Global Lawn Mower Batteries Market – Key Drivers and Forecast from Technavio

May 31, 2017

#EnergyStorage--Technavio analysts forecast the global lawn mower batteries market to grow to USD 220 million by 2021, at a CAGR of close to 5% over the forecast period, according to their latest report.

The research study by Technavio on the global lawn mower batteries market for 2017-2021 provides a detailed industry analysis based on the battery type (lead-acid batteries and Li-ion batteries) and geography (the Americas, EMEA, and APAC).

Batteries refer to the technologies that are used to store energy, which can be used during power shortages, blackouts, or when the demand for the power supply is high. Currently, lead acid batteries occupy the majority market shares. However, lithium-ion batteries are expected to swiftly increase their market foothold and establish dominance by the end of the forecast period.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Technavio analysts highlight the following three factors that are contributing to the growth of the global lawn mower batteries market:

Adoption of green roofs
Increase in landscaping services
Environmental impact of gas lawn mowers

Adoption of green roofs

The adoption of green roofs provides several benefits such as the ability to filter airborne pollutants, reduce CO₂ emissions, and reduce energy consumption. Green roof adoption offers an efficient solution to emissions and pollution and is rapidly picking up in most of the developed countries across the globe.

“Rapid economic growth worldwide has led to industrialization and has created the need to create green spaces in urban spaces. Green roofs have emerged as a popular solution, creating a demand for lawn mowers and related accessories to keep these rooftop gardens in shape,” says Thanikachalam Chandrasekaran, a lead analyst at Technavio for energy storage research.

Increase in landscaping services

The increasing popularity of aesthetically appealing residential and commercial properties with plenty of green spaces, patios, and yards has generated a high demand for landscaping of lawns and gardens. Rising disposable income due to the emergence of double income households is another factor driving the demand for landscaping services. In addition to providing aesthetic appeal, landscaping also increases the market value of the property. The demand for the repair of different types of landscapes like lawns, trees, hedges, and gardens, triggering the demand for lawn mowers batteries as electric lawn mowers are most widely acceptable lawn mowers.

Environmental impact of gas lawn mowers

Gas-powered lawn mowers account for a major share in the global lawn mower market. However, gas-powered lawn mowers pose a major threat to the environment, as they are one of the reasons for the rapidly increasing environmental pollution. Analysts estimate that around 16 to 17 million gallons of fuel are wasted while fueling gas-powered lawn mowers.

“The rising adoption of battery-powered lawn mowers to reduce the adverse environmental impact will drive the demand for lawn mower batteries,” says Thanikachalam.

Browse Related Reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like oil and gas, power, and smart grid. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

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LONDON–(BUSINESS WIRE)–#EnergyStorage—Technavio
analysts forecast the global
lawn mower batteries market to grow to USD 220 million by
2021, at a CAGR of close to 5% over the forecast period, according to
their latest report.

The research study by Technavio on the global
lawn mower batteries market for 2017-2021 provides a detailed
industry analysis based on the battery type (lead-acid batteries and
Li-ion batteries) and geography (the Americas, EMEA, and APAC).

Batteries refer to the technologies that are used to store
energy, which can be used during power shortages, blackouts, or when
the demand for the power supply is high. Currently, lead acid
batteries occupy the majority market shares. However, lithium-ion
batteries are expected to swiftly increase their market foothold and
establish dominance by the end of the forecast period.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

Technavio analysts highlight the following three factors that are
contributing to the growth of the global lawn mower batteries market:

Adoption of green roofs
Increase in landscaping services
Environmental impact of gas lawn mowers

Adoption of green roofs

The adoption of green roofs provides several benefits such as the
ability to filter airborne pollutants, reduce CO₂ emissions, and reduce
energy consumption. Green roof adoption offers an efficient solution to
emissions and pollution and is rapidly picking up in most of the
developed countries across the globe.

“Rapid economic growth worldwide has led to industrialization and
has created the need to create green spaces in urban spaces. Green roofs
have emerged as a popular solution, creating a demand for lawn mowers
and related accessories to keep these rooftop gardens in shape,” says
Thanikachalam Chandrasekaran, a lead analyst at Technavio for energy
storage research.

Increase in landscaping services

The increasing popularity of aesthetically appealing residential and
commercial properties with plenty of green spaces, patios, and yards has
generated a high demand for landscaping of lawns and gardens. Rising
disposable income due to the emergence of double income households is
another factor driving the demand for landscaping services. In addition
to providing aesthetic appeal, landscaping also increases the market
value of the property. The demand for the repair of different types of
landscapes like lawns, trees, hedges, and gardens, triggering the demand
for lawn mowers batteries as electric lawn mowers are most widely
acceptable lawn mowers.

Environmental impact of gas lawn mowers

Gas-powered lawn mowers account for a major share in the global lawn
mower market. However, gas-powered lawn mowers pose a major threat to
the environment, as they are one of the reasons for the rapidly
increasing environmental pollution. Analysts estimate that around 16 to
17 million gallons of fuel are wasted while fueling gas-powered lawn
mowers.

“The rising adoption of battery-powered lawn mowers to reduce the
adverse environmental impact will drive the demand for lawn mower
batteries,” says Thanikachalam.

Browse Related Reports:

Become a Technavio
Insights member and access all three of these reports for a
fraction of their original cost. As a Technavio Insights member, you
will have immediate access to new reports as they’re published in
addition to all 6,000+ existing reports covering segments like oil
and gas, power,
and smart
grid. This subscription nets you thousands in savings, while
staying connected to Technavio’s constant transforming research library,
helping you make informed business decisions more efficiently.

About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 630 333 9501
UK: +44 208 123 1770
www.technavio.com