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Lawn Mowers Market Size to Hit Around USD 55.81 BN by 2030

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London, Aug. 18, 2022 (GLOBE NEWSWIRE) — Precedence Research, Recently Announced Report on “Lawn Mowers Market (By Product; By End User; By Lawn Size; By Propulsion Type; By Level of Autonomy; By Battery Type; By Distribution Channel) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030”.

Key Insights:

  • The electric-powered lawn mowers product segment is growing at a CAGR of 5.2% over the forecast period.
  • The robotic lawn mowers product segment is growing a CAGR of 10.3% from 2022 to 2030.
  • Based on end user, the commercial gardening or government segment is expanding growth at a CAGR of 4.9% from 2022 to 2030.
  • The North America is anticipated to grow at a CAGR of 6.1% from 2022 to 2030.

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Why North America region dominates the lawn mowers market?

  • North American region is expected to dominate the market during the forecast period. There is a great demand for these equipments in the North American region as the houses in the North American region have good garden spaces in front of the house. In the European region the demand for lawn mowers is expected to reduce due to rapid urbanization. The sizes of the garden in the European region have reduced.
  • Maximum demand for the lawn mowers was from the North American region and the European region. About 30% of the houses in the United States have kitchen gardens. Till date most of the houses have the kitchen garden. Also, there is a lawn in the backyards of most of the houses in the United States. It accounts to about 70% of the total number. The whale ability of these equipments for maintaining the lawn will create opportunities for the growth of the market during the forecast period. The original equipment manufacturers will continue to increase the production of these lawnmowers.
  • The North American region is expected to see a compound annual growth rate of 6% in the coming years. During the pandemic the demand for the maintenance activities had gone up. Most of the original equipment manufacturers that are located in the North American region will face issues related to the expensive cost of transportation and delays in the supply of raw materials. In the past the shortage of semiconductors had also affected the market to a great extent.

Reasons to Purchase this Report:

  1. Estimates 2022-2030 Market development trends with the recent trends and SWOT analysis
  2. Market dynamics scenario, along with growth opportunities of the Market in the years to come
  3. Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
  4. Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the Market.
  5. Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
  6. Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  7. Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Report highlights

  • Of the product the electric powered equipment has a ratio off high torque to weight and this will be your driving factor. The durability of the equipment is increased due to the advancements in the technology. The electric mowers are expected to dominate the market as there is a great demand for this equipment and it happens to be a popular choice. There shall be an increased use of robotic mowers in the coming years especially due to the demand from the tech savvy consumers. These equipments are environment friendly and convenient to use. Also, these equipments are offered in the market at and a fordable price which will be beneficial in driving the growth of the market in the coming years.
  • There shall be an increased use of these equipments in the residential areas. In order to maintain the gardens and green spaces the demand for this equipment is expected to grow during the forecast period. Rapid urbanization has also created a demand for these equipments for maintaining the landscapes and the green areas.
  • Although the demand for these equipments have dropped in the European region due to rapid urbanization but the demand is expected to grow in other regions especially the Asia Pacific region. As these equipments are offered on the online platforms the demand is expected to grow.
  • During the pandemic the worldwide lockdowns had created a good amount of demand for these products among the consumers that did leisure gardening activities.

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Scope of the Report

Report Attributes Details
Market Size in 2021 USD 31.6 Billion
Revenue Forecast by 2030 USD 55.81 Billion
CAGR 6.52% from 2022 to 2030
Largest Market North America
Fastest Growing Region Asia Pacific
Base Year 2021
Forecast Year 2022 to 2030
Key Players American Honda Motor Co., Inc., Fiskars, Husqvarna Group, MTD Products, Robert Bosch GmbH, Robomow Friendly House, The Toro Company, Ariens Company, Briggs Stratton, Deere & Company, Falcon Garden Tools

Market Dynamics

What are the drivers of lawn mowers market?

  • The demand for the lawn mowers is expected to grow in the coming years due to rapid urbanization in the developing nations. The availability of loans in the residential places will drive the market grow during the forecast period. In order to maintain the garden as well as the lawns in the residential spaces the demand for these equipments is expected to grow.
  • The rapid urbanization will lead to the development of many smart cities which shall give rise to the greenspaces. And in order to maintain these parks and launch the demand for the equipment is expected to grow during the forecast period.
  • Increased purchasing power at the hands of the consumers due to the dual income households the demand for better standard of living will create demand for these equipments. In the developing nations the demand for these equipments is expected to grow due to rapid urbanization even in these nations. There is a growth in the popularity of renting services for the lawn mowers. As the demand for these equipments is growing renting is an option that can be taken by many. Due to urbanization the garden and lawn in cities will also occupy large space and create demand for these equipments.

