Battery is an enclosed cell comprising electrodes, electrolytes, separators, additives, and binders. It produces electric energy through conversion of chemical energy. Lawn mower is a hand-operated or power-driven machine used to cut the grass over a lawn. It either uses a single revolving blade or a number of revolving blades to cut the grass at an even height. Battery operated lawn mower employs a rotating blade, which moves in vertical axis known as rotary mowers. Blades rotating in horizontal axis are called cylinder or reel mowers. These mowers are compatible with small engines and function on a wide variety of grass conditions. Battery assisted lawn mowers are suitable for small residential lawns and gardens, while heavy battery operated lawn mowers are applicable for larger lawns in golf courses and municipal parks.
The global lawn mower battery market is primarily driven by the increase in demand for lawn mowers in residential and commercial sectors for gardening purposes. The need to improve the artistic and esthetic appeal of residential and commercial properties with greener areas is expected to escalate the demand for landscaping gardens and lawns. Rise in government initiatives toward environment sustainability and expansion of municipal gardens is likely to boost the global lawn mower battery market. Natural calamities such as floods, droughts, and heavy snowfalls can adversely impact lawns and gardens. The need to repair and reconstruct such greener areas is also anticipated to boost the demand for electric lawn mowers and ultimately drive the lawn mower battery market. Furthermore, the advancement in hybrid lawn mowers is projected to offer lucrative opportunities to the lawn mower battery market. Hybrid lawn mowers feature lightweight properties with suitable battery capacities. Robotic lawn mower is one of the latest state-of-the-art technologies adopted for fine and precise lawn mowing. Increase in usage and availability of such innovative products is projected to contribute to the growth of the global lawn mower battery market. However, maintenance of batteries installed in lawn mowers and the need to monitor and replace them regularly are projected to hamper the lawn mower battery market.
Based on type, the lawn mower battery market can be segmented into lithium ion, lead acid, and others. The lead acid segment holds key share of the global lawn mower battery market. However, adoption of lithium ion batteries in electric lawn mowers is expected to increase significantly, owing to its durability, efficient performance, and maintenance-free features.
In terms of end-user, the lawn mower battery market can be divided into residential and commercial. The commercial segment accounts for significant share of the global lawn mower battery market. Lawn mowers are predominantly used in soccer stadiums, golf courses, athletics stadiums, etc. in the sports industry. They are also used largely in municipal gardening applications.
Based on geography, the lawn mower battery market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The lawn mower battery market in North America is anticipated to expand at a rapid pace due to the increase in landscaping services and rise in disposable income of consumers. Europe and Asia Pacific also constitute prominent share of the market, owing to the increase in demand for electric lawn mowers for esthetic and recreational purposes.
Key players operating in the global lawn mower battery market include East Penn Manufacturing Company, Exide Technologies, Harris Battery, Johnson Controls, Marshall Batteries, Trojan Battery Company, Yuasa Battery Inc., An Hui Uplus Energy Technology Co., Ltd., and Yucell Industry Limited.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.