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Outdoor Equipment Stores

Outdoor Equipment Stores

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Executive summary

Bolstered by an increase in demand for industry products, the Lawn and Outdoor Equipment Stores industry has grown steadily over the five years to 2022. Rising annual precipitation rates in 2022 are set to result in further grass growth in the year, raising demand for industry products such as lawnmowers. Similarly, as this industry also supplies leaf and snow blowers, which are primarily tailored for fall and winter conditions, this has helped keep industry demand steady due to these conditions occurring every year. Downstream demand from the Landscaping Services industry (IBISWorld report 56173) also increased as the housing and construction markets expanded and homeowners and businesses took on lawn and garden repair and maintenance projects. As a result, industry revenue is set to increase an annualized 1.2% to $10.7 billion over the five years to 2022, despite a decline of 1.9% in 2022 alone.
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Each report includes:

industry revenue;

industry profit;

industry margin;

industry employment;

industry major players;

industry key external drivers;

industry product & structure segmentation;

industry key trends;

industry Life Cycle;

industry Geographic Breakdown;

industry Key Success Factors;

industry Key statistics for previous years;

forecast of industry Key statistics for the next 5 years;

Reference Wordlist

BARRIERS TO ENTRY
High barriers to entry mean that new companies struggle to enter an industry, while low barriers mean it is easy for new companies to enter an industry.

CAPITAL INTENSITY
Compares the amount of money spent on capital (plant, machinery and equipment) with that spent on labor.
IBISWorld uses the ratio of depreciation to wages as a proxy for capital intensity. High capital intensity is more than $ 0.333 of capital to $ 1 of labor; medium is $ 0.125 to $ 0.333 of capital to $ 1 of labor; low is less than $ 0.125 of capital for every $ 1 of labor.

CONSTANT PRICES
The dollar figures in the Key Statistics table, including forecasts, are adjusted for inflation using the current year (i.e. year published) as the base year. This removes the impact of changes in the purchasing power of the dollar, leaving only the "real" growth or decline in industry metrics. The inflation adjustments in IBISWorld’s reports are made using the US Bureau of Economic Analysis’ implicit GDP price deflator.

DOMESTIC DEMAND
Spending on industry goods and services within the United States, regardless of their country of origin. It is derived by adding imports to industry revenue, and then subtracting exports.

Colloquial Terminology

BIG BOX STORE
Also known as a supercenter, superstore or megastore is a physically large retail establishment, usually part of a chain.

DO-IT-YOURSELF (DIY)
A category of customers that includes homeowners that purchase products and complete their own projects.

GREEN
A category that includes goods, services, laws, guidelines and policies that have little to no effect on the natural environment.

PUSH MOWER (STANDING MOWER)
A machine that a person must push to cut a lawn.

RIDING MOWER
A power mower that individuals can ride on, which is a popular alternative for larger lawns.

Details

Despite positive signals from various economic indicators driving the industry's growth, the industry has nonetheless been threatened by external competition from big-box retailers and e-commerce services. These big-box stores and services are leveraging their size to achieve significant cost savings on comparable products, passing the difference down to consumers in the form of lower prices. Similarly, the rise of e-commerce stores such as Amazon have challenged this industry further with its variety of products offered through its service and its accessible nature.
Industry sales, as a result, have been hampered by this competition. Operators have been forced to lower their prices to remain competitive; many have merged in an attempt to remain profitable, while others exited the industry
entirely.

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