DUBLIN, Dec. 22, 2022 /PRNewswire/ — The “Europe Ride-on Mowers Market – Comprehensive Study and Strategic Assessment 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The Europe ride-on mowers market is expected to grow at a CAGR of 6.66% during 2022-2027.
The growing market can be attributed due to the increasing number of commercial spaces, along with the number of public parks and lawn areas. Moreover, the higher penetration of golf courses across countries such as Germany, the UK, France, Sweden & Spain further supports the ride-on mowers market across the region.
The government of various European countries is making significant investments in the construction of outdoor open spaces. For instance, in 2020, a playground was constructed in Walnut Creek Metropolitan Park, expanding the green cover across the park. Large landscaping areas across these recreational facilities create the need for ride-on mowers, supporting the Europe ride-on mowers market growth.
Raw materials constitute a significant cost component in the manufacturing of ride-on lawn mowers. The prices of major raw materials used to manufacture ride-on lawn mowers, such as steel, plastic, and rubber, have increased significantly over the past few years. Moreover, the volatility of raw material prices seriously threatens vendor profit margins.
Features such as keyless ignition, real-time feedback, and airless tires have made ride-on mowers much more attractive. Another trend in the ride-on mower market is variety, wherein vendors specialize in accessories, services, and products expected to support the industry growth. The Europe ride-on lawn mowers market is subject to various regulations & standards laid down by European Garden Machinery Industry Federation (EGMF). These standards help regulate the quality, safety, emission & other requirements of the ride-on lawn mowers in the industry.
INDUSTRY DRIVERS
Construction of Green Spaces
Considering that green spaces also provide aesthetic benefits, many gardens, parklands, and public green spaces are constantly incorporated into urban planning. The Italian government has taken various economic steps, such as the Green Reward program, to boost the Europe ride-on mowers market.
In 2021, the National Trust of England, in collaboration with conservation charities & local authorities, called for a fund of USD 6.7 billion from the government to expand green space across the country. Such expansion of green spaces is boosting the demand for ride-on lawn mowers in the market.
Increasing Number of Golf Courses
Europe is the second-largest industry for golf courses worldwide. In 2021, the number of golfers across Europe exceeded 10 million, around 8% more than in 2016. The rise in the number of public golf clubs has encouraged the participation of individuals in the sport.
The growing penetration of golf courses is expected to generate higher demand for the equipment from the region and boost the Europe ride-on mowers market. More than 130 golf course projects are under development in Europe, with around 85 in the planning stage and approximately 45 under construction.
KEY HIGHLIGHTS
Advancements in battery technology have recently become viable for the commercial ride-on lawn mowers market. Professional landscapers are increasingly confident about adding these mowers to their fleet as they allow to keep out the noise, reduce downtime, charge faster, and reduce exhausts to the minimum.
The growth in the landscaping industry across the region, supported by the growing demand from commercial properties for the maintenance of lawn areas, is boosting the ride-on lawn mowers market.
The average size of lawns in European households is significantly small, which is expected to hamper the industry demand of the Europe ride-on mowers market.
SEGMENT HIGHLIGHTS
The Europe standard ride-on mowers are expected to add a revenue of USD 891.53 million by 2027.
The revenue from hydrostatic transmission is expected to reach USD 4 billion by 2027 due to its benefits, such as smooth operation, better responsiveness, less maintenance, and others. However, higher costs and more fuel requirements are among the major deterrents for hydrostatic transmission, which is expected to slightly affect the revenue of the vendors operating in the industry.
In 2021, professional landscaping service providers were the major revenue contributors to the Europe ride-on lawn mowers market. The segment is expected to add additional revenue of USD 746 million during the forecast period.
GEOGRAPHICAL OUTLOOK
In developing European countries, constructing public gardens, parks, and commercial business complexes will likely drive the Europe ride-on mowers market growth. The rising construction of new residential properties will propel the demand for landscaping services, which, in turn, will boost the demand for ride-on mowers.
The U.K. is the largest industry for ride-on mowers across Europe. The country is expected to add a revenue of USD 290 million during the forecast period due to the rising governmental focus on sustainability. It is estimated that running projects such as the Growing a Greener Britain crowdfunding site, which aims to keep the U.K. communities safe and healthy, will keep the battery-powered ride-on lawn mowers industry afloat. However, Countries such as Sweden and Netherlands are expected to observe the highest growth rate (by revenue). Both the countries are expected to grow at a CAGR of 9.07% and 8.78%, respectively.
In 2021, France accounted for a revenue share of 10.95% in the European ride-on mower market. Initiatives such as the greening of Paris between 2014 and 2020 through the development of 74 acres of public gardens, 200 re-vegetation projects, educational farms, and renovation of parks and gardens are supporting the demand for ride-on mowers across the country.
VENDOR LANDSCAPE
Other players in the industry are Bobcat, Ariens Company, Briggs & Stratton, and Chervon Group. The acquisition strategy was followed by most of the players on the path to becoming industry leaders. Moreover, the high cost of manufacturing & various regulations is expected to restrict the entry of new players into the industry.
