Electric Lawn Mower Market to Grow at 5.79% CAGR During the Period 2017-2021

Marketsizeforecasters.com adds new global electric lawn mower market report that lists top companies as Deere and Company, Husqvarna, RYOBI, and The Toro Company. Other Prominent Vendors in the market are: BLACK+DECKER, Briggs & Stratton, EGO POWER+, Emak, Etesia UK, Greenworks Tools, Hitachi, Honda, Jacobsen, Makita, Remington, and STIHL. Commenting on the report, an analyst team said: ?The latest trend gaining momentum in the market is new electric mower technology. The manufacturers of commercial electric land mowers are looking to incorporate new mowing technologies to improve productivity and end-user experience. The introduction of innovative electric lawn mower technologies such as the robotic mowing technology has revolutionized the global market. Manufacturers such as Husqvarna, Honda, and Deere & Company provide robotic lawn mowers, particularly targeted toward the residential end-users. These mowers can mow backyards and garden spaces without any supervision.? According to the report, one of the major drivers for this market is increasing popularity of green roofs. Economic growth around the world has led to industrialization, which has created various environmental problems; global warming is one among these critical environment problems. Global warming is happening at an alarming rate due to various factors such as population growth, industrialization, and growing number of vehicle usage. Green roofs have been introduced as an efficient solution to this problem. Various countries are adopting the concept of green roofs which involves covering the roofs of newly constructed buildings with vegetation and various small and medium sized plants. Further, the report states that one of the major factors hindering the growth of this market is increase in raw material prices. Essential raw materials required for manufacturing electric lawn mowers include steel, rubber, and plastic. As these raw materials are commodities, their prices are subject to fluctuations. For instance, during 2014-2016, there was a downward pressure on the prices of iron ore due to oversupply. However, during the forecast period, the demand for steel is expected to increase in most regions worldwide. In 2016, the demand for steel from the infrastructure and real estate industry was robust in China; this can cause the steel prices in China to increase in 2017. Globally, the price of steel is expected to grow 5% during the forecast period. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Technavio Analyst

Analysts from Technavio regularly contribute to the news section on MarketSizeForecasters.com. Technavio is a leading market research company with global coverage. Their research and analysis focus on emerging market trends to help businesses identify market opportunities and develop effective strat...

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