The landscaping industry is a multi-billion dollar market that is constantly growing. Landscaping business owners can benefit from understanding the current state of the landscaping industry, as well as statistics, trends, and predictions that landscaping business owners should know.
Let’s take a look.
Landscaping Industry Overview
The landscaping industry is made up of businesses that provide services such as lawn care, garden maintenance, and landscaping design. In the United States, there are over 600,00 landscaping businesses that employ over a million people. The landscaping industry is a multi-billion dollar industry with a wide range of services and products.
Typical services include:
- Lawn care
- Garden maintenance
- Landscape design
- Tree trimming and removal
- Snow removal
- Irrigation
- Fertilization
- Pest control
Some landscaping companies also offer landscaping products such as:
- Fertilizers
- Pesticides
- Herbicides
- Lawn mowers
- Snow blowers
- Landscaping tools
- Materials such as mulch, stone, and sod
Typical landscaping customer segments are:
- Residential customers
- Commercial customers
- Government agencies
The landscaping industry is a seasonal industry with the majority of revenue generated in the spring and summer months. In the United States, landscaping businesses generate an average of $7 billion in revenue per year.
Nonetheless, the landscaping industry is growing at a steady pace. In fact, the landscaping industry has grown 5.3% peryear on average between 2017 and 2022. This growth was driven by an increase in housing starts, as well as a strong economy and consumer confidence.
Landscaping Industry Market Size
The landscaping industry is a multi-billion dollar industry. In the United States, the landscaping industry was worth an estimated $128.8 billion in 2022. The market size of the landscaping industry is expected to grow 2.3% in 2022. Growth will rise to a compound annual growth rate (CAGR) of 4.5% through 2025.
Therefore, the landscaping industry is a large and growing market with plenty of opportunities for entrepreneurs.
Factors that contribute to the landscaping market size are:
- Housing starts: More houses means more landscaping services are needed.
- Strong economy: When the economy is strong, people are more likely to spend money on landscaping services and products.
- Consumer confidence: High consumer confidence means people are more likely to spend money on landscaping services.
Landscaping Industry Statistics
Here are some important landscaping industry statistics that entrepreneurs should know:
- 92% of landscaping businesses are small businesses
- 60% of landscaping businesses are one-person operations
- 23% of landscaping businesses have 2-4 employees
- 17% of landscaping businesses have 5-9 employees
- 1% of landscaping businesses have 10 or more employees
- The median revenue for landscaping businesses is $58,000
- The average revenue for landscaping businesses is $7 billion
- The landscaping industry has a projected 4.5% annual growth rate
- The landscaping industry is worth an estimated $128.8 billion
As you can see, the landscaping industry is made up of mostly small businesses. However, there is still a significant amount of revenue generated by landscaping businesses.
Current Trends in the Landscaping Industry
There are a few key trends that are currently affecting the landscaping industry:
The rise of online landscaping services: With the rise of technology, landscaping businesses are increasingly offering their services online. This allows landscapers to reach a wider audience and gives customers a convenient way to book services.
The growth of the green industry: The landscaping industry is part of the larger green industry, which is responsible for a wide range of environmental services. The green industry is expected to grow at a rate of 5% from 2020-2025. This growth is being driven by an increase in environmental awareness and a need for sustainable solutions.
The rise of artificial turf: Artificial turf is a synthetic grass that is made to look like real grass. Artificial turf is becoming increasingly popular among landscaping businesses, as it requires less maintenance than real grass.
Hydroseeding is another trend that is expected to drive growth in the landscaping industry. Hydroseeding is a method of seed germination that uses a slurry of water and mulch to protect and nurture the seeds. This method is becoming increasingly popular among landscapers, as it is more efficient than traditional seed planting methods.
Future Outlook of the Landscaping Industry
The landscaping industry is expected to continue growing in the future. This growth is being driven by a number of factors, including the rise of online landscaping services, the growth of the green industry, and the rise of artificial turf.
Technology is also playing a role in growth. It is becoming increasingly easy for landscaping businesses to use technology to reach a wider audience and provide convenient services. For example, landscaping businesses can use online booking systems to allow customers to book services 24/7. They can also use social media to market their business and attract new customers.
Conclusion
The landscaping industry is a multi-billion dollar industry that is constantly growing. Therefore, opening a new landscaping company is a great business opportunity.