Lawn & Outdoor Equipment Stores in the US - Industry Market Research Report

Lawn & Outdoor Equipment Stores in the US - Industry Market Research Report

Lawn & Outdoor Equipment Stores in the US

Rising annual precipitation rates resulted in further grass growth, boosting lawn and outdoor equipment demand. Similarly, the industry supplies leaf and snow blowers primarily tailored for fall and winter; this has helped keep industry demand steady because of these yearly conditions. Downstream demand from the Landscaping Services industry (IBISWorld report 56173) also increased as the housing and construction markets expanded and homeowners and businesses took on lawn and garden repair and maintenance projects. So, industry-wide revenue has been increasing at a CAGR of 1.4% to an estimated $12.1 billion over the past five years, despite a projected 1.3% decrease in 2023, when profit is projected to drop to 2.0%.

Retailers in this industry sell lawn and outdoor power equipment and replacement parts to household consumers, farmers, ranchers and other professional workers. Products include rotary mowers, rear engine riding mowers, garden tractors and shredders, chainsaws, leaf blowers, brush cutters, hedge trimmers and more. Retailers in this industry also provide repair services. This industry excludes home improvement stores and e-commerce companies selling lawn and outdoor equipment.

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.