Cordless Electric Lawn Mower Market is Expected to Grow at a CAGR Value of 6.6% During Forecast Period 2021-2031

250 Pages Cordless Electric Lawn Mower Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

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The report offers actionable and valuable market insights of Cordless Electric Lawn Mower. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Cordless Electric Lawn Mower Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Cordless Electric Lawn Mower market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Cordless Electric Lawn Mower

This newly published and insightful report sheds light on Market Insights of Cordless Electric Lawn Mower, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Cordless Electric Lawn Mower Market.

Cordless Electric Lawn Mowers are catching the imagination of a rapidly growing ‘environmentally-conscious’ demographic. Demand is also positively influenced by significant upgrades in battery power and precision cutting. On the coattails of these factors, global sales are likely to surpass 10 million units in 2019, equating a market value in the vicinity of US$ 9 Bn.

Demand for Cordless Electric Lawn Mowers – subdued in the past due to low battery life and inappropriate mowing capacity – has been gaining ground at a quick pace. Lawn mower manufacturers have been quick to assess end-user demand, and the market has witnessed launch of several electric variants that can rival gasoline based variants for longevity and precision. However, the report finds that high price of Cordless Electric Lawn Mowers continues to be a deterrent.

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Electric Lawn Mowers Going Cordless
A notable trend witnessed in the market is the steady shift from corded Cordless Electric Lawn Mowers to cordless variants. Corded Cordless Electric Lawn Mowers prevent free maneuver, and are inconvenient to use than cordless Cordless Electric Lawn Mowers.

Although corded Cordless Electric Lawn Mowers still outsell cordless variants, the latter will grow at a higher rate during the assessment period.

Seasonality: A Key Influencing Factor
In addition to the all the above mentioned factors, Cordless Electric Lawn Mower sales are also massively influenced by seasonality.

Cordless Electric Lawn Mower sales are usually concentrated in the spring and summer season, as most of the lawn care and gardening activities take place during this season.

Cordless Electric Lawn Mowers are used for both residential and commercial applications, however, their penetration has remained limited in the latter owing to the limitations in mowing large lawns. The report finds that although manufacturers have made upgrades to existing battery powers, gasoline electric mowers remain the preferred choice for large lawns. Demand from residential segment accounted for nearly 80% volume share of the market in 2017.

The report finds that the US is the largest Cordless Electric Lawn Mower market globally. Adoption of these lawn mowers in the US is driven in part by broader shift towards electrification, and in part by increasing efforts by individuals to reduce carbon footprint. The lucrativeness of the US means that North America continues to be the most lucrative market for Cordless Electric Lawn Mowers – both in terms of value and volume.

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Sensing the needs of end-users, manufacturers have launched Cordless Electric Lawn Mowers across a range of power capacities. 500-1800W Cordless Electric Lawn Mowers continue to be the highest selling variant, with ‘up to 500W’ also emerging as a lucrative segment. The report projects ‘up to 500W’ Cordless Electric Lawn Mowers to grow at a slightly higher rate vis-à-vis 500-1800W variants, however the latter will reign supreme – both in terms of volume and value throughout the assessment period.

Robotic Cordless Electric Lawn Mowers are likely to witness impressive growth rates, albeit from a small base. Robotic Cordless Electric Lawn Mowers are expensive, which has led to sales concentration among specific demographics. However, as manufacturers focus on reducing the overall price on the back of technological innovations, uptake is likely to grow at a brisk pace. Although robotic Cordless Electric Lawn Mowers represent an emerging opportunity, ‘walk behind’ Cordless Electric Lawn Mowers will remain the highest selling product throughout the assessment period. The dominance of this segment can be gauged from the fact that 80% of all Cordless Electric Lawn Mowers sold in 2017 were ‘walk behinds’.

The report finds that consumers prefer to shop for Cordless Electric Lawn Mowers in conventional retail stores, whereas online sales have started to complement demand. 70% of all Cordless Electric Lawn Mower sales in 2017 were through conventional retail stores. Although sales through online stores are likely to grow at a slightly higher rate vis-à-vis online channels, the former will remain the pervasive sales channel throughout the forecast period.

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More Valuable Insights on Cordless Electric Lawn Mower Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Cordless Electric Lawn Mower, Sales and Demand of Cordless Electric Lawn Mower, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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