$13.2bn
$XXX.Xm
33,290
6,638
$X.Xbn
Over the past five years, the Lawn and Outdoor Equipment Stores industry underwent notable evolution influenced by key trends. Environmental consciousness among consumers led to a surge in demand for eco-friendly and energy-saving products like solar lights and electric mowers, altering the industry's product landscape. Government backing for green outdoor equipment further expedited this shift. Also, innovative technology has entered the industry, with intelligent, tech-integrated equipment like robotic mowers becoming commonplace. Retailers embracing this trend saw enhanced growth. The (do-it-yourself) DIY landscaping wave, fueled by increased time at home because of COVID-19 and the availability of online resources, also spiked lawn and outdoor equipment sales. The rise of e-commerce has also significantly influenced the industry, prompting retailers to offer online services for broader reach and additional sales, becoming a critical factor for success in the industry. Over the past five years, industry revenue rose at an expected CAGR of 1.9% to $13.2 billion, including an anticipated increase of 1.8% in 2024 alone.
Industry revenue has grown at a CAGR of 1.9 % over the past five years, to reach an estimated $13.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Tractor Supply Company | 2,711.3 | 261.2 | 9.6 | |
Home Depot, inc. | N/A | 2,030.9 | 20,308,900,000.0 | |
Lowes Companies Inc. | N/A | 877.0 | 8,770,000,000.0 |
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Industry revenue is measured across several distinct product and services lines, including Lawn and garden equipment and tools, Farm equipment and tools and Repair and other services. Lawn and garden equipment and tools is the largest segment of the Lawn & Outdoor Equipment Stores in the US.
There is a consistent, high demand for lawn and garden tools
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.
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NAICS 44421 - Lawn & Outdoor Equipment Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Revenue growth over the past five years has been supported by DIY trends and the adoption of customer-friendly e-commerce platforms. Stores that have successfully adapted to ...
Learn about an industry's products and services, markets and trends in international trade.
Increasing environmental consciousness among consumers has caused an increase in demand for green products. Demand for battery-powered equipment has risen as consumers look t...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Like most retail industries in the United States, the geographical spread of lawn and outdoor equipment stores closely reflects the population distribution. The greater the n...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Lawn and outdoor equipment stores compete based on location, price and inventory quality. The industry prices products to maximize returns while remaining conscious of the pr...
Learn about the performance of the top companies in the industry.
Most lawn and outdoor equipment stores are small businesses with fewer than 20 employees. Nonetheless, Tractor Supply Company is a large retail with locations throughout the ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Lawn and outdoor equipment stores must abide by all common safety and employment regulations. Also, the increasing prevalence of environmental regulations will influence the ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The small size of most lawn and outdoor equipment retailers stifles profit. Profit varies among retailers because larger stores can save extra costs by purchasing in bulk.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Lawn & Outdoor Equipment Stores in the US industry in United States is $13.2bn in 2024.
There are 6,638 businesses in the Lawn & Outdoor Equipment Stores in the US industry in United States, which has grown at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Lawn & Outdoor Equipment Stores in the US industry in United States has been growing at a CAGR of 1.9 % between 2019 and 2024.
Over the next five years, the Lawn & Outdoor Equipment Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Lawn & Outdoor Equipment Stores market in United States are Tractor Supply Company, Home Depot, inc. and Lowes Companies Inc.
Lawn and garden equipment and tools and Farm equipment and tools are part of the Lawn & Outdoor Equipment Stores in the US industry.
The company holding the most market share in United States is Tractor Supply Company.
The level of competition is high and steady in the Lawn & Outdoor Equipment Stores in the US industry in United States.