Waterproofing Chemicals Market Is Anticipated To Drive The Market Growth Based On Growing Construction Industry Till 2022

Global Waterproofing Chemicals Market is expected to exceed USD 7 billion by 2022, according to a new study by Grand View Research, Inc. Construction industry growth is anticipated to drive the market growth of waterproofing chemicals. Government of China, India, France and UK have framed numerous policies for clean groundwater and land filling, which is anticipated to increase the application of waterproofing chemicals over the forecast period.

Roofing was the largest application segment, accounting for over 25% of global waterproofing chemicals market revenue in 2014. Rising popularity of roofing membranes to prevent water leakage in residential and commercial structures is expected to fuel waterproofing chemicals market demand in the near future.

Full Research Report on Global Waterproofing Chemicals Market Analysis:
http://www.grandviewresearch.com/industry-analysis/waterproofing-chemicals-market

Further key findings from the study suggest:

• Bitumen was the largest product segment, accounting for over 40% of global market revenue in 2014. Increasing application of bitumen as roll roofing component in residential and commercial building structures on account of its unique properties including high viscosity and stickiness is expected to have a positive impact on market.
• Gaining popularity of thermoplastic polyolefin (TPO) on account of being heat reflective and an energy efficient roofing system is expected to have a positive impact on market growth over the next seven years.
• Building structures are anticipated to remain fastest growing application segment on account of increasing government expenditure on infrastructure improvement in Brazil, India, China, Mexico and Saudi Arabia.
• Asia Pacific was the largest waterproofing chemicals market, accounting for over 40% of market revenue in 2014. Growing housing sector in China and India in light of increasing urbanization and population growth is expected to fuel waterproofing chemicals market over the forecast period. Government of India announced National Manufacturing Policy in 2011, intended for enhancing the production output in chemicals, automotive, pharmaceutical and food & beverage industries at domestic level. This regulatory move is anticipated to increase the penetration of commercial structures, which is likely to fuel waterproofing chemicals market demand in the near future.
• Major waterproofing chemicals manufacturers include companies such as Conpro Chemicals, Triton Chemicals, Dow Chemical Company, Pidilite Industries, Bostik and Sika. Expansion of refining capacity in Middle East is anticipated to ensure raw material access for waterproofing chemicals manufacturers in the near future.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers

For the purpose of this study, Grand View Research has segmented the Global Waterproofing Chemicals Market on the basis of product, application and region:

Global Waterproofing Chemicals Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• Polymers
• PVC
• TPO
• EPDM
• Others
• Bitumen
• SBS
• APP
• Others
• Others

Global Waterproofing Chemicals Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• Roofing
• Walls
• Building structures
• Landfills & tunnels
• Others

Global Waterproofing Chemicals Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• North America
• U.S.
• Europe
• Germany
• UK
• Latin America
• Brazil
• Asia Pacific
• China
• India
• MEA

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-waterproofing-chemicals-market      

                  

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Waterproofing Membranes Market Is Anticipated To Growing At A CAGR 7.3% From 2015 To 2022

Global Waterproofing Membranes Market is expected to reach USD 9.49 billion by 2022, according to a new study by Grand View Research, Inc. Increased infrastructural investments by U.S., India and China is expected to propel market growth over the forecast period. In addition, improving infrastructure in developing countries of Central & South America and Asia Pacific has been a key contributing factor to overall growth of the waterproofing membranes market over the past few years and the trend is expected to continue over the forecast period.

Uneven distribution of water precipitation both geographically and seasonally increases need for water conservation, transportation, and treatment which is expected to augment market demand over the next seven years. Liquid applied membrane was the major application estimated at over 1,300.0 million square meters in 2014.

