Core Insights - The introduction of RTK technology has led to rapid upgrades in lawn mowing robots, resulting in a surge in demand for boundary-less lawn mowers and wireless pool cleaning robots [1][2] - The global lawn mower market is projected to reach $10 billion by 2024, with a compound annual growth rate (CAGR) of 2% from 2013 to 2023, driven by strong demand in Europe and the US [1] - The penetration rate of boundary-less lawn mowers is expected to increase significantly, with sales projected to reach approximately 6 million units, accounting for 30% of total lawn mower sales [2] Lawn Mower Industry - The global lawn mower market is characterized by a strong demand for outdoor power tools, with private gardens in Europe and the US totaling 180 million, making lawn maintenance a frequent necessity [1] - The sales of lawn mowing robots saw a year-on-year increase of 327% in the first half of 2025, with boundary-less models accounting for 65% of total sales [2] - Domestic companies are rapidly iterating products and enhancing their competitive edge, with firms like Ninebot, Ecovacs, and others leading in technology integration [3] Pool Cleaning Robot Industry - The global pool robot market is expected to grow significantly, with retail sales projected to reach $2.5 billion by 2024, reflecting a CAGR of 16% from 2019 to 2024 [4] - The penetration rate of pool cleaning robots is anticipated to rise from 18% in 2019 to 26% in 2024, with expectations to reach 34% by 2029 [4] - Wireless pool cleaning robots are becoming mainstream, with expected sales of 2 million units in 2024, representing a CAGR of 81% from 2019 to 2024 [4] Company Insights - Wangyuan Technology, a leader in the wireless pool robot market, holds a 20% market share and is positioned to strengthen its market presence through continuous innovation and expansion of its product matrix [5] - The company has a high revenue contribution from wireless products, with 89% of its income coming from this segment, and a significant online sales presence [5] - The introduction of advanced navigation technologies, such as underwater laser radar, is expected to enhance the performance of pool robots and drive market growth [6]