World Robotic Lawn Mower Market to See 17% CAGR by Revenue, Projects Beige Market Intelligence in In-demand Report Available at MarketPublishers.com24 Mar 2017 • by Natalie Aster
LONDON – Globally, the robotic lawn mower market is poised to post over 19% CAGR by volume and increase at 17% CAGR by revenue.
The key trend that the market for robotic lawn mowers has witnessed recently is a hike in the uptake of smart robotic technologies amongst end-users from pole to pole. Rising influence of Internet on buyer behaviour also has a prominent impact on the sales of robotic lawn mowers.
Amid the major factors fuelling the market expansion and growth one can name the decrease in time for housekeeping activities in tandem with the surging ageing population. Other drivers include increased marketing and promotional activities, along with the rapid development of the professional landscaping services industry.
However, high prices for robotic lawn mowers, and a hike the adoption of artificial grass are amid the key factors posing a challenge to the global robotic lawn mower marketplace.
Europe dominated the worldwide robotic lawn mower marketplace in 2016, and it is poised to keep on taking the lead. The regional market is anticipated to capture 54% and 56% of the total market, respectively, in terms of value and volume in 2022. In the USA, the demand for robotic lawn mowers is set to gain traction due to their eco-friendliness and that they require minimum human intervention.
Comprehensive research report “Global Robotic Lawn Mower Market – Strategic Assessment and Forecast 2017-2022” elaborated by Beige Market Intelligence offers a granular, insightful analysis of the present-day situation in the market on a global level. It provides detailed segmentation of the marketplace based on technology, distribution channels, and by geography.
The study provides historical and forecasted figures pertaining to the market size by revenue and volume, limelights the market dynamics, and contains Porter’s five forces analysis. Deep insights into the value chain of the marketplace are provided. The research offers an extensive overview of the prevalent market trends and their impact; discusses major market drivers and hindrances alongside their impact. For each market segment the report provides historical data and market size and forecasts, as well as examines the key growth hindrances and drivers. The study examines the competitive scenario and offers an all-encompassing analysis of the most prominent vendors and market shares, as well as examines other players with prominent presence in the marketplace.
More in-demand market research studies by the publisher can be found at its page.