Full Research Report on Global Waterproofing Membrane Market Analysis:
http://www.grandviewresearch.com/industry-analysis/global-waterproofing-membranes-market

Further key findings from the study suggest:

• Bitumen was a majorly consumed product with demand exceeding 35% of global market in 2014. However, polymers including PVC, thermoplastic polyolefins, polyurethane and EPDM are expected to witness fastest growth over the forecast period owing to properties of uniform thickness making its application uniform and easy.
• Liquid applied waterproofing membrane demand was the largest in 2014 accounting for over 65% of the global volume. Increasing need for cost effective high performance water repellents coupled with rising infrastructural expenditure in developing countries has been driving the market over the past few years.
• Roofing was the fastest growing segment valued above USD 1.50 billion in 2014. Growing waterproofing systems demand for roofing applications on account of properties including flexibility, texture, durability, slip and UV resistance will have a positive impact on the market over the forecast period.
• Asia Pacific was the fastest growing regional market, estimated at 364.15 million square meters in 2014. Growing government spending on infrastructure in Asia Pacific region particularly in China and India will propel waterproofing membranes market. In addition, South Korea is expected to show high growth in construction industry owing to private and public investments in commercial, industrial and infrastructure projects which in turn are expected to fuel demand.
• Waterproofing membranes market is fragmented in nature, on account of numerous companies present globally. BASF SE manufactures products under the brand name “MasterSeal” while Pidilite Industries Ltd. produces them under a popular brand called “Dr.Fixit”. Companies including Pidilite, BASF and Dow Chemicals are key manufacturers and suppliers of waterproofing membranes on a global scale.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

For the purpose of this study, Grand View Research has segmented the Global Waterproofing 

Membranes Market on the basis of product, application, end-use and region:

Waterproofing Membranes Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

• Polymers
• PVC
• TPO
• EPDM
• Polyurethanes
• Others
• Bitumen
• SBS bitumen
• APP bitumen
• Polymer modified cement
• Others

Waterproofing Membranes Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

• Liquid applied membrane
• Sheet membrane

Waterproofing Membranes End-use Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

• Roofing
• Walls
• Building structures
• Landfills & tunnels
• Others

Waterproofing Membranes Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Latin America
• Brazil
• MEA

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/waterproofing-membranes-market                        

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Wearable Medical Device Market Is Expected To Grow At The Rate Of 28.0% Over The Forecast Period 2012-2022

Global Wearable Medical Device Market is expected to reach USD 27.8 billion by 2022, according to a new report by Grand View Research, Inc. Rising prevalence of conditions such as obesity and hypertension, as a result of sedentary lifestyle is anticipated to boost the demand for wearable medical devices. Moreover, increasing health awareness is further expected to augment the demand for these devices. 

Additionally, growing incidences of chronic conditions, such as diabetes, which require round-the-clock monitoring, are expected to increase the demand for wearable technology. Technological innovation is projected to be vital for growth of this industry over the forecast period. Smart watches, smart bands, and smart clothing are anticipated to be the key areas for development. Increasing penetration of smart cellular phones is expected to assist growth of this technology. However, patient privacy and security concerns along with complexity in engineering are expected to impede growth of the industry. 

Full Research Report on Global Wearable Medical Device Market Analysis:
http://www.grandviewresearch.com/industry-analysis/wearable-medical-devices-market

Further key findings from the study suggest:

