great aid and convenience in undertaking a number of gardening activities, thereby ensuring superior lawn quality. These factors are also likely to fuel the growth of the lawn mower market over the next few years. Further, rising popularity of well-kept yards & backyard beautification activities and rising adoption of green roofs across the globe, predominantly in developed economies, is expected to contribute to the lawn mower market expansion. Green roofs impart enhanced shading and cooling effect, thereby reducing the costs associated with cooling indoors. This in turn can further help thelawn mower market to gain tremendous momentum over the forecast period.
However, growing popularity of artificial turf or grass may act as a roadblock to the product. Artificial grass does not require mowing, watering, or fertilizing like natural grass. The convenience and low cost associated with artificial grass are further compelling its increased adoption across residential and commercial spaces. This is expected to hinder the growth of the lawn mowers market.
Region-wise Analysis
The regional level forecast study covers key regions like Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North American market holds the largest market share, enjoying production market share 36.78%, with annual sales of nearly USD 5,876 Million in 2018. The next is Europe and Asia-Pacific, accounting for 28.06% and 26.13% respectively.
North America is the largest producer for the lawn mower market owing to the rising trend of beautification which is spurring the adoption of the product and driving the demand of lawn care equipment. Also, the rising importance of landscaping services to improve residential and commercial places is fueling the product demand in this region.
However, the Asia Pacific region is expected to be the fastest growing emerging market during the forecast period. The acceleration of urbanization in the region is expected to stimulate further growth in horticultural equipment. In addition, such as the Asian Olympic Games 2020, as well as the improvement of people's living standards are also the main market drivers.
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Competition Analysis
The vendor landscape of the market is highly consolidated and characterized by a high level of competition. Major enterprises in the global market of Lawn Mower include AS-Motor Germany Gmbh & Co KG (Germany), Avant Tecno Oy (Finland), AXO GROUP SRL (Iyaly), Ayerbe (Spain), Blount International – Woods Equipment (USA), Briggs & Stratton (USA), Deere & Company (USA), Emak (Italy), EUROSYSTEMS SpA (Italy), Exmark Manufacturing (USA), Fujii Corporation (Japan), Global Garden Products (Italy), Grasshopper Company (USA), GRILLO S.p.A. (Italy), Honda (Japan), Husqvarna (Austria), Hustler Turf Equipment (USA), IHI Shibaura (Japan), ISEKI & CO.,LTD. (Japan), KommTek – Intelligente Losungen GmbH (Germany), Land Pride (USA), MTD Products (USA), MULTIONE s.r.l. (Italy), Nantong ANT Machinery Co., Ltd. (China), OREC COMPANY LTD. (Japan), Staub (France), STIHL AG & Co. (Germany), Toro (USA), Viking (Austria), Walker Manufacturing (USA), and etc. These companies are focusing on product development to strengthen their foothold in the global market.
Worldwide Lawn Mower Market by Type
Manual, Electric, Petrol, Robotic, and Other. The electric lawn mower product segment held the highest market share in 2018. Yet, robotic lawn mower is projected to exhibit the fastest CAGR over the forecast period on account of its benefits over other products.
Worldwide Lawn Mower Market by Application
Residential, Commercial & Government, and Other. The residential sector is expected to be the largest segment in the next few years. The rapidly expanding residential construction industry, especially in developing regions, is the key driving factor for this segment.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Lawn Mower Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Lawn Mower Market by Types
4 Segmentation of Lawn Mower Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Lawn Mower Market in Major Countries
7 North America Lawn Mower Landscape Analysis
8 Europe Lawn Mower Landscape Analysis
9 Asia Pacific Lawn Mower Landscape Analysis
10 Latin America, Middle East & Africa Lawn Mower Landscape Analysis
11 Major Players Profile
11.1 AS-Motor Germany Gmbh & Co KG (Germany)
11.1.1 AS-Motor Germany Gmbh & Co KG (Germany) Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Avant Tecno Oy (Finland)
11.3 AXO GROUP SRL (Iyaly)
11.4 Ayerbe (Spain)
11.5 Blount International – Woods Equipment (USA)
11.6 Briggs & Stratton (USA)
11.7 Deere & Company (USA)
11.8 Emak (Italy)
11.9 EUROSYSTEMS SpA (Italy)
11.10 Exmark Manufacturing (USA)
11.11 Fujii Corporation (Japan)
11.12 Global Garden Products (Italy)
11.13 Grasshopper Company (USA)
11.14 GRILLO S.p.A. (Italy)
11.15 Honda (Japan)
…
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Target Audience:
Lawn Mower manufacturers
Distributors and resellers of Lawn Mower
Lawn Mower key stakeholders
Lawn Mower industry associations
Product managers, Lawn Mower industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
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