- The key vendors in the power lawn mower market in China 2015-2019 are Husqvarna, Honda, LEO Group, Toro and Weibang Garden Machine.
London, 03 August 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the power lawn mower market in China 2015-2019. The manufacturers of power lawn and garden equipment are incorporating advanced technologies to enhance productivity. The introduction of robotic and battery-powered outdoor lawn mowers has increased sales on both a per-unit basis and overall market basis. Consumers prefer electric or battery-powered products because of environmental concerns and the high fuel prices associated with equipment powered by internal combustion engines. The power lawn mower market in China 2015-2019 is estimated to grow at a CAGR of 7.12% during 2014-2019.
Increase in construction along with a rise in disposable income, has meant that people are investing more in the beautification of gardens. The government’s investment in creating a greener environment and the promotion of gardening will increase the demand for power lawn mowers in the market during the forecast period.
“The use of terrain-specific equipment or machinery is essential to achieve convenience and cost efficiency; geographical variations play a key role in determining the performance of equipment,” says Faisal Ghaus, Vice President of Technavio Research.
“Manufacturers have introduced product lines with a battery pack that is compatible with multiple parts of equipment, allowing end-users to swiftly and easily switch among tasks without the need to monitor and maintain fuel tank levels.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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