Sales of Wheeled Implements for Lawn and Garden Activities to Increase 2.6% Per Year through 2022
CLEVELAND, July 12, 2018 /PRNewswire/ — Sales of wheeled implements – which include spreaders, wheelbarrows and carts – in the US is forecast to rise 2.6% annually to $257 million in 2022. An improving economy and favorable weather conditions will spur growth for all of these products, and wheelbarrows and carts will benefit from an aging population that needs assistance with yard work. These and other trends are presented in Lawn & Garden Hand Tools & Wheeled Implements in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.
More information about this study is here: https://www.freedoniagroup.com/industry-study/lawn-and-garden-hand-tools-and-wheeled-implements-in-the-us-by-product-at-manufacturer-and-retail-level-3581.htm
Wheeled implements accounted for 30% of lawn and garden tools and implements sales in 2017. While spreaders are a necessity for most people who seed or fertilize their own lawns, wheelbarrows and carts are more discretionary as they make doing chores easier but do not directly impact lawn or garden care.
US demand for all lawn and garden hand tools and wheeled implements is forecast to rise 2.5% per year to $995 million in 2022, improving on the 2012-2017 performance. Demand will be supported by the ongoing and seasonal maintenance that result in lush, green lawns and colorful gardens, and trends in outdoor living that encourage spending more time in outdoor spaces.
About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Consumer Goods studies can be purchased at https://www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
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SOURCE The Freedonia Group