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Tree Services Market Size, Deep Analysis, Growth Statistics, Share, Trends And Forecast To 2033
Tree Services Market Size
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According to The Business Research Company's, The tree services market size has grown rapidly in recent years. It will grow from $1.14 billion in 2023 to $1.30 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to increasing focus on sustainability, higher demand for services to prevent or clean up after storms, increasing disposable income, government initiatives, and expansion of landscaping services.
The tree services market size is expected to see rapid growth in the next few years. It will grow to $2.20 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to increasing city expansion, higher frequency of storms, increasing spread of pests and diseases, municipal regulations, and growth in real estate. Major trends in the forecast period include innovations in tree care techniques and equipment, demand for green infrastructure, advancements in pruning tools, use of drones and other technologies, and demand for tree health assessments.
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Market Drivers and Trends:
The expansion of the construction industry is expected to propel the growth of the tree services market going forward. The construction industry refers to the economy sector involved in the design, planning, building, and maintenance of infrastructure, buildings, and other structures. The expansion of the construction industry is due to increased demand for modernized facilities, urban expansion, and the need to replace or upgrade aging infrastructure. Tree services play an essential role in the construction industry by ensuring the proper management of trees and vegetation during all stages of construction projects. Their involvement is crucial for both environmental compliance and site preparation. For instance, in September 2024, according to the US Census Bureau, a US-based government agency, construction spending was estimated at a seasonally adjusted annual rate of $2,162.7 billion in July 2024, marking a 6.7% increase compared to the $2,027.4 billion spent in July 2023. Further, total public construction increased to $270,803 million in July 2024 compared to $243,948 in 2023. Therefore, the expansion of the construction industry is driving the growth of the tree services market.
Major companies operating in the tree services market are focused on developing innovative products, such as battery-powered pruners, to offer convenience, ease of use, and portability. Battery-powered pruners are hand tools that use rechargeable batteries to power a motor for cutting branches, offering convenience and mobility without the need for manual effort or a power cord. For instance, in October 2023, Andreas Stihl AG & Co., a Germany-based forestry company, launched the HTA 150 and HTA 160 Pruners. The HTA 150 pole pruner boasts a magnesium gearbox for maneuverability and a fixed shaft for stability and control. Powered by the AP 300 S 36-volt battery, it features a 10-inch bar and 3/8-inch PMM3 chain for smooth, low-vibration cuts and includes a branch hook for easy removal of clippings, with an added foot mount smart kit for ground support. The HTA 160, the most potent battery-powered pole pruner in the AP System, rivals the HT 135 gas-powered pruner in cutting power and features a telescoping square-shaft design for reaching heights between 9 ft. 4 in. and 13 ft. 3 in., with a durable gearbox for precise pruning.
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Major Key Players of the Market:
BrightView Holdings Inc., Davey Tree Expert Company, SavATree, U.S. Lawns Inc., FA Bartlett Tree Experts Co., Grounds Guys LLC, Timberline Tree Service, Evergreen Tree Care Inc., Jim's Trees SA, JL Tree Service, Tarzan Tree Removal, Eagle Tree Care LLC, Trav's Tree Services, All About Trees LLC, Sydney Tree Company, Tree Care Inc., Pacific Tree Care, Tree Masters Inc., Premier Tree Service Inc., Healthy Trees LLC, Greener Trees, Pro Tree Service, Top Notch Tree Care, Elite Tree Service
Tree Services Market 2024 Key Insights:
• The tree services market size is expected to see rapid growth in the next few years. It will grow to $2.20 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%.
• Impact Of Construction Industry Expansion On The Growth Of The Tree Services Market
• Innovations In Battery-Powered Pruners
• Asia-Pacific was the largest region in the tree services market in 2023
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