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Lawn Mowers Market to Reach $53.71 Bn, Globally, by 2030 at 6.8% CAGR: Allied Market Research
Rise in consumer interest in gardening activities, use of lawn mowers to maintain public facilities, and surge in adoption of cordless lawn mowers drive the growth of the global lawn mowers market. On the other hand, high adoption of artificial turf restrains the growth to some extent. However, emergence of remote-controlled and GPS-equipped products is expected to create lucrative opportunities in the industry.
By equipment type, the ride-on mowers segment accounted for the highest market share in 2020, generating around three-fifths of the global lawn mowers market, due to its extensive use for non-residential applications. The robotic mowers segment, however, is anticipated to cite the fastest CAGR of 13.2% from 2021 to 2030. This is because it gives way to reduced requirement of labor enabled by remote control of operations.
By fuel type, the non-electronic segment generated the highest share in 2020, holding more than four-fifths of the global land mowers market. Rapid growth of the chemical and pharmaceutical industries propels the segment growth. The electronic segment, on the other hand, is expected to cite the fastest CAGR of 9.1% from 2021 to 2030. This is attributed to its ability to produce high purity nitrogen and high durability.
By region, North America contributed to the major market share in terms of revenue 2020, holding nearly half of the global lawn mowers market, owing to steady demand from residential users fueled by high per capita income and huge number of green spaces in North America . The Asia-Pacific region, simultaneously, is projected to cite the fastest CAGR of 10.4% from 2021 to 2030, due to increase in number of sports activities and rise in number of amusement & recreational parks in the province.
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