Global Lawnmower Demand to Reach $8.3 Billion in 2021

Walk-behind mowers are the most common variation worldwide

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Apr 03, 2018, 09:15 ET

CLEVELAND, April 3, 2018 /PRNewswire/ -- Global demand for lawnmowers is forecast to grow 2.6% per year to $8.3 billion in 2021, accounting for 34% of the power lawn and garden equipment total. Growth will be driven by increasing construction of new single-family housing, as these products are infrequently replaced and a large share of demand is associated with new household formation. These and other trends are presented in Global Power Lawn & Garden Equipment, 6th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.

More information about this study is here: https://www.freedoniagroup.com/industry-study/global-power-lawn-garden-equipment-by-product-power-source-market-and-region-3640.htm

Product sales will continue to be heavily concentrated in North America and Western Europe, as these regions feature both high personal income levels and cultural preferences for maintained lawns. Together, these two regions will account for 88% of global sales growth through 2021, with the US alone accounting for over 60% of the increase. Developing regions will remain a small share of demand, although the Africa/Mideast region will post fast growth as income levels and housing construction rise.

Walk-behind mowers are the most common variation worldwide, owing to the inexpensive nature of these products. However, in many wealthy nations – particularly the US – the high price point of riding mowers makes them a larger share of demand in value terms. Robotic mowers represent a niche product at present, but they are rapidly gaining market share. Lawnmowers vary widely in price, as this category includes both products for residential use and products used by commercial landscapers.

Related studies include:

#3571 Lawn & Garden Watering Products Market in the US (October 2017)
#3565 Landscaping Products Market in the US, 5th Edition (October 2017)

About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Machinery & Equipment studies can be purchased at https://www.freedoniagroup.com/, www.marketresearch.com and www.profound.com.

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SOURCE The Freedonia Group