Robotic lawn mower market to grow at a CAGR of 15%

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Representative image by tartila from freepik

The robotic lawn mower market is expected to grow by USD 697.02 million during 2021-2025, at a CAGR of over 15%, according to Technavio’s report. The research offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The COVID-19 pandemic continues to transform the growth of various industries positively and negatively. However, there has been a low impact on the robotic lawn mower market.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AL-KO KOBER SE, ANDREAS STIHL AG & Co. KG, Deere & Co., Honda Motor Co. Ltd., Husqvarna AB, MTD Products Inc., Robert Bosch GmbH, STIGA Spa, YAMABIKO Corp., and Zucchetti Centro Sistemi Spa are some of the major market participants. Although the increasing demand from the commercial segment will offer immense growth opportunities, the availability of alternatives is likely to pose a challenge for the market vendors. The report also empowers the industry with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

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