In 2023, the landscaping services market is estimated to capture a valuation of US$ 314.35 billion and is predicted to reach US$ 573.67 billion by 2033. The market is likely to register a CAGR of 6.2% during the forecast period.
Key Factors:
- Growing awareness of the significance of aesthetically pleasing and well-maintained outdoor spaces is driving the demand for landscaping services among homeowners, businesses, and public spaces.
- There is an increasing emphasis on sustainability in landscaping practices, with people seeking eco-friendly solutions and materials.
- Sustainable landscaping practices include the use of native plants, which are adapted to the local environment and require less water and maintenance.
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Key Takeaways:
- The market is securing a CAGR of 6.2% with a valuation of US$ 573.67 billion by 2033.
- The United States is dominating the global market by registering a maximum share by 2033.
- The landscaping services market is predicted to secure a valuation of US$ 314.35 billion in 2023.
A few general trends in the landscaping services market include:
- Increasing demand for eco-friendly and sustainable landscaping services such as native plants and the implementation of water conservation measures.
- The growing interest in outdoor living spaces, including the installation of patios, decks, and outdoor kitchens. The incorporation of features such as fire pits and outdoor lighting.
- Technological advancements in landscaping equipment and software provide high-quality professional landscaping services.
- The rising popularity of lawn care and landscaping services among commercial and residential clients.
- Promoting green infrastructure by the government to reduce carbon emissions.
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Innovation by Key Players in the Global Market
Key players are constantly evolving with innovations with adopting advanced technologies. Several innovations by key players in the market are:
- Use of Technology: Many landscaping companies use technology to enhance their services. It includes using a drone for aerial inspections, implementing 3D modelling and providing virtual tours to clients using GPS tracking.
- Sustainable Practices: With growing environmental concerns, key companies are incorporating sustainable practices into their operations. It includes eco-friendly products, water-saving techniques and others.
- Customized Designs: The key companies offer customized designs tailored to their client’s needs and preferences. It may include incorporating unique features like outdoor kitchens, fire pits, and water features.
- Collaborative Approach: Several marketing companies are collaborating with their clients that meet their needs with a budget. These companies involve listening to their client’s ideas and concerns and providing them with expert advice to ensure the best outcome.
Prominent Players in the landscaping services market are:
BrightView Landscapes, LLC, The Davey Tree Expert Company, TruGreen, The Brickman Group, Ltd., The Grounds Guys, United States Lawns, LandCare, LLC, Yellowstone Landscape Group, Gothic Landscape, and Lawn Doctor.
Recent Developments in the Market:
- Scott Miracle-Gro is a leading lawn and garden care product provider in North America. The company offers products including pesticides, fertilizers and grass seeds. In 2020, the company reported revenues of US$ 4.1 billion.
- In July 2021, BrightView Landscapes announced the acquisition of Commercial Tree Care, a full-service care provider based in Austin, Texas. This acquisition took place to expand the tree care services in Texas.
