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Global Ride on Mower Market to Reach USD 3.5 billion by 2026, Aided by the Increased Demand for Landscaping

According to a new report by EMR titled, ‘Global Ride on Mower Market Report and Forecast 2021-2026’, the global market for ride on mower attained USD 2.77 billion in 2020. The market is expected to grow at a CAGR of 4% in the forecast period of 2021-2026 and reach a value of USD 3.5 billion by 2026.

The global market of ride on mower is being significantly aided by the increasing demand for landscaping in order to increase the aesthetic appeal of the residential or commercial properties. Increasing investments by several manufacturers are also aiding the market growth. Furthermore, the rising R&D activities with advancing technologies is also facilitating the market growth. Over the forecast period, the growing interest of the general populace towards gardening is also expected to drive the market demand. However, the market growth was hindered due to travel restrictions and multiple lockdowns leading to an unavailability of equipment during the COVID-19 pandemic. It also benefited from the pandemic due to the urge to landscape a garden among the consumers during the lockdown period.

On the basis of geography, North America is the major region driving the market demand, specifically from the demand created in the regions like the United States, owing to the high demand of maintaining gardens and lawn both in commercial as well as residential sectors. Also, the Asia Pacific sector is expected to drive the demand further due to growing disposable incomes of consumers. Companies like Honda Motor Co. Ltd. (US NYSE: HMC) and The Toro Company (US NYSE: TTC) have also facilitated in maintaining the demand across the globe for the product. In 2019, Honda Motor Co. announced its investment of USD 46.4 million in expanding its plant in Swepsonville, North Carolina, to start the production of its next-generation HRN line of gasoline-powered motors. Such product launches and diversification are expected to aid the market growth in the coming years too.

Market Breakup by Transmission, Wheel Drive, End Use, and Region:

  • In terms of transmission, the market is divided into manual transmission, automatic transmission, and hydrostatic transmission.
  • By wheel drive, the market is segmented into zero turn and steering wheel.
  • The market is bifurcated on the basis of end-use as residential, commercial, and others.
  • Region-wise, the global market for ride on mower can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The market is significantly aided by the growing demand for landscaping in order to enhance the aesthetics of a residential or commercial property.
  • The rapidly advancing technology is also aiding the market growth for ride on mowers.
  • The increasing investments by several manufacturers across several industries is further aiding the market.
  • The fast-growing interest of the general populace towards gardening, coupled with the rise of the do-it-yourself trend, is expected to significantly aid the industry in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for ride on mower for the periods (2016-2020) and (2021-2026). 
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the transmissions, wheel drives, end-uses, and regional markets of ride on mower.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market of ride on mower include Honda Motor Co. Ltd., The Toro Company, Deere & Company, Kubota Corporation, Husqvarna AB, and Ariens Co, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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