Robotic lawn mowers- Europe is the world's largest market says market study

BANGALORE, India - July 18, 2016 - PRLog -- A recent market research report published by Beige Market Intelligence ," Strategic Assessment of Worldwide Robotic Lawn Mower – Forecast Till 2021" gives an in depth analysis of  the growth aspect of the robotic lawn mower market for the period of 2015-2021.

This market research report includes a detailed market segmentation of the Worldwide Robotic Lawn Mower Market by

Technology Segmentation

• Power Garden Equipment,
• Electric Lawn Mower
• Gas powered lawn mower
• Battery powered lawn mower
• Cordless lawn mower

Geographic Segmentation

• APAC
• Europe
• North America
• ROW.

The report also provides market share and profiles the key vendors operating in the Worldwide Robotic Lawn Mower Market and also provides the detailed competitive landscape of key players.

Robotic Lawn Mower – Market Size and Dynamics

A robotic lawn mower is a service robot. Service robots are intelligent machines that perform a variety of complex and simple tasks that might be time-consuming or repetitive. Service robots are broadly classified into two categories: professional service robots and personal/domestic service robots. Robotic lawn mowers are the type of outdoor domestic robots.

The Market research analysts at Beige Market Intelligence,has segmented  Worldwide Robotic Lawn Mower Market on the basis of technology and geographical region. The Global Power Lawn Mower market is expected to grow at a CAGR of around 4% between 2016 and 2021. Europe accounted for the largest market share of more than 60% of the market in 2015; it is expected to grow at a high CAGR of around 16% between 2016 and 2021. However, APAC market is expected to account for a share of around 5% of the market in 2021.

Robotic Lawn Mower – Drivers and Trends

This market research report provides market overview of the factors driving and restraining the growth of the market. The report also outlines the key trends emerging in the market that will contribute to the growth of Worldwide Robotic Lawn Mower Market  during the forecast period. The factors driving the growth of the market include backyard beautification/garden design. The backyard beautification is a rapidly growing concept and is very popular in North America and many European countries.

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Moreover, the global landscaping services industry is growing rapidly. The popularity of landscaping services is increasing worldwide because of the need to provide an aesthetic appeal to commercial and residential lawns and gardens for official activities as well as recreational purposes, and this has resulted in the landscaping of outdoor yards and spaces gaining considerable momentum globally.

Some of the major challenges confronting the Worldwide Robotic Lawn Mower Market include the high cost of a robotic lawn mower. The high cost of a robotic lawn mower affects its demand worldwide. This is because the purchase of robotic lawn mowers is purely dependent on the disposable income of end-users.  Moreover, increasing adoption of artificial grass is acting as a challenge to the growth of the market. Artificial grass is gaining popularity in recent years. Artificial grass does not require mowing, fertilizing, and watering like the natural grass. Thus, artificial grass becomes a great money saver for the consumers having lawns. The report also provides the Porter's five forces analysis along with a description of each of the forces and its impact on the market.

Robotic Lawn Mower – Key Vendors

This market research report profiles the major companies in the  market and also provides the competitive landscape of key players.  Within the report covers the entire market outlook regarding the value chain operating within the market. The major players in the market include

• Husqvarna
• Friendly Robotic/Robomow
• Zucchetti Centro Sistemi
• Global Garden Products
• Robert Bosch

Other prominent vendors in the market include

• AL-KO, Belrobotics
• Deere & Co.
• E. ZICOM
• Honda
• Hangzhou Favor Robot Technology,
• MTD Products
• Positec Tool
• STIHL

Read more :http://www.beigemarketintelligence.com/reports/research-r...