U.S.: Market for Lawn And Garden Tractors And Equipment 2024

Market Size for Lawn And Garden Tractors And Equipment in the U.S.

After five years of growth, the U.S. market for lawn and garden tractors and equipment decreased by X% to $X in 2022. Over the period under review, consumption, however, posted a remarkable increase. Consumption of peaked at $X in 2021, and then shrank notably in the following year.

Production of Lawn And Garden Tractors And Equipment in the U.S.

In value terms, production of lawn and garden tractors and equipment shrank to $X in 2022. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a somewhat lower figure.

Exports of Lawn And Garden Tractors And Equipment

Exports from the U.S.

After two years of growth, shipments abroad of lawn and garden tractors and equipment decreased by X% to X units in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2021, and then fell in the following year.

In value terms, exports of lawn and garden tractors and equipment skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X units) was the main destination for exports of lawn and garden tractors and equipment from the United States, with a X% share of total exports. Moreover, exports of lawn and garden tractors and equipment to Mexico exceeded the volume sent to the second major destination, Germany (X units), sixfold. China (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and China (X% per year).

In value terms, the largest markets for lawn and garden tractor and equipment exported from the United States were Canada ($X), Australia ($X) and France ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Australia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for lawn and garden tractors and equipment amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a dramatic curtailment. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Imports of Lawn And Garden Tractors And Equipment

Imports into the U.S.

In 2022, purchases abroad of lawn and garden tractors and equipment decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports of reached the peak figure at X units in 2021, and then reduced sharply in the following year.

In value terms, imports of lawn and garden tractors and equipment declined modestly to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of lawn and garden tractor and equipment to the United States, with a X% share of total imports. Moreover, imports of lawn and garden tractors and equipment from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fourfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of lawn and garden tractors and equipment to the United States, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average import price for lawn and garden tractors and equipment stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price, however, showed a abrupt contraction. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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