PUBLISHER: The Business Research Company | PRODUCT CODE: 1620145
PUBLISHER: The Business Research Company | PRODUCT CODE: 1620145
Turf care equipment consists of machinery and tools designed to maintain and enhance turf surfaces, including lawns, sports fields, golf courses, and landscaped areas. This equipment is essential for maintaining the health and appearance of these green spaces.
Key types of turf care equipment include turf sprayers, mowers, turf tractors, aerators, utility vehicles, and others. Turf sprayers, for instance, are specialized tools used to apply fertilizers, pesticides, and herbicides to lawns and turf areas. These machines can be powered by various fuel sources such as gasoline and diesel, and they are used by a range of end users, including commercial lawn care services, sports field maintenance teams, golf course operators, and others.
The turf care equipment market research report is one of a series of new reports from The Business Research Company that provides turf care equipment market statistics, including turf care equipment industry global market size, regional shares, competitors with a turf care equipment market share, detailed turf care equipment market segments, market trends and opportunities, and any further data you may need to thrive in the turf care equipment industry. This turf care equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The turf care equipment market size has grown strongly in recent years. It will grow from $12.69 billion in 2023 to $13.92 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth during the historic period can be attributed to several factors, an increase in the number of golf courses, limitations in available playing grounds, rising demand for DIY landscaping projects, expansion in commercial lawn and sports facilities, and growing popularity of golf among the public.
The turf care equipment market size is expected to see strong growth in the next few years. It will grow to $20.20 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The anticipated growth during the forecast period can be attributed to several factors, increased construction activities, a rise in outdoor garden or lawn parties, growing public interest in sports, a higher number of luxury hotels and resorts, and the growing popularity of battery-operated ergonomic design tools. Major trends expected to shape this period include technological advancements, innovative product developments, the growth of commercial turf equipment, effective product development, and the introduction of lawnmowers with machine-to-machine communication capabilities.
The growing popularity of golf is expected to drive the expansion of the turf care equipment market in the future. Golf's increasing appeal is largely due to its nature as a socially distant outdoor activity that promotes wellness while offering both leisurely and competitive experiences. Turf care equipment plays a crucial role in maintaining the high quality of fairways, greens, and roughs, ensuring an optimal playing surface and enhancing the overall golfing experience. For example, in December 2023, the National Golf Course Owners Association Canada reported a 2.2% increase in rounds played compared to 2022, maintaining a significant 23.9% above pre-pandemic levels. This rise in golf's popularity is fueling growth in the turf care equipment market.
Key players in the turf care equipment market are focusing on creating technologically advanced solutions, such as lawn care equipment for both residential and commercial use, to improve precision, efficiency, and user convenience. This equipment includes tools and machines for maintaining lawns and green spaces in private and public areas. For instance, in October 2022, The Toro Company, a US-based firm known for its lawn mowers, launched several innovative residential lawn care products. These new offerings include a robotic mower with vision-based navigation and a smartphone app for personalized mowing schedules, as well as the Flex-Force Impulse Endeavor Inverter for powering electronic devices. Additionally, Toro introduced a 60V Max Attachment Capable Trimmer System with various attachments and a brushless motor for optimized performance. These innovations reflect Toro's commitment to advancing outdoor maintenance solutions and addressing the evolving needs of homeowners and professionals.
In October 2023, Metalcraft of Mayville, Inc., a US-based company specializing in precision metal fabrication and custom manufacturing, acquired Bluebird Turf Products for an undisclosed amount. This acquisition is aimed at enhancing Metalcraft of Mayville's product range and market presence in the turf care equipment sector, as well as integrating Bluebird's complementary products and rental network. Bluebird Turf Products is a US-based company known for providing reliable turf care equipment for commercial, rental, and residential users.
Major companies operating in the turf care equipment market are Deere & Company, Kubota Corporation, BLACK+DECKER Inc., Textron Inc., Husqvarna AB, The Toro Company, MTD Products Inc., Briggs & Stratton Corporation, Honda Power Equipment, Ventrac, Schiller Grounds Care Inc., Smithco Inc., Brinly-Hardy Company, Redexim North America Inc., Salsco Inc., Turfco Manufacturing Inc., Scag Power Equipment, Greenman Golf & Turf Solutions, Spraying Devices Inc., Protea Turf Equipment CC, Tru-Turf Pty Ltd, TurfTime Equipment
North America was the largest region in the turf care equipment market in 2023. The regions covered in the turf care equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the turf care equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The turf care equipment market consists of sales of mowers, top dressers, utility vehicles, fertilizers, and rollers. 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.
Turf Care 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 turf care 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 turf care equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The turf care 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.