Powered Lawn Mowers Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0207828
  • Format: Electronic (PDF)
  • Number of Pages: 207
  • Author(s): Joshi, Madhavi

Report Overview

The Powered Lawn Mowers Market size was estimated at USD 9.8 billion in 2023 and is projected to reach USD 14.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.90% during the forecast period (2024-2030).

Powered Lawn Mowers Market

(Market Size)
$9.8 billion
$14.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 5.90%
2023 Market Size USD 9.8 billion
2030 Market Size USD 14.5 billion
Key Players Husqvarna, John Deere, MTD, Toro, STIGA

Market Summary

The powered lawn mowers market is an integral segment within the manufacturing and construction industry, catering primarily to residential, commercial, and municipal landscaping needs. This market encompasses a range of equipment including walk-behind mowers, riding mowers, and robotic mowers, all designed to enhance efficiency and precision in grass cutting and lawn maintenance. The demand is driven by the expanding construction of residential complexes, public parks, sports fields, and golf courses, which require regular and professional-grade lawn care. Technological advancements have led to the development of more efficient, environmentally friendly, and user-friendly mowers, with a noticeable shift towards battery-powered and autonomous models. Key players are continuously innovating to meet evolving consumer preferences for reduced noise, lower emissions, and enhanced durability. The market is characterized by intense competition, with manufacturers focusing on product differentiation through features like smart connectivity, improved battery life, and ergonomic designs. Regional variations in climate, urbanization rates, and disposable income levels significantly influence market dynamics, making it a diverse and globally active sector.

Key Highlights

The powered lawn mowers market showcases several key highlights that underscore its growth and evolution. There is a pronounced trend towards sustainability, with electric and battery-powered mowers gaining substantial traction over traditional gas-powered models due to stricter environmental regulations and growing consumer eco-consciousness. Robotic lawn mowers represent a cutting-edge segment, offering automation and convenience for residential users, and are increasingly incorporating GPS and smart home integration. The commercial segment remains a robust driver, fueled by landscaping services and large-scale grounds maintenance contracts. Product innovation is relentless, with companies like Husqvarna, John Deere, and Toro introducing models with enhanced cutting systems, improved safety features, and reduced maintenance requirements. The aftermarket for parts and accessories is also thriving, providing ongoing revenue streams. Additionally, the market benefits from seasonal demand patterns, particularly in regions with distinct growing seasons, prompting strategic inventory and marketing efforts by manufacturers and retailers alike.

Drivers, Opportunities & Restraints

Several drivers propel the powered lawn mowers market forward. The expansion of the global construction industry, particularly in residential and commercial infrastructure, directly increases the need for lawn maintenance equipment. Rising disposable incomes in emerging economies enable more households to invest in quality lawn care tools, while the growing popularity of well-manicured lawns and outdoor living spaces boosts demand. Technological advancements, such as the development of longer-lasting lithium-ion batteries and IoT-enabled devices, present significant opportunities for market growth and product premiumization. However, the market faces restraints including the high initial cost of advanced robotic and zero-turn mowers, which can deter price-sensitive consumers. Seasonal demand fluctuations can lead to challenges in inventory management and cash flow for businesses. Furthermore, increasing raw material costs and supply chain disruptions pose ongoing risks to manufacturing efficiency and profitability. Despite these challenges, the shift towards sustainable and automated solutions opens new avenues for innovation and market expansion.

Concentration Insights

The powered lawn mowers market exhibits a moderately concentrated landscape with a mix of established multinational corporations and specialized regional players. North America and Europe are dominant regions, housing several key manufacturers such as MTD Products, Ariens Company, and STIGA Group. These companies benefit from strong brand recognition, extensive distribution networks, and robust R&D capabilities, allowing them to maintain significant market shares. Competition is intense, with firms competing on factors like product innovation, pricing, durability, and after-sales service. There is also a notable presence of private label brands offered by large retailers, which compete on price and accessibility. Mergers and acquisitions have been a strategic approach for larger players to expand their product portfolios and geographic reach. Meanwhile, smaller and niche manufacturers often focus on specific segments, such as commercial-grade equipment or ultra-quiet electric mowers, to carve out their market position. This concentration dynamic encourages continuous improvement and customer-centric strategies across the industry.

