Pune, India, Oct. 31, 2023 – The global Robotic Lawn Mower Market is expected to witness substantial growth in the coming years, reaching a value of USD 4.04 billion by 2028. This projection is based on a study conducted by Fortune Business Insights, which reveals a compound annual growth rate (CAGR) of 15.5% during the forecast period.
The increasing adoption of robotic lawn mowers can be attributed to the convergence of factors that reflect the evolving dynamics of lawn care and technology. These autonomous devices offer unparalleled convenience by taking over the time-consuming task of lawn mowing. As a result, users can delegate this chore to the robots and enjoy the benefits of a well-maintained lawn without the hassle.
The rise in demand for smart technology gardening equipment has been a driving force behind the growth of the robotic lawn mower market. Customers are increasingly interested in using organic products for gardening and are turning to smart tools to enhance their gardening operations. Strong performance by key players in North America and Europe has also contributed to the growth of automated product sales in these regions.
While the COVID-19 pandemic initially posed challenges for the manufacturing sector, it also led to a surge in home gardening. With people spending more time at home, many embarked on gardening projects, boosting the sales of smart gardening equipment, including robotic lawn mowers.
FAQs:
What is the projected value for the global Robotic Lawn Mower Market by 2028?
The global market for robotic lawn mowers is expected to reach USD 4.04 billion by 2028.
What is the compound annual growth rate (CAGR) projected for the market?
The market is projected to grow at a CAGR of 15.5% during the forecast period.
What are the main drivers of growth in the robotic lawn mower market?
The increasing interest of customers in smart technology gardening equipment and the strong performance of key players in established markets are driving the growth of the market.
How has the COVID-19 pandemic impacted the market?
The pandemic initially posed challenges for the manufacturing sector but led to a surge in home gardening, boosting the sales of smart gardening equipment, including robotic lawn mowers.
Which regions are expected to dominate the market?
Europe is projected to hold the largest market share due to the rising use of professional lawn mowers in the region. North America is also experiencing significant growth due to the demand for lawn mowers with intelligent features.