What Is The Overview Of The Global Robotic Lawn Mower Market?
A robotic lawn mower refers to a self-operating device designed to trim grass without needing human oversight. These lawn mowers automate lawn maintenance tasks through autonomous operation and navigation, enhancing convenience and efficiency for users.
Robotic Lawn Mower Global Market Report 2024 provides data on the global robotic lawn mower market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Robotic Lawn Mower market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Projections Can We Expect For The Size And Growth Rates Of The Global Robotic Lawn Mower Market?
The robotic lawn mower market has demonstrated rapid growth, increasing from $2.32 billion in 2023 to $2.66 billion in 2024, achieving a compound annual growth rate (CAGR) of 15.1%. This growth in the historic period is attributed to rising consumer awareness about eco-friendly lawn care solutions, growing preference for automated lawn maintenance options amidst increasing labor costs, demographic shifts towards aging populations seeking convenient home maintenance solutions, and intensifying competition among manufacturers driving product innovation. Looking forward, the market is expected to continue its rapid growth trajectory, projected to reach $4.71 billion by 2028 with a CAGR of 15.3%. Future growth drivers include increasing IoT connectivity enabling smart lawn management solutions, rising disposable incomes driving consumer spending on robotic lawn mowers, growing demand for autonomous lawn care solutions in residential and commercial sectors, evolving consumer lifestyles favoring time-saving and technologically advanced lawn care options, and expansion into new geographical markets bolstering market penetration. Major trends anticipated in the forecast period encompass the emergence of new technologies enhancing robotic mower performance and reliability, advancements in AI-based technological solutions optimizing lawn care operations, the integration of IoT-enabled features enabling unmanned lawn maintenance capabilities, and ongoing efforts to incorporate cutting-edge technologies ensuring superior performance and user experience in robotic lawn mower designs.
What Are The Core Factors Supporting Growth In The Robotic Lawn Mower Market?
The increasing integration of smart homes is propelling growth in the robotic lawn mower market. Smart home integration involves connecting household devices to enable centralized control and automation through a single interface. This trend is driven by growing consumer awareness, demand for home automation, and concerns about home security. Robotic lawn mowers, integrated with smart home systems like smartphones and voice assistants, enable remote control and monitoring for efficient lawn maintenance. Statistics Canada reported a steady rise in the adoption of Internet-connected smart home devices in Canada, from 42% in 2020 to 47% in 2022. This integration trend is expected to drive the robotic lawn mower market's growth through 2023, 2024, and beyond.
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What Are The Major Segments Within The Global Robotic Lawn Mower Market?
The robotic lawn mower market covered in this report is segmented –
1) By Lawn Area: Small Sized, Medium Sized, Large Sized
2) By Technology: Non-Smart, Smart
3) By Distribution Channel: Offline, Online
4) By End-User: Residential, Professional Landscaping Services, Sports Field And Golf Courses, Other End Users
Which Trends Are Expected To Transform The Robotic Lawn Mower Market?
Major players in the robotic lawn mower market are focusing on advanced technologies, such as AI-driven robotic lawn mowers, to secure a competitive advantage. AI-based robotic lawn mowers utilize artificial intelligence to autonomously navigate, adapt, and operate in various lawn environments. For instance, in March 2024, Segway Inc., a US-based manufacturer of robotics and personal transportation, released the Navimow i Series robotic lawn mower. This model leverages sophisticated AI technology to improve mapping precision. The AI-driven assistant maps the lawn's edges and navigates autonomously across the entire area. Users can adjust and refine the working area via an app based on the AI assistant's map, ensuring optimal lawn maintenance.
What Is The Fastest Growing Region In The Robotic Lawn Mower Market?
Europe was the largest region in the robotic lawn mower market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic lawn mower market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
