Global Tree Services Market Analysis 2024, Forecast To 2033
12 Nov, 2024
The tree services market has expanded rapidly in recent years. It will grow from $1.14 billion in 2023 to $1.30 billion in 2024, at a CAGR of 13.8%. This growth can be attributed to a stronger focus on sustainability, a higher demand for storm prevention or cleanup services, rising disposable income, government initiatives, and the growth of landscaping services. The tree services market is expected to experience rapid growth, reaching $2.20 billion by 2028 with a CAGR of 14.1%. Growth factors include urban expansion, frequent storms, pest and disease spread, municipal regulations, and the growth of real estate. Trends include innovations in tree care techniques and equipment, demand for green infrastructure, advancements in pruning tools, use of drones, and tree health assessments.
Major Driver In The Tree Services Market
The expansion of the construction industry is expected to boost the growth of the tree services market. The construction industry, which involves the design, planning, and maintenance of infrastructure and buildings, is fueled by the demand for modern facilities and urban expansion. Tree services play an important role in managing vegetation during construction, ensuring environmental compliance, and assisting with site preparation. In September 2024, the U.S. Census Bureau estimated that construction spending in July 2024 was at a seasonally adjusted annual rate of $2,162.7 billion, a 6.7% increase from $2,027.4 billion in July 2023, with public construction rising to $270,803 million in July 2024 compared to $243,948 million in 2023. The expansion of the construction industry will continue to drive the growth of the tree services market.
Request A Free Sample Of The Tree Services Market ReportTree Services Market Competitive Landscape
BrightView Holdings Inc., Davey Tree Expert Company, SavATree, U.S. Lawns Inc., FA Bartlett Tree Experts Co., Grounds Guys LLC, Timberline Tree Service, Evergreen Tree Care Inc., Jim's Trees SA, JL Tree Service, Tarzan Tree Removal, Eagle Tree Care LLC, Trav's Tree Services, All About Trees LLC, Sydney Tree Company, Tree Care Inc., Pacific Tree Care, Tree Masters Inc., Premier Tree Service Inc., Healthy Trees LLC, Greener Trees, Pro Tree Service, Top Notch Tree Care, Elite Tree Service
Key Tree Services Market Trend
Companies in the tree services market are developing products like battery-powered pruners for improved convenience, mobility, and ease of use. These pruners, powered by rechargeable batteries, eliminate the need for manual effort or cords. For instance, in October 2023, Andreas Stihl AG & Co., a Germany-based forestry company, introduced the HTA 150 and HTA 160 Pruners, featuring a magnesium gearbox, battery power, and smooth cutting capabilities, with the HTA 160 offering the highest cutting power in the AP System.
Purchase The Global Tree Services Market Report Directly And Get A Swift DeliveryGlobal Tree Services Market Segmentation
The tree services market covered in this report is segmented –
1) By Type: Tree Care, Tree Landscaping
2) By Tree Type: Deciduous Trees, Coniferous Trees, Fruit Trees, Ornamental Trees
3) By Application: Residential, Municipal, Commercial
By Geography:The regions covered in the tree services market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the tree services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Tree Services Global Market Report 2024 furnishes information about the global tree services market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.