The import of powered lawn mowers with horizontal cutting devices to Belgium has experienced substantial fluctuations over the past decade, with values peaking in 2013 at $270.82 million before generally declining and stabilizing around the mid-$190 million range from 2021 onwards. Year-on-year variations reveal periods of notable decline, such as between 2014 and 2015, and growth spurts, particularly from 2020 to 2021. The most recent years show minimal growth, with 2023 standing at $195.22 million.
Forecasts for the next five years suggest a modest and steady increase in import values, with a compound annual growth rate (CAGR) of approximately 0.17% and a total growth rate of 0.83% by 2028. The import value is predicted to reach $197.28 million by then.
Future trends to watch for:
- Impact of technological advancements in lawn mower design and efficiency.
- Changes in consumer preferences towards electric or robotic mowers.
- Economic factors affecting consumer spending power in Belgium.
- Environmental regulations influencing the use and import of garden equipment.
