Lawn Mowers Market 2030 – Quality, Reliability, User Demands, and Growth Rate

Posted on 2022-05-20 by researchinsights in Construction // 0 Comments

San Francisco, California , USA, May 20, 2022 — /EPR Network/ —

Lawn Mowers Industry Overview

The global lawn mowers market size reached USD 30.4 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030.

COVID-19 in 2020 led to a slight decline in market growth due to supply chain disruptions; however, over the forecast period, the market growth will be reasonably modest considering added consumer interest in home gardening activities. Apart from supply chain hiccups, uncertain economic conditions resulted in a temporary dip in consumer spending, impacting the demand in 2020. However, with work from home, consumers have time to engage in activities like gardening, paving the way for the residential lawn mowers segment growth. In addition to this prevalence of households with dual-income has also increased consumer spending power, with demand for lawn maintenance activities on a rise.

In 2021, the global market rebounded to pre-COVID levels due to increased demand for battery-powered lawn mowers, notably from North America and Europe. However, ongoing semiconductor shortage concerns, disruption in supply chain activities, rising raw material prices, and a surge in oil prices due to the Russian-Ukraine conflict are expected to slow down the market in 2022. Due to these unfavorable macro-economic conditions, OEMs and dealers are expected to increase the Average Selling Prices (ASP) of lawn mowers in 2022. These developments are likely to be short-lived and are expected to come down by H2 2023.

Gather more insights about the market drivers, restrains and growth of the Global Lawn Mowers Market

In China, the demand for lawn mowers is expected to reach above pre-COVID levels in 2022 as the Chinese government pushes for eco-city project developments, subsequently creating avenues for future growth. Further, leisure gardening in China is witnessing a steady rise, projected to favor growth over the next few years. Despite changing consumer preferences or patterns in spending power, eco-awareness and aesthetic appeal for gardening space in households are emerging as primary market drivers.

Over the next few years, vendor focus will be introducing robotic mowers as the demand for tech-advanced mowers is gaining a foothold with consumers seeking convenience. GPS, Wi-Fi, and other technologies are making inroads in the lawn mowing business and will keep vendors upkeep market growth over the future. Remote-controlled lawn mowers are emerging as a popular choice among consumers in developed regions. In addition to the demand for advanced products, the demand from the affluent middle class taking gardening as a hobby also promotes market growth. The development of commercial spaces or government-backed infrastructure projects will also play a pivotal role in driving the uptake of lawnmowers in the commercial sector.

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