Source: Global Industry Analysts, Inc., San Jose, Calif.
A comprehensive GIA study, titled Landscaping Services: A U.S. Market Report, indicates a resurgence in the domestic landscaping services market, expected to reach $80.06 billion by 2015. Long-term growth will be spurred, the study predicts, by economic recovery, greater consumer spending, and growing interest in residential and commercial property beautification.
While the recent economic downturn dealt a blow to the U.S. construction sector, including both private and commercial building and remodelingÛsignificantly dampening recent demand for landscaping services--recovery in government spending aimed at beautifying public areas and nonresidential building construction, plus installation of new golf courses, will give the landscaping services market a boost, according to the GIA report. A comprehensive industry and service overview, key market trends & restraints, profiles of major players, and recent industry activity are presented in the study, which examines market data to provide analysis in terms of value sales by service segments, e.g., Garden/Lawn Landscaping (Commercial and Residential).