$35.6bn
$X.Xbn
298k
144k
$X.Xbn
The Tree Trimming Services industry has grown due to favorable economic trends and higher levels of construction activity over the five years to 2024. While the COVID-19 pandemic resulted in a substantial decline in the commercial market, companies benefited from residential demand. A period of low interest rates expanded residential housing markets, driving demand for tree trimming. Despite a rise in interest rates since, residential service needs have remained steady, while the recovery of the commercial market has led to steady gains for the industry. Consequently, industry revenue is estimated to climb at a CAGR of 5.8% to $35.6 billion over the five years to 2024. Even as high interest rates have cooled housing markets, revenue is forecast to increase by 3.0% in 2024.
Industry revenue has grown at a CAGR of 5.8 % over the past five years, to reach an estimated $35.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Asplundh Tree Expert, Llc | 3,466.9 | 279.4 | 8.1 | |
The Davey Tree Expert Company | 1,310.8 | 88.9 | 6.8 |
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Industry revenue is measured across several distinct product and services lines, including Tree and shrub pruning services, Tree felling and stump removal services and Emergency tree services. Tree and shrub pruning services is the largest segment of the Tree Trimming Services in the US.
Trimming and pruning services are the hallmark
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.
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NAICS 56173 - Tree Trimming Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Low interest rates during the COVID-19 pandemic led to a surge in residential construction activity, a unique opportunity for tree trimming services. Interest rates have rise...
Learn about an industry's products and services, markets and trends in international trade.
Most tree service companies offer basic trimming, but only a few offer specialized services like tree removal, emergency response, and utility clearance. These services requi...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Tree trimming companies are strategically located in accordance with population distribution, ensuring broad coverage across the United States. This widespread presence enabl...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The tree trimming industry features low entry barriers and highly seasonal demand, facilitating ease of entry and exit for companies. This fluid market structure heightens co...
Learn about the performance of the top companies in the industry.
The industry is dominated by thousands of nonemployers and small businesses that compete in narrowly defined geographic markets. These companies rely on word of mouth and rec...
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Companies' primary costs are the purchases of equipment, tools and materials. Gas prices have hurt businesses, with rising purchase costs eating into profitability.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Tree Trimming Services in the US industry in United States is $35.6bn in 2024.
There are 144k businesses in the Tree Trimming Services in the US industry in United States, which has grown at a CAGR of 7.6 % between 2019 and 2024.
The market size of the Tree Trimming Services in the US industry in United States has been growing at a CAGR of 5.8 % between 2019 and 2024.
Over the next five years, the Tree Trimming Services in the US industry in United States is expected to grow.
The biggest companies operating in the Tree Trimming Services market in United States are Asplundh Tree Expert, Llc and The Davey Tree Expert Company
Tree cutting and pruning and Stump grinding are part of the Tree Trimming Services in the US industry.
The company holding the most market share in United States is Asplundh Tree Expert, Llc.
The level of competition is high and steady in the Tree Trimming Services in the US industry in United States.