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Robotic Lawn Mowers Market By Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, High-Range Robotic Lawn Mower), By End-User (Residential, Commercial), By Sales Channel (Direct Retail, Online Retail) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

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Credence Research Inc

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2 years ago

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The robotic lawn mowers market expected to grow at a CAGR of 17.5% during the forecast period from 2017 to 2026 and reach US$ 3.76 Bn in 2026. It is no real secret at this point that in the future many of our least favorite jobs will be automated. Lawn mowing in this context is no exception. Robotic lawn mowers  are intelligent service robots that are capable of performing a variety of complex and simple tasks that are time-consuming or repetitive in nature. Increasing dependency on automation in the commercial sector is one of the most prominent factors aiding the robotic lawn mowers market growth. Automation helps to reduce the operation cost in the long run. 

 

The leading vendors are launching new product models, a factor expected to create new opportunities for them. Another important factor contributing to the robotic lawn mowers market growth can be attributed to the increasing construction activities. These activities support the growth of landscaping and ground maintenance services, thereby boosting the demand for robotic lawn mowers. In recent years, there has been a growth in the adoption of domestic robots for carrying out various household activities such as lawn mowing and cleaning. However, high initial investment might offset demand for robotic lawn mowers during the forecast period. Moreover, increased adoption of artificial grass is hindering growth of lawn mowing equipment, including robotic mowers.

 

Europe was the largest market for robotic lawn mowers in 2017. Decline in per unit price coupled with rising popularity of robotic lawnmowers is contributing to the market growth in the region. However, in the coming years, Asia Pacific expected to be the most lucrative market for investment. Countries such as India, Thailand, Vietnam and Indonesia among others are expected to witness increased adoption of robotic lawn mowers mostly as a result of improving quality of life. China, South Korea, New Zealand, Australia and Japan are some of the major markets for robotic lawn mowers in the Asia Pacific region.

 

"Residential Segment held the Largest Share in 2017"

Growing urbanization coupled with increasing need for space efficiency is complimenting the demand for robotic lawn mowers. Developing regions such as Asia Pacific, Middle East & Africa and Latin America have witnessed an increasing number of populations shifting to urban cities, a factor expected to boost lawn maintenance services. Residential robotic lawn mowers are mainly used by individual owners in order to mow lawns, gardens, and yards. Moreover, growing aging population is another prominent factor supporting the adoption of robotic lawn mowers in the residential sector. Sometimes, it becomes difficult for the aging population to perform laborious household chores such as lawnmowing.

 

"R&D Activities to Remain on the Center Stage for Robotic Lawn Mowers Manufacturers"

Technological advancements have enabled manufacturers to add new functionalities to robotic lawn mowers. For instance, many of today’s robotic mowers are able to mow slopes, oddly shaped gardens and even obstacles such as flower beds and trampolines. Moreover, some of the modern robotic mowers can be controlled using a smartphone or tablet. Functionalities such as start or stop, adjusting cutting height and managing a calendar can be performed with it. Furthermore, some of the robotic lawn mowers also comes with rain detector that automatically disengages the mower and makes it return to its docking station for recharge until the weather has cleared.

 

Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.

 

Report Scope by Segments

The report elucidates the detailed outline of global robotic lawn mowers market by categorizing the market in terms of range, end user, distribution channel and geography.

 

Key players profiled in the report include Robert Bosch GmbH, DEERE & COMPANY, Honda Motor Company, Ltd., Hitachi, Ltd., Zucchetti Centro Sistemi S.p.a., Husqvarna Group, LG Electronics, Inc., Stiga S.p.A., MTD Products, The Kobi Company, E. ZICOM, Milagrow HumanTech, Linea Tielle and Global Garden Products among others.

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