The import of powered lawn mowers, except those with horizontal cutting devices, to India is projected to decline steadily from 2024 to 2028. In 2024, the import value is forecasted at $193.05 thousand, with subsequent annual decreases anticipated to reach $161.09 thousand by 2028. This represents a year-on-year reduction ranging from approximately 4.3% to 4.5%. Over a five-year period, the compound annual growth rate (CAGR) indicates an average decline of around 4.36% annually.
Future trends to watch for:
- Technological advancements in robotic and smart mowers that could impact traditional mower imports.
- Potential policy changes related to import tariffs or incentives for local production.
- Shifts in consumer preferences towards environmentally friendly and energy-efficient lawn care solutions.