In 2023, consumer sales for riding lawn, garden, and snow equipment in the US stood at approximately 2.623 billion USD. The forecast for the coming years indicates a slight annual decline, with sales dropping from approximately 2.615 billion USD in 2024 to 2.576 billion USD by 2028. Year-on-year variation signals a modest decrease each year, largely under 1%, reflecting a stagnant market. Over the five-year period, this translates to a negative compound annual growth rate (CAGR) of about -0.36%, suggesting a weakened demand over time.
Future market trends to watch for include:
- Shifts toward eco-friendly equipment technologies, potentially boosting sales.
- Influence of climate change on snow equipment demand.
- Economic factors influencing consumer spending capabilities in non-essential equipment purchases.