The global landscaping products market size is expected to
reach USD 91.9 billion by 2025 registering a CAGR of 5.4%, according to a new
report by Grand View Research, Inc. Growing importance of outdoor spaces as
lounge, entertainment area, outdoor kitchen, etc. is driving the demand for
landscaping products, such as plants, water fountain, and gazebos. Renovating
outdoor spaces not only brings aesthetics to the infrastructure but also
increases its value, which is also one of the key factors responsible for
rising demand for these products. Rapidly expanding real estate industry is
also expected to have a positive impact on the market growth over the forecast period.
Thus, rise in the number
of residential and commercial projects is supporting the growth of this market.
In addition, increasing disposable income levels and awareness about these
products in emerging countries are expected to boost the demand further. The
residential application segment holds the largest market share and is expected
to retain its leading position throughout the forecasted years owing to rising
trend of outdoor kitchens etc. North America is projected to account for the
largest market share by 2025 owing to rapidly expanding real estate market
post-recession in 2008.
On the other hand, Asia
Pacific is estimated to register the fastest CAGR from 2019 to 2025 due to
growing target population, disposable income levels, and improving economic
condition in the emerging countries of the region. Companies in landscaping
products market are undertaking strategic initiatives, such as expanding
product portfolio and merger and acquisition. For instance, in 2018,
Ecodynamics, Australia’s largest landscaping products and services company,
merged its sub-brands WeBlow, Aquaseeding, and Mossrock. The company now
consists of four divisions spanning landscaping, mulch, services, and the
nursery.
For full research report on Landscaping
Products Market visit here: https://www.grandviewresearch.com/industry-analysis/landscaping-products-market
Further key findings from the study
suggest:
- Planting material segment held the largest market
share in 2018 and is expected to retain its market position over the
forecasted period. Planting materials include plants, pots and planters,
and grass seeds
- Commercial sector is estimated to be the
fastest-growing application segment owing to growing commercial sector
across the globe
- Moreover, rising focus on increasing the
sustainability of the infrastructures will support the market growth in
this segment
- Key companies in the global landscaping products
market are Griffon Corp.; Haddonstone Ltd.; Home Depot Product Authority
LLC; Kafka Granite LLC; Lehigh Hanson, Inc.; and Anchor Block Company
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/landscaping-products-market/request/rs1
Grand View Research has segmented the global landscaping
products market on the basis of product, application, and region:
Landscaping Product Outlook (Revenue,
USD Million, 2015 - 2025)
- Ground Coverings
- Planting Material
- Hardscaping
- Outdoor Specialties
Landscaping Products Application
Outlook (Revenue, USD Million, 2015 - 2025)
- Residential
- Commercial
Landscaping Products Regional
Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- Australia
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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