The robotic lawn mower market is projected to grow from the current $533 million to $1,262 million by 2025 at annual growth rates of around 13 percent, according to a new report by ResearchAndMarkets.com.
Increase in labor cost, safety concerns over traditional lawn mowers, and need for noise-free operation are some of the major factors that will drive the robotic lawn mower market.
Europe is expected to be the largest as well as fastest growing robotic lawn mower market during the forecasted period.
In Europe, most of the people stay in homes with lawns. And as the per capita income of the people in this region is on the higher side, they are willing to invest in robotic lawn mowers because it requires more time to maintain a lawn manually.
Moreover, as the annual landscaping services in Europe are costly in, more people with individual lawns are willing to buy robotic lawn mowers.
The robotic lawn mower market in Europe is the largest as well as the fastest growing.
Robotic lawn mower used for residential applications is expected to be the largest market.
The penetration of the robotic lawn mowers in the commercial segment is very low and is predominant only in the residential segment.
This market has the highest share, and the same is expected to continue during the forecasted period.
Apart from this, the overall lawn care industry is also growing continuously at a healthy annual growth rate, and this growth of the lawn care industry is because of the residential segment.
The large-sized robotic lawn mower is the fastest growing segment.
Large-sized robotic lawn mowers are generally used for commercial applications. This segment has very low penetration at present. But, advancements in technology and development of high capacity lawn mowers are the driving factors making this the fastest growing segment in the robotic lawn mower market.
People in Europe have traditionally invested a lot of time in creating and maintaining lawns. However, things are starting to change as a younger and more urban population starts to grow and flat dwelling becomes standard practice.
Those who do choose to keep a lawn and garden are typically a little bit older and rely on landscaping service of professionals which are very limited in Europe.
The demand for robotic lawn mowers is expected to increase further.