The residential sector leads inside the deployment of robot garden mowers and might generate nearly 60% of total returns to shareholders. Multiplied expenditure on activities – landscaping, outdoor beautification and cookouts, and garden events, in conjunction with the need to keep time on lawn upkeep activities, are driving the adoption of robotic lawnmowers in this stop use area. The industrial region, within the recent beyond, has been staunchly inclining toward automation to be able to attain operational efficiency. Robot garden mower market gamers are tapping into this opportunity to uncover new revenue lines.
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.
For an instance, in 2019, imply inexperienced merchandise, LLC (mean green Mowers), a leader in industrial electric mower manufacturing, collaborated with The Kobi Company, a leading corporation in robotic solutions to establish a safe, in your price range, handy, and enormous location robot lawnmower.
Rising inclination in the direction of landscaping offerings and unavailability of capable hard work in the marketplace forced manufacturers to undertake the course collaboration. Those collaborations will assist in producing zero-emission autonomous mowing machines, coupled with increasing the enterprise’s product portfolio. Numerous other corporations are focusing on innovations to benefit aggressive power.
For an instance, Honda announced the release of its new top-class cordless garden mower fashions namely, constructed on the standards of the IZY platform. Newly designed fashions are ready with a singular brushless motor layout for accelerated facility and additionally function dynamically even within the most pressing situations.
Sponsored via techniques followed via main market gamers, the global robotic garden mower marketplace is expected to witness an outstanding boom at some stage in the forecast duration.
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.
Developing demand for ecologically-sound generation, a paradigm shift of consumers toward elevating their outside lawns, lack of competent hard work, growing investment in studies on artificial Intelligence and homes of robot garden mowers, and guidance from authorities via favorable regulations are creating prospects for robot garden mower income increase.
A number of the main robot garden mower are focusing on mergers & acquisitions, and partnerships to reinforce their role in the marketplace, further improving their product portfolio.
Robotic Lawn Mower Market Taxonomy
The global robotic lawn mower market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
- Small Area (up to 0.4 acres)
- Medium Area (0.4-0.8 acre)
- Large Area (above 0.8 acres)
- North America
- Latin America and the Middle East & Africa (LAMEA)
- Southeast Asia & Pacific