According to an Ag Equipment Intelligence report, lawn and garden equipment, 2WD mid-size tractors and 2WD compact tractors are best bets for improving unit sales in 2019.
Demand for power lawn and garden equipment among residential users is forecast to rise 2.9% annually to $7.9 billion in 2022, slightly slower than growth among commercial users.
Commercial and consumer lawn equipment and GPS/Precision Ag sales showed strength, while large equipment demand remains weak, according to the most recent Ag Equipment Intelligence report.
Rising employment levels are almost always a positive sign indicating a business is growing. That being the case, landscape contractors are on a roll — again. And this is also a positive sign for retailers, particularly outdoor power equipment dealers, who supply the equipment needs for those maintaining parks, corporate facilities and homeowners with turf services.
Continuing solid demand for many of the new products handled by many rural lifestyle equipment dealers, including compact, utility and garden tractors as well as ATVs, is helping to maintain the valuations of used equipment.
For the third year in a row, lawn and garden equipment maintained its top spot on farm equipment dealers’ ranking of “Best Bets” list of products they believe will increase unit sales in 2017. And not too far behind are compact tractors (under 40 horsepower) in the #2 spot, and #5 on the list is utility tractors (40-100 horsepower).
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