PUBLISHER: Allied Market Research | PRODUCT CODE: 1090746
PUBLISHER: Allied Market Research | PRODUCT CODE: 1090746
The global zero turn mowers market size was $854.0 million in 2020, and is expected to reach $1571.1 million by 2030, with a CAGR of 6.1% from 2021 to 2030. The zero turn mowers are a type of mowers that are four-wheeled, having the two large drive wheels in back and two swiveling wheel in the back. Zero turn mowers could be a stand on, walk behind, or the riding mower. Whenever any wheel of the zero-turn mower is not in use, then its turning radius gets converted into zero. The zero turn mowers are used for grass trimming applications and provides faster methods for trimming applications in comparison with the traditional lawn tractors.
The need for maintaining big areas of lawn grows as the golf courses and the athletic field require efficient grass cutting applications, which boosts the demand for zero turn mowers that are available in different models for different areas of lawn applications. In addition, homeowners in countries of North America or Europe use ranch style for their homes that consists of the small lawn or a big garden to provide the aesthetic appearance and to maintain the lawn, thus increasing the demand for zero turn mowers. Moreover, different companies are launching GPS-enabled zero turn mowers. For instance, in October 2021, CubCadet launched the GPS-enabled mowers for better efficiency and quick operations, which turn leads to rise in demand for zero turn mowers for time saving applications.
However, the cost of purchasing the zero turn mowers is very high that could cost more than $50,000, which lets many commercial industries and homeowners to adopt cheaper alternative of the zero turn mower, which in turn limits the growth of the zero turn mowers market.
On the contrary, the cost of fuels and power systems used for the zero turn mowers reduces over years owing to innovations in the technology used and product improvement, which reduces the life cycle costs and operating cost of the zero turn mowers. This leads to higher required performance of the mower, thus creating new opportunities for the growth of the zero turn mowers market.
The zero turn mowers market is segmented on the basis of application, product type, horsepower, and region. On the basis of application, the market is divided into residential, prosumer, and commercial. On the basis of product type, the market is divided into less than 50 inches, 50 to 60 inches, and more than 60 inches. On the basis of horsepower, the market is divided into less than 15 HP, 15-25 HP, and more than 25 HP. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
The major players profiled in the zero turn mowers market Altoz, Ariens, Bad Boy Mowers, BigDog Mower Co., Deere & Company, Generac Power Systems, Inc., Husqvarna AB, Stanley Black & Decker, Inc., Textron Inc., and The Toro Company. Major companies in the market have adopted product launch, business expansion, and acquisition as their key developmental strategies to offer better products and services to customers in the zero turn mowers market.
By Horsepower
By Cutting Width
By Application
By Region