Mowed Down: External Competition and Increasing Online Sales Are Expected to Hinder Industry Revenue
The Lawn and Outdoor Equipment Stores industry in Canada relies on discretionary purchases of products including lawn mowers, leaf blowers, mulching machines and snow cleaning equipment. The industry has seen revenue rise as a result of rising per capita disposable income, which has led to a revival in spending on home improvements and increased demand for landscaping services. Increasing housing starts and growing consumer confidence have also contributed to rising sales, despite a slight slowdown in 2020 and 2021 as a result of the COVID-19 pandemic. Overall, revenue is expected to increase at a CAGR of 3.6% to $983.4 million over the five years to 2023, including an increase of 2.8% in 2023 alone.
Operators in this industry sell lawn and outdoor power equipment and replacement parts to household consumers, farmers and 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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