Industry Data & Market Research

2023 U.S. Industry Statistics & Market Forecast - Farm & Garden Machinery & Equipment Merchant Wholesalers

Market Size & Industry Statistics

The total U.S. industry market size for Farm & Garden Machinery & Equipment Merchant Wholesalers: 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.

Farm & Garden Machinery & Equipment Merchant Wholesalers market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Farm & Garden Machinery & Equipment Merchant Wholesalers industry, which supplies products to farms, nurseries, horticulture, and lawn and garden service professionals, is experiencing significant trends that are shaping its future.

One of the primary trends is the increasing adoption of precision agriculture technologies, such as GPS sensors, drones, and machine learning algorithms, to optimize crop yields and reduce waste. This trend is driving the demand for high-tech equipment, such as smart tractors and sensor-equipped irrigation systems.

Another trend is the shift towards sustainable agriculture and green landscaping practices, which is driving the demand for eco-friendly farm and garden equipment, such as electric and hybrid-powered machinery and biodegradable fertilizers and pest control solutions.

The rise of e-commerce and online marketplaces is also affecting the industry, as consumers increasingly turn to digital channels to purchase equipment. This trend is prompting wholesalers to invest in digital marketing and e-commerce capabilities to remain competitive.

Lastly, there is a significant trend for rental models in the industry. Renting equipment has become more popular than buying it outright, as renting provides a business with the option to use up-to-date machinery without the need for high initial capital outlay.

In conclusion, it is essential for Farm & Garden Machinery & Equipment Merchant Wholesalers to embrace these trends and adapt to remain relevant and competitive in the current market landscape.

Product & Services Breakdown

Research products and services in the Farm & Garden Machinery & Equipment Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Construction, Forestry, And Mining Machinery And Equipment, Including Parts And Attachments

Farm Machinery, Equipment, And Parts

New Farm Tractors

New Harvesting Machinery

New Land Preparation, Planting, And Cultivating Machinery

New Dairy Farm And Barn Equipment

New Irrigation Equipment And Parts

Other New Farm Machinery And Equipment

Used Farm Machinery And Equipment

Parts And Supplies For Farm Machinery And Equipment

Lawn And Garden Machinery, Equipment, And Parts

New Power Lawn Mowers

Other New Lawn And Garden Machinery, Equipment, And Parts

Used Lawn And Garden Machinery, Equipment, And Parts

General-Purpose Industrial Machinery, Equipment, And Parts

Farm Supplies

Service Receipts And Labor Charges, Including Installed Parts

Labor Charges For Repair Work

Parts Installed In Repair Work

Other Service Receipts And Labor Charges

Receipts For Installing Equipment

Miscellaneous Commodities

Rental And Operating Lease Receipts

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.

U.S. map by state

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 AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
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
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Farm & Garden Machinery & Equipment Merchant Wholesalers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry 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 Farm & Garden Machinery & Equipment Merchant Wholesalers 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 Farm & Garden Machinery & Equipment Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry 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.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry 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.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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.

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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 7%

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Chief Executives0%
General and Operations Managers4%
Sales and Related Occupations 30%
Retail Sales Workers 14%
Counter and Rental Clerks and Parts Salespersons 11%
Parts Salespersons 10%
Sales Representatives, Wholesale and Manufacturing 13%
Sales Representatives, Wholesale and Manufacturing 13%
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 12%
Office and Administrative Support Occupations 14%
Installation, Maintenance, and Repair Occupations 31%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers 25%
Heavy Vehicle and Mobile Equipment Service Technicians and Mechanics 23%
Farm Equipment Mechanics and Service Technicians 22%
Transportation and Material Moving Occupations 10%
Material Moving Workers 5%
Source: Bureau of Labor Statistics

Farm & Garden Machinery & Equipment Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Farm & Garden Machinery & Equipment Merchant Wholesalers 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 Farm & Garden Machinery & Equipment Merchant Wholesalers 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
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Farm & Garden Machinery & Equipment Merchant Wholesalers industry.

Government Contracts

In 2022, the federal government spent a total of $617,023 on Farm & Garden Machinery & Equipment Merchant Wholesalers. It has awarded 10 contracts to 10 companies, with an average value of $61,702 per company.   

Most Recent Contracts Date Total Award Amount
5201 S Highway 81
Chickasha, OK
May 26, 2023$17,800