Commercial Lawn Mower Market Size to Reach Revenues of Over $10 Billion by 2020 - Arizton
CHICAGO, July 13, 2020 /PRNewswire/ -- Commercial lawn mower market size is expected to grow at a CAGR of over 4% during the period 2019?2025.
Key Highlights Offered in the Report:
The global commercial lawn mower market would realize an absolute growth of around 43% in revenue between 2016 and 2025.
The global commercial lawn mower market would realize an absolute growth of around over 40% in unit shipment between 2016 and 2025.
The market revenue will reach over $10 billion in 2020, registering a slow YoY growth of over 1% from 2019 owing to the COVID-19 pandemic but overall, the market is expected to witness a CAGR of over 4% during the forecast period.
Registering a high CAGR of around 25%, the commercial lawn mower segment will contribute over $174 million incremental revenue during 2019-2025.
North America will continue its market dominance during the forecast period, expected to reach over $5 billion on 2025.
APAC is expected to witness strong traction in demand for commercial lawn mowers solutions during the forecast period with a CAGR of over 5% in revenue terms
Key Offerings:
Market Size & Forecast by Revenue | 2019?2025
Market Dynamics ? Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation ? A detailed analysis by product, end-user, fuel type, other types, and geography
Competitive Landscape ? 8 key vendors and 49 other vendors
Walk-behind mowers have been a preferred choice in the landscaping market owing to the perception that they translate to fewer emissions and lower fuel use. Industrial gardens, residential gardens, public parks, industry, and institution gardens are the major end-users.
The gas-powered segment dominated the commercial lawn mower market shares in terms of revenue and unit shipment in 2019. The increasing demand for lawn and yard landscaping will help the segment to gain some market share during the forecast period. Gas-powered equipment has been conventionally used at a large-scale globally and are de-facto choice among landscapers as they are versatile.
The golf course segment is expected to reach over $2 billion by 2025. The US has the world's largest golf industry. There is tremendous scope for selling lawn mowers in Japan as the country has half of the golf courses in APAC. The global golf industry's eastward change over the last two decades has been drastic.
Commercial Lawn Mower Market by Product
Walk-behind
Self-propelled Mowers
Push Mowers
Hover Mowers
Ride-on
Standard Ride-on
Zero-turn
Lawn Tractors
Garden Tractors
Robotic
Commercial Lawn Mower Market by Type
Gas-powered
Propane-Powered
Electric-corded
Electric-cordless
Commercial Lawn Mower Market by End-user
Professional Landscaping Services
Golf Courses
Government & Others
Commercial Lawn Mower Market by Other Type
Blade Type
Cylinder
Standard
Mulching
Lifting
Drive Type
AWD
FWD
RWD
Start Type
Keyed Start
Push Start
Commercial Lawn Mower Market ? Geography
North America is expected to have a large share of the global demand for commercial lawn mowers. A growing number of policy schemes and programs for growing greenery in public spaces is projected to have a significant effect on the global commercial lawn mower market in the US. Several commercial clients will probably opt for environmentally friendly methods to support their sustainability efforts. Several industry players emphasize the implementation of environmentally sustainable alternatives that produce fewer toxic emissions as well as superior and improved efficiency.
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