The global landscaping services market was valued at almost USD 76 billion in 2016 and is expected to reach around USD 95 billion by 2021
Procurement market intelligence analysts have announced their latest market research report on landscaping services for the period 2017-2021. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the landscaping services market during the forecast period. Some of the top vendors listed in this industry analysis include Compass Group, Sodexo, ISS, CBRE, and JLL.
In terms of geographical analysis, the Americas was the largest shareholder in the global market during 2016 by accounting for around 49% of the overall market share.
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According to Angad Singh, a procurement specialist at Technavio for research on category spend intelligence, “The market is currently experiencing a rise in the number of recruitment and retention programs. Suppliers are using the regional, state, and national trade associations to gain access to potential full-time workers or freelancers. Such initiatives increase the possibility of attracting and retaining talent which, in turn, improves quality and hence the satisfaction level of customers.”
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The new procurement market intelligence report analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Greater requirement for maintenance of landscaping
Maintenance is the fastest growing service segment in the landscaping industry, accounting for over 40% of the revenue in 2016. The rise in double income households and lack of time to manage landscapes, especially during the winter season when snow and ice removal services are required to manage daily activities, is propelling the demand for landscape maintenance in the global market.
Increasing spend on green roofs
Industrial development, fuelled by economic growth, is creating several environmental problems such as global warming and air pollution. Green roofs filter airborne pollutants and absorb carbon dioxide emissions, thus, cooling the urban environment. They also insulate buildings and increase biodiversity across commercial and non-commercial properties. Countries such as the US, Spain, the UK, and Germany are increasingly adopting this concept. China has subsidized this concept to create more green roofs across the country.
Greater adoption of technology
Players in the market space are providing electric lawn movers with variations in speed, low-noise blades, optimized blade size, and using lithium-ion battery technologies, which retain charge for longer periods compared with other batteries. This is beneficial, as it reduces the need for frequent recharging, lowering electric consumption. The adoption of innovative and efficient technologies by landscaping service providers is prompting buyers to opt for their services rather than purchasing expensive equipment and paying for an in-house team with limited expertise.
A more detailed analysis is available in the procurement market intelligence report titled, ‘Global Landscaping Services – Procurement Market Intelligence 2017’.
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