Restraints

The existing policies and the barriers in trade hamper the growth of the market. Few products are affected due to the change in the relationship of various countries. Trade policies are also affected to a great extent. Political unrest may also create restrictions on trade which hamper the growth of the market.

Opportunities

Due to the growing popularity of artificial intelligence technology which is used in the various systems across the globe will affect the market. The use of artificial intelligence will be favorable especially in the robotic systems. Integration of the mowers along with the applications has enabled altering of the settings or the frequency for which the moving needs to be done. Due to the use of the GPS technology indoor robotic mowers moving is done without the human interference. The robots used as lawn mowers operates in the entire area where there is a presence of the grass and stops at the boundary.

Challenges

The amount of pollution caused by the lawn mowers that make use of gas is equivalent to the pollution caused by 11 cars. Some of the high-end mowers when used for an hour will cause a pollution equivalent to the car which is driven for 150 kilometres. All of the studies relating to the pollution caused by the use of lawn mowers have shown that the use of this equipment hampers to environment.

The number of pollutants that are let out in the air extremely toxic. There has been constant research and development in order to provide battery operated lawnmowers that will be instrumental in reducing the pollution across the globe. The presence of the stringent policies associated with the emissions maybe one of the major challenges for the group of the market during the forecast period.

Recent Developments

  • In the year 2020 an autonomous or a robotic mowers was introduced which would be of great help to the professionals in the market. CEORA was launched by Husqvarna explicitly for the professionals.

Market Segmentation

By Product

  • Manual
  • Electric
  • Robotic
  • Patrol
  • Others

By End User

  • Commercial
  • Residential

By Lawn Size

  • Small
  • Medium
  • Large

By Propulsion Type

  • Internal Combustion Engine Type
  • Electric

By Level of Autonomy

  • Autonomous
  • Non-Autonomous

By Battery Type

  • Lithium-ion
  • Lead acid

By Distribution Channel

  • Online channel
  • Retail channel

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

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Artificial Intelligence

Invoca Wins CX Today Award for Best Conversational Intelligence Solution of 2024; Launches European Data Centre and Adds UK Sales Leader

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CX Today recognises Invoca as the foremost visionary in the Conversational Intelligence category. Additionally, expands its European presence with a new Data Centre and the appointment of Duncan MacPherson as UK Director of Sales.
LONDON, March 28, 2024 /PRNewswire/ — Invoca, the leading revenue execution platform for revenue teams, has won the CX Today Award for ‘Best Conversational Intelligence Solution’ of 2024. CX Today, the leading international news publication honouring excellence in CX technology, hosted the CX Awards to honour excellence in CX leadership, technology innovation, and industry success.

