Report ID: UCMIG25H2050
Report ID:
UCMIG25H2050 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global market for zero turn mowers reached a value of USD 3.24 billion. Projections indicate that this market is set to expand further, with an estimated increase from USD 3.40 billion in 2023 to USD 5.06 billion by 2030, reflecting a growth rate of 5.9% during the forecast period. Zero turn mowers, especially riding ones, boast the advantage of cutting more grass per hour compared to conventional lawn mowers. These mowers have the unique capability of independently turning each wheel, allowing them to maintain precise cutting patterns without overlap.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Household Appliances by segment aggregation, the contribution of the Household Appliances in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25H2050