NEWARK, Del, Aug. 31, 2023 (GLOBE NEWSWIRE) -- According to a Future Market Insights (FMI) report, Powered Lawn Mower manufacturers are well-positioned to profit from the anticipated revenue with a promising CAGR of 4.5% during the forecast period. The overall Powered Lawn Mowers Market is anticipated to generate over US$ 2,323.8 Million in sales by 2033, up from US$ 1,496.3 Million in 2023.
The surge in sales of Powered Lawn Mowers is attributable to rising gardening and lawn-making activities along with an increased emphasis on lawn care. To meet clients' unique needs, manufacturers are now providing a variety of alternatives, such as varying cutting widths, adjustable heights, and different attachments.
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Innovations in technology have completely changed how lawnmowers work, allowing for more accurate cutting, efficient energy usage, and improved user ease. Additionally, producers strongly emphasize sustainability and environmental friendliness in all equipment and machinery to contribute to the ecological cause.
In particular, there is a growing market for electric-Powered Lawn Mowers as environmental concerns become more widely known in emerging economies. Compared to conventional gas-powered versions, electric-Powered Lawn Mowers are quieter, generate fewer pollutants, and require much less maintenance throughout their lifetime.
Key Takeaways from the Powered Lawn Mowers Market Study Report:
- The United States holds a dominant share of the global market, contributing 28.3% of the total revenue generated in 2022.
- In Europe, Germany is the leading manufacturer of Powered Lawn Mowers and held a global market share of 6.2% in 2022.
- The demand for Powered Lawn Mowers in the United Kingdom is anticipated to continue at 3.5% from 2023 to 2033.
- India is the emerging market for Powered Lawn Mowers and is anticipated to capture a CAGR of 5.7% through 2033.
Powered Lawn Mowers Market Research Report Coverage:
| Report Attribute | Details |
| Growth Rate | CAGR of 4.5% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ Million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
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Competitive Landscape for the Powered Lawn Mowers Market Players:
American Lawn Mower, Unison Engg, Rank Engineering, Husqvarna, D&D Moto, Hayter, MEAN GREEN, CHP, GGP, and Hayter are some top players in this market. Additionally, new players are emerging and improving their positions in developed and emerging countries by growing their distribution networks. Forming strategic alliances with nearby dealers, online merchants, and home improvement businesses is a prominent strategy all players adopt.
Manufacturers of Powered Lawn Mowers have been actively expanding their operations to take advantage of recent cutting-edge technology developments. They are integrating Internet of Things (IoT) connection, robotic automation, and superior material into their products to gain a competitive edge over their rivals. Moreover, producers are focusing on research and development to enhance the efficiency and robustness of lawn mowers to fulfill the changing demands of consumers.
Recent Developments by the Powered Lawn Mowers Manufacturing Industries:
In mid-2022, Honda unveiled its new self-propelled HRG536X lawn mower with additional features. It has a brushless electric motor, which is more effective and silent than conventional gasoline engines. Additionally, it offers a variety of safety features, including a safety key and a blade brake.
In 2021, Toro unveiled its new category of SmartStowTM technology lawn mowers. These new types of lawn mowers can now be folded and stored upright, saving room in the garage.
In July 2020, EGO made their Power+ 56V cordless lawnmowers available in the market. EGO 56V batteries, which have a duration of up to 75 minutes, are used to power this mower. It also boasts several user-friendly features, including a self-propelled motor and variable speed control.
About the Industrial Automation Division at Future Market Insights (FMI):
Expert analysis, actionable insights, and strategic recommendations – the industrial automation team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs.
With a repertoire of over 1,000 reports and 1 Million+ data points, the team has analyzed the industrial automation domain lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Key Segments Profiled:
By Material Type:
- Steel
- Polymer
- Polypropylene
By Source of Power:
- Gas-Powered
- Electric-Powered
- Battery-Powered
By Cutting Systems:
- Reel Mowers
- Rotary lawn mowers
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- The Middle East and Africa
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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