“Invoca’s exceptional work in conversational intelligence has helped push the category forward, and we are thrilled to see their accomplishments acknowledged at CX Awards 2024,” said Charlie Mitchell, Senior Editor at CX Today and host of the awards.
The award recognises Invoca’s strength in empowering revenue teams across marketing, contact centre sales, and customer experience to enhance buying experiences, increase high-value leads, and boost revenue. For businesses that acquire customers over the phone, Invoca enables these digital marketing and contact centre teams to collaborate to drive revenue growth. Invoca stands out for capturing deep insights from consumer calls and digital interactions and ingesting revenue driven by calls and other metadata from CRM and contact centre solutions, making Invoca the source of truth for consumer engagements.
“We’re thrilled to be named the Best Conversational Intelligence Solution of 2024 by CX Today as we highlight our longstanding vision to help brands acquire customers and grow their revenue,” said Gregg Johnson, CEO of Invoca. “As AI pioneers in this space, having first introduced our broad base of patented AI technologies in 2015, artificial intelligence and machine learning are core to helping companies improve the customer experience and connect the buyer journey.”
The CX Awards’ judging panel, including Dan Miller, Lead Analyst at Opus Research, reviewed hundreds of applications for their organisation’s ability to improve overall customer experience through innovation and high-impact features.
“Invoca continues to demonstrate that they are a clear leader in conversational intelligence AI. We recognised Invoca for their ability to employ a sophisticated blend of AI technologies — including patented machine learning, generative AI, voice biometrics, and deep learning neural networks, to drive revenue,” said Dan Miller, CX Awards judge and Lead Analyst at Opus Research.
Invoca Launches New European Platform and Data Centre Amid U.K. Sales Leadership Expansion
Invoca continues to reinforce its commitment to maintaining data excellence with unwavering reliability and strict adherence to security standards. Protecting customer data privacy remains a top priority, particularly given the heightened concerns surrounding security and privacy. Invoca’s new European platform and localised data centres support its growing customer base by ensuring all customers can adhere to the highest level of enterprise-grade data privacy, and GDPR compliance standards. Invoca’s powerful EU-based infrastructure enables its customers to recreate the same Invoca experience using the full feature suite while maintaining the highest standards of quality.
Invoca has also welcomed Duncan MacPherson as UK Director of Sales. MacPherson brings extensive experience with large companies and start-ups selling customer engagement solutions. This is part of an overall expansion in the UK market, which includes hiring a localised sales and customer success team, sales development, and marketing support.
More Information:
See the results you can get with Invoca’s award-winning conversation intelligence: https://www.invoca.com/customersInvoca’s GDPR Compliance: Everything You Need to Know: https://www.invoca.com/blog/invocas-gdpr-compliance-everything-you-need-to-knowWatch the CX Today Awards winners revealed on demand: www.cxtoday.com/cxawardsJoin Invoca’s talented team today: https://www.invoca.com/company/careersAbout InvocaInvoca is a revenue execution platform that connects marketing and sales teams to help them track and optimise the buying journey to drive more revenue. By using a comprehensive revenue execution platform with deep integrations with leading technology platforms, revenue teams can better connect their paid media investments directly to revenue, improve digital engagement, and deliver the best buyer experiences to drive more sales. With Invoca, top consumer brands, including AutoNation, DIRECTV, Mayo Clinic, Mutual of Omaha, and Verizon, experience unbelievable results powered by undeniable data. Invoca has raised $184M from leading venture capitalists, including Upfront Ventures, Accel, Silver Lake Waterman, H.I.G. Growth Partners, and Salesforce Ventures. For more information, visit www.invoca.com.
About CX AwardsHosted by CX Today, the awards ceremony has become the beacon of recognition for companies and professionals pushing the envelope in the CX technology sphere.
The CX Awards 2024 is here for its fourth year and is bigger and better than ever before! Winners of the 2023 awards included Vonage, Calabrio, and UJET and more. Then, the ceremony included exclusive streams from our people winners, Jay Patel from Webex and Kimberley Wood from Ultimate. Yet, this year’s event featured many more CX leaders who shared their unique takes on the space.
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Artificial Intelligence

ASC Achieves Certification for Webex Calling

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ASC announces compliance recording and AI-driven analytics tool for Webex Calling
HÖSBACH, Germany, March 28, 2024 /PRNewswire/ — ASC Technologies, a leading provider of comprehensive recording and analytics tools, announces its successful certification for Webex Calling with Webex by Cisco, a leading provider of collaboration technologies powering hybrid work and customer experience. This certification distinguishes ASC as one of the few global vendors who are authorized to provide record capabilities for Webex Calling communications. This capability is essential for organizations in regulated industries that must adhere to strict compliance standards.

A key benefit of the ASC solution is the simple and fast configuration in the Webex Control Hub, which ensures a high level of user-friendliness. In addition, ASC enables the migration of on-premise solutions to the cloud by seamlessly transferring recordings to the cloud environment. This step enables organizations to accelerate their digital transformation and take advantage of cloud-based services. In addition, AI-driven analytics, powered by ASC’s solutions, help organizations gain a comprehensive view of their communications, enrich customer relationships, and streamline compliance and risk management processes.
“As a stable company that has been established in the market for 60 years, we see the certification for Webex Calling not only as a confirmation of our technological expertise, but also as a promise to our customers and partners,” says Dr. Gerald Kromer, CEO of ASC. “We are committed to providing innovative and reliable solutions that meet the demands of today’s communications technologies while ensuring our customers’ compliance requirements.”
This certification is a further milestone in ASC’s successful partnership with Cisco, which has already existed for 20 years. ASC will be exhibiting at Enterprise Connect in Gaylord Palms, and Cisco Live in Las Vegas, showcasing its innovative recording and analytics solutions and demonstrating the results of its collaboration with Cisco. These events offer a glimpse into how ASC’s solutions drive efficiency and insight.
About ASC
ASC is a worldwide leading provider of software and cloud solutions in the field of omni-channel recording, quality management, and analytics. Among our target groups are all companies that record their communications, especially financial service providers, contact centers, and public safety organizations. We offer solutions for recording as well as AI-based analysis and evaluation of all communications – with full flexibility as a cloud service, on-premise or as a hybrid solution. Headquartered in Germany with subsidiaries in 14 countries and experienced system integration partners in over 60 countries, ASC is the #1 Europe-based player in its industry.
About Webex by Cisco
Webex is a leading provider of cloud-based collaboration solutions which includes video meetings, calling, messaging, events, customer experience solutions like contact center and purpose-built collaboration devices. At Webex, we start with people and their experiences first. This focus on delivering inclusive collaboration experiences fuels our innovation, which leverages AI and Machine Learning, to remove the barriers of geography, language, personality, and familiarity with technology. Our solutions are underpinned with security and privacy by design. We work with the world’s leading business and productivity apps – delivered through a single application and interface. Learn more at webex.com.
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Artificial Intelligence

