Dublin, Nov. 16, 2023 (GLOBE NEWSWIRE) -- The "Electric Lawn Mowers Market - Forecasts from 2023 to 2028" report has been added to ResearchAndMarkets.com's offering.
The report is forecasting significant growth from 2023 to 2028. With a starting value of US$16.623 billion in 2021, the electric lawnmowers market is expected to expand at a CAGR of 5.63% during the forecast period, reflecting the increasing adoption of these eco-friendly, cost-effective lawn care solutions.
Key Market Insights and Drivers:
- Eco-Friendly and Cost-Effective: The shift towards electric lawn mowers is driven by their lower operating and maintenance costs. Unlike traditional mowers, they eliminate the need for fuel, making them a more economical choice in the long run.
- Rising Environmental Awareness: Growing consumer consciousness about the environment plays a significant role in this market's expansion. Electric mowers produce zero emissions, aligning with the increasing preference for sustainable lawn care practices.
- Technological Advancements: Innovations in electric mower technology, particularly in battery life and cutting performance, have enhanced their efficiency, making them a compelling choice for consumers.
Market Opportunities and Challenges:
- Competition and Accessibility: While electric mowers are gaining traction, they face competition from traditional gas mowers known for their power and capacity. Additionally, their dependency on electricity access poses a limitation in certain areas.
- Vendor Landscape: Prominent companies in the market include EGO Power+, Ryobi, Deere & Company, Honda, BLACK+DECKER, and Robert Bosch GmbH, each offering a range of products tailored to diverse lawn care needs.
Segmentation and End-User Insights:
- Diverse Product Range: The market offers various types of electric mowers, including walk-behind, sit-and-ride, and stand-on models, equipped with different blade types like cylinder, mulching, standard, and lifting blades.
- Residential Focus: A significant portion of the market demand stems from the residential sector, driven by the expanding population and the consequent need for new housing and infrastructure development.
Regional Dynamics:
- North American Market: The United States and Canada are key players in this market, with their focus on environmental benefits and ease of use.
- European Transition: Europe leads in adopting electric lawn mowers, supported by strict emission regulations and green gardening practices.
- Asia-Pacific Growth: Countries like Japan, China, and South Korea are increasingly embracing electric lawn mowers, fueled by urbanization and environmental initiatives.
Company Profiles
- Deere & Company
- Honda Motor Co., Ltd.
- Husqvarna
- MTD Products
- Robert Bosch GmbH
- STIGA
- The Toro Company
- Cub cadet
- Ryobi
- DEWALT
For more information about this report visit https://www.researchandmarkets.com/r/clpwhp
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