In the changed post COVID-19 business landscape, the global market for Robotic Lawn Mowers estimated at US$881. 7 Million in the year 2020, is projected to reach a revised size of US$2. 3 Billion by 2027, growing at aCAGR of 14.
This is according to the Reportlinker.com report “Global Robotic Lawn Mowers Industry“.
With Connectivity, one of the segments analyzed in the report, is projected to record 15.4% CAGR and reach US$1.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Without Connectivity segment is readjusted to a revised 13% CAGR for the next 7-year period. The U.S. Market is Estimated at $260.7 Million, While China is Forecast to Grow at 14.1% CAGR
The Robotic Lawn Mowers market in the U.S. is estimated at US$260.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$398.7 Million by the year 2027 trailing a CAGR of 14.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13% and 12.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.