• Diagnostic wearable medical devices held substantial share in 2014 owing to increasing usage in remote patient monitoring as well as home healthcare
• Therapeutic wearable devices are anticipated to exhibit remunerative growth over the forecast period. Increasing penetration of products, such as insulin monitors, is assisting the growth of wearable equipment.
• Diagnostic devices such as vital sign monitors are expected to witness lucrative growth over the forecast period. Rising incidences of chronic diseases are expected to boost the demand for this equipment.
• Wearable medical devices have applications in sports & fitness monitoring, home healthcare, and remote patient monitoring. Home healthcare held significant shares of around 50.0% in 2014. Simplified usage of this equipment along with ability to synchronize with cellular phones as well as tablet devices assisted the growth of this segment.
• On the contrary, remote patient monitoring is projected to exhibit growth rate of over 25.00% in the next seven years. Increasing geriatric population base coupled with demand for continuous monitoring is expected to fuel the growth.
• Strap/clip/bracelet or watches held substantial shares of around 40.0% in 2014, and is expected to grow at a lucrative rate over the forecast period. Simplified engineering, aesthetically appealing products, and synchronization with mobile application are anticipated to drive this segment’s growth.
• North America dominated the overall market with approximately 40.0% of shares. This can be attributed to increasing per capita income as well as rising healthcare spending, and advanced healthcare infrastructure and presence of OEM in this region.
• Asia Pacific is projected to grow with a rapid rate of around 32.0% over the forecast period. Economic development coupled with improving healthcare systems is expected to help the industry grow in this region.
• Key companies of the wearable medical devices industry include Fitbit Inc., Garmin, Vital Connect, Omron Corp., Sotera Wireless, Jawbone, Pebble Technology Corp., Basis Science, Inc., Withings, Intelesens Ltd., Covidien Plc, LifeWatch AG, Polar Electro, Philips Electronics, and Everist Genomics 

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the Global Wearable Medical Device Market on the basis of products and region:

Global Wearable Medical Devices Product Outlook (USD million), 2012 - 2022

• Diagnostic devices

·         Vital sign monitors

§  Heart rate monitors

§  Activity monitors

§  Electrocardiographs

§  Pulse oximeters

§  Spirometers

§  Blood pressure monitors

§  Other devices

·         Sleep monitoring devices

§  Sleep trackers

§  Wrist actigraphs

§  Polysomnographs

§  Other devices

·         Electrocardiographs Fetal & Obstetric Devices

·         Neuromonitoring devices

§  Electroencephalographs (EEG)

§  Electromyographs (EMG)

§  Other devices

·         Therapeutic devices

·         Pain management device

§  Neurostimulation device

§  Other devices

·         Insulin monitoring device

§  Insulin pumps

§  Other devices

·         Rehabilitation device

§  Accelerometers

§  Sensing devices

§  Ultrasound platforms

§  Others

·         Respiratory therapy device

§  Ventilators

§  PAP

§  Portable oxygen concentrators

§  Other devices

Global Wearable Medical Devices Application Outlook (USD million), 2012 - 2022

• Sports & Faintness
• Remote Patient Monitoring
• Home healthcare

Global Wearable Medical Devices Site Outlook (USD million), 2012 - 2022

• Handheld
• Headband
• Strap, clip, bracelet and watches
• Shoe sensors
• Others

Wearable Medical Devices Region Outlook (USD million), 2012 – 2020

• North America
• U.S.
• Mexico

• Europe
• UK
• Germany
• France
• Asia Pacific
• Japan
• China
• India
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• Saudi Arabia

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-wearable-medical-device-market                       

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Supply Chain Analytics Market Segmentation Is Based On Solutions, Deployment, End-Use, And Regions 2014-2025

Global Supply Chain Analytics Market is expected to reach USD 9.87 billion by 2025, according to a new study by Grand View Research, Inc. The growing need to manage a large amount of business data and use derived insights is optimizing the demand for supply chains. The increasing awareness among consumers regarding the benefits offered by supply chain analytics has encouraged organizations across various industries to adopt analytic solutions with an objective to improve perceptibility levels across the entire supply chain enablers.

The deployment of supply chain analytics solutions helps customers to enhance their company’s profitability, achieve growth, and increase market shares by utilizing the derived insights for taking strategic decisions. Moreover, these solutions offer a holistic view of the supply chain that helps in enhancing sustainability, improving profitability, reducing inventory cost, and accelerating the time-to-market for products in the long run.

Furthermore, factors such as shortening product life cycles, low supply chain visibility, ineffective supplier networks, elevated warehousing costs, redundant forecasts, and fluctuating customer demands are responsible for the rising necessity of supply chain optimization, thereby driving growth of the market.

