Industry Analysis & Industry Trends
Along with an unfavorable economic climate, lawn and outdoor equipment stores have been significantly affected by increasing competition from home improvement stores. As consumers look for one-stop shops that offer convenience and lower prices, they will continue to favor home improvement stores. Because of this trend, industry revenue will decrease modestly over the next five years, with firms consolidating to survive... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Lawn and Outdoor Equipment Stores industry exhibits very low concentration. The industry is highly fragmented, with no single operator owning more than 4.0% of the market share. The majority of the businesses in the industry is privately owned and has been successfully supplying the local demand in its community. In 2013, about 78.2% of the total participants are expected to have fewer than 10 employees, while only 9.8% will employ more than 20 workers.
However, in recent years, many of these small operators have merged with other players or exited the industry, and thus, increasing concentration. This trend has occurred because of falling industry profitability due to intense competition from home improvement stores... purchase to read more