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Landscaping Services Market Growth And Overview Report 2024-2033
Landscaping Services Market Growth
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According to The Business Research Company's, The landscaping services market size has grown strongly in recent years. It will grow from $297.56 billion in 2023 to $320.84 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to improvements in the real estate and housing industries, rapid urbanization, innovation in landscaping techniques, rising popularity of organic gardening.
The landscaping services market size is expected to see strong growth in the next few years. It will grow to $418.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to accessibility to high-tech landscaping products, government investments in research and development, growing emphasis on sustainability, changing lifestyle. Major trends in the forecast period include smart landscaping, technological advancements, online landscaping services, landscape lighting.
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Market Drivers and Trends:
The rise in the real estate industry is expected to propel the growth of the landscaping services market going forward. The real estate industry involves buying, selling, leasing and managing properties, including land, buildings and other improvements. Landscaping services are commonly employed in real estate development projects to design and build appealing outdoor spaces that complement the overall design and functionality of the property. For instance, in June 2023, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, a U.S.-based government administration department, the number of privately owned home completions in May 2023 was 1,518,000 on a seasonally adjusted yearly basis. This is 5.0 percent over the May 2022 rate of 1,446,000 and 9.5 percent above the revised April 2023 estimate of 1,386,000. Therefore, the rise in the real estate industry is driving the growth of the landscaping services market.
Companies operating in the landscaping services market are adopting new technologies to sustain their position in the market. The advancements in service offerings can help landscaping companies diversify their client base and increase revenue streams. For instance, in March 2023, Silver Stone Landscaping LLC, a US-based provider of landscaping services, launched Tree Services to provide comprehensive and high-quality tree care solutions for commercial and residential clients. The organization's arborists use innovative techniques and instruments to guarantee that the trees are strong, lively and secure for the building and its occupants.
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Landscaping Services Global Market Report 2024
Hess Landscape Architects Inc., Stantec Inc., ScottsMiracle-Gro Company, BrightView Holdings Inc., The ServiceMaster Company, Yellowstone Landscape Inc., The Davey Tree Expert Company, Weed Man USA, Ruppert Landscape LLC, U.S. Lawns, Gothic Landscape Inc., LandCare LLC, Clintar Landscape Management Company, Chapel Valley Landscape Co Inc., The Grounds Guys LLC, The Brickman Group Ltd., Mainscape Inc., Denison Landscaping Inc., Lawn Doctor Inc., Dixie Landscape LLC, Ryan Lawn & Tree Inc., Pierre Landscape Inc., Brogan Landscaping Inc., Green Options Pty Ltd., Christy Webber Landscapes, Renew Design Group, ValleyCrest Companies, Lawns and Palms Inc., EarthTones Design Inc., Vila & Son Landscaping Corporation.
Landscaping Services Market 2024 Key Insights:
• The heptanoic acid market size is expected to see steady growth in the next few years. It will grow to $3.4 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%.
• Real Estate Boom Fuels Growth In The Landscaping Services Market
• Landscaping Firms Embrace Innovative Technologies To Expand Service Offerings
• North America was the largest region in the landscaping services market in 2023
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