Technavio, a tech-focused market research firm, has published a new report on the global electric lawn mower market, which is expected to grow at a CAGR of close to 6% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global electric lawn mower market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global electric lawn mower market are elaborated below:
Electric lawn mower market in the Americas: The market for electric lawn mowers in the Americas is driven primarily by the increasing focus on landscaping and the need to provide aesthetic appeal to commercial and residential properties for official and recreational activities. Some of the key vendors that are providing high quality lawn mowers in the region include Deere & Company, Husqvarna, The Toro Company, and Greenworks Tools. Market research analysts at Technavio anticipate the electric lawn mower market in the Americas to account for almost USD 937 million in revenue by 2021.
According to Poonam Saini, a lead analyst at Technavio, specializing in research on retail goods and services, “Electric lawn mowers are widely used to maintain golf courses. As a result, ongoing increase in the number of golf courses in the region is translating into a rise in the demand for electric lawn mowers.”
Electric lawn mower market in EMEA: The growth of the electric lawn mower market in EMEA is likely to be driven by the increase in landscaping and construction activities in the region. Various countries are looking to invest more in developing green infrastructure solutions in the region. The Middle East Smart Landscape Summit 2017 is scheduled to be held in May 2017, and the development of green infrastructure in the countries in the Middle East is one of the agendas of the summit. Furthermore, the increasing adoption of green roofs in construction activities is also contributing to the demand for electric lawn mowers in the region.
Electric lawn mower market in APAC: APAC is projected to be the fastest-growing geographical segment of the global electric lawn mower market between 2017 and 2021. Factors such as the concept of going green coupled with the increasing interest in garden parties and organic backyard farming are the key factors fueling growth of the electric lawn mower market in the APAC region.
The leading vendors operating in the global electric lawn mower market are:
- Deere and Company
- Husqvarna
- RYOBI
- The Toro Company
Other prominent vendors in the market include BLACK+DECKER, Briggs & Stratton, EGO POWER+, Emak, Etesia UK, Greenworks Tools, Hitachi, Honda, Jacobsen, Makita, Remington, and STIHL.
A more detailed analysis is available in the Technavio report titled, ‘Global Electric Lawn Mower Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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