The Tree Trimming Services industry has grown due to favorable economic trends and higher levels of construction activity over the five years to 2023. While the COVID-19 pandemic resulted in significant economic disruptions in 2020, with a particularly large decline from the commercial market, companies benefited from residential demand and government spending. Strong government support and low interest rates rapidly expanded residential housing markets, driving demand for tree trimming. Consequently, industry revenue is estimated to rise at a CAGR of 8.5% to $37.1 billion over the five years to 2023. High demand has also enabled industry profit to remain robust, despite rising purchase costs as gasoline prices skyrocketed.Trimming down: Residential and nonresidential construction demand will propel the industry
This industry provides tree trimming and maintenance services, including cutting and pruning branches, the removal of dead or excess trees, stump grinding and stump removal. Operators may also provide transplanting, insect control and other services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
OPERATING CONDITIONS
KEY STATISTICS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Asplundh Tree Expert, Llc
- The Davey Tree Expert Company
Methodology
LOADING...
