Sweden Lawn Mowers Market Report 2022: Featuring Key
Dublin, Nov. 17, 2022 (GLOBE NEWSWIRE) — The “Sweden Lawn Mowers Market Analysis & Forecast 2022-2027” the report has been added ResearchAndMarkets.com’s offer.
The Swedish market for lawn mowers is expected to grow at a CAGR of 9.55% during 2022-2027.
MARKET INSIGHT
In 2021, the market for lawn mowers experienced a high demand throughout Sweden due to the increased government investments in playground construction and parks, which increased the demand for landscaping services. On the other hand, in 2022, the Organization of the Petroleum Exporting Countries (OPEC) decided to reduce oil production by two million barrels/day. This oil reduction will lead to a massive increase in oil price due to Russia’s invasion of Ukraine, driving the demand for cordless and cordless lawn mowers during the forecast period in the EU and APAC countries.
MARKET TRENDS & DRIVERS
- According to the European Construction Industry Federation, Sweden’s government had a significant investment share in the construction industry in 2021, approximately USD 28.85 billion. These investments in construction projects include house construction, rehabilitation and maintenance as well as the construction of non-residential properties such as private offices, industrial buildings, hotels, schools, hospitals, public parks, sports infrastructure and community centers. The development of green areas within the housing sector is expected to see massive growth during the forecast period. The growing urbanization therefore leads to an increase in housing, which strengthens the Swedish market for lawnmowers.
- Golf is popular in Sweden and shows a significant increase in participation year on year. According to the European Golf Participation Report 2021, the number of golfers around Sweden reached around 538,962, with 73% adult male registered golfers. Female golfers experienced an increase of over 27% over the previous year. The growing participation of the female population further increases the demand for building new golf courses. These golf courses have to maintain regular field maintenance, which makes it necessary to use lawnmowers, which drives the Swedish market for lawnmowers.
- The Swedish lawnmower market is mature, with great demand for innovation-driven lawnmowers. Robotic lawnmowers are relatively new products in the country’s industry. However, they have high growth opportunities for suppliers in the industry. Grass quality and the growth cycle are critical for suppliers who turn to the industry with their lawnmowers. Smart suppliers of autonomous lawn mowers such as Husqvarna and Cramer launch built-in with a GPS mower that allows the equipment to move automatically throughout the facility. By combining navigation and operating software, such equipment provides higher productivity while reducing labor costs. Equipping lawnmowers with obstacle detection, weather sensing and anti-theft sensors is expected to support the growth of the Swedish market for lawnmowers.
- Landscaping services are increasing in popularity across the country due to the need to provide an aesthetic appeal to commercial and residential lawns and garden areas. On the other hand, high household disposable income per capita has increased from 2011 to 2021. In 2020, the average household disposable income reached around $43,310. In addition, the changing consumer preferences and desires of professionals and semi-professionals regarding the beautification of their lawn/yard areas are expected to have a positive impact on the overall landscape services. These above factors are expected to drive the country’s demand for lawn mowers.
Segmentation by product type
- Walk-Behind Lawn Mower
- Self-propelled lawnmower
- Push Mower
- Hover Mower
- Roll/cylinder mower
- Riding mower
- Standard riding mower
- Zero-turn lawnmower
- Lawn tractors
- Garden tractors
- Robotic lawnmower
Segmentation by end user
- Residential users
- Professional landscape architecture services
- Golf courses
- Government and others
Segmentation by fuel type
- Gas powered lawn mowers
- Electric lawnmowers
- Manually operated lawn mowers
- Propane powered lawn mowers
Segmentation by distribution channels
CUT
- The battery powered lawn mower segment is emerging to generate a revenue of USD 81.80 million by 2027, with an absolute revenue share of 83.96%.
- By end users, the Swedish lawn mower market is dominated by private individuals and is expected to grow further at a CAGR of 9.39% during the forecast period.
- By product type, a riding lawnmower is a significant revenue-generating segment. It is expected to dominate during the forecast period, with a revenue share of USD 366.49 million in 2027.
- By distribution channel, online sales channel is expected to experience the fastest growth rate with a CAGR of 10.29% (by value) during the forecast period.
Key players in the industry
- Husqvarna
- Honda Power Equipment
- Deere & Company
- RISE
- Stanley Black & Decker
- Robert Bosch
- Kubota Corporation
- The Toro Company
- Briggs & Stratton
- STIHL
Other prominent suppliers
- Bobcat
- Ariens
- Makita Corporation
- Emac
- Ryobi
- Multione
- Egholm
- Grillo
- Cramer
- AS engine
Key topics covered:
1. Agenda
2. Market definition
3. Scope of the study
4. Report assumptions
5. Index
6. Lawn Mowers Market Size & Forecast
7. Import and export statistics
8. Market by Product Type
9. Lawn Mower Market by End User
10. Lawn Mowers Market by Fuel Type
11. Lawn Mowers Market by Distribution Channels
12. Lawn Mowers Market – Key Trends
13. Lawn Mowers Market – Key Drivers
14. Lawn Mowers Market – Key Limitations
15. Competitive landscape
16. Quantitative summary
17. Other reports in this series
For more information on this report visit https://www.researchandmarkets.com/r/s7fj9v