Lucintel's latest market report analyzed that robotic lawn mower provides attractive opportunities in the retail channel and online channel. The robotic lawn mower market is expected to reach $2.7 billion by 2028 with a CAGR of 12.4%. In this market, residential is the largest segment by application, whereas retail channel is largest by sales channel.
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Based on application, the robotic lawn mower market is segmented into residential and commercial. The residential segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to rapid urbanization and increasing interest of domestic customers in gardening and landscape care.
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The Robotic Lawn Mower Market is marked by the presence of several big and small players. Some of the prominent players offering robotic lawn mower include Husqvarna Group, Robert Bosch, Deere & Company, STIGA S.p.A., HONDA MOTOR, Hitachi, LawnMaster, The Toro Co., and Robin Autopilot.
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