Power Lawn & Garden Equipment Market in the US By Product, Power Source, Market and Region, 12th Edition
Rising consumer spending and increasing demand for landscaping services will fuel sales gains.
NEW YORK, June 1, 2017 /PRNewswire/ -- Demand will also benefit from technological advances such as robotic mowers and more powerful and longerlasting battery-powered models. However, contraction in the golf course market will restrain the pace of growth.
Read the full report: http://www.reportlinker.com/p04895341/Power-Lawn-Garden-Equipment-Market-in-the-US-By-Product-Power-Source-Market-and-Region-12th-Edition.html
This study addresses the following questions and more:
- Which products stand to gain the most from improvements in battery technology?
- How will the aging homeowner population affect product demand in the residential and landscaping markets?
- How are regional sales of power lawn and garden equipment impacted by climate and weather?
Increasing Consumer Spending Fuels Growth for Power Lawn & Garden Equipment
Growth in power lawn and garden equipment will be driven by increased consumer spending, bolstering sales of equipment to both residential users and professional landscaping establishments. Rising product prices will also contribute to sales growth in value terms.
Key Findings in the Power Lawn & Garden Equipment Study:
Improving Battery Technology Spurs Gains
Technological advances will improve the ability of battery-powered lawn and garden equipment to compete with traditional engine-driven models. Improving power and run times for battery-powered products will drive increased penetration of commercial markets. Battery-powered chainsaws hold particularly strong growth prospects. Other product categories where battery-powered models represent a major share of the market include blowers, vacuums, and sweepers; trimmers and edgers; and snow throwers.
Aging Homeowner Demographic Bolsters Sales of High Value Products
Aging US homeowners will increasingly prefer easy to use products that minimize physical exertion, such as riding mowers. In addition, many aging homeowners will choose to outsource their lawncare needs to professional landscaping firms, who tend to purchase high value, high performance commercial-grade equipment.
Golf Course Closures Hamper Demand
The number of golf courses in operation in the US is expected to decline between 2016 and 2021. Sales of power lawn and garden equipment to this market, which is a major outlet for high value specialty products such as greens mowers, is forecast to contract. The increased supply of used equipment created by course closures will further exacerbate demand losses.
Study Coverage
This study presents historical demand data (2006, 2011 and 2016) and forecasts (2021) by product (lawnmowers; turf and grounds equipment; trimmers and edgers; garden tractors and rotary tillers; chainsaws; blowers, vacuums, and sweepers; snow throwers; hedge trimmers and other; and parts and attachments), market (residential, landscaping establishments, golf courses, and government and other), and region (Northeast, Midwest, South, and West). The study also evaluates company market share and competitive analysis on industry competitors including Deere, Husqvarna, MTD Products, and Toro
Read the full report: http://www.reportlinker.com/p04895341/Power-Lawn-Garden-Equipment-Market-in-the-US-By-Product-Power-Source-Market-and-Region-12th-Edition.html
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