Lawn and Garden Equipment Manufacturing in the US - Industry Market Research Report

Lawn and Garden Equipment Manufacturing in the US - Industry Market Research Report

Lawn and Garden Equipment Manufacturing

Over the five years to 2019, the Lawn and Garden Equipment Manufacturing industry has stagnated somewhat, as increasing per capita disposable income and access to credit have been countered by sluggish growth in the homeownership rate, which has tempered downstream demand since homeowners comprise the majority of industry product end users. In addition, nonresidential construction has also grown at a slow rate, which has constrained demand from commercial customers somewhat. Furthermore, an appreciating US dollar has led to an increase in import penetration, further tempering revenue growth. Over the five years to 2024, industry revenue is expected to grow at a faster rate than over the past five years, as is the homeownership rate. This rise in homeownership is expected to boost downstream demand from individual consumers and incentivize retailers and distributors to increase their orders from industry operators. In addition, nonresidential construction rates will likely accelerate compared with the previous period, increasing downstream demand from commercial buyers.

This industry manufactures powered lawn and garden equipment, primarily for maintenance of lawns and gardens by households and businesses. Equipment manufactured by this industry includes lawn tractors, riding and standing mowers, hedge trimmers, leaf blowers, wood chippers and other machinery for maintaining lawns and gardens.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.