Robotic Lawn Mower Market to be Worth US$ 2 Billion by 2021
Beige Market Intelligence had recently published a report titled “Strategic Assessment of the Robotic Lawn Mower Market” by technology (Power Garden Equipment, Electric Lawn Mower, Gas-powered lawn mower, Battery-powered/cordless lawn mower) Global Industry Analysis, Size, Share, Growth, Geographical Analysis, Technology Segmentation, Vendor Analysis, Trends and Forecast 2016 – 2021 in which the company expects the market to be worth approximately US$ 2 billion by 2021.
There has always been an interest in lawn maintenance and beautification across the globe across everyone’s homes. Having said that, there has also been a need for the above to take place with as minimal time as possible. Well-trimmed lawns are an absolute necessity for hotels and resorts as this is part of their main business offering of providing a retreat for their customers.
This has given rise to the global landscaping services industry wherein the core business of this industry is to maintain lawns across homes, hotels, resorts, recreational centers and so on. For such an industry, a robotic lawn mower will ensure accuracy and speed, both of which are important for any industry under consideration.
The APAC region will contribute around 5 percent to the overall value of the robotic lawn mower market by 2021.
Lawn care and garden maintenance has been taking place for quite some time in North America as well as in Europe. The APAC region in this sense has been a late adopter of this habit and as such, is far behind the other regions in terms of the landscaping industry. As such, the demand for the robotic lawn mower in the region is quite low.
In spite of the low contribution, the region still has a number of companies in interested in the region especially with a number of public infrastructure projects taking place in countries like India, China and Malaysia. These projects include the establishment of public parks, open green areas for reducing the population as per numerous government mandates and so on. Further to this, looking at the private sector, hotels and resorts especially in the South East Asian countries are expanding their operations and this provides an opportunity for the landscaping industry, which leads to the growth of the robotic lawn mower market.
Landscaping industry will be a key driver for the Robotic Lawn Mower market till 2021.
The anticipated growth in the landscaping industry is expected to propel the demand for robotic lawn mowers. Customers, both individual and corporate are ensuring proper lawn maintenance and are looking at a robotic lawn mower as a long term investment rather than as an expensive product which is just maintaining lawns. Another aspect that is driving the growth in the industry is the concept of a connected home wherein all devices are connected to each other and finally, to the user who has full and absolute control over the various appliance in his or her house.
Companies operating in this market include Husqvarna, Friendly Robotic/Robomow, Zucchetti Centro Sistemi, Global Garden Products, Robert Bosch, AL-KO, Belrobotics, Deere & Co., E. ZICOM, Honda, Hangzhou Favor Robot Technology, MTD Products, Positec Tool and STIHL.
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