Full Research Report on Global Supply Chain Analytics Market Analysis:
http://www.grandviewresearch.com/industry-analysis/the-global-supply-chain-analytics-market

Further key findings from the study suggest:

• The sales & operations analytics segment dominated the solution market in 2016. However, the visualization & reporting segment is expected to gain dominance by growing at a CAGR of 18.9% over the next eight years.
• Cloud deployment is expected to remain the most preferred method of deployment in the supply chain analytics. This segment is expected to grow substantially at a CAGR of 17.1% over the forecast period.
• The manufacturing segment experienced the highest application in 2016. However, the high technology product segment is expected to grow at the highest CAGR of 18.9% over the next eight years.
• The manufacturing and retail & consumer goods segments are predicted to grow at a higher rate, majorly due to reduction in the cost of supply chain in an attempt to reduce the overall product cost.
• North America was the dominant regional market in 2016, which is attributed to the presence of a large number of supply chain analytics service providers in the region.
• Asia Pacific is expected to emerge as the largest market by 2025 and attain a market size of USD 2,646.6 million over the forecast period.
• The key industry participants operating in the market are SAS Institute Inc., SAP SE, IBM Corporation, Oracle Corporation, Sage Clarity Systems, Kinaxis Inc., MicroStrategy Inc., Genpact Ltd., Capgemini Group, and Birst, Inc.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the Global Supply Chain Analytics Market based on solutions, deployment, end-use, and regions:

Supply Chain Analytics Solution Scope (Revenue, USD Million; 2014 - 2025)

• Logistics Analytics
• Manufacturing Analytics
• Planning & Procurement
• Sales & Operations Analytics
• Visualization & Reporting

Supply Chain Analytics Deployment Scope (Revenue, USD Million; 2014 - 2025)

• Cloud
• On-premise

Supply Chain Analytics End-use Scope (Revenue, USD Million; 2014 - 2025)

• Retail & Consumer Goods
• Healthcare
• Manufacturing
• Transportation
• Aerospace & Defense
• High Technology Products
• Others

Supply Chain Analytics Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa (MEA)

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/supply-chain-analytics-market-analysis                      

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Hermetic Packaging Market Size Is Projected To Grow At A CAGR Of 6.6% During Forecast Period 2014-2025

Global Hermetic Packaging Market is expected to reach USD 5.03 billion by 2025, according to a new report by Grand View Research, Inc. Utilization of hermetic packages is expected to grow significantly as a result of increasing application scope from healthcare and aeronautics & space application.

The capability of the product to protect electronic components from temperature, pressure, and liquids is expected to drive the market over the forecast period. The telecom industry utilizes fragile & complex materials in various applications such as trunk lines and metros which require efficient packaging, thereby augmenting the demand.

Central & South America accounted for a share of over 5.0% in 2016 Growing population and rising consumer willingness to spend is expected to increase the demand for electronic devices, thereby having a positive impact on the hermetic packaging industry. In addition, high military expenditure of USD 24.6 billion by Brazil in 2015 is likely to drive the market growth further.

Full Research Report on Global Hermetic Packaging Market:
http://www.grandviewresearch.com/industry-analysis/hermetic-packaging-market

Further key findings from the report suggest:

• Reed glass segment accounted for a market share of over 7.0% in 2016 due to increasing utilization in reed switches in automobile and aeronautics & space
• Aeronautics & space application is expected to witness significant growth due to increasing investment in space research across various regions
• Healthcare application accounted for a share of over 10.0% in 2016 as a result of increasing usage of hermetically packed medical implants such as pacemakers and monitoring devices
• Middle East & Africa is anticipated to grow at a CAGR of over 5.0% from 2017 to 2025 on account of increasing global tension, which is fueling the defense expenditure, particularly in Saudi Arabia and UAE
• Hermetic packaging market is characterized by presence of large number of players and extensive R&D in order to develop efficient products. Material technology is also expected to play a major role in development of the market over the forecast period.
• In February 2017, Amkor acquired Nanium S.A, a semiconductor packaging, assembly, and testing company. The acquisition supported Amkor to strengthen its business position in wafer level packaging of electronics. In May 2017, Kyocera launched ceramic based RFID package with an embedded antenna which strengthened the company’s business position in the hermetic packaging sector.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/semiconductors

