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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.
| Statistics | 2017 2018 2019 2020 2021 2022 | |
|---|---|---|
| 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 / 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 (%) | ||||||
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 Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Construction, Forestry, And Mining Machinery And Equipment, Including Parts And Attachments |
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Farm Machinery, Equipment, And Parts |
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New Farm Tractors |
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New Harvesting Machinery |
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New Land Preparation, Planting, And Cultivating Machinery |
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New Dairy Farm And Barn Equipment |
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New Irrigation Equipment And Parts |
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Other New Farm Machinery And Equipment |
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Used Farm Machinery And Equipment |
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Parts And Supplies For Farm Machinery And Equipment |
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Lawn And Garden Machinery, Equipment, And Parts |
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New Power Lawn Mowers |
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Other New Lawn And Garden Machinery, Equipment, And Parts |
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Used Lawn And Garden Machinery, Equipment, And Parts |
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General-Purpose Industrial Machinery, Equipment, And Parts |
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Farm Supplies |
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Service Receipts And Labor Charges, Including Installed Parts |
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Labor Charges For Repair Work |
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Parts Installed In Repair Work |
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Other Service Receipts And Labor Charges |
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Receipts For Installing Equipment |
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Miscellaneous Commodities |
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Rental And Operating Lease Receipts |
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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 |
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| 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 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 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 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. |
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| 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). |
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| 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. |
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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 | 7% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| 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% | |||
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 |
| 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 Farm & Garden Machinery & Equipment Merchant Wholesalers industry. |
Source:
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 |
|---|---|---|
| LIVINGSTON MACHINERY COMPANY 5201 S Highway 81 Chickasha, OK | May 26, 2023 | $17,800 |
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