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: ETC003725 | Publication Date: Aug 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
South Korea Lawn Mower market currently, in 2023, has witnessed an HHI of 2902, Which has increased slightly as compared to the HHI of 2679 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 | South Korea Lawn Mower Market |
Forecast period | 2025-2031 |
CAGR | 4% |
Growing Sector | Electronics Industries |
South Korea Lawn Mower Market report thoroughly covers the market by Product Types, by End-Users, by Fuel Types. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
South Korea Lawn Mower Market has been Flourishing and is predicted to rise more at a significant growth rate during the forecast period 2025 to 2031. There are several factors contributing to the market growth such as rising disposable income, technological advancements in lawn mowers, and increasing awareness about the benefits of lawn maintenance.
According to 6Wresearch, South Korea Lawn Mower Market size is expected to grow at a significant CAGR of 4% during 2025-2031. One of the major drivers for the South Korean lawn mower market is the increasing popularity of gardening as a leisure activity among individuals. With hectic lifestyles and high levels of stress, people are turning towards gardening as a form of relaxation and stress relief. This has led to an increase in demand for lawn mowers to maintain their gardens. Furthermore, government initiatives promoting gardening activities and green spaces are also contributing to the growth of the market.
In addition to promoting green technology, the government has also implemented regulations to ensure consumer safety and product quality. The Ministry of Trade, Industry and Energy enforces safety standards for all lawn mowers sold in South Korea, and manufacturers must comply with these regulations to enter the market. key policies implemented by the government is the Green Growth Strategy, which aims to promote sustainable economic development while reducing greenhouse gas emissions. This strategy has led to increased investment in environmentally friendly lawn mowers, such as electric and battery-powered models.
The market is also dealing with a number of challenges that are hampering its growth. One of the major challenges is the high cost associated with advanced lawn mower technologies. This can act as a deterrent for price-sensitive consumers, especially in developing regions. Moreover, the lack of awareness about proper lawn maintenance techniques and the availability of cheap manual alternatives in some areas can also pose challenges for market growth.
Some of the leading players operating in the South Korea lawn mower market include Hyundai Motor Company, LG Corporation, Samsung C&T Corporation, Posco Group, and Doosan Corporation. These companies are constantly investing in research and development to introduce new products and stay ahead in the competitive market. In addition, they are also focusing on expanding their product portfolios to cater to the diverse needs of consumers.
The government of South Korea has implemented strict regulations regarding noise and emission levels from outdoor equipment, including lawn mowers. This has led manufacturers to focus on developing quieter and more environmentally-friendly products to comply with these regulations. Additionally, there are also regulations in place for proper disposal of old lawn mowers to prevent environmental pollution. government regulations may pose challenges for lawn mower manufacturers, there is also great potential for growth in this market. With a growing interest in landscaping and gardening, more and more people are looking to purchase lawn mowers for their homes.
With the increasing focus on environmental sustainability and technological advancements, electric and battery-powered lawn mowers are expected to gain significant traction in the South Korea market. Additionally, rising urbanization and a growing trend of home gardening among millennials is also expected to drive the growth of this market in the future.
In order to further boost the growth of the LBS market, it is important for companies operating in this space to stay updated with changing consumer demands and innovate their products accordingly. Therefore, it is an opportune time for new entrants to enter the market and establish a strong foothold in the competitive landscape.
According to Dhaval, Research Manager, 6Wresearch, one product type that is experiencing a growing demand in the South Korean lawn mower market is robotic mowers. These are automated and self-propelled mowers that use sensors to navigate and mow lawns without human intervention.
Based on current trends and market analysis, the non-residential segment is expected to see a significant growth in demand for lawn mowers in South Korea. This can be attributed to the increasing number of commercial establishments such as hotels, resorts, parks and golf courses that require regular maintenance of their lawns and green spaces.
Based on recent market trends, it can be observed that the demand for electronic lawn mowers has been steadily increasing in South Korea. This can be attributed to the growing popularity of eco-friendly and sustainable products among consumers.
The report offers a comprehensive study of the subsequent market segments:
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. South Korea Lawn Mower Market Overview |
3.1. South Korea Country Macro Economic Indicators |
3.2. South Korea Lawn Mower Market Revenues & Volume, 2021 & 2031F |
3.3. South Korea Lawn Mower Market - Industry Life Cycle |
3.4. South Korea Lawn Mower Market - Porter's Five Forces |
3.5. South Korea Lawn Mower Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6. South Korea Lawn Mower Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.7. South Korea Lawn Mower Market Revenues & Volume Share, By Fuel Types, 2021 & 2031F |
4. South Korea Lawn Mower Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. South Korea Lawn Mower Market Trends |
6. South Korea Lawn Mower Market, By Types |
6.1. South Korea Lawn Mower Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2. South Korea Lawn Mower Market Revenues & Volume, By Product Types, 2021 - 2031F |
6.1.3. South Korea Lawn Mower Market Revenues & Volume, By Ride-On Mowers, 2021 - 2031F |
6.1.4. South Korea Lawn Mower Market Revenues & Volume, By Push Mowers, 2021 - 2031F |
6.2.5. South Korea Lawn Mower Market Revenues & Volume, By Robotic Mowers, 2021 - 2031F |
6.2. South Korea Lawn Mower Market, By End-Users |
6.2.1. Overview and Analysis |
6.2.2. South Korea Lawn Mower Market Revenues & Volume, By Residential, 2021 - 2031F |
6.2.3. South Korea Lawn Mower Market Revenues & Volume, By Non-residential, 2021 - 2031F |
6.3. South Korea Lawn Mower Market, By Fuel Types |
6.3.1. Overview and Analysis |
6.3.2. South Korea Lawn Mower Market Revenues & Volume, By Electronic, 2021 - 2031F |
6.3.3 South Korea Lawn Mower Market Revenues & Volume, By Non-electronic, 2021 - 2031F |
7. South Korea Lawn Mower Market Import-Export Trade Statistics |
7.1. South Korea Lawn Mower Market Export to Major Countries |
7.2. South Korea Lawn Mower Market Imports from Major Countries |
8. South Korea Lawn Mower Market Key Performance Indicators |
8.1. South Korea Residential Sector Outlook |
8.2. South Korea Commercial Sector Outlook |
8.3. South Korea Industrial Outlook |
8.4. South Korea Government Spending Outlook |
8.5. South Korea Transport & Infrastructure Outlook |
9. South Korea Lawn Mower Market - Opportunity Assessment |
9.1. South Korea Lawn Mower Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2. South Korea Lawn Mower Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.3. South Korea Lawn Mower Market Opportunity Assessment, By Fuel Types, 2021 & 2031F |
10. South Korea Lawn Mower Market - Competitive Landscape |
10.1. South Korea Lawn Mower Market Revenue Share, By Companies, 2024 |
10.2. South Korea Lawn Mower Market Competitive Benchmarking, By Operating and Technical Parameters |
11. Company Profiles |
12. Recommendations |
13. Disclaimer |