Grand View Research has segmented the Global Hermetic Packaging Market on the basis of product, application, and region:

Hermetic Packaging Product Outlook (USD Million, 2014 - 2025)

• Ceramic to Metal Sealing
• Glass to Metal Sealing
• Transponder Glass
• Reed Glass
• Passivation Glass

Hermetic Packaging Application Outlook (USD Million, 2014 - 2025)

• Aeronautics & Space
• Military & Defense
• Automotive
• Healthcare
• Telecom
• Others

Hermetic Packaging Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• France
• Asia Pacific
• China
• Japan
• Central & South America
• Brazil
• Middle East & Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-hermetic-packaging-market                     

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Voice Recognition Market Is Expected To Expand At A CAGR Of 11.0% Over The Forecast Period 2013-2024

Global Voice Recognition Market is expected to reach USD 127.58 billion by 2024, according to a new study conducted by Grand View Research, Inc. The increasing number of benefits offered by the voice recognition technology, including the easy accessibility, better productivity, and flexibility are anticipated to drive the demand for speech recognition solutions over the next eight years. The increased demand for high comfort and convenience is also expected to propel the demand. The voice recognition technology exhibits vast potential in various application areas, especially in the home automation system, due to advantages such as convenience and lower energy consumption.

Voice recognition is also a core technology leveraged in the semi-autonomous and autonomous vehicles. The autonomous car industry is expected to witness an explosive growth, which is anticipated to subsequently drive the market growth over the forecast period. However, the high price of AI-based voice control system is anticipated to pose a challenge to market expansion. Additionally, the inability to accurately recognize speech in the regional accent is a key challenge to the market.

Full Research Report on Global Voice Recognition Market Analysis:
http://www.grandviewresearch.com/industry-analysis/voice-recognition-industry

Further key findings from the study suggest:

• Enhanced device dominated the market in 2015with over 50% of the total market share. This is attributed to the increasing usage of voice recognition solutions in home automation and consumer electronics application areas. The software segment is anticipated to grow significantly over the forecast period as several prominent players have open sourced their software development kit code.
• The growing trend toward the development of the artificial intelligence-based system is expected to be the key factor driving industry growth over the foreseeable future. Leveraging deep learning algorithm in voice and speech solutions for better search results is expected to be the key factor for the growth of AI-based application segment.
• The deployment of speech recognition solutions in consumer and home security & automation verticals is anticipated to take the industry ahead at a substantial pace. This can be attributed to the changing lifestyle in several countries including the U.S., Germany, and the UK. The growing adoption of smart electronics in India, China, Japan, and Brazil may also catalyze industry growth in the consumer vertical.
• North America dominated the market (in terms of revenue) representing more than 30% of the total share in 2014. Additionally, North America and Asia Pacific are anticipated to witness a considerable growth due to the presence of several U.S. and China-based players, including Apple, Inc., Facebook, Inc., Baidu, Inc., Amazon.com, Inc., and Alphabet, Inc., working toward the development of this technology. Furthermore, the presence of several notable consumer electronics manufacturers, such as Samsung Electronics, Co., Ltd., with a strong distribution channel in the North American and Asia Pacific regions are expected to be the key factors for industry growth in this region over the forecast period.
• The prominent industry participants include Nuance Communications, Apple, Inc., Baidu, Inc., Alphabet, Inc., and Amazon.com, Inc. These players are focusing on integrating the artificial intelligence technology in order to build superior products to increase their customer base.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the Global Voice Recognition Market on the basis of components, application, vertical and region:

Voice Recognition Component Outlook (USD Billion; 2013 - 2024)

