PUBLISHER: The Business Research Company | PRODUCT CODE: 1499927
PUBLISHER: The Business Research Company | PRODUCT CODE: 1499927
A robotic lawn mower is a self-operating device designed to trim grass autonomously, eliminating the need for human supervision. These mowers streamline lawn maintenance tasks by performing them automatically, thus improving convenience and effectiveness for users.
Robotic lawn mowers cater to lawns of different sizes, including small, medium, and large areas. Small lawns typically have boundaries such as paved surfaces or garden beds and usually require minimal upkeep. These mowers employ a range of technologies, from basic to advanced smart systems, and are available through various distribution channels, both offline and online. They serve diverse end-users, including residential clients, professional landscaping firms, sports facilities, golf courses, among others.
The robotic lawn mower market research report is one of a series of new reports from The Business Research Company that provides robotic lawn mower market statistics, including the robotic lawn mower industry global market size, regional shares, competitors with robotic lawn mower market share, detailed robotic lawn mower market segments, market trends, and opportunities, and any further data you may need to thrive in the robotic lawn mower industry. This robotic lawn mower market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The robotic lawn mower market size has grown rapidly in recent years. It will grow from $2.32 billion in 2023 to $2.66 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth observed during the historical period can be attributed to several factors, including heightened consumer awareness, a greater emphasis on eco-friendly lawn care solutions, rising labor costs, demographic shifts such as an aging population, and intensified competition among manufacturers.
The robotic lawn mower market size is expected to see rapid growth in the next few years. It will grow to $4.71 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The forecasted growth can be linked to several factors, notably the expanding IoT connectivity, rising disposable incomes, growing demand for robotic lawnmowers, shifts in consumer lifestyles, and the exploration of new geographic markets. Key trends expected in the forecast period encompass the emergence of novel technologies, the integration of advanced AI-driven solutions, the utilization of IoT-enabled unmanned lawn mowers, and the adoption of state-of-the-art technological advancements.
The expansion of smart home integration is anticipated to drive the growth of the robotic lawn mower market in the foreseeable future. Smart home integration involves linking and coordinating various household devices and systems to enable centralized control and automation via a single interface or platform. Several factors contribute to the growth of smart home integration, including increased consumer awareness, a rising desire for home automation, and heightened concerns about home security. Incorporating smart home integration into robotic lawn mowers allows users to remotely control and monitor their lawn care through their smart home systems, such as smartphones or voice assistants. Robotic lawn mowers come equipped with cellular or Wi-Fi connectivity, enabling seamless integration with smart home devices to streamline lawn maintenance tasks. For example, a July 2023 Canadian Internet Use Survey conducted by Statistics Canada, a Canada-based government agency, revealed a consistent uptrend in the utilization of Internet-connected smart home devices in Canada, climbing from 42% in 2020 to 47% in 2022. Consequently, the increasing integration of smart homes is propelling the growth of the robotic lawn mower market.
Key players in the robotic lawn mower market are concentrating on delivering technologically advanced mowers, including AI-based robotic lawn mowers, to gain a competitive advantage. AI-based robotic lawn mowers are equipped with artificial intelligence (AI) capabilities to autonomously navigate, adapt, and efficiently operate in diverse lawn environments. For instance, in March 2024, Segway Inc., a US-based robotics and personal transportation manufacturer, unveiled the Navimow i Series robotic lawn mower tailored for lawn maintenance. The Navimow i Series utilizes advanced AI technology to enhance mapping precision. Its AI-driven assistant identifies the lawn's boundaries during mapping and autonomously traverses the entire area. Users can easily adjust and refine the working area through the app based on the AI assistant's map for optimal performance.
In March 2021, The Toro Company, a US-based lawn mower manufacturer, acquired Left Hand Robotics for an undisclosed sum. Through this acquisition, both companies aim to expand their product portfolios within the robotic lawn mower segment. Additionally, The Toro Company seeks to bolster its geographical reach and broaden its customer base. Left Hand Robotics Ltd., a US-based robotic lawn mower manufacturer, specializes in developing autonomous lawn mowing robots.
Major companies operating in the robotic lawn mower market are Honda Motor Co. Ltd., John Deere Equipment Private Ltd., SUMEC Hardware & Tools Co. Ltd, Stanley Black And Decker Inc., Andreas Stihl AG & Co. KG, Husqvarna Group, MTD Products Inc., Bosch Limited, Zucchetti Centro Sistemi Spa, Greenworks (Jiangsu) Co. Ltd., iRobot Corporation, AL-KO Technology Group, Worx Inc. Ltd., Gardena GmbH, STIGA S.p.A., Volta Automation Co. Ltd., Redback Power LLC, Cub Cadet Corporation, Robomow Inc., McCulloch Motors Corporation, Kress Robotics Ltd., The Kobi Company, Cleva Europe Ltd., Ego Power Plus, Robin Autopilot Holdings LLC
Europe was the largest region in the robotic lawn mower market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic lawn mower market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the robotic lawn mower market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The robotic lawn mower market consists of sales of basic robotic lawn mowers, advanced robotic lawn mowers, hybrid robotic lawn mowers, and quiet robotic lawn mowers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Robotic Lawn Mower Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on robotic lawn mower market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for robotic lawn mower? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The robotic lawn mower market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.