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I AgreeAnalysis of Electric Lawn Mower market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global electric lawn mower market is estimated at USD 14.8 Billion in 2022 and is forecast to surpass USD 27.4 Billion by 2032, growing at a CAGR of 6.3% during 2022-2032.
Report Attributes |
Details |
Base Year Value (2021A) |
USD 14.1 Billion |
Estimated Year Value (2022E) |
USD 14.8 Billion |
Projected Year Value (2032F) |
USD 27.4 Billion |
Global Growth Rate (2022-2032) |
CAGR 6.3% |
North America Market Share in 2021 |
~34% |
North America Growth Rate (2022-2032) |
CAGR 6.7% |
Top 5 Companies Market Share in 2021 |
~37% |
Key Companies Profiled |
|
The global electric lawn mower market contributed by providing around 1/2 of the total revenue generated by global lawn mowers market in 2021. The global electric lawn mower market is estimated to provide an absolute $ opportunity of USD 12.6 Billion during the assessment period of 2022-2032.
For a long time, electric lawn mower sales remained inhibited, as limited battery life created challenges for end-users. The issues were especially taxing for bigger yards, however, the new range of products launched in the past couple of years have mitigated these issues to an extent.
Sensing the paradigm shift in demand, it is highly likely that lawn mower manufacturer focus will invest in lithium-ion technology in electric lawn mowers in the near future.
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The North America electric lawn mower market is expected to provide maximum absolute $ opportunity to its manufacturers comprehended by the availability of strong supply chain networks of electric lawn mower manufacturers in this region.
A notable trend witnessed for electric lawn mower market in US is the steady shift from corded electric lawn mowers to cordless variants. Corded electric lawn mowers prevent free maneuver, and are inconvenient to use than cordless electric lawn mowers. Although corded electric lawn mowers still outsell cordless variants, the latter will grow at a higher rate during the assessment period.
In addition to the all the above mentioned factors, electric lawn mower sales are also massively influenced by seasonality in US. Electric lawn mower sales are usually concentrated in the spring and summer season, as most of the lawn care and gardening activities take place during this season within this country. Thus US electric lawn mower market is estimated at USD 3.3 Billion in 2022 and is forecast to surpass market valuation of USD 7.0 Billion by end of 2032, growing at an exciting rate of 7.3% during the forecast period.
In addition, North America electric lawn mower market is forecast to surpass USD 10.3 Billion in 2032 out of which ~71.7% share is forecast to be generated through US electric lawn mower market during the same year.
Professional landscaping services to stay at the forefront of electric lawn mower market for upcoming decade. Demand electric lawn mowers is expected to witness lucrative revenue-generating opportunities due to present trend of innovative landscaping practices.
Growing gardening services and landscaping practices, majorly in commercial areas increased the growth rate for garden equipment over past half-decade. Similar trend is anticipated to be noticed during the assessment period of 2022-2032. Continuous innovations in electric lawn mowers and eco-friendliness of lawn mowers acts as major drivers for this market.
Thus, comprehending the aforementioned factors, electric lawn mowers in professional landscaping services is projected to grow at 6.8% CAGR during 2022-2032 and is estimated to value around USD 6.1 Billion in 2022. This segment is projected to cover share around ~41.4% market valuation for electric lawn mowers by 2022 and is forecast to surpass market value of USD 13.3 Billion by 2032 end.
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The global electric lawn mower market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced electric lawn mower.
Fact.MR has provided detailed information about price points of top manufacturers of electric lawn mower market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
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The global value of electric lawn mower market is estimated to be worth over USD 14.8 Billion in 2022.
Value of electric lawn mower market in 2032 is forecast to surpass USD 27.4 Billion by 2032 end.
During 2017-2021, global electric lawn mower market grew at 4.1% CAGR.
Corded electric lawn mower is estimated to provide an absolute $ opportunity of USD 6.7 Billion during the forecast period (2022-2032).
North America topped the global electric lawn mower market by accounting around ~34% of its total market valuation in 2021.