Global Powered Lawn Mowers Market Is Projected To Amass A Revenue Of Around US$ 2.1 Bn By 2032, Up From US$ 1.3 Bn In 2022 Moving Forward With A CAGR Of 4.7% | Data By FMI

in market •  2 years ago 

The market for powered lawn mowers is anticipated to reach US$ 2,155.0 million in revenue by 2032, up from US$ 1,366.0 million in 2022, with a CAGR of 4.7% over the forecast period.

To avoid the scruffy appearance of the lawns, the dusty old mower must be upgraded, which may be accomplished through a variety of technological advances. As a result, demand for motorised lawn mowers is rising. Traditional gas-powered lawn mowers, which also produce more noise and pollution than electric lawn mowers, required more storage space, which led to the development of cordless technological mowers.

The freedom to select the best lawn mowers for the size of gardens is another factor contributing to the increased sales of powered lawn mowers. Additionally, tiny gardens have a high need for powered lawn mowers, which can be either hand-operated or corded electric models, but medium-sized gardens should look into petrol-powered cordless or battery-operated mowers.

Market players who are adding new technologies to lawn mowers with extra features like bigger blades and variable speed technologies are shaping the market trends for powered lawn mowers. Market players are focusing on battery technologies including improved performance and cheaper rechargeable battery packs in order to build cordless mowers and satisfy the growing demand for mobility.

Over the next ten years, it is anticipated that additional important steps will be taken by governments in many nations to enable subsidiaries for the installation of powered lawn mowers. Over the forecast period, certain features, including battery indicators that let the user know how much power is still in the machine and even-cutting of any type of grass, are anticipated to propel the expansion of the powered lawn mower market.

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Dynamics of the Powered Lawn Mower Market

The need for powered lawn mowers is being greatly fueled by rising fuel prices, which are encouraging the development of battery-operated equipment. Additionally, powered lawn mower sales are increasing since they demand less garage storage space than electric lawn mowers and have fewer maintenance costs. They also include a no-pull cord start.

The size of the powered lawn mower market is expected to increase over the course of the next ten years due to features including a strong engine, a lightweight design, and a huge grass collector. Green roofs are becoming more and more popular in industrialised nations including the United States, the United Kingdom, Germany, Japan, and Canada in order to cool metropolitan environments, boost biodiversity, absorb air pollutants, and insulate buildings. This feature portends favourably for the development of the powered lawn mower market.

The prognosis for the powered lawn mower market is predicted to be adversely affected by batteries’ shorter run times, which only last for 40 to 70 minutes as opposed to gas-powered lawn mowers’ longer run times. Additionally, because electric powered lawn mowers have limited setting options and a laborious height adjustment, demand for powered lawn mowers may decline.

During the projected period, the expansion of the powered lawn mower market is anticipated to be hampered by the higher price of electric mowers compared to conventional gas mowers.

Which Region Is Anticipated To Dominate The Market For Powered Lawn Mowers?

The market for powered lawn mowers in North America is predicted to grow quickly, reaching a market share of 34.0% in 2022.

Geographically, this region includes both the US and Canada. As a result of the expansion of the home market, sales of electric garden tools, such as power lawnmowers, have surged nationally.

This feature is further fueling the demand for these goods in commercial settings, such as parks, public gardens, sports arenas,., which in turn affects the growth of the powered lawn mower market.

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Growth Outlook for the European Powered Lawn Mower Market

In 2022, it’s expected that Europe will account for 28% of the powered lawn mower market, with Russia, France, and the UK being some of the region’s most lucrative regions. One of the causes of this is that people in these countries love spending money on time-saving devices that prevent them from having to spend hours completing labor-intensive jobs like mowing the lawn or dragging a vacuum cleaner around their homes.

These three countries spend more than other European countries do on gas-powered lawn mowers in order to be able to mow larger areas than residential customers who spend less on gasoline-powered lawnmowers but still invest heavily in more expensive electric models due to high retail prices in this region.

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