Global Landscaping Services Market Forecast 2024-2033: Estimated Market Size And Growth Rate
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The landscaping services market has witnessed robust growth, sprouting from $297.56 billion in 2023 to $320.84 billion in 2024, marking a blossoming compound annual growth rate (CAGR) of 7.8%. The roots of this growth lie in the improvements in the real estate and housing industries, rapid urbanization, innovative landscaping techniques, and the rising popularity of organic gardening.
Factors Cultivating Historic Growth
- Real estate and housing industry improvements
- Rapid urbanization
- Innovation in landscaping techniques
- Rising popularity of organic gardening
Nurturing Future Growth
The landscaping services market is poised for continued growth in the upcoming years, projected to reach $418.16 billion in 2028, with a compound annual growth rate (CAGR) of 6.8%. This growth is nurtured by factors such as accessibility to high-tech landscaping products, government investments in research and development, a growing emphasis on sustainability, and evolving lifestyles. Key trends in the forecast period encompass smart landscaping, technological advancements, online landscaping services, and landscape lighting.
Factors Fostering Future Growth
- Accessibility to high-tech landscaping products
- Government investments in research and development
- Growing emphasis on sustainability
- Changing lifestyles
Real Estate Boom: A Fertile Ground for Growth
The burgeoning real estate industry serves as fertile ground, propelling the landscaping services market forward. Landscaping services play a pivotal role in real estate development projects, enhancing outdoor spaces to harmonize with the property’s overall design and functionality. Recent data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development indicate a significant surge in privately owned home completions, underscoring the pivotal role of landscaping services in real estate projects.
Impact of Real Estate Boom
- 5.0% increase in privately owned home completions in May 2023 compared to May 2022
- 9.5% increase above the revised April 2023 estimate
Industry Leaders Nurturing Growth
Major players in the landscaping services market, including Hess Landscape Architects Inc., Stantec Inc., and BrightView Holdings Inc., are leading the way in fostering growth. These companies provide a range of landscaping services, from landscape and garden maintenance to design and construction, catering to diverse client needs.
Key Market Players
- Hess Landscape Architects Inc.
- Stantec Inc.
- BrightView Holdings Inc.
- Yellowstone Landscape Inc.
- The Davey Tree Expert Company
Tech Integration: A Path to Diversification
To sustain their market position, landscaping services companies are embracing innovative technologies. Technological advancements not only improve service offerings but also help diversify client bases and increase revenue streams. For instance, Silver Stone Landscaping LLC has integrated Tree Services into its offerings, providing comprehensive tree care solutions using innovative techniques and instruments.
Tech Integration for Service Diversification
- Silver Stone Landscaping introduces Tree Services
- Comprehensive tree care solutions for commercial and residential clients
View More On The Landscaping Services Market Report 2023 – https://www.thebusinessresearchcompany.com/report/landscaping-services-global-market-report
Strategic Acquisitions in a Growing Landscape
In January 2023, BrightView Holdings Inc., a key player in the commercial landscaping services sector, acquired Island Plant Company LLC, a resort and condominium landscaping company. This strategic move bolstered BrightView’s commercial landscaping business, showcasing the importance of acquisitions in a burgeoning market.
Strategic Acquisition
- BrightView Holdings Inc. acquires Island Plant Company LLC
- Strengthens commercial landscaping business and gains expertise
Market Segmentation: Tending to Diverse Needs
The landscaping services market is intricately segmented to address various needs and requirements, ranging from landscape and garden maintenance to specific services like mowing, cutting, and laying sod. This segmentation provides a nuanced understanding of the market’s diverse landscape.
Market Segmentation
- Type:
- Landscape And Garden Maintenance And Management
- Landscape And Garden Design And Construction
- Landscape And Garden Enhancement
- Other Types
- Service:
- Mowing, Cutting And Edging Grassy Areas
- Trimming Bushes
- Laying Sod
- Other Services
- Application:
- Residential
- Commercial
- Municipal
- Other Application
Regional Leadership: North America Blooms
In 2023, North America took the lead as the largest region in the landscaping services market, showcasing its prominence and influence in shaping the industry’s growth.
Regional Insights
- North America emerges as the largest region in the landscaping services market in 2023
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The Landscaping Services Global Market Report 2023 provides comprehensive insights on the landscaping services market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the landscaping services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
View More Related Reports –
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