The commercial turf and grounds care equipment sales in the US have shown a consistent upward trend overall from 2013 to 2023. In 2023, the market stood at $3.1441 billion. The year-on-year growth for 2023 was 1.51%, indicating a stable increase, while the Compound Annual Growth Rate (CAGR) was 1.62% over the last 5 years. This indicates modest but steady growth.
Looking ahead, the forecasted data from 2024 to 2028 continues to indicate a positive trajectory with a 5-year forecasted CAGR of 1.07% and an overall growth rate of 5.46%. This suggests continued demand and expansion in the commercial turf and grounds care equipment market.
Future trends to watch for include:
- Technological advancements integrating AI and IoT into turf and grounds care equipment.
- Increased focus on sustainability and environmentally friendly equipment.
- Emerging markets and new applications driving additional growth.
