The landscape care and maintenance service activities sector in Sweden demonstrated substantial growth from 2013 to 2023, growing from 4.42 billion to 8.71 billion SEK. The highest year-on-year growth within this period was observed in 2018, with an increase of 18.48%, while the lowest was in 2023, with a rise of 4.32%. The sector's 5-year CAGR leading up to 2023 was 5.17%, indicating a steady yet moderated growth trend.
Looking ahead, the forecast data from 2024 to 2028 suggests a more modest growth trajectory, with a projected 5-year CAGR of 2.88%. By 2028, the sector is expected to reach 10.45 billion SEK, representing a total growth of 15.23% over the next five years.
Future trends to watch for include:
- Technological advancements in landscaping equipment and techniques.
- Increasing awareness and demand for sustainable and eco-friendly landscape practices.
- Impacts of economic fluctuations and consumer spending on discretionary services like landscape maintenance.