The Lawn Mower Market Share was valued at approximately USD 35.31 billion in 2023 and is projected to reach nearly USD 51.44 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.52% during the forecast period.
Market Overview
Lawn mowers are machines equipped with one or more revolving blades designed to cut grass surfaces to an even height. They are widely used in various applications, including agriculture, gardening, landscaping, and horticulture, to maintain areas such as golf courses, parks, sports fields, gardens, and large lawns.
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Key Market Drivers
Growing Interest in Gardening and Landscaping: There has been a significant increase in consumer interest in gardening activities, such as landscaping and backyard beautification. This trend is contributing to the rising demand for lawn mowers.
Popularity of Outdoor Sports: The rising popularity of outdoor sports that require well-maintained grass surfaces, such as lawn tennis, cricket, football, and rugby, is driving the demand for lawn maintenance equipment, including lawn mowers.
Adoption of Green Roofs: Increasing awareness about the benefits of green roofs, such as improved stormwater management, energy conservation, and carbon sequestration, is encouraging the adoption of lawn mowers for their maintenance.
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Market Segmentation
By Product Type:
- Ride-on Mower: Held the largest market share of 36.78% in 2023, driven by demand from both commercial and residential sectors for landscaping purposes.
- Push Mower
- Robotic Mower: Expected to grow rapidly at a CAGR of 11.31% during the forecast period, owing to their durability, efficiency, ease of operation, and eco-friendliness.
By Power Type:
- Electronic Mower: Held the largest market share of 30.59% in 2023 and is anticipated to grow at a CAGR of 5.2% during the forecast period. The popularity of electronic mowers is attributed to their declining costs, work efficiency, automation, and technological advancements.
- Non-Electronic Mower
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Lawn Mower Market, Key Players:
1. Andreas Stihl AG Co. KG
2. Deere Company
3. Hitachi Ltd.
4. Honda Motor Co., Ltd.,
5. Husqvarna Group
6. MTD Products
7. Robert Bosch GmbH
8. Stiga S.p.A
9. The Toro Company
10.Textron
11.Robomow Friendly House
12.AriensCo
13.Briggs Stratton Corporation
14.Kubota Corporation
15.Intimidator Group
Regional Insights
While specific regional data is not provided in the available information, the demand for lawn mowers is influenced by factors such as urbanization, disposable income levels, and the prevalence of gardening and landscaping activities across different regions.
Conclusion
The lawn mower market is experiencing steady growth, driven by increased consumer interest in gardening and landscaping, the popularity of outdoor sports, and the adoption of green initiatives like green roofs. Advancements in product offerings, particularly in electronic and robotic mowers, are expected to further propel market expansion during the forecast period.
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