Robotic Lawn Mower Market

Market Leader - Robotic Lawn Mower Market

The robotic lawn mower market is projected to grow from a market size of USD 533 million in 2018, it is projected to reach USD 1,261 million by 2025, at a CAGR of 13.10%. Increase in demand for residential and commercial end user segments and higher labor cost are the key drivers for the robotic lawn mower market.

Development of sophisticated robotic lawn mowers with the development of sensor technology will drive the market. With the development of modern technologies in the field of electronics, a new generation of sensors has surfaced which help create sophisticated robotic lawn mowers with added safety features. In the future, sensor technologies are set to advance further, and this will help in increasing the adoption rate of robotic lawn mowers.

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Robotic lawn mowers used for the commercial segment are expected to grow at the fastest rate

In the commercial segment, robotic lawn mowers have lower levels of penetration, and the same is expected to grow in the future. As many global competitors are manufacturing robotic lawn mowers capable of covering up to 3,600 m2, they are used mostly for the residential segment. However, in the future, with the development of innovative technologies, the range coverage is set to increase further and cater to large commercial spaces.

The medium-sized robotic lawn mower is expected to be the largest segment. Small-sized lawn mowers can cover only up to 600 m2, and therefore, consumers prefer medium-sized lawn mowers that can cover up to 1,500 m2. This is also because of the higher presence of medium-sized lawns in residential spaces. Thus, it becomes the key deriving factor for medium-sized robotic lawn mower market.

Related Reports:

Robotic Lawn Mower Market by End User (Residential, Commercial), Lawn Size (small-sized, medium-sized, large-sized), Connectivity Type (With Connectivity, Without Connectivity), Distribution Channel, and Region- Global Forecast to 2025

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Report Code
AT 6937
RI Published ON
2/26/2019
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