![]() ![]() Additionally, strong performance of the key players in the developed countries within North America and Europe provides an evident growth and bolstering opportunities of automated products sales due to the ever-increasing range of target customer base in the market. For instance, as per the data provided by GfK SE, in 2016, the applications of robotic lawn mowers operated and maneuverer using smartphones were estimated to be around 50% among the global market of automated lawn mowers. The increased interest of customers in the use of organic products in gardening and subsequent emphasis on the use of smart tools to promote smart gardening operations might substantiate the sales of automated mowers globally. High Influx of Customers toward Smart and Organic Gardening is Providing New Growth Opportunities The wide range of patents accumulated by the company ranges from computer-vision-based multi-sensor indoor positioning techniques to self-balancing control technologies integration, which can elevate the level of automation and artificial intelligence embedded in automated mowers to a new level. The company is already having an exhaustive set of market patents with more than 1,774 market patents registered under its portfolio. The company will also strategically advance in the market using established retailing systems, which will provide it an upper hand in supply chain operations, thereby offering it a chance to maneuver the market operations and cross-border trade from China. The company is trying to leverage its strong research and development infrastructure to develop and market innovative products. For instance, in 2021, China based company, Segway-Ninebot, is trying to venture into the market with promising future prospects. By analyzing the diverse growth opportunities in the global market, numerous companies operating in multiple regions are keen to venture into the market. These technological advancements in robotic lawn mower products is set to fuel decent market growth across regions. These key market players are making hefty investments in R&D operations. ![]() The prominent and established manufacturers operating within the markets are keen towards development of innovative products in diverse regions within the market. Request a Free sample to learn more about this report.ĭevelopment of AI integrated, IoT Enabled Unmanned Lawn Mowers to Create Lucrative Opportunities Thus, considering the long term market prospects, COVID-19 is expected to have a limited effect on the market progression. However, after the initial hurdles the market slowly regained the development phase and gained a healthy growth pace. The disruption in the global supply chain at due to stringent restrictions in the initial phase of pandemic further plummeted development of the market. The extended staying at home encouraged lot of customers to turn toward home gardening, which, in turn, helped to elevate sales of smart gardening equipment. ![]() However, demand side of the market projected exactly opposite scenario. Additionally, reduced import export activities and restrictions on trade due to surge in infection hampered the supply side operations of the market. Prominent economies witnessed a major downfall due to sudden halt in economic operations which subsequently led to decrement in manufacturing activities creating scarcity of product availability in the market. Increased Time Spent Indoors Due to Pandemic Has Increased Traction of Customers Towards Lawn Maintenance and Gardening. Additionally, the development of novel technologies and high-end products is expected to fuel the market growth. This is backed by the rising income level of end-users, growing demand for robotic lawn mower is being witnessed to enhance the aesthetics and user experience. The growing prominence of lawn maintenance and gardening activities in plush areas is anticipated to drive the market at a noteworthy pace. The sudden fall in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over. Based on our analysis, the global market exhibited a stellar growth of 13.6% in 2020 as compared to the average year-on-year growth during 2017-2019. The global impact of COVID-19 has been unprecedented and staggering, with robotic lawn mower witnessing a positive impact on demand across all regions amid the pandemic. The global robotic lawn mower market size was USD 1.29 billion in 2020 and is projected to grow from USD 1.48 billion in 2021 to USD 4.04 billion in 2028 at a CAGR of 15.5% during the 2021-2028 period.
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