by Corinne Gangloff
September 27, 2019
The US and Western Europe will continue to drive expansion in the global power lawn and garden equipment market, which is forecast to grow 2.6% through 2023 to $26.4 billion. Among the strongest growth opportunities in these highly developed regional markets will be:
Battery-powered equipment to increase market share over alternative types worldwide
Advances in battery technology will drive the robust growth anticipated for battery-powered lawn and garden equipment through 2023. In particular:
In addition, sales will be boosted by rising penetration of robotic mowers, which typically run on battery power.
Will robotic mowers catch on across the pond?
While robotic mowers are abundant in Western Europe – supported by the small average residential yard sizes characteristic of the region – their prospects in the US remain contingent on the ability of brand owners to successfully market these products.
For example, the rising popularity of smart home devices with US consumers could create opportunities to position robotic mowers as an essential component of the smart home ecosystem, particularly as market leaders such as Deere and Stanley Black & Decker continue to integrate smart technologies with their physical product lines.
Looking for more?
Global Power Lawn & Garden Equipment, a new study from The Freedonia Group, analyzes the global power lawn and garden equipment market, presenting historical demand data (2008, 2013, and 2018) and forecasts for 2023 by product group (lawn mowers, turf & ground mowers, chainsaws, trimmers & edgers, other power lawn & garden equipment, parts & attachments), product type (engine-driven, battery-powered, corded electric), market (residential, commercial), global region (North America, Central & South America, Western Europe, Eastern Europe, Asia/Pacific, Africa/Mideast), and selected major national market. International trade and pricing data are also included. In addition, the study provides market share and analyzes key global industry participants, such as Deere, Husqvarna, MTD Products, Toro, and others.
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