The global electric lawn mower market to grow at a CAGR of 5.79% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global electric lawn mower market for 2017-2021. To calculate the market size, the report considers the sales of new units of electric lawn mower to end-users such as commercial landscapers and gardeners and residential consumers. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is new electric mower technology. The manufacturers of commercial electric land mowers are looking to incorporate new mowing technologies to improve productivity and end-user experience. The introduction of innovative electric lawn mower technologies such as the robotic mowing technology has revolutionized the global market. Manufacturers such as Husqvarna, Honda, and Deere & Company provide robotic lawn mowers, particularly targeted toward the residential end-users. These mowers can mow backyards and garden spaces without any supervision.
According to the report, one of the major drivers for this market is increasing popularity of green roofs. Economic growth around the world has led to industrialization, which has created various environmental problems; global warming is one among these critical environment problems. Global warming is happening at an alarming rate due to various factors such as population growth, industrialization, and growing number of vehicle usage. Green roofs have been introduced as an efficient solution to this problem. Various countries are adopting the concept of green roofs which involves covering the roofs of newly constructed buildings with vegetation and various small and medium sized plants.
Further, the report states that one of the major factors hindering the growth of this market is increase in raw material prices. Essential raw materials required for manufacturing electric lawn mowers include steel, rubber, and plastic. As these raw materials are commodities, their prices are subject to fluctuations.