Global Lawn Mower Battery Market Research Report - Segmentation By Type (Lithium-Ion, Lead Acid and Others), End-user (Residential and Commercial) and Region - Industry Forecast of 2024 to 2032

Updated On: June, 2024
ID: 10701
Pages: 150

Global Lawn Mower Battery Market Size (2024-2032):

The size of the global lawn mower battery market was worth USD 230 million in 2023. The global market is anticipated to grow at a CAGR of 6.27% from 2024 to 2032 and be worth USD 398 million by 2032 from USD 244 million in 2024. 

Current Scenario of the Global Lawn Mower Battery Market

Some of the main drivers driving the global lawn mower battery market during the foreseen period are the need to improve the aesthetic and artistic appeal of commercial and residential properties with grassy surfaces and the adoption of green roofs in developing economies.

The lawn mower is a manual or motorized machine employed to cut grass on a lawn. It uses a single rotating blade or multiple rotating blades to cut the grass at a uniform height. Blades that rotate on the horizontal axis are called reel or reel mowers. These mowers are compatible with small engines and operate in a wide variety of turf conditions. Battery-powered lawn mowers are suitable for small residential lawns and gardens, while heavy-duty battery-powered lawn mowers are suitable for large lawns on golf courses and city parks. The lawn mower battery is an advanced technique for cutting grass. Traditionally, cutting activities were carried out manually or with guided mowers. But advances in technology have resulted in lightweight lawn mowers and electric lawn mower batteries. Lawnmower batteries are a modified technique that provides the energy needed to cut grass and are employed in hybrid lawnmowers. Advances in technology have made it easy and fast.

MARKET DRIVERS

The worldwide market for lawn mower batteries is primarily driven by the growing call for lawn mowers in the residential and commercial landscaping sectors.

The need to enhance the artistic and aesthetic appeal of residential and commercial properties with greener areas is predicted to increase the call for gardens and lawns. The surge in government initiatives for environmental sustainability and the expansion of municipal gardens are likely to drive the global lawn mower battery market. Natural disasters like floods, droughts, and heavy snowfall can adversely affect lawns and gardens. The need to repair and rebuild these greener areas is also predicted to drive calls for electric lawn mowers and ultimately drive the market for lawn mower batteries. Strict regulations in all sectors for the use of clean and renewable energy and sustainability goals set by international authorities are creating a call for large-scale lawn mower batteries. In addition to public sector infrastructure such as municipal gardens, governments are promoting battery-powered lawn mowers. This is precisely what is driving the call for battery-based products that help keep the environment clean. Today aesthetics and green spaces have become everyone's choice and ultimately in the call. In both residential and commercial spaces, green yards, gardens, and patios are gaining popularity in urban and semi-urban areas. The purchasing power of households is increasing with the emergence of dual-income households. This factor plays a vital role in improving spending relative to the aesthetic calls of the residence such as landscaping.

MARKET RESTRAINTS

The high maintenance costs of batteries and the need to monitor and replace them on a regular basis are foreseen to limit the industry in the coming years, As the COVID-19 pandemic has hit most industries hard, the expansion of the lawnmower battery industry has also come through a major crisis in 2020. The worldwide market for lawnmower batteries has also been through an investment crisis.

MARKET OPPORTUNITIES

Hybrid lawn mowers exhibit lightweight properties with adequate battery capacities. The robotic lawnmower is one of the latest advanced technologies adopted to cut grass with precision. The escalated use and availability of these innovative products are supposed to contribute to the expansion of the worldwide market for lawn mower batteries. Increasing technological advancements, the use of lithium-ion batteries in lawn mowers, and growing government initiatives for environmental sustainability are creating opportunities that will increase the call for lawn mower batteries over the conjecture period. The use of gasoline lawn mowers shares the main market of the worldwide market. Gasoline-powered lawn mowers are becoming a threat to clean and sustainable environmental expansion as they significantly worsen environmental pollution. But battery-powered lawn mowers are emerging as a potential alternative to gasoline-powered lawn mowers. Adopting battery-powered lawn mowers helps reduce pollution, which will increase the call for lawn mower batteries. The growing use of hybrid lawn mower is also driving the need for lawn motors.

MARKET CHALLENGES

Battery maintenance regulations and lead acid contamination are some of the factors that can hamper the market for lawn mower batteries.

IMPACT OF COVID-19 ON THE GLOBAL LAWN MOWER BATTERY MARKET

The battery industry has developed at a high speed in the last twenty years, supported by the rising power call of modern portable customer electronics, electric vehicles, and the escalating adoption of intermittent renewable power generation. With the rise of the COVID-19 pandemic, there is a sharp pullback in economic activity owing to compulsory lockdowns and other containment measures. According to the IMF World Economic Outlook published in June 2020, the world economy is set to post a -4.9% GDP growth rate in 2020. That will be a downgrade of 8.2% from January 2020.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

6.27%

Segments Covered

By Type, End User, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

East Penn Manufacturing Company, Exide Technologies, Harris Battery, Johnson Controls, Marshall Batteries, Trojan Battery Company, Yuasa Battery Inc., An Hui Uplus Energy Technology Co., Ltd., Yucell Industry Limited, and Others.

 

REGIONAL ANALYSIS

In terms of geography, the Americas accounted for the largest share of the global lawnmower battery market share in 2019 and is predicted to continue to dominate during the forecast period. The main factors that will contribute to the expansion of the market in the area will be the increase in general spending on lawns and gardens in the United States and the need for aesthetic appeal in commercial and residential properties for official and recreational activities that promote landscaping.

The North American lawn mower battery market is estimated to grow at a rapid rate due to escalated landscaping services and escalated disposable income from consumers. Europe and Asia-Pacific also account for a large share of the market, due to the growing call for electric lawn mowers for cosmetic and recreational purposes. North America, which holds the largest share of the worldwide lawn motor battery market, is predicted to grow at a faster rate thanks to increased landscaping services and the purchasing power of city citizens.

The US lawn mower battery market is estimated at $ 52.2 million in 2020. China, the world's second-largest economy, is supposed to reach a projected market size of $ 53.3 million by 2025, with a CAGR of 7% during the analysis period from 2020 to 2025. Other notable geographies include Japan and Canada, which are foreseen to develop with 2.5% and 3.4% respectively during the conjecture period 2023 -2029. In Europe, Germany is supposed to grow at around 3.1% CAGR.

KEY PLAYERS IN THE GLOBAL LAWN MOWER BATTERY MARKET

Companies playing a prominent role in the global lawn mower battery market include East Penn Manufacturing Company, Exide Technologies, Harris Battery, Johnson Controls, Marshall Batteries, Trojan Battery Company, Yuasa Battery Inc., An Hui Uplus Energy Technology Co., Ltd., Yucell Industry Limited, and Others.

RECENT HAPPENINGS IN THE GLOBAL LAWN MOWER BATTERY MARKET

  • Honda launches a new line of cordless products that includes its first cordless mower and introduces a smaller robotic mower. Honda is poised to herald a "new era of mowing" for the 2020 season, with several new and updated products in five categories in its line of lawn and garden machines.
  • Greenworks has launched its latest battery-powered equipment with its line of lithium-ion zero-turn mowers. The drive for more power and longer battery life is the result of industry trends showing an increase in the use of battery-powered equipment.

SEGMENTATION OF THE GLOBAL LAWN MOWER BATTERY MARKET INCLUDED IN THIS REPORT

This global lawn mower battery market research report has been segmented and sub-segmented based on type, end user and region.

By Type

  • Lithium-Ion
  • Lead Acid
  • Others

By End User

  • Residential
  • Commercial

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa 

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