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Global Robotic Lawn Mower Market to Grow at a CAGR of 13.2% During 2021-2026, Driven by the Rising Online Distribution Channel

According to a new report by EMR titled, ‘Global Robotic Lawn Mower Market Report and Forecast 2021-2026’, the market attained a value of about USD 796 million in 2020. The industry is further expected to grow at a CAGR of 13.2% in the forecast period of 2021-2026 to reach a value of nearly USD 1,658 million by 2026.

North America is anticipated to hold a significant share in the overall market growth of robotic lawn mower. The growth in the region can be attributed to the rapid adoption of technology as a result of the expanding leading market players and robust investments into research and development (R&D). As a result of busy lifestyles, people are spending on technological equipment to aid in day-to-day household chores. Furthermore, owing to the presence of an extensive distribution channel in the region with easy availability of robotic lawn mowers via offline retail channels is furthering the market growth in the region. In addition, the rising prominence of online retail channels is another factor contributing to the market growth of robotic lawn mower. E-commerce websites, such as Amazon, provide a hassle-free and flexible shopping experience, along with fast doorstep deliveries. Additionally, the online retail platform gives customers the opportunity to compare, analyse, and make better decisions, which is furthering the market growth of robotic lawn mower.

Honda Motor Co. (TYO: 7267), a leader in the global market for robotic lawn mower, recently announced the development of cordless technology in its robotic lawn mowers in 2020. Robotic lawn mowers by Honda are equipped with brushless DC motors for optimal efficiency and low noise. The Thermo-Smart technology of robotic lawn mowers keeps the battery cool even after a long duration of operation, hence enabling longer life for the product. Honda’s entry into cordless technology is a result of shifting consumer preference towards cordless technology owing to advancements in technology, resulting in ease of operation. The compact robotic design is manufactured to provide enhanced convenience and comfort to its users. Hence, with such developments in the technology by leading market players, the market growth of robotic lawn mower is propelling.

Market Analysis by Range, End Use, Distribution Channel, and Region:

  • On the basis of range, the market can be divided into low range, medium range, and high range. 
  • Based on end use, the market can be divided into residential use and commercial use. 
  • The market segmentation based on distribution channel, can be categorised into retail and online.
  • The major regional markets for robotic lawn mower are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The market growth is being driven by integration of advanced technology like artificial intelligence (AI) and the Internet of Things (IoT) in consumer electronic devices. 
  • The rising demand for automation in the residential sector as a result of rising disposable incomes and inflating purchasing power of people is augmenting the market growth.
  • Factors such as battery operation, low-noise generation, and efficient energy consumption to aid in sustainable living is impelling the market growth of robotic lawn mower.
  • Growing distribution network, including offline and online retail channels, is also expected to further the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global robotic lawn mower industry for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) markets for ranges, end uses, distribution channels, and regions of robotic lawn mower. 
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global robotic lawn mower market are Hitachi, Ltd., Husqvarna Group, LG Electronics, Robert Bosch GmbH, and BOSSMOW, 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.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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