Market Forecast By Product Types (Ride On Mowers, Push Mowers, Robotic Mowers), By End-Users (Residential, Non-residential), By Fuel Types (Electronic, Non-electronic) and competitive landscape
Product Code: ETC003654 | Publication Date: Aug 2023 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Lawn Mower market currently, in 2023, has witnessed an HHI of 3018, Which has decreased moderately as compared to the HHI of 3593 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | India Lawn Mower Market |
Forecast period | 2024-2030 |
CAGR | 5.7% |
Growing Sector | Residential |
The India Lawn Mower Market Report thoroughly covers the market by Product Types, End-Users and Fuel Types. The India Lawn Mower Market Outlook report provides an unbiased and detailed analysis of the ongoing India Lawn Mower Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
India Lawn Mower Market is expanding at an astonishing rate owing to the growing trend of gardening as a recreational activity amongst urban residents. In addition, ascending disposable income is further escalating the market growth. Major players operating in the market are concentrating on product innovation and technological advancement to improve efficiency and user experience. Moreover, technological advancements propel the market growth. Overall, the India Lawn Mower Market offers significant growth and development opportunities.
According to 6Wresearch, the India Lawn Mower Market is anticipated to grow at a CAGR of 5.7% during 2024-2030. One of the key drivers of the India Lawn Mower Market is the rise in inclination towards gardening as a hobby amongst urban populace owing to growing desire to enhance outdoor aesthetics which has greatly uplifted the market demand. In addition, the fast-growing construction of residential as well commercial real estate projects has surged in need for land-scaping services specifically leading the market growth. Furthermore, increase in disposable income and a growing inclination towards upgradation of home maintenance equipment have facilitated the expansion of lawn mowers into diverse consumer segments. Moreover, technological innovation such as the trend of eco-friendly and robotic lawn mowers attracts environmentally aware consumers including convenience seekers which in turn reinforces growth trajectory.
However, the India Lawn Mower Market faces many challenges that hinder its growth. The main issue is that many consumers are unaware of the advantages of using lawn mowers and due to which traditional ways of maintaining lawns still prevail. In addition, high import duties and taxes on lawn mowers also make these machines expensive, making them accessible to relatively fewer people. Another key challenge is the broken distribution network, which diminishes mobility of lawn mowers available only to urban centers while leaving rural markets under-penetrated. Moreover, the climatic and varying terrain conditions across India require a multipurpose equipment and most of the models available in market are not well-suited for all such various terrains.
Some of the major players operating in India Lawn Mower Market are Honda Power Equipment, MTD Products Ltd., The Toro Company, Deere and Company and Stanley Black & Decker Inc. These companies have a major presence in the Indian market and are constantly investing in research and development to introduce innovative products and gain a competitive edge in the market.
The Indian government has significantly influenced the growth of the Lawn Mower Market through strategic initiatives. One such initiative is the Make in India campaign, which encourages manufacturing of agricultural equipment within the country, including lawn mowers, as a means to lessen dependence on foreign producers and bolster local expertise. In addition, the Pradhan Mantri Krishi Sinchayee Yojana scheme promotes embracing progressive farming tools such as lawn mowers to boost productivity in rural areas. Furthermore, the Skill India campaign equips individuals with the essential abilities to competently operate and care for these machines, ensuring their optimal usage and upkeep. Moreover, the government's push for urban development under the Smart Cities Mission has spurred adopting sophisticated landscaping tools like modern lawn mowers to maintain the growing urban green spaces requiring consistent care.
The India Lawn Mower Market is projected to expand substantially in the coming years. This growth is driven by the increase in adoption of gardening as a hobby amongst urban citizens. In addition, growing disposable income is also propelling market growth. Key market participants are focusing on product innovation and technological advancement to increase the efficiency of their businesses, which also helps in providing a richer user experience. Moreover, technological advancements drive the market growth. Overall, the future of the India Lawn Mower Market looks promising, with many opportunities for growth and development.
According to Ravi Bhandari, Research Head, 6Wresearch, the ride-on mowers segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the growing requirement for larger gardens and yards, particularly in urban areas where space is limited.
Based on End-Users, the residential segment is the leading segment in the industry and will continue to grow in the coming years. This can be attributed to the increasing preference among homeowners for home gardening and landscaping, along with the escalating count of gardens & lawns in residential communities.
In terms of Fuel Types, the electronic segment is the dominant segment in the industry and will continue to grow in the coming years. This expansion is due to the rising environment awareness amongst population, government initiatives toward pollution reduction and the commercial availability of high-end electronic lawn mowers with unique features such as cordless operation and low noise levels.
The report offers a comprehensive study of the subsequent market segments:
Table of Contents |
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. India Lawn Mower Market Overview |
3.1. India Country Macro Economic Indicators |
3.2. India Lawn Mower Market Revenues & Volume, 2020 & 2030F |
3.3. India Lawn Mower Market - Industry Life Cycle |
3.4. India Lawn Mower Market - Porter's Five Forces |
3.5. India Lawn Mower Market Revenues & Volume Share, By Product Types, 2020 & 2030F |
3.6. India Lawn Mower Market Revenues & Volume Share, By End-Users, 2020 & 2030F |
3.7. India Lawn Mower Market Revenues & Volume Share, By Fuel Types, 2020 & 2030F |
4. India Lawn Mower Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. India Lawn Mower Market Trends |
6. India Lawn Mower Market, By Types |
6.1. India Lawn Mower Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2. India Lawn Mower Market Revenues & Volume, By Product Types, 2020 - 2030F |
6.1.3. India Lawn Mower Market Revenues & Volume, By Ride On Mowers, 2020 - 2030F |
6.1.4. India Lawn Mower Market Revenues & Volume, By Push Mowers, 2020 - 2030F |
6.2.5. India Lawn Mower Market Revenues & Volume, By Robotic Mowers, 2020 - 2030F |
6.2. India Lawn Mower Market, By End-Users |
6.2.1. Overview and Analysis |
6.2.2. India Lawn Mower Market Revenues & Volume, By Residential, 2020 - 2030F |
6.2.3. India Lawn Mower Market Revenues & Volume, By Non-residential, 2020 - 2030F |
6.3. India Lawn Mower Market, By Fuel Types |
6.3.1. Overview and Analysis |
6.3.2. India Lawn Mower Market Revenues & Volume, By Electronic, 2020 - 2030F |
6.3.3 India Lawn Mower Market Revenues & Volume, By Non-electronic, 2020 - 2030F |
7. India Lawn Mower Market Import-Export Trade Statistics |
7.1. India Lawn Mower Market Export to Major Countries |
7.2. India Lawn Mower Market Imports from Major Countries |
8. India Lawn Mower Market Key Performance Indicators |
8.1. India Residential Sector Outlook |
8.2. India Commercial Sector Outlook |
8.3. India Industrial Outlook |
8.4. India Government Spending Outlook |
8.5. India Transport & Infrastructure Outlook |
9. India Lawn Mower Market - Opportunity Assessment |
9.1. India Lawn Mower Market Opportunity Assessment, By Product Types, 2020 & 2030F |
9.2. India Lawn Mower Market Opportunity Assessment, By End-Users, 2020 & 2030F |
9.3. India Lawn Mower Market Opportunity Assessment, By Fuel Types, 2020 & 2030F |
10. India Lawn Mower Market - Competitive Landscape |
10.1. India Lawn Mower Market Revenue Share, By Companies, 2023 |
10.2. India Lawn Mower Market Competitive Benchmarking, By Operating and Technical Parameters |
11. Company Profiles |
12. Recommendations |
13. Disclaimer |