Lawn Mower Market

The article provides insights into the global lawn mower market, forecasting an upward trend in consumption over the next eight years. Key findings include a slowdown in market performance, with expected growth in volume and value terms. The analysis covers consumption patterns, highlighting China as the largest consumer and producer, followed by India and the United States. Additionally, details on key importers and exporters, along with average prices and growth rates, offer a comprehensive overview of the market.

Market Forecast

Driven by increasing demand for mowers for lawns, parks, golf courses or sports grounds worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 72M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $34.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Mowers for Lawns, Parks, Golf Courses or Sports Grounds

In 2022, after two years of growth, there was decline in consumption of mowers for lawns, parks, golf courses or sports grounds, when its volume decreased by -2.1% to 67M units. The total consumption volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak volume of 68M units, and then contracted modestly in the following year.

The global lawn mower market value reduced to $27B in 2022, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $27.4B, and then reduced slightly in the following year.

Consumption By Country

The country with the largest volume of lawn mower consumption was China (17M units), accounting for 25% of total volume. Moreover, lawn mower consumption in China exceeded the figures recorded by the second-largest consumer, India (6.4M units), threefold. The United States (6.1M units) ranked third in terms of total consumption with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +3.3%. In the other countries, the average annual rates were as follows: India (+2.6% per year) and the United States (-4.8% per year).

In value terms, China ($4.9B), India ($3.6B) and Japan ($2.9B) constituted the countries with the highest levels of market value in 2022, together accounting for 42% of the global market. The United States, Pakistan, Germany, Mexico, Belgium, Bangladesh, South Korea, Australia, France and the UK lagged somewhat behind, together accounting for a further 35%.

In terms of the main consuming countries, Belgium, with a CAGR of +26.7%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of lawn mower per capita consumption was registered in Belgium (177 units per 1000 persons), followed by Australia (44 units per 1000 persons), Japan (33 units per 1000 persons) and Germany (32 units per 1000 persons), while the world average per capita consumption of lawn mower was estimated at 8.5 units per 1000 persons.

From 2012 to 2022, the average annual growth rate of the lawn mower per capita consumption in Belgium amounted to +28.9%. In the other countries, the average annual rates were as follows: Australia (+4.6% per year) and Japan (+3.7% per year).

Production

World Production of Mowers for Lawns, Parks, Golf Courses or Sports Grounds

After two years of growth, production of mowers for lawns, parks, golf courses or sports grounds decreased by -7.3% to 70M units in 2022. The total output volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 23% against the previous year. Global production peaked at 76M units in 2021, and then declined in the following year.

In value terms, lawn mower production fell to $29B in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, production reached the peak level of $30.2B, and then reduced slightly in the following year.

Production By Country

The country with the largest volume of lawn mower production was China (34M units), comprising approx. 49% of total volume. Moreover, lawn mower production in China exceeded the figures recorded by the second-largest producer, India (6.4M units), fivefold. Japan (4.2M units) ranked third in terms of total production with a 6% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +9.7%. In the other countries, the average annual rates were as follows: India (+2.7% per year) and Japan (+3.3% per year).

Imports

World Imports of Mowers for Lawns, Parks, Golf Courses or Sports Grounds

In 2022, purchases abroad of mowers for lawns, parks, golf courses or sports grounds increased by 3.2% to 24M units, rising for the third year in a row after two years of decline. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 72% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, lawn mower imports rose remarkably to $7.7B in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, the United States (4.1M units) and Germany (4M units) represented the key importers of mowers for lawns, parks, golf courses or sports groundsacross the globe, together mixing up 33% of total imports. Belgium (2.6M units) took the next position in the ranking, followed by France (2.2M units), the Netherlands (1.4M units) and Australia (1.2M units). All these countries together held approx. 30% share of total imports. Poland (957K units), Canada (802K units), the UK (753K units), the Czech Republic (671K units), Italy (646K units), Sweden (524K units) and Austria (487K units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +21.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.3B), Germany ($1.2B) and France ($716M) constituted the countries with the highest levels of imports in 2022, with a combined 41% share of global imports.

In terms of the main importing countries, the United States, with a CAGR of +18.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average lawn mower import price amounted to $316 per unit, increasing by 9.1% against the previous year. In general, the import price, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 10% against the previous year. Over the period under review, average import prices attained the peak figure at $472 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($511 per unit), while Belgium ($154 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Mowers for Lawns, Parks, Golf Courses or Sports Grounds

After two years of growth, shipments abroad of mowers for lawns, parks, golf courses or sports grounds decreased by -10.7% to 28M units in 2022. In general, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 118% against the previous year. The global exports peaked at 31M units in 2021, and then dropped in the following year.

In value terms, lawn mower exports expanded rapidly to $7.5B in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 31% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports By Country

China prevails in exports structure, accounting for 17M units, which was near 62% of total exports in 2022. It was distantly followed by Germany (1.4M units), creating a 5% share of total exports. The United States (1,083K units), the Netherlands (1,014K units), Austria (832K units), France (827K units), Belgium (751K units), the Czech Republic (726K units), Slovakia (603K units) and Hungary (474K units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the mowers for lawns, parks, golf courses or sports grounds exports, with a CAGR of +28.4% from 2012 to 2022. At the same time, the Czech Republic (+21.1%), the Netherlands (+15.9%), Austria (+9.9%), Belgium (+8.0%), Hungary (+7.4%), Germany (+5.6%) and France (+1.8%) displayed positive paces of growth. By contrast, the United States (-7.0%) and Slovakia (-11.2%) illustrated a downward trend over the same period. While the share of China (+48 p.p.) and the Czech Republic (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (-3 p.p.), France (-3.8 p.p.), Slovakia (-17.2 p.p.) and the United States (-18.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($2.4B), the United States ($1.3B) and Germany ($436M) constituted the countries with the highest levels of exports in 2022, with a combined 54% share of global exports. France, Belgium, the Netherlands, Austria, the Czech Republic, Slovakia and Hungary lagged somewhat behind, together comprising a further 24%.

The Czech Republic, with a CAGR of +17.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average lawn mower export price stood at $268 per unit in 2022, increasing by 26% against the previous year. Overall, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 31%. As a result, the export price attained the peak level of $578 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,186 per unit), while China ($136 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+13.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform