Lawn & Garden Tractor & Equipment Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 2/27/2017
SIC Codes: 3524
NAICS Codes: 333112
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Lawn & Garden Tractor & Equipment Manufacturing Industry Profile

Companies in this industry manufacture lawn tractors, lawn mowers, and other powered lawn and garden equipment. Top companies include Briggs & Stratton, Deere, MTD Products, and Toro (all based in the US), as well as Emak (Italy), Honda and Kubota (both of Japan), and Husqvarna (Sweden).

Worldwide sales of power lawn and garden equipment are forecast to grow 4.2% per year through 2017 to nearly $22 billion, according to Freedonia. Rising GDP and incomes in the US, the improving eurozone economy, and emerging middle classes in the Asia/Pacific region are key growth drivers.

The US lawn tractor and other powered lawn and garden equipment manufacturing industry includes about 140 companies with combined annual revenue of about $8 billion.

COMPETITIVE LANDSCAPE

Demand is driven by consumer spending. The profitability of individual companies depends on effective marketing, efficient production, and product innovation. Large companies have economies of scale in purchasing and production. Small firms can compete by making specialty products. The industry is highly concentrated: in both segments the top 50 companies account for more than 95% of industry revenue.

US exports of lawn and garden equipment are small; imports come primarily from China, Japan, Canada, and Taiwan.

PRODUCTS, OPERATIONS & TECHNOLOGY

Puah lawn mowers account for about 45% of industry revenue; riding mowers account for about 35%. Other products include hedge and string trimmers, leaf blowers, chipper-shredders, edgers, tillers, snow blowers, and lawn equipment accessories.

Production of lawn and garden ...

 
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