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 in the US

The Lawn and Garden Equipment Manufacturing industry manufactures various equipment and machinery to maintain household lawns and gardens. The retail channel accounts for 70.0% of revenue generated in this industry, making the industry exposed to trends in the broader retail sector. The retail sector typically grows in line with the economy, affected by factors like consumer spending and disposable income. Over the past five years, consumer spending and per capita disposable income have both expanded. The release of COVID-19 stimulus packages resulted in strong growth in consumer spending in 2021, contributing to a 6.8% growth in industry revenue in the same year. Despite the economic growth, industry revenue is expected to decline at a CAGR of 0.8% to $9.0 billion, including a 1.8% decline in 2023 alone.

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.