US shipments of power lawn and garden equipment on the rise
US shipments of power lawn and garden equipment are projected to rise more than 3 percent annually through 2005, reaching $9.8 billion, according to the Freedonia Group, (Cleveland, Ohio). This is a decrease from the growth rate posted in the late 1990s.
Battery powered equipment will grow more than gas powered equipment, with a predicted 9.5 percent annual growth rate through 2005. This will put its value at around $410 million by 2005.
Turf and grounds equipment is expected to post the strongest gains, partly due to the continuing growth of the golf course industry. However, the residential market will continue to comprise the largest market segment, at around 80 percent of the total.
For more information, see www.freedoniagroup.com.