The Europe Lawn Mower Market to Hit $12.11 Billion by 2027. Prospering Smart Cities Fueling the Market Growth - Arizton
The Europe lawn mower market was valued at $7.8 billion in 2021 and is expected to reach $12.11 billion by 2027.
Chicago, July 14, 2022 (GLOBE NEWSWIRE) -- According to the latest research report, the Europe lawn mower market is expected to grow at a CAGR of 7.46% during 2022-2027. The development of green spaces and green roofs is driving the demand for innovative lawn mowing equipment across Europe. The increasing use of commercial lawn mowers in golf courses, large parks and lawns are driving the deployment of new commercial technologies in lawn mowing equipment. Thus, all these factors are expected to fuel the market growth during the forecast period.
Europe Lawn Mowers Market Report Scope
REPORT ATTRIBUTES | DETAILS | |
MARKET SIZE (2027) | $12.11 Billion | |
MARKET SIZE (2021) | $7.8 Billion | |
CAGR (2022-2027) | 7.46% |
|
MARKET SIZE- VOLUME (2027) | 16484 thousand Units | |
BASE YEAR | 2021 |
|
FORECAST YEAR | 2022-2027 | |
LARGEST SHARE | UK | |
COUNTRIES COVERED | UK, Germany, France, Italy, Spain, Sweden, Netherlands, Belgium, Poland, Switzerland, Finland, and Austria |
Click Here to Download the Free Sample Report
Key Insights
The Europe lawn mowers market is expected to grow significantly at a CAGR of 6.82% by volume during the forecast period. UK, Germany & France are the key markets dominating the Europe lawn mowers market.
With sustainable practices integrated into landscapes in Europe, meaningful innovations in the space of battery technology are expected to grow more than ever. Therefore, the use of lithium-ion technologies is expected to grow at a rapid pace. Thereby supporting the demand for battery powered lawn mowers in the market.
Walk-behind lawn mowers dominate the Europe lawn mowers market in terms of volume and is expected to grow at a CAGR of 5.74% from 2021-2027.
The high gasoline prices in various European countries such as Norway, Finland, Iceland, and others due to the Russia and Ukraine conflict is expected to hamper the demand for gasoline-based lawn mowers in the respective markets.
The residential segment is expected to add a revenue of $2,566.53 million in the Europe lawn mowers market during the forecast period.
The government of various European countries are taking initiatives to boost the green cover across cities which is intended to boost the Europe’s lawn mowers industry. For instance, in 2021, Milton (a village in Austria) planned investments of more than $4 million for the construction of public parks to expand its shared outdoor spaces.
Husqvarna Group, KUBOTA Corporation, Stanley, Black & Decker, STIGA Group, and The Toro Company are some of the leading players dominating the Europe lawn mowers market. The market competition is expected to intensify further with an increase in product extensions, growth in technological innovations, and increase in merger and acquisitions.
Strategies Adopted by the Players in the Europe Lawn Mower Market
Several foreign players are expected to expand their footprint, which will make it increasingly difficult for regional vendors to compete with them, particularly in terms of technology and customer base. Arizton estimates that international players will develop inorganically in the future by acquiring regional or local players. Furthermore, businesses with stronger technological and financial capabilities will introduce innovative technologies in their products. However, such initiatives will render the products and services of other competitors as obsolete even before they recover their advertising and marketing costs. Furthermore, major vendors are investing in new cost-cutting and operating efficiency initiatives, such as maintaining direct material cost-out operations, right-sizing the supply chain footprint, reducing indirect material and logistics costs, and increasing revenue and operating spending performance.
Key Vendors
ARIENS CO
Deere & Co.
Honda
Husqvarna Group
Kubota Corporation
Robert Bosch
Stanley Black & Decker
STIGA Group
The Toro Company
Other Prominent Vendors
AGCO
Alfred Karcher SE & Co. KG
AL-KO Gardentech
Altoz
AS-Motor
Bobcat Company
Briggs & Stratton
Chervon Group
COBRA GARDEN
Einhell Germany AG
Emak S.p.A
Zicom
Generac Power Systems
Greenworks Tools
Grey Technology
Hangzhou Favor Robot Technology CO, Ltd
IHI Shibaura Machinery Corporation
iRobot
LG Electronics
Lineatielle
Makita
Mamibot
Masport
Milagrow HumanTech
Ningbo NGP Industry Co., Ltd.
Positecgroup
STIHL
SUMEC Group Corp.
Techtronic Industries
Textron Incorporated
The Grasshopper Company
The Kobi Company
Volta
WIPER SRL
YAMABIKO
Zipper Maschinen GmbH
ZHEJIANG TIANCHEN INTELLIGENCE & TECHNOLOGY CO., LTD
Zucchetti Centro Sistemi S.p.a
Product
Ride-On
Walk-Behind
Robotic
Fuel Type
Gasoline-Powered
Electric Cordless
Electric Corded
Manual-Powered
Propane-Powered
End-User
Residential
Professional Landscaping Services
Golf Courses & Other Sports Arenas
Government & Others
Drive Type
RWD
FWD
AWD
Manual Drive
Start Type
Key Start
Push Start
Recoil Start
No Start
Blade Type
Standard Blades
Mulching Blades
Lifting Blades
Cylinder Blades
Distribution Channel
Offline
Online
Region
Europe
UK
Germany
France
Italy
Spain
Sweden
Netherlands
Belgium
Poland
Switzerland
Finland
Austria
Explore our garden tools market profile to know more about the industry.
Click Here to Download the Free Sample Report
Read some of the top-selling reports:
Low HP Tractor Market - Global Outlook and Forecast 2018-2023
Germany Tractor Market - Industry Analysis & Forecast 2022-2028
France Tractor Market - Industry Analysis & Forecast 2022-2028
Brazil Tractors Market - Industry Analysis & Forecast 2022-2028
About Arizton:
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Click Here to Contact Us
Call: +1-312-235-2040
+1 302 469 0707
CONTACT: Arizton Advisory and Intelligence Call: +1-312-235-2040 +1 302 469 0707