The Robotic Lawn Mower Market is projected to grow from USD 533 million in 2018 to USD 1,261 million by 2025, at a CAGR of 13.10%. Increase in labor cost, safety concerns over traditional lawn mowers, and need for noise free-operation are some of the major factors which will drive the robotic lawn mower market.
Market Size Estimation
The size of the robotic lawn mower market has been calculated using the top-down approach. Extensive secondary and primary research has been carried out to understand the global market scenario for robotic lawn mowers. Several primary interviews have been conducted with key opinion leaders. Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.
Data Triangulation
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. The data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report.
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Recent Developments
- In March 2018, Husqvarna integrated its product range with smart features like GPS connectivity and navigation facility. The products can be operated in harsh weather conditions and during any time of the day. They are equipped with a built-in alarm facility to protect it from thefts. The product pricing is quite competitive in the international and domestic markets.
- In Jan 2018, Deere and Company launched the Tango E5 Series 2 models with smarter navigation system. This improves the riding pattern of the mower. The new sensor allows the mower to navigate the garden and also turn before approaching the perimeter cable.
- In June 2018, Stiga SPA expanded its new premises to Via del lavoro 6 in Castelfranco Veneto, Italy. This could provide STIGA SPA an opportunity to induct more staff across domains for developing every possible gardening and lawn products. It has been observed that 90% of the company’s revenue is generated from countries like Australia and New Zealand. The expansion in Italy can help the company meet the increasing demand from other international markets.
Key Questions addressed by the report
- Which end user category is going to dominate in the future?
- How are the industry players addressing the challenge of maintaining a balance between performance and technology?
- How is connectivity with smart devices going to impact the robotic lawn mower market?
- What could be the size of the global robotic lawn mower? Which are the key potential regions?
- What are the key strategies adopted by the players? Which new advancements are the game changers? How are companies mapped as per the Micro Quadrant?
- What factors will impact the revenue of companies?
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