by Christopher Freeburn | March 20, 2013 11:46 am
Everyone wants a nicely trimmed lawn. Few people, however, enjoy pushing a lawn mower to cut it, especially on a hot summer day.
Tired homeowners now have another option. They can let a robot cut their lawns. Battery powered, automated lawn mowers are available from a number of manufacturers, the Dayton Daily News reports.
Americans have grown used to robot vacuum cleaners like iRobot’s (NASDAQ:IRBT) popular Roomba, but robotic lawnmowers have been slower to take off. That may be due to the price. Automated lawn mowers from Kyodo America’s LawnBott are priced between $2,000 and $5,300 and require installation.
Still, industry research groups say that the market for lawn robots is poised to explode. By 2015, sales of domestic robots are expected to hit $4.8 billion, with demand for automated lawnmowers predicted to grow sharply.
A number of manufacturers have produced robotic lawnmowers, including Husqvarna, Honda (NYSE:HMC) and Deere (NYSE:DE).
Source URL: http://investorplace.com/2013/03/get-ready-for-robotic-lawn-mowers/
Short URL: http://invstplc.com/MlWo8T
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.