DUBLIN--(BUSINESS WIRE)--The "Ride-On Mower Market - Comprehensive Study and Strategic Assessment 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The continuous innovations & the development of new technologies by the vendors are further supporting the ride-on mowers market growth. Remote-controlled mowers, electronic speed control & tight turn technology are recent trends gaining momentum in the ride-on lawn mowers market.
The demand for riding mowers remains significantly lower among households due to the higher penetration of small-sized lawns in residential areas. Moreover, ride-on lawn mowers are bulkier, thereby requiring more storage space. However, zero-turn mowers are one of the latest trends in the residential riding mower market. The demand for consumer mowers with power steering, comfortable seat & power lift is significantly gaining momentum in the global market. However, several factors such as high upfront cost & long replacement cycles are restraining the growth of ride-on mowers in the market.
During COVID-19, the supply chain constraints significantly impacted the ride-on mowers market. Stringent government regulations and policies from the local and national governments restricted the movement of supplies, activities at production facilities, and logistics of finished goods from manufacturers to consumers, thereby hampering the market growth.
Key Insights
- The standard ride-on mower market is expected to add a revenue of $2.1 billion by 2027.
- The revenue from battery-powered ride-on mowers is expected to reach $3.5 billion by 2027 due to the increasing demand for environment-friendly products that helps in minimizing carbon emissions.
- The application of ride-on lawn mowers is expected to gain momentum in golf courses & other sports arenas due to their continued expansion & the development of new golf courses, thereby adding revenue of $1.6 billion from the segment by 2027.
Key Questions Answered:
1. What will be the market size of the global ride-on mower market by 2027?
2. What is the growth rate of the global ride-on mower market?
3. Who are the key players in the global ride-on mower market?
4. What are the growth factors in the global ride-on mower market?
4. Which region is expected to hold the largest share in the global ride-on mower market?
Market Dynamics
Opportunities & Trends
- Growth of Landscaping Industry
- Influx of Alternative Fuel Options
- Internet Shaping End-Users' Purchasing Behavior
Growth Enablers
- Demand from Golf Courses
- Growth in Manufacturer-Led Programs & Initiatives
- Increased Recreational Facilities
Restraints
- Increased Xeriscaping & Use of Artificial Grass
- High Upfront Cost & Long Replacement Cycle
- Erosion of Vendor Margins Due to Volatility in Raw Material Prices
Market Segmentation
- In 2021, standard ride-on mowers dominated the market due to their low cost and broader application across multiple areas. The segment is expected to grow at a CAGR of 6.42%. However, lawn tractors are expected to witness the fastest growth rate during the forecast period.
- Gasoline-powered ride-on mowers lead the market in terms of unit shipment. However, battery-powered lawn mowers are anticipated to observe the highest growth rates.
- The fuel used to operate the riding lawn mowers is evolving from gasoline to battery-powered ones as it helps in minimizing noise levels & constant engine maintenance requirements. Moreover, the modern Li-ion batteries are lighter in weight and last for a longer time as compared to traditional nickel-cadmium versions.
- The hydrostatic segment dominates the market; however, the electric motor is projected to grow faster during the forecast period.
- A lawn mower transmission transfers power from the engine to the mower wheels. It helps manage the equipment's speed by altering its torque to handle the challenging terrain with wet grass, tight corners, obstacles including trees, hills & inclines, and muddy ground. The hydrostatic transmission is the most common & popular transmission in the riding mowers market due to its smooth operation, ease of use, durability & better responsiveness.
- In 2021, the hydrostatic segment accounting for a revenue share of 67.32%, dominated the market. However, during the forecast period, the electric motor segment is expected to observe the fastest growth at a CAGR of 6.66%.
by Product
- Standard Ride-On
- Zero-Turn
- Lawn Tractors
- Garden Tractors
by Fuel Type
- Gasoline-Powered
- Battery-Powered
- Propane-Powered
by End-User
- Professional Landscaping Services
- Golf Courses & Other Sports Arenas
- Residential
- Government
- Others
by Transmission Type
- Hydrostatic
- Electric Motor
- Manual
- Others
by Drive Type
- Two Wheel Drive
- Four-Wheel Drive
by Start Type
- Push Start
- Key Start
by Blade Type
- Standard Blades
- Mulching Blades
- Lifting Blades
- Cylinder Blades
by Distribution Channel
- Offline
- Online
by Geography
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Sweden
- Netherlands
- Belgium
- Poland
- Switzerland
- Finland
- Austria
- APAC
- China
- Australia
- Japan
- South Korea
- India
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Key Vendors
- ARIENS CO
- Deere & Company
- Honda Motor Company
- Husqvarna Group
- KUBOTA Corporation
- Stanley Black & Decker
- STIGA Group
- The Toro Company
Other Prominent Vendors
- AGCO Corporation
- AL-KO Gardentech
- Altoz
- AS-Motor
- Bad Boy Mowers
- Bobcat
- Briggs & Stratton
- Chervon Group
- Emak S.p.A
- Generac Power Systems
- Greenworks Tools
- IHI Shibaura Machinery Corporation
- Masport
- Metalcraft of Mayville
- STIHL
- SUMEC Group Corp
- Swisher Inc.
- Techtronic Industries
- Textron Inc.
- The Grasshopper Company
- WALKER MANUFACTURING
- Wright Manufacturing
- Yangzhou Weibang Garden
For more information about this report visit https://www.researchandmarkets.com/r/dx63u
