This industry comprises (1) establishments primarily engaged in providing landscape care and maintenance services and/or installing trees, shrubs, plants, lawns, or gardens and (2) establishments primarily engaged in providing these services along with the design of landscape plans and/or the construction (i.e., installation) of walkways, retaining walls, decks, fences, ponds, and similar structures.
The landscaping services industry (NAICS 56173) has seen notable qualitative trends influenced by environmental awareness, technological advancements, and shifts in consumer preferences. Sustainability remains a key focus, with increasing demand for eco-friendly landscaping solutions. Homeowners and businesses are opting for native plants, water-efficient irrigation systems, and organic fertilizers to reduce environmental impact.
Technological integration is another significant trend, with the adoption of smart irrigation systems, drone technology for mapping and surveying large landscapes, and software for efficient project management. This tech-savvy approach helps reduce labor costs and increase precision in service delivery.
The impact of the COVID-19 pandemic has also led to a spike in residential landscaping projects, as more people invest in home improvement. Outdoor living spaces, such as patios, decks, and gardens, have become popular as clients seek to enhance their at-home experiences.
Forecasts for the near future indicate continued growth in smart landscaping technologies and sustainable practices. Businesses that adapt to these trends by integrating advanced tools and eco-friendly services are likely to see a competitive edge. Additionally, with the increasing emphasis on climate resilience, there is anticipated growth in services that focus on creating adaptive landscapes capable of withstanding extreme weather conditions.
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
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