Lucintel Blog: Lucintel Forecasts Robotic Lawn Mower Market to Reach $2.7 Billion by 2028

Wednesday, July 19, 2023

Lucintel Forecasts Robotic Lawn Mower Market to Reach $2.7 Billion by 2028

According to the recent study the robotic lawn mower market is projected to reach an estimated $2.7 billion by 2028 from $1.5 billion in 2023, at a CAGR of 12.4% from 2023 to 2028. Growth in this market is primarily driven by increased preference of customers towards usage of organic products in gardening, growing demand of robots on the development of AI technology, and rising focus on the usage of smart tools to promote smart gardening operations globally.

A more than 150–page report is developed to understand trends, opportunities and forecast in robotic lawn mower market by battery capacity (Up to 20 V, 20 V to 30 V, and more than 30 V), application (residential and commercial), sales channel (retail channel and online channel), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/robotic-lawn-mower-market.aspx

“Residential market is expected to remain the largest segment during the forecast period.”

Based on application, the robotic lawn mower market is segmented into residential and commercial. Lucintel forecasts that the residential market is expected to remain the largest segment due to rapid urbanization and increasing interest of domestic customers in gardening and landscape care.

“Within the robotic lawn mower market, the retail channel segment is expected to remain the largest sales channel.”

Based on sales channel the retail channel segment is expected to witness the highest growth over the forecast period due to the presence of developed and interconnected supply chain by distributors and retailers in the offline sector.

“Europe will dominate the robotic lawn mower market in near future.”

Europe will remain the largest region due to increasing acceptance of energy-efficient robotic lawnmowers in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/robotic-lawn-mower-market.aspx.

Major players of robotic lawn mower market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Husqvarna Group, Robert Bosch, Deere & Company, STIGA S.p.A., HONDA MOTOR, Hitachi, LawnMaster, The Toro Co., and Robin Autopilot are among the major robotic lawn mower providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/robotic-lawn-mower-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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