Zero turn mowers are a type of mowers that are used for grass cutting applications and provide applications for every lot size. The zero turn mowers have zero degree turning radius and turn on six pence, providing applications for different areas, such as golf courses, athletic fields, and parks. In addition, the zero turn mowers can be stand on, wall behind, or the riding mower.
According to the report published by Allied Market Research, the global zero turn mower market generated $854.0 million in 2020, and is estimated to generate $1.57billion by 2030, witnessing a CAGR of 6.1% from 2021 to 2030. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenarios, and competitive landscape.
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Due to the outbreak of the Covid-19 pandemic, the zero-turn mower market was affected negatively due to the restrictions on manufacturing activities, which also harmed the sales sector.
On the other hand, people began to dedicate more time to gardening during the lockdown, resulting in an increase in sales in the residential sector.
Moreover, industries are progressively returning to normal production and service, which is predicted to result in the re-starting of zero turn mowers businesses at full capacity.
The report offers detailed segmentation of the global zero turn mower market based on horsepower, cutting width, application, and region.
Based on horsepower, the more than 25 HP segment held the highest market share in 2020, accounting for around three-fifths of the total share, and is projected to maintain its leadership status during the forecast period. However, the less than 25 HP segment is estimated to grow at the fastest CAGR of 6.7% from 2021 to 2030.
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Based on application, the industrial segment accounted for the largest share in 2020, contributing to more than half of the global zero turn mower market, and is expected to maintain its lead position during the forecast period. However, the residential segment is projected to portray the highest CAGR of 6.4% from 2021 to 2030.
Based on region, North America contributed the highest share in 2020, accounting for more than half of the total share, and is expected to continue its dominant share in terms of revenue by 2030. However, Asia-Pacific is projected to manifest the largest CAGR of 7.9% during the forecast period.
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Leading players of the global zero turn mower market discussed in the research include Generac Power Systems, Inc., Deere & Company, Altoz, BigDog Mower Co., Ariens, Husqvarna AB, Textron Inc., Stanley Black & Decker, Inc., Bad Boy Mowers, and The Toro Company.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.