Dublin, Nov. 13, 2023 (GLOBE NEWSWIRE) -- The "Europe Robotic Lawn Mower Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The European robotic lawn mower market is experiencing significant growth, with a current valuation of $702 million in 2022 and an expected rise to $1,401 million by 2028, progressing at a CAGR of 12.1%.
Growth Drivers and Market Trends
- Increased Efficiency through AI: The integration of AI in daily activities has elevated the demand for robotic lawn mowers in Europe.
- Connectivity and Control: Advancements in smartphone and wireless device usage have bolstered market growth, enabling remote lawn mower operation.
- Rising Living Standards: Higher disposable incomes in Europe are enabling consumers to invest in advanced domestic robots, including robotic lawn mowers.
- Private Residential Spaces: The prevalence of private lawns in European homes supports the growing demand for these autonomous gardening solutions.
- Commercial Sector Automation: Businesses are increasingly automating maintenance tasks, including lawn care, contributing to market expansion.
Technological Innovations and Market Dynamics The market is being transformed by the introduction of robotic lawn mowers with leading-edge features like smart navigation and laser vision. Key factors influencing this trend include:
- Busy consumer lifestyles
- An aging population
- Increasing labor costs
- The rise of smart homes and automated products
- Growth in smart housing construction that favors landscaping services
Market Segmentation Insights The comprehensive report on the Europe robotic lawn mower market is categorized by various segments:
- By Lawn Size: Small, Medium, Large
- By End-User: Residential, Commercial, Others
- By Technology: Smart Robotic Lawn Mower, Simple Robotic Lawn Mower
- By Distribution Channel: Specialty Stores, Online, Others
- By Country: Germany, France, United Kingdom, Italy, Spain, Others
Competitive Landscape and Key Players The competitive analysis in the report covers prominent industry players such as AL-KO Kober SE, Alfred Karcher SE & Co. KG, E. ZICOM, Honda Power Equipment, Husqvarna Group, MTD Products Inc., Robert Bosch GmbH, STIGA, Yamabiko Europe, Zucchetti Centro Sistemi among others. These market leaders are benchmarked based on their product offerings, strategies, and recent developments.
Report Insights and Key Questions Addressed
- Performance of the market to date and future projections
- The COVID-19 pandemic's impact on the market
- Detailed country-wise market segmentation
- Driving factors and challenges facing the market
- Market structure and key player analysis
- Competition degree within the market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 134 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $702 Million |
| Forecasted Market Value (USD) by 2028 | $1401 Million |
| Compound Annual Growth Rate | 12.2% |
| Regions Covered | Europe |
For more information about this report visit https://www.researchandmarkets.com/r/g52mh6
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