PUBLISHER: The Business Research Company | PRODUCT CODE: 1619525
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619525
Commercial turf equipment consists of machinery and tools designed for maintaining and managing large grass and turf areas in professional environments such as sports fields, golf courses, parks, and commercial landscapes. Engineered for heavy-duty use, this equipment features advanced technology and durability, providing increased efficiency, precision, and reliability to meet the demanding needs of commercial applications.
The primary products in commercial turf equipment include mowers, turf tractors, aerators, turf sprayers, bunker rakes, and others. Mowers are machines used to cut grass to a consistent height, making them crucial for maintaining lawns and landscapes. They can be gas-powered, battery-powered, or electric-powered and are utilized by various end-users, including those in sports and golf.
The commercial turf equipment market research report is one of a series of new reports from The Business Research Company that provides commercial turf equipment market statistics, including commercial turf equipment industry global market size, regional shares, competitors with a commercial turf equipment market share, detailed commercial turf equipment market segments, market trends and opportunities, and any further data you may need to thrive in the commercial turf equipment industry. This commercial turf equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The commercial turf equipment market size has grown strongly in recent years. It will grow from $6.19 billion in 2023 to $6.53 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth during the historic period can be attributed to an increase in disposable income, expansion in the parks and recreation sector, overall economic growth, rising property values, and the growth of sports leagues.
The commercial turf equipment market size is expected to see strong growth in the next few years. It will grow to $8.12 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth anticipated for the forecast period can be attributed to a rise in commercial landscaping projects, increasing urbanization, the expansion of golf courses and recreational facilities, heightened awareness of turf health, and a growth in sports facilities. Key trends during this period include innovations such as GPS and autonomous systems, advancements in turf technology, a demand for sustainable practices, an increased need for professional turf management services, and the adoption of smart equipment.
The growing participation in sports activities is anticipated to drive the expansion of the commercial turf equipment market in the future. This rise in participation is attributed to heightened awareness of health benefits, improved access to facilities, and a stronger focus on fitness and well-being in society. Commercial turf equipment is essential for maintaining high-quality playing surfaces, ensuring optimal performance, safety, and durability during games and practices. For example, a report published by the Sports and Fitness Industry Association (SFIA), a US-based nonprofit organization, indicated that 78.8% of Americans, or 242 million people, participated in at least one sports activity in 2023, reflecting a 2.2% increase from 2022. Thus, the increase in sports participation is propelling the growth of the commercial turf equipment market.
Leading companies in the commercial turf equipment market are advancing technology with products such as spreader sprayers, which provide efficient and uniform application of fertilizers and chemicals over large areas. A spreader sprayer is a device designed to evenly distribute fertilizers, pesticides, or herbicides while simultaneously spraying liquid chemicals for comprehensive coverage. For instance, in March 2024, Turfco, a US-based company specializing in commercial lawn care and turf maintenance equipment, introduced the T3200 spreader sprayer. The T3200 is notable for its ability to fit through a 36-inch gate and is the largest in its class. It can be paired with the T-Flex15 tank to cover up to 140,000 square feet per fill and offers the capability to spray two liquids either simultaneously or independently. This feature reduces turf damage and ensures precise alignment, while the on-demand electric pump and low maintenance requirements enhance its operational efficiency.
In January 2022, The Toro Company, a US-based manufacturer of lawnmowers, acquired Intimidator Group for $400 million. This acquisition is intended to bolster The Toro Company's presence in the expanding zero-turn mower market, enhance its product portfolio, and leverage technological and manufacturing efficiencies for future growth. Intimidator Group, also based in the US, specializes in the design and manufacture of commercial turf equipment.
Major companies operating in the commercial turf equipment market are Honda Motor Co., Deere & Company, Kubota Corporation, Stanley Black & Decker Inc., Textron Inc., Husqvarna AB, The Toro Company, MTD Products Inc., Briggs & Stratton Corporation, Emak SpA, STIHL Inc., Excel Industries Inc., Intimidator Group, Schiller Grounds Care Inc., Smithco Inc., Brinly-Hardy Company, Redexim BV, Turfco Manufacturing Inc., Scag Power Equipment, Greenman Golf & Turf Solutions, Protea Machines, Tru-Turf Pty Ltd., Turbo Technologies Inc., TurfTime Equipment LLC, Weibang
North America was the largest region in the commercial turf equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial turf equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the commercial turf equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The commercial turf equipment market consists of sales of sod cutters, trimmers and edgers, blowers, and field groomers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Commercial Turf Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on commercial turf equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for commercial turf equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The commercial turf equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.