Lawn & Garden Tractor & Equipment Manufacturing
Description
Companies in this industry manufacture lawn tractors, lawn mowers, and other powered lawn and garden equipment. Top companies include Briggs & Stratton, Deere, MTD Products, and Toro (all based in the US), as well as Emak (Italy), Honda and Kubota (both of Japan), and Husqvarna (Sweden).
The market size of lawn and gardening equipment are forecast to reach $60.1 billion by 2030, according to Future Market Insights. Strong consumer demand in North America and Asia Pacific are key growth drivers.
The US lawn tractor and other powered lawn and garden equipment manufacturing industry includes about 170 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $8 billion.
COMPETITIVE LANDSCAPE
Demand is driven by consumer spending. The profitability of individual companies depends on effective marketing, efficient production, and product innovation. Large companies have economies of scale in purchasing and production. Small firms can compete by making specialty products. The industry is highly concentrated: in both segments the top 50 companies account for more than 95% of industry revenue.
Top exporters of powered mowers, lawn mowers, and horizontal cutting devices include China, the US, and Mexico, according to the Observatory of Economic Complexity (OEC).
PRODUCTS, OPERATIONS & TECHNOLOGY
Riding and nonriding lawn, garden, and snow equipment account for a significant part of the industry's revenue at about 40%, each. This is followed by lawn tractors and riding mowers at about 15% of the industry's revenue. Other products include lawnmowers, parts and attachments, powered lawn edger/trimmers.
Production of lawn and garden equipment typically involves processes such as injection molding, extrusion, stamping, plasma cutting, welding, die casting, painting or powder coating, and assembly. Companies often purchase components and subassemblies, including engines, transmissions, transaxles, tires, and electric motors, from suppliers.
Companies closely monitor retail demand and manage production and inventory accordingly using just-in-time or similar lean inventory and production methods. Companies may use contract manufacturers for production of some products. Lawn and garden equipment manufacturers, such as Deere and Toro, offer products for both the consumer and commercial lawn and turf maintenance markets.
Raw materials include steel, aluminum, and resins and plastics, which are subject to fluctuations in commodity prices. Manufacturers may also be affected by commodity prices for copper, lead, and rubber used by suppliers to make various purchased components. In some cases, companies may rely on only one or a few suppliers for certain components.
The market size of lawn and gardening equipment are forecast to reach $60.1 billion by 2030, according to Future Market Insights. Strong consumer demand in North America and Asia Pacific are key growth drivers.
The US lawn tractor and other powered lawn and garden equipment manufacturing industry includes about 170 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $8 billion.
COMPETITIVE LANDSCAPE
Demand is driven by consumer spending. The profitability of individual companies depends on effective marketing, efficient production, and product innovation. Large companies have economies of scale in purchasing and production. Small firms can compete by making specialty products. The industry is highly concentrated: in both segments the top 50 companies account for more than 95% of industry revenue.
Top exporters of powered mowers, lawn mowers, and horizontal cutting devices include China, the US, and Mexico, according to the Observatory of Economic Complexity (OEC).
PRODUCTS, OPERATIONS & TECHNOLOGY
Riding and nonriding lawn, garden, and snow equipment account for a significant part of the industry's revenue at about 40%, each. This is followed by lawn tractors and riding mowers at about 15% of the industry's revenue. Other products include lawnmowers, parts and attachments, powered lawn edger/trimmers.
Production of lawn and garden equipment typically involves processes such as injection molding, extrusion, stamping, plasma cutting, welding, die casting, painting or powder coating, and assembly. Companies often purchase components and subassemblies, including engines, transmissions, transaxles, tires, and electric motors, from suppliers.
Companies closely monitor retail demand and manage production and inventory accordingly using just-in-time or similar lean inventory and production methods. Companies may use contract manufacturers for production of some products. Lawn and garden equipment manufacturers, such as Deere and Toro, offer products for both the consumer and commercial lawn and turf maintenance markets.
Raw materials include steel, aluminum, and resins and plastics, which are subject to fluctuations in commodity prices. Manufacturers may also be affected by commodity prices for copper, lead, and rubber used by suppliers to make various purchased components. In some cases, companies may rely on only one or a few suppliers for certain components.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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