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Riding Mowers Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Riding Mowers Global Market Report 2021: COVID 19 Impact and Recovery to 2030

  • May 2021
  • 175 pages
  • ID: 6071840
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the riding mowers market are Deere and Company, American Honda Motor Co., MTD products, Robert Bosch GmbH, Husqvarna Group, The Toro Company, STIGA S.p.A., AriensCo, Briggs & Stratton, and Hitachi Ltd.

The global riding mowers market is expected to grow from $11.7 billion in 2020 to $12.46 billion in 2021 at a compound annual growth rate (CAGR) of 6.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $15.14 billion in 2025 at a CAGR of 5%.

The riding mowers market consists of sales of riding mowers by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing riding mowers which are lawnmowers on which the operator is seated, unlike mowers which are pushed or towed.Riding mowers use a horizontal rotating blade system, though usually with multiple blades.

Only goods and services traded between entities or sold to end consumers are included.

During the forecast period, the adoption of artificial turf for sports and residential lawns is expected to limit the growth of the riding mowers market.Artificial turfs have made a big influence in drought-prone regions where maintaining lawns is an expensive affair.

For instance, the number of football pitches in Iceland with artificial turf as of 2018 was 154 pitches with outdoor mini-pitches made of artificial turf being the largest in comparison with outdoor natural grass pitches being 148. Synthetic grass, which is almost identical to natural grass in terms of touch and comfort is being used in indoor and outdoor spaces affecting the riding mowers market negatively.

The riding mowers market covered in this report is segmented by type into rear engine riding mowers; tractors (includes lawn and garden tractors); zero turning radius (ZTR) mowers and by end user into residential; commercial.

The launch of technically-advanced lawn mowers, such as robotic lawnmowers is gaining popularity in the riding mowers market.The robotic lawnmowers have gained popularity, owing to their durability and great working efficiency.

For instance, in May 2019, WORX has introduced two new Landroid robotic mowers that incorporate the latest features to enable the machines to mow lawns up to a quarter- and a half-acre. In January 2019, iRobot Corporation developed Terra and works based on Imprint smart mapping technology that can be operated through iRobot Home App.

The rise in lawn care and gardening activities and large garden areas in public places, schools, and recreational places drive the riding mowers market.Riding mowers are easy to use when compared with push lawnmowers when large areas are being mowed.

People are turning towards lawn care and gardening for reasons such as a hobby, to obtain a sense of accomplishment, a way to reduce stress, and access to fresh food.According to ScottsMiracle-Gro’s survey released in June 2020, more than 55% of American adults are currently gardening or caring for their lawn during the COVID-19 outbreak.

According to the Office for National Statistics survey, around 45% of Britons are coping with the lockdown by gardening.Lawn care and gardening activities require mowers for trimming the grass that enhances the image of the property.

Increasing garden activities and the benefit that ride mowers provide propel the riding mowers market’s growth.

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