| Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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NEWARK, Del, Aug. 31, 2023 (GLOBE NEWSWIRE) — According to a Future Market Insights (FMI) report, Powered Lawn Mower manufacturers are well-positioned to profit from the anticipated revenue with a promising CAGR of 4.5% during the forecast period. The overall Powered Lawn Mowers Market is anticipated to generate over US$ 2,323.8 Million in sales by 2033, up from US$ 1,496.3 Million in 2023.
The surge in sales of Powered Lawn Mowers is attributable to rising gardening and lawn-making activities along with an increased emphasis on lawn care. To meet clients’ unique needs, manufacturers are now providing a variety of alternatives, such as varying cutting widths, adjustable heights, and different attachments.
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Innovations in technology have completely changed how lawnmowers work, allowing for more accurate cutting, efficient energy usage, and improved user ease. Additionally, producers strongly emphasize sustainability and environmental friendliness in all equipment and machinery to contribute to the ecological cause.
In particular, there is a growing market for electric-Powered Lawn Mowers as environmental concerns become more widely known in emerging economies. Compared to conventional gas-powered versions, electric-Powered Lawn Mowers are quieter, generate fewer pollutants, and require much less maintenance throughout their lifetime.
Key Takeaways from the Powered Lawn Mowers Market Study Report:
Powered Lawn Mowers Market Research Report Coverage:
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Competitive Landscape for the Powered Lawn Mowers Market Players:
American Lawn Mower, Unison Engg, Rank Engineering, Husqvarna, D&D Moto, Hayter, MEAN GREEN, CHP, GGP, and Hayter are some top players in this market. Additionally, new players are emerging and improving their positions in developed and emerging countries by growing their distribution networks. Forming strategic alliances with nearby dealers, online merchants, and home improvement businesses is a prominent strategy all players adopt.
Manufacturers of Powered Lawn Mowers have been actively expanding their operations to take advantage of recent cutting-edge technology developments. They are integrating Internet of Things (IoT) connection, robotic automation, and superior material into their products to gain a competitive edge over their rivals. Moreover, producers are focusing on research and development to enhance the efficiency and robustness of lawn mowers to fulfill the changing demands of consumers.
Recent Developments by the Powered Lawn Mowers Manufacturing Industries:
In mid-2022, Honda unveiled its new self-propelled HRG536X lawn mower with additional features. It has a brushless electric motor, which is more effective and silent than conventional gasoline engines. Additionally, it offers a variety of safety features, including a safety key and a blade brake.
In 2021, Toro unveiled its new category of SmartStowTM technology lawn mowers. These new types of lawn mowers can now be folded and stored upright, saving room in the garage.
In July 2020, EGO made their Power+ 56V cordless lawnmowers available in the market. EGO 56V batteries, which have a duration of up to 75 minutes, are used to power this mower. It also boasts several user-friendly features, including a self-propelled motor and variable speed control.
About the Industrial Automation Division at Future Market Insights (FMI):
Expert analysis, actionable insights, and strategic recommendations – the industrial automation team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs.
With a repertoire of over 1,000 reports and 1 Million+ data points, the team has analyzed the industrial automation domain lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Key Segments Profiled:
By Material Type:
By Source of Power:
By Cutting Systems:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:
Robotic Lawn Mower Market Size: The Robotic Lawn Mower Market is projected to grow significantly, going from US$ 821.76 Million in 2022 to US$ 2,721.23 Million in 2032, with an expected CAGR of 11.5% as per FMI’s forecast.
Duct Fans Market Share: The Duct Fans Market is forecasted to reach US$ 96,354.0 Million in 2023 and is predicted to climb to US$ 162,788.1 Million by 2033. Duct fan sales are anticipated to achieve a notable CAGR of 6.0% throughout the forecast timeframe.
Industrial V Belts Market Trends: The Industrial V Belt Market is expected to be valued at US$ 120.4 Million in 2023, driven by the rise of energy-efficient belt solutions that incorporate advanced technologies. Sales of these belts are projected to grow at a strong CAGR of 7% from 2023 to 2033, reaching approximately US$ 221.3 Million by 2033.
Industrial Furnaces Market Demand: The expected demand for the worldwide Industrial Furnaces Market is US$2.5 Million in 2023, with a projected 3.9% CAGR, reaching US$3.6 Million between 2023 and 2033. This growth is driven by the swift adoption of process automation technologies and electric industrial equipment. The enterprise key management market saw a CAGR of 3.6% from 2018 to 2022.
Tipper Body Equipment Market Growth: In 2022, the global Tipper Body Equipment Market was valued at around US$ 27.3 Billion. It’s expected to reach US$ 29.3 Billion in 2023. The sales of tipper body equipment are projected to grow at a 7.2% CAGR between 2023 and 2033, reaching a market value of US$ 54.8 Billion by 2033.
Air Pollution Control Systems Market Analysis: Projected by Future Market Insights, the Air Pollution Control Systems Market is set to be valued at US$ 84.3 Billion in 2023, with an estimated 7.8% CAGR from 2023 to 2033. By the decade’s end, it’s anticipated to reach US$ 178.8 Billion.
Retail Printers and Consumables Market Outlook: The 2022 global Retail Printers And Consumables Market was valued at US$ 2.9 Billion, projected to be US$ 3.015 Billion in 2023. Demand will grow due to applications in various sectors, with a 4.5% CAGR from 2023 to 2033, reaching US$ 4.48 Billion by 2033.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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