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

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

  • May 2018
  • 32 pages
  • ID: 243191

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Planting seeds: New eco-friendly products will present an opportunity for the industry

Abstract

Lawn & Outdoor Equipment Stores in the US
Bolstered by a revival in spending on home improvements, the Lawn and Outdoor Equipment Stores industry has grown steadily over the five years to 2018. As consumers’ confidence in the economy has improved alongside increased disposable income, households increased their spending on items such as lawn and garden tools. Downstream demand from the Landscaping Services industry (IBISWorld report 56173) also increased as the housing and construction market revived and homeowners and businesses took on lawn and garden repair and maintenance projects. Despite positive signals from various economic indicators driving the industry’s recovery, the industry has been threatened by fierce external competition from home improvement stores. Big-box stores such as these are leveraging their size to achieve significant cost savings on comparable products, passing the difference down to consumers in the form of lower prices. Despite rising consumer confidence and increasing disposable income hinting at better times ahead, external competition will continue to threaten industry operators. The Home Improvement Stores industry (44411) is expected to continue to undersell industry operators over the five years to 2023, while an emerging group of online sellers further erodes industry sales.


Operators 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. Players 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.

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