The global electric lawn mower market is estimated to register a noteworthy CAGR over the forecast period (2020-2028), owing to various factors such as low levels of noise present in electric lawn mowers as compared to others. Moreover, mowing the lawn could be much smoother and in a planned way by the user. The speed of the electric lawn mowers also can be adjusted without halting the mower, which helps the users to mow the lawn at the speed at which the user is comfortable. These factors are anticipated to drive the demand for electric lawn mowers globally over the forecast period.
Research Nester has released its report titled “Electric Lawn Mower Market: Global Demand Analysis & Opportunity Outlook 2020-2028” that delivers detailed overview of the global electric lawn mower market in terms of market segmentation by product, type, application, blade type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global electric lawn mower market is anticipated to observe noteworthy growth, owing to the rising number of individuals becoming conscious of the environment and its adverse impacts over the past decade throughout the world and the high operational costs of using gasoline powered lawn mowers that is driving the demand for electric lawn mowers. Moreover, the frequent fluctuations in the cost of gasoline as well as high cost of maintenance of gasoline powered lawn mowers as compared to electric lawn mowers is anticipated to drive the demand for electric lawn mowers over the forecast period.
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However, some of the factors are anticipated to hinder the growth prospects of the market are that electric lawn mowers are expensive and unaffordable for the majority of the population across the globe. Additionally, mowing a yard on a single battery charge may be difficult using electric lawn mowers, which could require the user to keep a back up of additional battery that is expensive for the user or the user may have to wait for an extra hour for the mower to recharge completely before its re-use which could irritate and cause discomfort to the user. These factors are anticipated to operate as major restraints to the growth of the market over the forecast period.
The global electric lawn mower market comprises of four segments which are segmented by product, type, application and blade type. The corded lawn mower falling under type segment is estimated to hold the highest market share, owing to equipment being priced at a comparatively lower cost in comparison to gasoline powered lawn mower, though the presence of electric cable that has wires along with the equipment may interfere and might get stuck sometimes in the process of mowing, which requires careful supervision while mowing the lawn.
This report also provides the existing competitive scenario of some of the key players of the global electric lawn mower market which includes company profiling of key companies such as Deere and Company (NYSE: DE), Husqvarna Group, Ryobi Limited (TYO: 5851), The Toro Company (NYSE: TTC), Briggs & Stratton Corporation (NYSE: BGG), Robert Bosch GmbH, Andreas STIHL Limited, MTD Products, Inc., Honda Motor Company Limited (TYO: 7267, NYSE: HMC) and Makita Corporation (TYO: 6586).
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The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global electric lawn mower market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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