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Global Lawn Mower Market

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kalpesh rajput
Global Lawn Mower Market

Global Lawn Mower Market was valued $28.5 Bn in 2019 and is expected to reach $42 Bn by 2026, at a CAGR of 5.5% during the forecast period.

Global Lawn Mower Market Introduction

A lawn mower is a machine that has blades on it lawn mowers are used to trim or cut grass to an even height. For sharp cutting, these blades rotate on a horizontal or vertical axis. It is available in two types: push mowers and non-push mowers, and is suitable for both commercial and residential gardens and lawns.

Global Lawn Mower Market Dynamics

The rising demand for gardens and lawns are major growth factor in the industry. With high construction rates in emerging economies such as China and India, Asia Pacific is projected to lead the global market in terms of growth rate in the coming years. The increase in new home sales is also increasing industry revenue.The high adoption rate of mowers in Europe, especially in Germany is estimated to boost the market growth in the region in the forecast period. Companies that offer landscape maintenance and lawn care make up the landscaping services industry in the United States. In 2019, the industry is expected to produce an aggregate profit margin of just over 99 Bn dollars, with an average household spending of 503 dollars on lawn care and gardening activities. Over the last six years, the industry has grown, with total revenue increasing from an estimated 69.8 Bn U.S. dollars in 2013, thereby boosting the market for lawnmowers.

Global Lawn Mower Market Segment Analysis

The global market for Ride-on Mowers is expected to rise significantly during the forecast period, owing to rising demand for landscaping from both commercial and residential areas. Landscaping is in high demand because it adds architectural value to both residential and commercial properties. Gardening is one of the most common recreational activities in the United States. According to the National Gardening Association, over 90 million households in the United States engage in some kind of garden or lawn activity. Rising demand for lawns and gardens is expected to drive demand for gardening equipment, contributing to the global Ride-on Mower segment during the forecast period. In 2019, the residential segment was worth more than USD XX billion, and it is expected to grow at the fastest rate during the forecast period. End users from diverse socioeconomic backgrounds in various regions often enter into agreements with landscapers for the maintenance of their gardens. The demand for professional mowers in the residential sector has increased. In addition, the segment is expected to expand due to an increase in demand for landscaping services in developed economies, such as the United States, and rising residential construction activities in emerging economies.Global Lawn Mower Market To know about the Research Methodology :- Request Free Sample Report

Global Lawn Mower Market Regional Insights

Global Lawn Mower Market Regional InsightsThe lawn mower industry in North America has the largest market share, with the United States taking the lead, followed by Europe. The demand for lawnmowers has also increased in East Asian countries. During the forecast period, China is expected to expand significantly because of the growing landscaping affluence in Japan. The lawnmower market in South Asian countries, primarily India and South Korea is also growing rapidly and is expected to remain stable over the forecast period. Because of its strong agriculture sector, the Indian economy is expected to dominate the market. The demand in European countries is also gaining pace at a robust rate.

Global Lawn Mower Market Report Scope: Inquire before buying Global Lawn Mower MarketGlobal Lawn Mower Market, by Region

• North America • Europe • South America • MEA • Asia Pacific

Global Lawn Mower Market Key Players

• Andreas Stihl AG & Co. KG • Deere & Company • Hitachi, Ltd. • Honda Motor Co., Ltd. • Husqvarna Group • MTD Products • Robert Bosch GmbH • Stiga S.p.A • The Toro Company • Textron • Robomow Friendly House • AriensCo • Briggs & Stratton Corporation • Kubota Corporation • Intimidator Group

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