US Power Lawn and Garden Equipment Sales in the Residential Market to Approach $8 Billion in 2022
CLEVELAND, Oct. 1, 2018 /PRNewswire/ -- Demand for power lawn and garden equipment among residential users is forecast to rise 2.9% annually to $7.9 billion in 2022, slightly slower than growth among commercial users. An increase in the single-family housing stock will expand the demand base for power lawn and garden equipment. These and other trends are presented in Power Lawn & Garden Equipment, a new study from The Freedonia Group, a Cleveland-based industry research firm.
More information about this study is here: https://www.freedoniagroup.com/industry-study/power-lawn-garden-equipment-3674.htm
The aging population will contribute to greater market share for higher-value products, as older homeowners who continue to handle their own lawn care will increasingly turn to more powerful or ergonomically designed products that minimize physical exertion.
In all age groups, consumer interest in outdoor living and lawn and garden activities will still encourage many homeowners to maintain their outdoor spaces themselves, and these DIY enthusiasts are likely to prefer high-quality, high-value equipment.
Suppliers to the residential market for power lawn and garden equipment should emphasize their products' affordability and ease of use. In addition, residential users are often concerned with operating environmentally friendly equipment, so suppliers should either maintain a selection of electric equipment or emphasize the fuel efficiency and emissions reduction of their engine-driven equipment.
Related studies include:
#3700 Home & Garden Pesticides (May 2018)
#3680 US Lawn & Garden Consumables (February 2018)
#3661 Lawn & Garden Consumables: Consumer Insights (June 2018)
#3653 Hand Tools in the US (August 2018)
#3635 Outdoor Kitchen Equipment Market in the US (June 2018)
#3628 Power Tools in the US (June 2018)
#3596 Outdoor Furniture & Grills Market in the US (January 2018)
#3581 Lawn & Garden Hand Tools & Wheeled Implements in the US (April 2018)
#3571 Lawn & Garden Watering Products Market in the US (October 2017)
About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Machinery & Equipment studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
Press Contact:
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SOURCE The Freedonia Group
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