Latest Research Report on Lawn
Mowers Market begins with an extensive
presentation and then investigates broad into specific segments such as raw
material, application, end user, and region, policy study, value chain
structure, and upcoming trends in particular segments or regions. The report on
Lawn Mowers prepare a case for investments in different regions based on a
practical view of their regulatory outline, manufacturing dynamics, and
availability of skills and resources in that region.
The global Lawn Mowers
Market was valued at USD 25.09 billion in 2016 and is expected to continue
growing at a 4.6% CAGR in the forecast period. A lawn mower operates on
electricity as well as fuel energy leaving a high cost for maintenance.
Features such as strength, durability, and being lightweight enable the
brighter side of lawn mowers for better performance.
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Lawn mowers industry is
driven by factors like rise in preference for gardening in urban areas and
technological advances. Rise in aftermarket sales and service is likely to
trigger the lawn mower market growth owing to yard and garden maintenance. In
addition, growth in disposable income and consumers demand for grass turfs are
likely to propel the market growth during the forecast period.
Product segmentation for
lawn mowers industry includes petrol, manual, robotic, and electric. Robotic
lawn mowers are gaining tremendous prominence in the market growth due to
preferred use and environmental use. End-use segmentation for lawn mowers
includes residential buildings, commercial sport complexes, and educational
institutions. Commercial sport complexes are expected to gain a significant
momentum due to rise of investment in sports and related activities.
Geographic segmentation for
lawn mowers market includes North America, South America, Europe, Asia-Pacific,
Middle East and Africa. Asia-Pacific’s market accounts for a higher share in
lawn mowers industry owing to rise in disposable income, availability of large
population and enormous demand for robotic lawn mowers.
North America accounted for
a major share in 2016 owing to rise in consumer demand and preference for
backyard gardening. Consumer lifestyle and home decoration techniques coupled
with interior and exterior home decoration are gaining traction in this region.
Europe is anticipated to follow the trend. The key players in the lawn mowers
market include MTD Products Inc, Deere & Company, Robert Bosch GmbH, Global
Garden Products Italy S.p.A.
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