Industry leaders in the Europe ride-on mowers market are currently emphasizing the adoption of energy-efficient goods owing to the increasing trend of using less carbon energy sources. This can be due to the growing environmental issues such as global warming combined with gasoline or exhaust emissions.
The manufacturers prioritize recognizing various demand conditions while setting certain goals for profitability and using capital resources effectively. The current situation pushes vendors to adapt and improve their unique value proposition to attain a strong industry presence.
Key Vendors
Ariens Company (AriensCo)
Deere & Company
Honda
Husqvarna Group
Kubota Corporation
Stanley Black & Decker
STIGA Group
The Toro Company
Other Prominent Vendors
AGCO
AL-KO Gardentech
Altoz
AS-Motor
Bad Boy Mowers
Bobcat Company
Briggs & Stratton
Chervon Group
Emak Group
Generac Power Systems
Greenworks Tools
IHI Shibaura Machinery Corporation
Masport
STIHL
SUMEC Group Corp.
Techtronic Industries
Textron Inc.
The Grasshopper Company
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study
4.4 Market Segmentation
5 Report Assumptions and Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Premium Insights
7.1 Market Overview
7.2 Key Highlights
7.3 Snippets
7.4 Key Market Drivers
7.4.1 Increased Recreational Facilities
7.4.2 Demand from Golf Courses
7.5 Geographical Outlook
7.6 Vendor Landscape
8 Introduction
8.1 Overview
8.1.1 Development of Li-Ion Battery
8.2 History of Lawn Mowers
8.3 Grassland Areas
8.4 Consumer Behavior
8.5 Walk-Behind Vs. Ride-On Lawn Mowers
8.6 Recent Developments
8.6.1 New Product Launches
8.6.2 Mergers, Acquisitions & Partnerships
8.7 Lawn Mowers Market: Expert Insights
8.8 Gasoline Price Trend: Europe
8.9 Decline in Demand for Gasoline-Based Ride-On Lawn Mowers
8.10 Dynamics of Landscaping Industry
8.11 Value Chain Analysis
8.12 Regulations & Standards
8.13 Impact of Covid-19
9 Market Opportunities & Trends
9.1 Growth of Landscaping Industry
9.2 Influx of Alternative Fuel Options
9.3 Internet Shaping End-Users’ Purchasing Behavior
10 Market Growth Enablers
10.1 Demand from Golf Courses
10.2 Growth in Manufacturer-Led Programs & Initiatives
10.3 Increased Recreational Facilities
11 Market Restraints
11.1 Increased Xeriscaping & Use of Artificial Grass
11.2 High Upfront Cost & Long Replacement Cycle
11.3 Erosion of Vendor Margins Due to Volatility in Raw Material Prices
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.2.1 by Value
12.2.2 by Volume
12.3 Five Forces Analysis
13 Product Type
13.1 Market Snapshot & Growth Engine (Value)
13.2 Market Snapshot & Growth Engine (Volume)
13.3 Market Overview
13.4 Standard Ride-On Mowers
13.5 Zero-Turn Mowers
13.6 Lawn Tractors
13.7 Garden Tractors
14 Fuel Type
14.1 Market Snapshot & Growth Engine (Value)
14.2 Market Snapshot & Growth Engine (Volume)
14.3 Market Overview
14.4 Gasoline-Powered
14.5 Battery-Powered
14.6 Propane-Powered
15 End-User
15.1 Market Snapshot & Growth Engine (Value)
15.2 Market Snapshot & Growth Engine (Volume)
15.3 Market Overview
15.4 Professional Landscaping Services
15.5 Golf Courses & Other Sports Arenas
15.6 Residential
15.7 Government & Others
16 Transmission Type
16.1 Market Snapshot & Growth Engine (Value)
16.2 Market Snapshot & Growth Engine (Volume)
16.3 Market Overview
16.4 Hydrostatic
16.5 Electric Motor
16.6 Manual
16.7 Others
17 Drive Type
17.1 Market Snapshot & Growth Engine (Value)
17.2 Market Snapshot & Growth Engine (Volume)
17.3 Market Overview
17.4 Two-Wheel Drive
17.5 Four-Wheel Drive
18 Start Type
18.1 Market Snapshot & Growth Engine (Value)
18.2 Market Snapshot & Growth Engine (Volume)
18.3 Market Overview
18.4 Push Start
18.5 Key Start
19 Blade Type
19.1 Market Snapshot & Growth Engine (Value)
19.2 Market Snapshot & Growth Engine (Volume)
19.3 Market Overview
19.4 Deck/Standard Blades
19.5 Mulching Blades
19.6 Lifting Blades
19.7 Cylinder Blades
20 Distribution Channel
20.1 Market Snapshot & Growth Engine (Value)
20.2 Market Snapshot & Growth Engine (Volume)
20.3 Market Overview
20.4 Offline
20.4.1 Market Overview
20.4.2 Dealers & Distributors
20.4.3 Specialty Stores
20.4.4 Mass-Market Players
20.5 Online
20.5.1 Market Overview
20.5.2 Direct Sales
20.5.3 Third-Party Sales
For more information about this report visit https://www.researchandmarkets.com/r/gq23u2
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