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2024 U.S. Industry Statistics & Market Forecast - Home and Garden Equipment Repair and Maintenance
Market Size & Industry Statistics
The total U.S. industry market size for Home and Garden Equipment Repair and Maintenance:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Home and Garden Equipment Repair and Maintenance industry include:- Increased preference for eco-friendly and sustainable products
- Rising adoption of smart home products
- Growth in DIY repairs fueled by online tutorials and forums
- Aging population requiring more maintenance services
- Urbanization leading to smaller living spaces and less equipment ownership
- Technological advancements in equipment requiring specialized skills
- Gig economy and rise of freelance repair professionals
- Integration of mobile technologies for service scheduling and management
- Impact of economic downturns influencing spending on non-essential services
- Increased manufacturer warranties reducing demand for third-party repairs
- Shift towards preventive maintenance and service contracts
- Regulations and policies focusing on energy efficiency and emissions
Product & Services Breakdown
Research products and services in the Home and Garden Equipment Repair and Maintenance industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Maintenance And Repair - Appliances And Powered Household Equipment |
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Maintenance And Repair - Household-Type Lawn, Garden, And Snow Removal Equipment |
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Resale Of Merchandise |
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Resale Of Parts And Supplies Not Included In Repair Work |
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Resale Of New Equipment |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Home and Garden Equipment Repair and Maintenance company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Home and Garden Equipment Repair and Maintenance industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Home and Garden Equipment Repair and Maintenance measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| General and Operations Managers | 5% | |||
| Sales and Related Occupations | 5% | |||
| Office and Administrative Support Occupations | 16% | |||
| Other Office and Administrative Support Workers | 6% | |||
| Office Clerks, General | 6% | |||
| Office Clerks, General | 6% | |||
| Installation, Maintenance, and Repair Occupations | 40% | |||
| Vehicle and Mobile Equipment Mechanics, Installers, and Repairers | 12% | |||
| Small Engine Mechanics | 11% | |||
| Motorboat Mechanics and Service Technicians | 7% | |||
| Other Installation, Maintenance, and Repair Occupations | 25% | |||
| Home Appliance Repairers | 14% | |||
| Home Appliance Repairers | 14% | |||
| Production Occupations | 21% | |||
| Textile, Apparel, and Furnishings Workers | 12% | |||
| Miscellaneous Textile, Apparel, and Furnishings Workers | 6% | |||
| Upholsterers | 6% | |||
Home and Garden Equipment Repair and Maintenance Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Home and Garden Equipment Repair and Maintenance industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Home and Garden Equipment Repair and Maintenance industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Home and Garden Equipment Repair and Maintenance industry. |
Source:
Innovation News
- Jul 18, 2023: AA Power Equipment trademarks "WEZORI" - Power tools
- Feb 02, 2021: Habitat Horticulture trademarks "GROWTEX" - Pre-seeded felt mulch mats comprised primarily of seeds for growing plants and flowers
- May 31, 2020: AA Power Equipment trademarks "MOWER PARTSMAN AO" - On-line retail store services featuring generators, lawn mowers, water pumps, tillers, trimmers, brush cutters, and parts for the following: lawn mowers, lawn tractors, outdoor power equipment, and small engines; On-line wholesale and retail store services featuring generators, lawn mowers, water pumps, tillers, trimmers, brush cutters, and parts for the following: lawn mowers, lawn tractors, outdoor power equipment, and small engines; Online retail generators, lawn mowers, water pumps, tillers, trimmers, brush cutters, and parts for the following: lawn mowers, lawn tractors, outdoor power equipment, and small engines store services featuring in-store order pickup
Recent Federal Contracts for Home and Garden Equipment Repair and Maintenance
- Mar 29, 2024: NOELS INC (Farmington, NM) awarded $6,890
- Mar 20, 2024: FORTIUS GROUP LIMITED (Blantyre, ) awarded $13,147
- Mar 11, 2024: DAVIS EQUIPMENT CORPORATION (Johnston, IA) awarded $3,182
- Feb 28, 2024: VERMEER NEW MEXICO INC (Albuquerque, NM) awarded $6,272
- Feb 26, 2024: HOLLAND SUPPLY, INC. (Holland, MI) awarded $32,127
- Feb 19, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $10,070
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