Type (Landscape & Garden Maintenance, Landscape & Garden Design & Construction, Landscape & Garden Enhancement)
Landscape & garden maintenance segment is poised to account for around 50% landscaping services market share by 2037. This growth can be impelled by the growing awareness of sustainable landscaping and gardening options among individuals. This consists of utilizing native plants, reducing the wastage of water, and using organic fertilizers, and pest control procedures.
Furthermore, the growing adoption of smartphones is also evaluated to dominate the growth of the segment. The number of users of smartphones is projected to amount to over 7 billion in 2024. Owing to this, monitoring and controlling irrigation systems remotely has become possible.
Additionally, the landscape & garden design & construction segment is also set to have significant growth in the market. The major element to encourages the growth of the segment is the rising popularity of outdoor kitchens.
End-User (Commercial, Residential, Government & Institutional)
By 2037, residential segment is estimated to account for around 7.89% landscaping services market share. The major element to dominate the growth of the segment is the rising investment in the construction of outdoor spaces. This is further influenced by the growing trend among millennials to innovate outdoor spaces. For instance, nearly 51% of Millennials in America prefer to renovate their outdoor spaces, in contrast to about 44% of seniors. Furthermore, the adoption of new housing projects is also estimated to fuel the segment expansion.
Moreover, the commercial segment is also estimated to have notable growth in the market over the forecast period. There has been a rising development of hotels around the globe which is also assumed to encourage segment growth. This is because outdoor areas which are well-decorated attract more customers.
Also, the tourist population is observing a surge in the upcoming years. For instance, in the case of India, the Bureau of Immigration recorded about 305.4 Foreign Tourist Arrivals (FTA).
Service (Mowing, Cutting & Edging Grassy Areas, Trimming Bushes, Laying Sod, Others)
The mowing segment is assumed to have notable growth in the landscaping services market over the coming years. Lack of mowing causes grass to rise on the property, and this growing grass creates a breeding area for fleas, ticks, and other pests. For instance, the National Institute of Foos & Agriculture estimated that 20% to 40% of crop production across the globe is lost due to pests yearly.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Nilanjana Ray
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