Global Lawn Mower Batteries Market 2017-2021

Overview of the global lawn mower batteries market

Technavio’s market research report predicts that the global lawn mower batteries market will grow at a CAGR of almost 5% during the forecast period. One of the primary drivers for market growth is the rising trend of improving the aesthetic appeal of residential and commercial properties with green areas, patios, and yards. The need for enhancing the aesthetic appeal of properties to increase the market value, consequently improves the interest towards landscaping lawns and gardens. Also, the government initiatives to expand municipal gardens also attracts several players to the market. Additionally, unfavorable weather conditions such as floods, dry summers, and heavy snowfall also increase the need for the repair of different types of landscapes like lawns, trees, hedges, and gardens. This will boost the demand for electric lawn mowers, which will in turn, drive the growth of the lawn mower batteries market.

According to our lawn mower batteries market research, The development of hybrid lawn mowers is one of the latest trends that will contribute to the growth of the market in the coming years. One of the biggest challenges of battery-powered mowers is the low battery capacity. This will result in the development of hybrid electric lawn mowers. One of major lawn mower manufacturers Raven has already developed a hybrid mower equipped with an onboard charging system. The mower is fitted with a 420cc engine that powers the onboard 7,100 W generator, which powers the blades and charges the batteries.

Competitive analysis and key vendors

The lawn mower batteries market consists of numerous global, local, and regional vendors. The manufacturers of Li-ion batteries are largely fragmented and generally small or local vendors manufacture Li-ion batteries for lawn mowers. With the rise in the use of Li-ion batteries in the lawn mower market, vendors are likely to enhance their product portfolios. Intense competition, rapid advancements in technology, frequent changes in government policies, and environmental regulations, are some of the factors that pose as major challeneges to the growth of the vendors in this marketspace.

Key vendors in the market are:

• East Penn Manufacturing
• Exide Technologies
• Johnson Controls
• Trojan Battery
• Yuasa Battery

Other prominent vendors include ANHUI UPLUS ENERGY TECHNOLOGY, Harris Battery, Marshall Batteries, and Yucell Industry.

Segmentation by battery type and analysis of the lawn mower batteries market

• Li-ion
• Lead-acid

During 2016, the lead-acid segment dominated the lawn mower batteries market. This was mainly due to the rising demand for sealed maintenance batteries in the developing countries and the growth in the use of landscaping equipment. However, this market study estimates that due to the enhanced features and benefits such as twice the run time, better energy density, and longer battery life, the Li-ion segment will account for the major shares and dominate the market by the end of the forecast period.

Geographical segmentation and analysis of the lawn mower batteries market

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounted for the majority shares of the lawn mower batteries market during 2016 and is foreseen to continue its dominance during the forecast period as well. The major contributoing factors to the growth of the market in the region will be the rise in the overall expenditure on lawns and gardens in the US and the need for aesthetic appeal in the commercial and residential properties for official and recreational activities that favors landscaping.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global lawn mower batteries market?
• What are the key market trends impacting the growth of the global lawn mower batteries market?
• What are the challenges to market growth?
• Who are the key vendors in the global lawn mower batteries market?
• What are the market opportunities and threats faced by the vendors in the global lawn mower batteries market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global lawn mower batteries market?

Technavio also offers customization on reports based on specific client requirement.

Power lawn mowers have advanced from the traditional hand-guided mowers to automatic electric mowers which use batteries. Generally, batteries refer to technologies that are used to store energy, which can be used at the time of power shortages, blackouts, or when the demand for the power supply is high. This upcoming market research report on the global lawn mower batteries market is an important part of the energy industry and provides indispensable information on rapidly booming markets like power and oil and gas. With an aim to help clients gain a competitive edge over the other players in the market, Technavio offers information on the market drivers and also enlists all the chief vendors in the energy industry.

Market research experts at Technavio conform to a combination of qualitative and quantitative research techniques and also carry out an extensive analysis of factors such as technological advancements and the uncertain demand and supply across the globe, to accurately predict the growth possibilities of the energy storage industry. To help the clients form new strategies to enter the new market, our upcoming industry research report on the global lawn mower batteries market for the forecast period 2017-2021 proposes executable strategies derived from the data collected from reliable sources of market intelligence such as manufacturers, channel partners, regulatory bodies, and stakeholders.

This upcoming industry research report on the global lawn mower batteries market also considers the growth of the related market such as vanadium redox battery and liquid air energy storage, which are expected to grow at a CAGR of around 8% and above 178%, respectively by the year 2021. Technological advancements have led to the progress of lightweight lawn mowers and battery-powered lawnmowers. The interest in gardening has increased due to the increase in the availability of such products. Technavio also provides customized reports based on the clients’ requests, which help the local vendors and global players augment their presence in the energy industry.

This upcoming industry research report on global lawn mower batteries market identifies the market drivers, emerging trends, and the challenges faced by the energy storage industry and also presents insights on markets like smart grid and water and waste management.