Lawn Mowers Market expected to register at CAGR of 5.7% from 2022 to 2030
Lawn Mowers Industry Overview The global lawn mowers market size reached USD 30.4 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030. COVID-19 in 2020 led to a slight decline in market growth due to supply chain disruptions; however, over the forecast period, the market growth will be reasonably modest considering added consumer interest in home gardening activities. Apart from supply chain hiccups, uncertain economic conditions resulted in a temporary dip in consumer spending, impacting the demand in 2020. However, with work from home, consumers have time to engage in activities like gardening, paving the way for the residential lawn mowers segment growth. In addition to this prevalence of households with dual-income has also increased consumer spending power, with demand for lawn maintenance activities on a rise. In 2021, the global market rebounded to pre-COVID levels due to increased demand for battery-powered lawn mo...