What Is The Scope Of The Global Tree Services Market?
Tree services refer to professional services related to the care, maintenance, and management of trees and other woody plants in urban and rural environments. The main goal of tree services is to ensure tree health, safety, and aesthetic appeal while preserving the surrounding environment.
Tree Services Global Market Report 2024 provides data on the global tree services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The tree services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Tree Services ?
The tree services market is experiencing rapid growth, expected to increase from $1.14 billion in 2023 to $1.30 billion in 2024, with a CAGR of 13.8%. Factors driving this growth include increased sustainability efforts, demand for storm-related services, government initiatives, and real estate expansion. The market is expected to reach $2.20 billion by 2028, at a CAGR of 14.1%. Growth drivers include urban expansion, storm frequency, pest and disease spread, and municipal regulations. Trends include innovations in tree care techniques, green infrastructure demand, advancements in pruning tools, drone usage, and tree health assessments.
What Are The Leading Drivers Of Growth In The Tree Services Market?
The expansion of the construction industry is contributing to the growth of the tree services market. Driven by urbanization, demand for modernized infrastructure, and the replacement of aging facilities, the construction sector relies on tree services for environmental compliance and site preparation. The U.S. Census Bureau reported construction spending at $2.16 trillion annually in July 2024, a 6.7% increase from the previous year. This growth in construction is positively impacting the tree services market.
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How Are The Segments Defined Within The Global Tree Services Market?
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
How Are New Trends Expected To Influence The Growth Of The Tree Services Market?
Key players in the tree services sector are focusing on introducing innovative products such as battery-powered pruners, designed for convenience, ease of use, and portability. These pruners use rechargeable batteries to power their motor, offering mobility and reducing manual effort. For example, in October 2023, Germany-based Andreas Stihl AG & Co. launched the HTA 150 and HTA 160 pruners. The HTA 150 features a magnesium gearbox for better maneuverability, a fixed shaft for stability, and is powered by the AP 300 S battery. It includes a branch hook for removing clippings and additional support features. Meanwhile, the HTA 160, the most powerful battery-powered pole pruner in its series, provides cutting capabilities comparable to gas-powered alternatives and offers a telescoping shaft for extended reach and precision pruning.
Which Region Drives The Highest Growth In The Tree Services Market?
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 regions covered in the tree services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
