Global Electric Lawn Mower Market 2017-2021
About Electric Lawn Mower
Electric lawn mowers are used to maintain lawn areas by mowing and mulching the grass. These mowers are powered by electricity or batteries
Technavio’s analysts forecast the global electric lawn mower market to grow at a CAGR of 5.79% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global electric lawn mower market for 2017-2021. To calculate the market size, the report considers the sales of new units of electric lawn mower to end-users such as commercial landscapers and gardeners and residential consumers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Electric Lawn Mower Market 2017-2021
Technavio recognizes the following companies as the key players in the global electric lawn mower market: Deere and Company, Husqvarna, RYOBI, and The Toro Company.
Other Prominent Vendors in the market are: BLACK+DECKER, Briggs & Stratton, EGO POWER+, Emak, Etesia UK, Greenworks Tools, Hitachi, Honda, Jacobsen, Makita, Remington, and STIHL.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is new electric mower technology. The manufacturers of commercial electric land mowers are looking to incorporate new mowing technologies to improve productivity and end-user experience. The introduction of innovative electric lawn mower technologies such as the robotic mowing technology has revolutionized the global market. Manufacturers such as Husqvarna, Honda, and Deere & Company provide robotic lawn mowers, particularly targeted toward the residential end-users. These mowers can mow backyards and garden spaces without any supervision.”
According to the report, one of the major drivers for this market is increasing popularity of green roofs. Economic growth around the world has led to industrialization, which has created various environmental problems; global warming is one among these critical environment problems. Global warming is happening at an alarming rate due to various factors such as population growth, industrialization, and growing number of vehicle usage. Green roofs have been introduced as an efficient solution to this problem. Various countries are adopting the concept of green roofs which involves covering the roofs of newly constructed buildings with vegetation and various small and medium sized plants.
Further, the report states that one of the major factors hindering the growth of this market is increase in raw material prices. Essential raw materials required for manufacturing electric lawn mowers include steel, rubber, and plastic. As these raw materials are commodities, their prices are subject to fluctuations. For instance, during 2014-2016, there was a downward pressure on the prices of iron ore due to oversupply. However, during the forecast period, the demand for steel is expected to increase in most regions worldwide. In 2016, the demand for steel from the infrastructure and real estate industry was robust in China; this can cause the steel prices in China to increase in 2017. Globally, the price of steel is expected to grow at a CAGR of 5% during the forecast period.
Deere and Company, Husqvarna, RYOBI, The Toro Company, BLACK+DECKER, Briggs & Stratton, EGO POWER+, Emak, Etesia UK, Greenworks Tools, Hitachi, Honda, Jacobsen, Makita, Remington, and STIHL.