DUBLIN--(BUSINESS WIRE)--The "Robotic Lawn Mower Market - Global Outlook and Forecast 2017-2022" report has been added to Research and Markets' offering.
The global robotic lawn mower market is expected to cross $2 billion by 2022.
Increased adoption of smart robotic technologies among end-users across the world is the latest trend that is going to bolster the market growth. In addition, the growth in the value of green spaces and green roofs worldwide, and the adoption of smart home concept is also having a positive effect on the market growth. Decreased time for household activities and growth of aging population, increased promotional and marketing activities resulting in the better visibility of different products are among the other driving factors that are likely to impact the market.
Also, growth in the professional landscaping services industry and increased replacement of old lawn mowers with robotic lawn mowers to overcome the safety hazards are the other factors that will push the market growth during the forecast period. The report further analyses the factors that are going to emerge as challenges for the market such as high cost of branded high-end models and increasing competition from Chinese vendors.
The demand for garden equipment is fuelled by factors such as an increase in income level, rise in consumer awareness, increase in aging population, and an increased zeal for backyard beautification. In developed countries, the growth in the construction industry will contribute to the demand for robotic lawn mowers. New construction will further drive the demand for new residences, which are likely to drive the demand for robotic lawn mowers. In developing countries, the construction of golf courses, public gardens and parks, and commercial business complexes drive the growth of the market.
The demand will be fuelled by the commercial segment where aesthetic appeal is an important area of consideration. The growth in the unit consumption will increase; however, revenue growth will be hindered by declining prices of robotic mowers during the forecast period. Also, the robotic lawn mower market is increasingly getting commoditized with many low-cost models being introduced in the market on the regular basis.
Companies Mentioned
- Positec Tool
- Kobi
- LG
- Mamirobot
- Deere & Company
- Husqvarna
- Friendly Robotic/Robomow
- Zucchetti Centro Sistemi
- Global Garden Products
- Robert Bosch
- AL-KO
- Belrobotics
- E. ZICOM
- Honda
- Hangzhou Favor Robot Technology
- MTD Products
- STIHL
- Linea Tielle
- Milagrow HumanTech
- Hitachi
Key Topics Covered:
1 Research Methodology
2 Research objectives
3 Research Process
4 Report Coverage
5 Report Assumptions & Caveats
6 Market At A Glance
7 Introduction
8 Market Dynamics
9 Value Chain Analysis
10 Global Robotic Lawn Mower Market
11 Robotic Lawn Mower Market by Distribution Channel
12 Robotic Lawn Mower Market by Geography
13 Europe: Robotic Lawn Market
14 North America: Robotic Lawn Mower Market
15 APAC: Robotic Lawn Mower Market
16 RoW: Robotic Lawn Mower Market
17 Competitive Landscape
18 Key Company Profiles
19 Other Prominent Companies
For more information about this report visit https://www.researchandmarkets.com/research/95jzfk/robotic_lawn