Type Insights

The powered lawn mowers market is segmented by type into walk-behind mowers, riding mowers, and robotic mowers, each catering to distinct user needs and preferences. Walk-behind mowers are the most common, favored for their affordability, maneuverability, and suitability for small to medium-sized lawns. They are available in gas, electric, and battery-powered variants, with cordless electric models experiencing rapid adoption due to their ease of use and environmental benefits. Riding mowers, including lawn tractors and zero-turn radius models, are designed for large properties and commercial applications, offering superior power, speed, and comfort. Zero-turn mowers are particularly popular for their efficiency in cutting large areas quickly. Robotic mowers represent the premium and technologically advanced segment, operating autonomously and ideal for consumers seeking convenience and hands-free lawn maintenance. These are increasingly equipped with smart features like app control, obstacle detection, and programmable scheduling. Each type continues to evolve with enhancements in battery technology, cutting precision, and user interface, reflecting the market's response to diverse consumer demands.

Application Insights

Application insights reveal that the powered lawn mowers market serves primarily residential, commercial, and government/municipal sectors. The residential application dominates in terms of volume, driven by homeowners' desire for aesthetically pleasing lawns and the availability of a wide range of affordable and user-friendly products. Suburban households with larger yards often opt for riding or robotic mowers to reduce manual effort. The commercial application includes landscaping companies, golf courses, sports fields, and educational institutions, where reliability, durability, and high performance are critical. Commercial users typically invest in professional-grade equipment like zero-turn mowers and heavy-duty walk-behinds to handle extensive and frequent mowing tasks. Government and municipal applications involve the maintenance of public parks, gardens, and roadside green spaces, often requiring large-scale and efficient mowing solutions. This segment tends to prioritize equipment that offers low operational costs, compliance with emission standards, and minimal maintenance. The diversity in applications ensures a steady demand across various price points and product specifications.

Regional Insights

Regional insights indicate that North America holds a significant share of the powered lawn mowers market, attributed to high homeownership rates, large lawn sizes, and a strong culture of DIY landscaping. The United States is a major contributor, with demand fueled by both residential and commercial sectors. Europe follows closely, with countries like Germany, the UK, and France showing robust adoption due to well-established gardening traditions and increasing preference for robotic and electric mowers. Stringent environmental regulations in Europe accelerate the shift away from gas-powered models. The Asia Pacific region is emerging as a high-growth market, driven by rapid urbanization, rising disposable incomes, and the development of residential complexes and recreational spaces in countries such as China, India, and Australia. Latin America and the Middle East & Africa present nascent opportunities, with growth linked to urbanization and increasing investment in landscaping services. Regional climatic conditions also play a role, with warmer and wetter climates favoring higher frequency of lawn maintenance and thus greater equipment demand.

Company Insights

Company insights highlight that the powered lawn mowers market is led by several prominent players known for their innovation, quality, and global reach. Key companies include Husqvarna Group, which offers a comprehensive range of robotic, riding, and walk-behind mowers under brands like Husqvarna and Gardena. John Deere is renowned for its durable and high-performance riding mowers and lawn tractors, particularly favored in the commercial segment. The Toro Company excels with its zero-turn mowers and advanced irrigation solutions, catering to both residential and professional users. MTD Products, through its brands like Cub Cadet and Troy-Bilt, provides a wide array of affordable and reliable mowers. Ariens Company, with its Gravely and Ariens brands, focuses on commercial-grade equipment. STIGA Group and Briggs & Stratton are also significant contributors, emphasizing electric innovations and engine manufacturing, respectively. These companies invest heavily in R&D to enhance product efficiency, reduce environmental impact, and incorporate smart technologies, ensuring they remain competitive in a dynamic market.

