The robotic lawn mower market is expected to rise consistently at a CAGR of over 11.5% and is projected to reach a market valuation of US$ 737 Mn in 2021.
Growing call for ecologically-sound technology, a paradigm shift of customers in the direction of elevating their backyard lawns, lack of ready exertions, increasing funding in studies on artificial Intelligence and homes of robot lawnmowers, and guidance from authorities through favorable policies are creating possibilities for robot garden mower income boom.
Some of the leading robot garden mowers are focusing on mergers & acquisitions, and partnerships to strengthen their function in the market, similarly improving their product portfolio.
Growing inclination towards landscaping offerings and unavailability of equipped hard work in the marketplace pressured manufacturers to adopt the path of collaboration. Those collaborations will help in generating zero-emission self-sufficient mowing machines, coupled with increasing the organization’s product portfolio. Numerous different corporations are focusing on innovations to advantage competitive electricity.
The market exhibited an imposing CAGR of over 10.0% between 2016 and 2020. Despite challenges posed by the COVID-19 outbreak, the robotic lawn mower market projected over 4.0% year-on-year growth between 2021 and 2031.
For an instance, Honda introduced the release of its new premium cordless garden mower models particularly, constructed on the standards of the IZY platform. Newly designed models are geared up with a singular brushless motor layout for elevated facility and additionally features dynamically even within the most pressing situations.
Subsidized by using strategies adopted with the aid of leading market players, the global robotic lawn mower market is predicted to witness an impressive increase for the duration of the forecast duration. The robotic lawn mower market demonstrated growth at a 10.0% CAGR between 2016 and 2020.
The residential sector leads inside the deployment of robotic garden mowers and could generate nearly 60% of total returns to shareholders. Improved expenditure on sports – landscaping, outside beautification and cookouts, and lawn events, along with the want to keep time on garden maintenance activities, are driving the adoption of robot lawn mowers in this cease use area. The industrial region, in the recent beyond, has been staunchly inclining toward automation to attain operational performance. Robotic lawn mower market gamers are tapping into this opportunity to find new sales strains.
The top five players include Husqvarna AB, MTD Products, STIGA S.p.A., KYODO CO., LTD., Robert Bosch GmbH, Deere & Company, NINGBO NGP INDUSTRY CO., LTD., Honda accounted for 55% of the overall market.
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