Outdoor Equipment Stores

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.