Looking ahead, the garden services sector is expected to continue to grow at a compound annual growth rate (CAGR) of 4.5% per year. And employment is expected to increase as a result. Even with everything happening in the world right now, the landscape industry is still growing. The global market for garden services is divided into different types of services, such as laying lawns, mowing lawns, maintaining patios and grounds, cutting and edging grass areas, and pruning shrubs.
Basic gardening services include planting trees, flowers or shrubs, helping to maintain lawns and gardens, while large-scale garden services include the construction and construction of roads, roofs, retaining walls or the redesign of space, fences, ponds and other crucial services. Younger households in the United States are increasingly turning to gardening and lawn care activities as part of landscape maintenance. Today's landscape industry is becoming more professional and profitable and is clearly showing signs of income growth across all divisions. As such, the deficit in H2B visas in light of the already declining number of foreign skilled workers in the landscaping industry could further exacerbate the gap in the short term.
The moving landscape tends to better prepare you and your garden company for growth and profitability in the coming years. Brent Giles and Greenius Vice President Brent Giles recently discussed some of these work challenges in a recent episode of Landscape Disruptors. With supply prices increasingly inflated and contractors struggling to keep up with their rising prices, the current cash flow problem also arises, which has affected every business owner in the industry at one time or another. A simple starting point for any contractor is to implement business management software to optimize business operations, create greater transparency within their gardening business, and actually work to systematize critical business functions to make them more agile and profitable.
In addition, a number of factors that support the sustainable growth and development of the global garden services market include the increasing prevalence of outsourcing landscaping services to third-party companies, together with the growing strength of infrastructure and increased spending on design, construction and renovation of non-residential personal infrastructure. The business sector consists of gardening organizations that provide services to hospitals, shopping malls, local parks, and more. For example, one source indicated that landscape professionals had seen an increase in requests for intricate landscaping. Increasing awareness about health and fitness and growing millennial trends based on health and exercise awareness are considered to significantly drive the growth of the global market for garden services.
Professional landscapers are increasingly receiving requests to help achieve these goals, largely to the benefit of the industry at large. The increasing frequency of outsourcing gardening services executed with the goal of achieving an exclusive, multi-purpose professional finish and increased competition are increasing the growth potential of the global gardening services market.