Demand for Eco-Friendly Electric Lawn Mower Is Surged with A CAGR of 6.3%, Owing To The Rising Technological Innovations In lithium-ions

Electric Lawn Mower Market Analysis by Product Type (Ride-On, Walk-behind, Robotic), by Mower Blade (Cylinder Blades, Mulching Blades, Standard Blades, Lifting Blades), by Cord Type (Corded, Cordless Electric Lawn Mower), by End-User & Region – Global Forecast 2022-2032

ROCKVILLE Md., Feb. 24, 2022 (GLOBE NEWSWIRE) — According to the latest report published by Fact.MR, 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.

Revenue share of electric lawn mower is likely to create an absolute $ opportunity of USD 7.8 Billion by reaching a market valuation of USD 15.6 Billion in 2032.

Rising Technological Innovations In The Electric Lawn Mower Industry Over The Forecast

Demand for electric lawn mowers – subdued in the past due to low battery life and inappropriate mowing capacity – has been gaining ground at a quick pace. Lawn mower manufacturers have been quick to assess end-user demand, and the market has witnessed launch of several electric variants that can rival gasoline based variants for longevity and precision. However, the report finds that high price of electric lawn mowers continues to be a deterrent.

Sensing the needs of end-users, manufacturers have launched electric lawn mowers across a range of power capacities. 500-1800W electric lawn mowers continue to be the highest selling variant, with ‘up to 500W’ also emerging as a lucrative segment. The report projects ‘up to 500W’ electric lawn mowers to grow at a slightly higher rate vis-à-vis 500-1800W variants, however the latter will reign supreme – both in terms of volume and value throughout the assessment period.

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What are the key statistics of the Electric Lawn Mower market in the U.S.?

The report finds that the US is the largest electric lawn mower market globally. Adoption of these lawn mowers in the US is driven in part by broader shift towards electrification, and in part by increasing efforts by individuals to reduce carbon footprint. The lucrativeness of the US means that North America continues to be the most lucrative market for electric lawn mowers – both in terms of value and volume.

Global Electric Lawn Mower Market Segments

• By Product Type :
  • Ride-On
    • Standard Ride-on
    • Zero-turn
    • Lawn Mowers
    • Garden Mowers
  • Walk-behind
    • Self-propelled
    • Push
    • Hover
  • Robotic
• By Mower Blade Type :
  • Cylinder Blades
  • Mulching Blades
  • Standard Blades
  • Lifting Blades
• By Cord Type :
  • Corded
  • Cordless
• By End-User :
  • Residential Users
  • Professional Landscaping Services
  • Golf Courses
  • Others
• By Region :
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

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Which segment has the largest share in the Electric Lawn Mower Industry?

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. 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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Key Companies Operating in the Electric Lawn Mower Market

• Husqvarna
• Robert Bosch GmbH
• Ryobi
• The Toro Company
• Deere & CO.
• Black & Decker
• Honda
• Hitachi
• Makita
• GreenWorks Tools

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