Recent Developments

Recent developments in the powered lawn mowers market reflect a strong focus on technological innovation and sustainability. Major manufacturers have launched new models with improved battery life and faster charging capabilities, addressing key consumer concerns about cordless electric mowers. Husqvarna introduced its Automower? NERA series with enhanced navigation and connectivity features, reinforcing its leadership in robotic mowing. John Deere expanded its zero-turn mower lineup with models featuring improved comfort and cutting systems. There is increasing integration of IoT and AI, allowing users to control mowers via smartphone apps and receive maintenance alerts. Partnerships and acquisitions have been strategic, such as MTD's ongoing efforts to strengthen its distribution network. Environmental initiatives are prominent, with companies phasing out gas-powered models in regions with strict emissions standards and promoting recycling programs for batteries and components. These developments indicate a market rapidly adapting to consumer preferences for convenience, efficiency, and eco-friendliness.

Report Segmentation

This market report on powered lawn mowers offers a detailed segmentation to provide comprehensive insights. The segmentation is based on type, which includes walk-behind mowers, riding mowers, and robotic mowers, each analyzed for their market dynamics, technological trends, and consumer adoption rates. Application segmentation covers residential, commercial, and government/municipal sectors, highlighting specific demand drivers, usage patterns, and growth prospects in each category. Regional segmentation divides the market into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, examining regional preferences, regulatory impacts, and competitive landscapes. Additionally, the report may segment by power source, such as gas-powered, electric corded, and battery-powered mowers, to address the evolving energy trends. This multi-faceted segmentation allows stakeholders to identify niche opportunities, understand regional variations, and make informed strategic decisions regarding product development, marketing, and investment.

FAQs

What are the different types of powered lawn mowers available? The main types are walk-behind mowers, riding mowers, and robotic mowers. Walk-behind mowers are popular for smaller lawns, riding mowers suit larger areas, and robotic mowers offer automated operation for convenience.

Which companies are the leading manufacturers in the powered lawn mowers market? Leading companies include Husqvarna, John Deere, Toro, MTD Products, Ariens Company, and STIGA Group, known for their innovative and reliable lawn care equipment.

What is driving the growth of the powered lawn mowers market? Growth is driven by expansion in construction, rising disposable incomes, technological advancements, and increasing consumer preference for well-maintained lawns and sustainable landscaping solutions.

How are robotic lawn mowers evolving in the market? Robotic lawn mowers are evolving with features like GPS navigation, smart device integration, obstacle detection, and improved battery efficiency, making them more autonomous and user-friendly.

What are the key applications of powered lawn mowers? Key applications include residential lawn care, commercial landscaping for golf courses and sports fields, and municipal maintenance of public parks and green spaces.

Which regions are prominent in the powered lawn mowers market? North America and Europe are prominent regions due to high homeownership and landscaping traditions, while Asia Pacific is emerging as a fast-growing market with increasing urbanization.

Citius Research has developed a research report titled “Powered Lawn Mowers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Powered Lawn Mowers Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Powered Lawn Mowers Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Powered Lawn Mowers Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Powered Lawn Mowers Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Powered Lawn Mowers Market
• Research Methodology
• Executive Summary
• Market Dynamics of Powered Lawn Mowers Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Powered Lawn Mowers Market
• Cost and Gross Margin Analysis of Powered Lawn Mowers Market
• Powered Lawn Mowers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Powered Lawn Mowers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Powered Lawn Mowers Market Key Stakeholders

Below are the key stakeholders for the Powered Lawn Mowers Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Powered Lawn Mowers Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Powered Lawn Mowers Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Powered Lawn Mowers Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Powered Lawn Mowers Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Powered Lawn Mowers Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Powered Lawn Mowers Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Powered Lawn Mowers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Powered Lawn Mowers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Powered Lawn Mowers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Powered Lawn Mowers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Powered Lawn Mowers Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Powered Lawn Mowers Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Powered Lawn Mowers Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Powered Lawn Mowers Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Powered Lawn Mowers Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Powered Lawn Mowers Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Powered Lawn Mowers Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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