Industry Overview - The lawn mower industry plays a crucial role in agricultural planting, landscaping, public green space maintenance, and pasture management [1][16] - The Chinese lawn mower market is characterized by unique demand features, primarily used in public spaces due to the low proportion of private gardens in urban high-rise living [1][16] - The market size in China is projected to grow from 2.433 billion yuan in 2018 to 5.394 billion yuan by 2024, with a compound annual growth rate (CAGR) of 14.19% [1][16] Industry Development History - The lawn mower industry has evolved through three main stages: the manual mowing era (1830-1880), the mechanization era (1890-1950), and the intelligent era (1960-present) [5] - The first mechanical lawn mower was invented in 1830, leading to continuous improvements and innovations in design and functionality [5] Industry Policies - The development of the lawn mower industry in China is supported by national policies promoting agricultural mechanization and ecological protection [8] - Recent policies include increased subsidies for the replacement of agricultural machinery and support for the development of advanced agricultural equipment [10] Industry Supply Chain - The supply chain consists of upstream raw materials and components, midstream manufacturing, and downstream sales channels [11] - Key raw materials include steel, non-ferrous metals, rubber, and plastics, while components include engines and batteries [11] Current Market Trends - The global lawn mower market is expected to reach approximately $9.252 billion in 2024, with a projected growth to $10.195 billion by 2030 [15] - North America is the largest market, accounting for about 48.88% of global demand, driven by a strong culture of home gardening and landscaping regulations [15] Export Performance - In 2024, China's lawn mower exports reached 21.922 million units, a year-on-year increase of 59.6%, with export value rising by 50.26% to 17.589 billion yuan [18] - The first five months of 2025 saw exports of 13.6646 million units, reflecting a growth of 35.72% year-on-year [18] Competitive Landscape - The global lawn mower market is characterized by a competition between foreign brands and domestic players, with established brands like Husqvarna and Honda leading the market [21] - Chinese companies such as DAYE and Greebo are rapidly gaining market share through technological innovation and competitive pricing [21] Key Companies - Major companies in the industry include DAYE, Greebo, and others, with significant revenue growth reported in recent years [25][27] - For instance, DAYE's lawn mower revenue reached 1.558 billion yuan in 2024, a 93.3% increase [25] Future Development Trends - The industry is moving towards higher efficiency, with advancements in electric motor technology and lightweight materials expected to improve operational efficiency by over 30% [29] - Smart technology is becoming a key focus, with new products featuring AI algorithms for optimized mowing paths and remote control capabilities [30] - The shift towards low-carbon and environmentally friendly products is accelerating, with electric models increasingly replacing traditional gasoline-powered mowers [31]