Tips for lawn & garden growth
If sales are flat, sagging or lagging, it might be a good time to go green.
To cash in on the increasingly lucrative lawn & garden business, Home Improvement Research Institute (collaborating with YipitData) offers several tips and takeaways to help you mow down the competition.
Lawn mowers are fueling growth.
According to HIRI, Lawn & Garden sales in the U.S. have grown 7 percent in the trailing 12 months -- thanks in large part to the "Lawn Mower" segment. Zero-Turn mower sales, in particular, are soaring.
HIRI shares the latest data (from 2024) that lawn mowers account for roughly 8 percent of the Lawn & Garden category. Mowers have also seen a 15 percent sales bump year-over-year, and they continue to fare much better than counterparts like hedge trimmers, string trimmers and leaf blowers.
As for zero-turn mowers, HIRI writes:
"Zero-turn mowers account for 28 percent percent of the lawn mower category, with its 2024 share of the category growing 2 percentage points year-over-year and sales growing 21 percent."
Toro is on a tear.
Since striking a deal with Lowe's in 2023, Toro has boosted sales and market share -- especially in terms of zero-turn mowers. HIRI shares that the Minnesota-based manufacturer has increased its zero-turn market share from just 9 percent in 2023 to an incredible 25 percent in 2024. This rise, according to HIRI, is coming at the expense of other brands like Ariens, Bad Boy Mowers, and John Deere. HIRI reports that Toro has experienced a 220 percent gross merchandise value in zero-turn mowers.
Interestingly, HIRI reports that approximately 6 percent of Toro buyers at Lowe’s are new to the Lawn & Garden category.
Lawn tractor sales are down.
After hitting a high-water mark in May and June 2024, when lawn tractor mower sales spiked by over 20 percent, the latest data shows lawn tractor sales slumping since then. Meanwhile, walk-behind mower sales, which had spiked for much of 2024, have flattened out a bit in recent months.
All told, the lawn & garden sector continues to rise. Consider Home Depot, for instance, where the garden business is now a $20 billion enterprise per year. Compare those numbers to its appliances ($14.05 billion), plumbing ($12.36 billion) lumber ($11.76 billion) and paint ($11.20 billion) sales, and you can see the possibility of a major industry shift ahead.