July 14, 2021 07:45 ET | Source: Fortune Business Insights Fortune Business Insights
Pune, India, July 14, 2021 (GLOBE NEWSWIRE) - The global zero-turn lawn mower market is expected to reach USD 4.64 billion in 2028, with a compound annual growth rate of 5.6% during the forecast period. Fortune Business Insights™ pointed out in its report entitled "Zero Turn Lawn Mower Market, 2021-2028" that the emergence of electric lawn mowers will open up a new dimension of growth in this market. The market size in 2020 is US$3.02 billion.
Electric lawn mowers provide a sustainable and fuel-efficient alternative to traditional lawn mowers that require gas operation. As consumers have recently become more environmentally friendly, the demand for environmentally friendly machines for household activities has increased significantly in the past few years. Therefore, the availability of zero-turn lawn mowers powered by electricity or batteries is also increasing. For example, GreenWorks, headquartered in China, launched the Greenworks Lithium Z high-end zero-turn electric lawn mower in early 2020, with a heavy-duty frame, smooth control, and commercial fabricated deck. Similarly, Japanese equipment manufacturer Ryobi Limited developed the Ryobi 42-inch zero-turn lawn mower. The machine is powered by lead-acid batteries, is fully electric, has a mowing range of 3 acres, and zero emissions. In the foreseeable future, the development and launch of such environmentally feasible lawn mowers can greatly increase the prospects of this zero-turn lawn mower market.
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The COVID-19 pandemic has had disastrous consequences for the global economy. Blockades, social distancing, and trade restrictions have caused unprecedented turbulence in various industries, disrupted supply chain networks, and depressed global demand for goods and services. The government and private organizations are taking a variety of measures to deal with this crisis, but uncertainty and anxiety are still widespread. However, collective strength and unity will help us through these difficult times. At Fortune Business Insights™, we constantly strive to provide you with comprehensive research on various markets in order to provide your business with the necessary intelligence to win at the other end of this crisis.
According to the product type, the market is divided into 50 inches or less, 50-60 inches, and 60 inches or more. According to the application, the market is divided into residential and commercial. From a geographical point of view, the zero-turn lawn mower market share is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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The report provides the following:
Landscaping companies are increasingly adopting zero-turn lawn mowers to support market growth
Due to the continuous increase in the number of large and medium-sized commercial properties such as golf courses and sports fields, the landscape service business is in strong demand globally. Maintaining such a large space requires the deployment of efficient and comfortable lawn mowers, and manufacturers are meeting this requirement at an ever faster rate. For example, Husqvarna's Z254F zero hydrostatic steering mower is powered by a Kawasaki engine and has a 54-inch mowing deck, making it the perfect choice for medium-sized commercial landscaping activities. In addition, its hydrostatic transmission system requires almost no maintenance and can run smoothly even in cold and humid weather. Similarly, the Snapper 460Z lawn mower has become an ideal solution for large-scale landscaping projects with its all-steel frame, contour-aligned front axle and heavy duty. In addition, the growth of the zero-turn lawn mower market is also driven by the increasing number of lawn mowers used in small-scale backyard landscapes. For example, Snapper's 360Z zero-turn lawn mower series has a pedal-controlled deck and includes a 21.5 horsepower engine, which is ideal for backyard landscape activities.
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Major players launch new mowing solutions to promote market competition
Well-known market participants introduced innovative mowing solutions, thus stimulating the competitive environment in this zero-turn lawn mower market. These announcements are enhancing the company's brand value and expanding its customer reach. In addition, the entry of new players is reshaping the dynamics of competition in this market.
The list of major companies introduced in this zero-turn lawn mower market report:
• Metalcraft of Mayville Inc. (United States)
• Stanley Black & Decker (United States)
• Generac Holdings Inc. (United States)
• Schiller Grounds Care (Bob-Cat) (United States)
• Bad Boy Lawn Mower (United States)
• Brookfield Property Partners LP (STIGA SpA) (UK)
• Briggs & Stratton, LLC. (America)
• MTD Products Inc. (United States)
• Toro Corporation (United States)
• American Lawn Mower Company (USA)
• Deere Company (United States)
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