Electric Lawn Mower Market Estimated to Exhibit 6.6 CAGR through 2018 to 2028
Fact.MR has announced the addition of the “ Electric Lawn Mower Market ” : Global Industry Analysis and Opportunity Assessment, 2018 to 2018 to 2028" report to their offering. Electric lawn mowers are catching the imagination of a rapidly growing ‘environmentally-conscious’ demographic. Demand is also positively influenced by significant upgrades in battery power and precision cutting. On the coattails of these factors, global sales are likely to surpass 10 million units in 2019, equating a market value in the vicinity of US$ 9 Bn. Demand for electric lawn mowers – subdued in the past due to low battery life and inappropriate mowing capacity – has been gaining ground at a quick pace. Lawn mower manufacturers have been quick to assess end-user demand, and the market has witnessed launch of several electric variants that can rival gasoline based variants for longevity and precision. However, the report finds that high price of electric lawn mowers continues to b...