• Hardware
• Software
• Automatic Speech Recognition
• Speaker Verification
• Audio Mining
• Enhanced Devices

Voice Recognition Application Outlook (USD Billion; 2013 - 2024)

• Artificial Intelligence
• Non-artificial Intelligence

Voice Recognition Vertical Outlook (USD Billion; 2013 - 2024)

• Automotive
• BFSI
• Consumer
• Government
• Retail
• Healthcare
• Home Security & Automation
• Others

Voice Recognition Regional Outlook (USD Billion; 2013 - 2024)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• India
• South Korea
• Latin America
• Brazil
• Middle East & Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-voice-recognition-industry                      

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Lawn Mowers Market Is Expected To Witness A CAGR Exceeding 4% Over The Forecast Period Owing To The Rising Demand For Landscaping Services 2014-2025

Global Lawn Mowers Market is expected to reach USD 38.2 billion by 2025, according to a new report by Grand View Research, Inc. The growing residential development is spurring the demand for landscaping services, which, in turn, is expected to propel the demand for lawn care tools over the forecast period. 

The rise in single homes, owing to the growing nuclear family culture in the U.S., has led to the construction of houses. The growing trend toward investing more time in one's home leads to a higher interest in outdoor & gardening-related activities. A well-kept yard forms an integral part of an attractive house. Lawn maintenance tools are essential for the basic yard maintenance and offer a great aid & convenience in garden maintenance

The surging need for landscaping services in order to extend the aesthetic appeal to residential and commercial properties is anticipated to elevate the product demand. The developing trend of backyard beautification in North America and Europe is further expected to fuel product demand in these regions.

Increasing technological advancements are another major factor driving market growth. The replacement of conventionally used hand-guided mowers with robotic & electric ones is a key trend witnessed in the market. Moreover, the increasing availability of such technologically advanced products with enhanced features is triggering more interest in gardening.

Moreover, the key market players are enhancing the capabilities of their mowers so as to widen their product offerings in order to gain a competitive edge in the industry. In addition to this, manufacturers are increasingly promoting robotic equipment for gardening, thus augmenting consumer awareness, which is expected to drive the adoption of the product.

However, the increasing popularity of artificial grass is expected to serve as a major threat for the demand for lawn mowers. This type of grass does not require mowing, watering and fertilizing like the natural grass. Thus, artificial grass is increasingly becoming a great money saver for the customers possessing gardens and thereby creating threat for the lawn mowers adoption. Additionally, the high cost of robotic gardening equipment is one of the major challenges confronted by the consumers. All these factors are projected to hamper market growth in the near future.

Full Research Report on Global Lawn Mowers Market Analysis:
http://www.grandviewresearch.com/industry-analysis/lawn-mowers-market

Further key findings from the report suggest:

• The global lawn mowers market is expected to witness a CAGR exceeding 4% over the forecast period owing to the rising demand for landscaping services.
• Electric mowers accounted for the largest market share in 2016; however, robotic products are projected to witness a high growth over the forecast period.
• Residential end-use segment held the highest revenue in 2016 and the trend is expected to continue over the forecast period.
• The North American region accounted for over 30% of the overall revenue share in 2016; however, Asia Pacific is expected to witness a high growth over the next eight years.
• Deere & Company, MTD Products Inc., American Honda Motor Co., Inc. (Honda Power Equipment), Husqvarna Group, and Ariens Company, among others, were a few key players that captured a significant market share in 2016.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the Global Lawn Mowers Market based on product, end use, and region:

Lawn Mowers Product Outlook (Revenue, USD Billion; 2014 - 2025)

• Manual
• Electric
• Petrol
• Robotic
• Others

Lawn Mowers End-use Outlook (Revenue, USD Billion; 2014 - 2025)

• Residential
• Commercial & Government

Lawn Mowers Regional Outlook (Revenue, USD Billion; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Netherlands
• Denmark
• Finland
• Spain
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-lawn-mowers-market                     

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com