Robotic Lawn Mower – Market Dynamics
A robotic lawn mower is a service robot. Service robots are intelligent
machines that perform a variety of complex and simple tasks that might
be time-consuming or repetitive. Service robots are broadly classified
into two categories: professional service robots and personal/domestic
service robots. Market research analysts at MarketIntelReports, expect
the Worldwide Robotic Lawn Mower Market to reach approx. US$1,987
million by 2021.
The Worldwide Robotic Lawn Mower Market has been segmented on the
basis of technology and geographical region. The Global Power Lawn
Mower market is expected to grow at a CAGR of around 4% between
2016 and 2021. Europe accounted for the largest market share of more
than 60% of the market in 2015; it is expected to grow at a high CAGR of
around 16% between 2016 and 2021. However, APAC market is
expected to account for a share of around 5% of the market in 2021.
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