PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1149527
PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1149527
The global self propelled lawn mowers market is expected to grow at a CAGR of 6.04% during 2022-2027.
MARKET INSIGHTS
The growth is driven by the rising demand for economical equipment that does a great job in challenging areas such as uneven surfaces and hilly regions. Also, these mowers are powered by transmission and do not require manual strength, which is expected to propel their demand in the global market. The continuous investments by vendors in R&D activities have made self propelled mowers more user-friendly. For instance, most self propelled mowers are equipped with automatic choke recovery systems that help start the cold engine without choking. Also, there have been several developments in features such as height adjustments, speed control, discharge bag attachments, and others. Hence, such advancements are supporting the global self propelled lawn mowers market.
The pollution from gasoline-powered self propelled lawn mowers, and other lawn and garden machinery impacts the climate; as a result, the U.S. Environmental Protection Agency (EPA) is tightening emission requirements for compact motors such as those found in lawn mowers. Also, companies are looking for alternative fuel sources for mowers to reduce air and noise pollution. Hence, such factors will propel the demand for battery-powered self-propelled lawn mowers in the market during the forecast period. However, factors such as water shortages, growing usage of artificial grass, and increasing demand for robotic lawn mowers due to the rising inclination towards technology-driven products are expected to create hurdles in the self-propelled lawn mowers market growth during the forecast period.
MARKET TRENDS AND DRIVERS
Rising Demand for Home Ownership & Home Improvement
Growing Landscaping Industry
Low Upfront Cost as Compared to Riding Mowers
The average cost of self-propelled gasoline
mowers ranges between USD 170-2,000, while battery-powered self-propelled mowers cost USD 340-850. Most people prefer buying self-propelled lawnmowers due to their low cost, thereby supporting the overall self propelled lawn mowers market growth.
SEGMENTATION ANALYSIS
INSIGHTS BY FUEL TYPE
The gasoline-powered segment is estimated to witness an absolute growth of 38.87% compared to 2021 in the global self-propelled lawn mowers market. However, battery-powered lawn mowers are expected to observe the highest growth rates.
The rising consumer awareness about sustainability and environmental emissions is expected to boost the demand for the battery-powered self-propelled lawn mowers market. The segment is expected to witness an absolute growth of 50.33% from 2021-2027. Moreover, the Li-ion batteries offer various social and financial benefits driving their popularity among commercial projects and municipalities.
Segmentation by Fuel Type
INSIGHTS BY START TYPE
By Start Type, the recoil segment dominates the market; however, the push-button start is expected to observe the highest growth rate during the forecast period. The recoil start, which involves a pulling mechanism to turn the crankshaft and start the lawn mower engine, is the popular start type among self-propelled lawn mowers. The segment is expected to add a revenue of USD 1.01 billion by 2027. The global key start self-propelled lawn mowers market witnessed shipments of 1,238.10 thousand units in 2021. One of the best things about key start self-propelled mowers is that it avoids stressful situations that users face with a push start layout.
Segmentation by Start Type
INSIGHTS BY END-USER
The residential segment accounted for a revenue share of 55.45% and is expected to lead the self propelled lawn mowers market during the forecast period. The highest share of this segment is due to the increasing inclination of the population toward gardening activities, leading to the expansion of the lawns, playgrounds, and green acreage across single and multi-family housing units. Also, professional landscaping service providers' usage of the self-propelled lawn mowers market is expected to witness exceptional growth, thereby adding revenue of USD 674.15 million during the forecast period.
Segmentation by End-User
Segmentation by Drive Type
Segmentation by Blade Type
Segmentation by Distribution Channel
GEOGRAPHICAL ANALYSIS
North America accounts for the largest global self propelled lawn mowers market accounting for 41.91%. The demand for the equipment is supported by a large residential sector and numerous golf courses across the region. Further, North America has the largest number of golf courses worldwide. The U.S. and Canada together account for more than 18,700 golf courses. The U.S. opened more than 25 new golf courses nationwide in 2019-2020. Most golf courses across the country are public facilities and allow free playing, encouraging greater participation among people. Hence, the presence of many golf courses across the region is expected to support the growth of the self-propelled lawn mowers market during the forecast period.
Europe is expected to witness one of the fastest growths in the global self propelled lawn mowers market during the forecast period, with a CAGR of 6.89%. Europe, considered one of the largest markets in the gardening equipment segment, is mainly expected to be driven by residential end-users that are profoundly increasing their usage. Government & sports facilities are expected to use robust ground management equipment, thereby increasing the need for landscaping services in the area.
The urbanization of developing countries in APAC is expected to strengthen the demand for gardens and recreational parks, creating the need for maintenance and thereby driving the need for lawn and garden care equipment during the forecast period. Also, multifamily residential properties are witnessing increasing prominence in the region. While Australia and China account for significant lawn and garden equipment usage, countries such as India are expected to witness increased demand due to the improving quality of real estate, boosting the self propelled lawn mowers market.
Segmentation by Geography
VENDOR LANDSCAPE
Ariens Company, Husqvarna, Deere & Company, and Stanley Black & Decker are some key industry participants operating in the global self propelled lawn mowers market. These vendors are increasingly focussing on adhering to the various regulations and energy efficiency & labeling requirements to sustain & boost their presence in the global market.
Key Vendors
Other Prominent Vendors
Recent Developments
KEY QUESTIONS ANSWERED
LIST OF TABLES