Lawn mowers are an essential tool for maintaining a healthy and beautiful lawn. With the global market valued at around USD 23.85 billion in 2020, it is no surprise that there has been significant growth in this industry over the past few years. In this blog post, I will provide you with some general statistics related to lawn mower sales from reliable sources such as Fortune Business Insights and Grand View Research.
The first statistic states that gas-powered lawn mowers accounted for over 45% of the market share in 2020 while electric models are projected to grow at a CAGR of 5.6%. Additionally, robotic models have shown promising potential with 8.1% CAGR expected between 2021 and 2028 according to Grand View Research’s analysis on Lawn Mowers Market size & trends report (2020). Furthermore, North America accounts for 34% of the global market share while Asia Pacific region is predicted to display significant growth in terms of sales volume during next few years according to Fortune Business Insights’ research study titled “Lawn Mower Market Size – Global Industry Analysis Report”. Lastly, residential users account for more than 60 percent of total demand globally whereas self-propelled segment is estimated to register highest gains by 2028 due again per Grandviewresearch’s findings on Lawn Mower Market size & trends report (2020).
Lawn Mower Sales Statistics Overview
Gas-powered lawn mowers accounted for over 45% of the market share in 2020,
This statistic is a telling indication of the popularity of gas-powered lawn mowers in 2020. It demonstrates that the majority of consumers opted for this type of mower, making it the most sought-after product in the market. This statistic is important for understanding the current trends in lawn mower sales and can be used to inform future decisions about product development and marketing strategies.
The electric lawn mower segment is projected to grow at a CAGR of 5.6% between 2021 and 2028,
This statistic is a crucial indicator of the potential for growth in the lawn mower market. It suggests that the electric lawn mower segment is likely to experience a steady increase in sales over the next seven years, providing a lucrative opportunity for businesses to capitalize on. With this in mind, the blog post about lawn mower sales statistics can provide valuable insight into the current and future trends of the industry.
The robotic lawn mowers segment is expected to show the highest growth (8.1% CAGR) from 2021 to 2028,
This statistic is a clear indication that robotic lawn mowers are the future of lawn mowing. With an impressive 8.1% CAGR, it is evident that robotic lawn mowers are becoming increasingly popular and are likely to dominate the lawn mower market in the near future. This is great news for those looking to invest in the latest technology and stay ahead of the curve.
North America accounted for around 34% of the global lawn mower market share in 2020,
This statistic is a telling indication of the success of lawn mower sales in North America in 2020. It demonstrates that North America is a major player in the global lawn mower market, and that lawn mower sales in the region are thriving. This is an important piece of information for anyone interested in the lawn mower industry, as it provides insight into the current state of the market and the potential for future growth.
The Asia-Pacific region is predicted to display significant growth in lawn mower sales over the next few years,
This statistic is of great importance as it indicates that the Asia-Pacific region is likely to experience a surge in lawn mower sales in the near future. This could be a great opportunity for businesses to capitalize on the growing demand for lawn mowers in the region and increase their profits. Furthermore, it could also be beneficial for consumers as they will have more options to choose from when it comes to purchasing lawn mowers.
The U.S. is the largest market for lawn mowers in North America,
This statistic is significant in the context of a blog post about Lawn Mower Sales Statistics because it highlights the potential for growth in the industry. The fact that the U.S. is the largest market for lawn mowers in North America indicates that there is a large customer base for lawn mowers, which could be tapped into by businesses looking to increase their sales. Additionally, this statistic could be used to inform marketing strategies, as it provides insight into the size of the market and the potential for growth.
The residential user segment accounted for over 60% of the global market share in 2020,
This statistic is significant in the context of lawn mower sales statistics because it indicates that the residential user segment is a major driving force in the global market. This highlights the importance of targeting residential users when marketing lawn mowers, as they are likely to be the most receptive to the product.
The global market for self-propelled lawn mowers is expected to grow at a CAGR of 5.5% between 2021 and 2028,
This statistic is a crucial indicator of the potential for growth in the lawn mower market. It suggests that the industry is likely to experience a steady increase in demand over the next few years, which could be a boon for businesses looking to capitalize on the trend. Furthermore, it provides a valuable insight into the current state of the market, allowing businesses to plan their strategies accordingly.
From the statistics provided, it is clear that lawn mower sales are expected to grow significantly in the coming years. The global market for lawn mowers was valued at around USD 23.85 billion in 2020 and is projected to reach USD 38.24 billion by 2027, with gas-powered models accounting for over 45% of total sales. Electric and robotic models are also predicted to show strong growth during this period, while North America currently holds a 34% share of the global market and Asia-Pacific region is likely to experience significant growth as well. Residential users account for more than 60% of all purchases worldwide, with self-propelled units showing an impressive CAGR of 5.5%.
0. – https://www.www.grandviewresearch.com
1. – https://www.www.globenewswire.com