increasing demand from commercial segment is driving the Robotic Lawn Mower Market
Technavio analyzes that the Robotic Lawn Mower Market is expected to grow at a CAGR of 19.64% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1636.6 million.There are various factors that contribute to the growth of the market. The robotic lawn mower market is experiencing significant growth, particularly in the commercial sector. Businesses and large property owners are increasingly recognizing the benefits of automated lawn maintenance, leading to a surge in demand for robotic lawn mowers. These advanced machines offer time savings, cost efficiency, and consistent cutting performance, making them an attractive solution for commercial applications. As a result, the market for robotic lawn mowers is poised for continued expansion.
In the realm of smart city development and green space enhancement, the residential segment represents a significant market for advanced gardening tools such as robotic lawn mowers. These devices, preferred over cemented or bare soil surfaces, contribute to the aesthetic appeal and finishing touches of homes, while promoting the circulation of fresh air. Vendors in the garden and lawn tools industry are expanding their product offerings to cater to this segment. In June 2022, Mammotion introduced Luba Robotic Lawn Mower, a remote-controlled, GPS-equipped device, enabling homeowners with expansive properties to minimize their reliance on traditional grass-cutting machinery or the expenses associated with hiring professionals for lawn care services.
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Robotic Lawn Mower Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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In the realm of lawn maintenance and home gardening, novel technologies such as robotic lawn mowers, artificial intelligence, and smart tools are revolutionizing gardening activities. Urbanization and the development of smart cities have increased the demand for automated solutions, including robotic mowers, for managing green spaces. These advanced devices, equipped with lawn mapping, precision mowing, and Bluetooth technologies, cater to households seeking labor cost savings and visual appeal. Robotic mowers, an alternative to riding lawn mowers and zero-turn mowers, navigate uneven terrains and are compatible with smartphone applications. Organic products and the tourism sectors also benefit from these smart, remote-controlled machines.
The Robotic Lawn Mower market is a segment of the larger Industrial Machinery, Supplies, and Components market, encompassing businesses specializing in the production of machinery and components for lawn maintenance and gardening activities. Technavio, a leading market research firm, determines the size of this market by aggregating the revenues of manufacturers supplying automation technologies, such as artificial intelligence and novel technologies, for home gardening applications. Key growth drivers include the increasing trend towards home automation and the demand for organic gardening solutions. Industrial output expansion in process and discrete industries, particularly in developing countries, fuels the global need for energy, chemicals, petrochemicals, pulp and paper products, and processed food and beverages, thereby boosting the market for advanced lawn maintenance solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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