According to the U.S. Census Bureau, there were 9,086 establishments that were registered in the Farm and Garden Machinery and Equipment Industry in 2001. These establishments totaled just over $12 billion in sales in 2002. The following year, sales exceeded $24 billion.
By 2009, the number of registered establishments in the Farm and Garden Machinery and Equipment Industry had decreased to 8,018. Although the overall number of registered establishments had decreased, the industry sales continued to grow. By 2010, the total Farm and Garden Machinery and Equipment Industry sales exceeded $65 billion. Farm machinery, equipment, and parts represented 60 percent of the industry while lawn and garden equipment accounted for about 30 percent. The primary leaders in the industry, such as AGCO Corp, Caterpillar Inc., and Deere & Co., accounted for about 30 percent of total revenues.
Several leaders in the Farm and Garden Machinery and Equipment Industry, such as Deere & Co, Briggs & Stratton, and Stihl Incorporated, are members of the Outdoor Power Equipment Institute (OPEI). OPEI is the major international trade association that represents the manufacturers and their suppliers of consumer and commercial outdoor power equipment such as lawnmowers, tractors, trimmers, edgers, chain saws, and more. OPEI develops standards for several pieces of equipment including snow-throwers, mowers, tillers, chain saws, and more. These standards focus on attempting to develop safer and more efficient outdoor power equipment. The Farm and Garden Machinery and Equipment Industry is constantly growing and improving so it is important that OPEI standards remain updated.
