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The global robotic lawn mower market is expected to cross $2 billion by 2022. The market is expected to grow at a CAGR of 17% in terms of revenue and approximately 20%
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RoboticLawnMowerMarket 2017-2022
EXECUTIVESUMMARY Market Overview Market Dynamics Segmentation GeographicalAnalysis TopTrends VendorList FindUs
MARKETOVERVIEW The global robotic lawn mower marketis expectedtocross$2billionby2022.Themarket isexpectedtogrowataCAGRof17%intermsof revenue. Theriseinend-users’disposableincomehas increased their purchasing power, thereby boostingreplacementdemandinthemarket. In developing countries, the construction of golf courses, public gardens and parks, and commercialbusinesscomplexesdrivethegrowth of themarket. Theroboticlawnmowermarketisincreasingly getting commoditized with many low-cost modelsbeingintroducedinthemarketonthe regularbasis.
MARKETDYNAMICS Increasedadoptionofsmartrobotictechnologies among end-users across the world is the latest trendthatisgoingtobolsterthemarketgrowth. In addition, the growth in the value of green spaces and green roofs worldwide, and the adoptionofsmarthomeconceptisalsohavinga positiveeffectonthemarketgrowth. Read theReport
SEGMENTATION The purpose of using online sales is primary because vendors highly promote the concept and use of robotic technology for homecare through social media. The online sales contribute 13.82% of revenue to theoverall market. In2016,Europewasthelargestsegmentoftheglobal robotic lawn mower market, accounting for market shares of66.26%. Retail sales constitute 86.18% of the distributionmodel and online sales constitute therest. The robotic lawn mower market in APAC is characterized by demand for low-cost roboticlawn mowers with autonomy in functioning and navigating. Request aSample
GEOGARPHICALANALYSIS TheEuropeanroboticlawnmowersmarket willcontinuetodominatetheglobalmarket, andislikelytoaccountformarketsharesof 54.37% and 56.53% in terms of revenue and volume, respectively, in2022 Europeanmarketisgainingmarketsharedue to the rising popularity of robotic lawn mowersanddecliningperunitpriceofthese devices. ThemarketinNorthAmericaregionwillbe thesecondlargestledbytheUSmarket. Thedevelopmentofsmarthomesmarketin APAC is likely to grow, the robotic lawn mowermarketisalsoexpectedtoincrease. enquiry@arizton.com
TOPTRENDS ADOPTION OF SMART HOMECONCEPT I NCREASED DEMANDFOR SMART ROBOTI C LAWN MOWERS I NCREASED I NFLUENCE OF I NTERNET OVEREND- USERS' PURCHASI NG BEHAVIOR INCREASEDADOPTIONOF GREEN SPACES AND GREENROOFS
VENDORLIST LeadingVendors Friendly Robotic/Robomow GlobalGarden Products Husqvarna RobertBosch Zucchetti CentroSistemi Read theReport
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