NEWARK, Del, April 05, 2023 (GLOBE NEWSWIRE) -- The landscaping services market is securing a valuation of US$ 314.35 billion in 2023 and is projected to reach US$ 573.67 billion by 2033. The market is capturing a CAGR of 6.2% during the forecast period.
How Does Government Support Upsurge of the Global Market?
There are several ways the government support the landscaping industry, including:
- Regulation: Government may implement landscaping regulations, such as water usage restrictions or the use of certain chemicals. These regulations can help promote environmentally sustainable practices and ensure that landscaping services are conducted safely.
- Funding: Government may provide funding for landscaping projects in public spaces, such as parks and government buildings. It can create job opportunities for landscaping professionals and help beautify communities.
- Tax Incentives: Governments may offer tax incentives for businesses that invest in sustainable landscaping practices or for homeowners who install energy-efficient landscaping features, such as solar-powered outdoor lighting.
- Training and Education: Governments may provide training and education programs for landscaping professionals to help improve service quality and promote sustainable practices.
- Research and Development: Governments may invest in research and development related to landscaping practices, such as developing new technologies for efficient irrigation or using native plants in landscaping. It helps the industry to stay current and competitive.
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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.
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.
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.
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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.
Landscaping Services Market by Category
By Type:
- Landscape and Maintenance
- Landscape and Garden Design and Construction
- Landscape and Garden Enhancement
By Application:
- Commercial
- Household
Region:
- North America Market
- Europe Market
- Latin America Market
- Asia Pacific Market
- The Middle East Africa Market
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Table of Content
1. Executive Summary | Landscaping Services Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage/Taxonomy
2.2. Market Definition/Scope/Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 (TOC Continue...)
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