WSPN and MathWallet Jointly Launch StableWallet, Pioneering AA Wallet for Web3

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TORTOLA, British Virgin Islands, March 28, 2024 /PRNewswire/ — WSPN, a global digital payments leader providing transparent, fast, and efficient solutions leveraging distributed ledger technology, has partnered with leading Web3 wallet provider MathWallet to launch StableWallet – a groundbreaking new account abstraction (AA) wallet that represents a major advancement in the Web3 space. StableWallet provides enhanced security, convenience, and flexibility for managing digital assets across multiple blockchains.

“Through our partnership with MathWallet, we are proud to introduce StableWallet, leveraging pioneering AA technology to transform digital asset management,” said Raymond Yuan, Founder of WSPN. “StableWallet exemplifies our commitment to driving innovation in digital payments and the Web3 ecosystem.”
Account abstraction (AA) wallets represent a significant leap forward in the Web3 ecosystem, blurring the lines between traditional private key wallets and smart contract-based accounts. By integrating both functionalities, AA wallets enable users to define their wallets through programmable smart contracts, unlocking a realm of advanced features and customization options.
Leveraging the transformative power of Account Abstraction, StableWallet stands at the forefront of security innovation, offering unmatched protection through advanced programmable recovery mechanisms and robust multi-signature controls. Seamlessly blending security with convenience, StableWallet ensures a user-centric experience by automating gas fees, simplifying transactions, and providing limitless customization possibilities through deep integration of programmable smart contracts.
Beyond its pioneering security measures, StableWallet serves as a pivotal link between the Ethereum and Polygon ecosystems, facilitating effortless asset management across diverse chains through a unified cross-chain interface. At its debut, StableWallet boasts essential features such as native support for Ethereum and Polygon networks, flexibility in fee token options with WUSD and USDT, and the capacity for multi-chain crypto smart contract wallet functionalities.
“We are thrilled to partner with WSPN and jointly unveil StableWallet’s powerful capabilities,” said Eric, CTO of MathWallet. “By combining cutting-edge account abstraction technology with robust security features and cross-chain compatibility, StableWallet empowers users to explore the decentralized realm with unparalleled confidence.”
Looking ahead, StableWallet has an ambitious roadmap to roll out new capabilities that will further elevate the user experience. Upcoming features include daily free transfers, batch transactions with one-click execution, enterprise multi-signature smart wallets, and integration with collaboration platforms, etc. These additions, among others, will continuously expand StableWallet’s functionality to meet evolving user needs in the Web3 space.
Whether for a seasoned cryptocurrency enthusiast or a beginner to the blockchain world, StableWallet offers a powerful tool to revolutionize user experience of digital asset management. Stay tuned for upcoming feature releases and network expansions as WSPN and MathWallet continue to push the boundaries of Web3 technology.
About WSPN
WSPN is a global digital payments company that provides transparent, fast, and efficient digital payment solutions leveraging the latest technological advancements of Distributed Ledger Technology (“DLT”). We are dedicated to shaping seamless digital payment solutions for our global partners worldwide at the frontier of future digital payments and financial inclusion.
Worldwide USD (‘WUSD’), WSPN’s flagship USD stablecoin, is a fiat-collateralized stablecoin that is pegged to the U.S. Dollar at a 1:1 ratio. Dedicated to optimizing payment solutions for web3 users, WUSD empowers the real economy through secure, transparent, and licensed digital payments, spanning stablecoins, exchanges and cards, all geared for global expansion.
Learn more: www.wspn.io  | Twitter | LinkedIn 
About MathWallet
MathWallet is the Multichain Wallet for Web3 that enables token storage of over 150 chains including BTC, ETH, Polkadot, Cosmos, Filecoin, Solana, BNBChain, etc, supports cross-chain token bridges and multi-chain dApp store. Our investors include Fenbushi Capital, Binance Labs, Fundamental Labs, Multicoin Capital, NGC Ventures, Amber Group, 6Eagle Capital.
Visit mathwallet.org for more information.
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