Editor’s note: Greenhouse Management magazine polled its readers earlier this year and published its State of the Industry report in October. These are highlights from that report.
The overall feeling in the industry is positive, with growers reporting good profits, an optimistic outlook and increasing sales. While unpredictable weather and hardships with hiring continue to hinder success for many, profitability is looking good.
With a recession looming on the horizon, next year’s survey may have some different results. Experts are predicting that the possible recession to come won’t be as devastating as the 2009 market upheaval, but a downturn in the economy is always unpredictable.
— Greenhouse Management Editor Kate Spirgen
Editor’s note: Lawn & Landscape magazine polled its readers earlier this year and published the State of the Industry report in its October issue. These are highlights from that report.
As we head into a new decade, Lawn & Landscape’s State of the Industry survey shows some signs that revenue growth in the industry may be slowing down, but contractors remain confident. Hiring and retention issues continue to plague the industry.
The median revenue for landscape contractors is down once again decreasing from $287,000 in 2017 to $273,000 last year. The mean revenue decreased from $1.13 million in 2017 to $1.05 million last year.
Of the concerns that the survey asked contractors about, only two increased — bad weather and a slow housing market. With rumblings of a recession, Lawn & Landscape added that in its list of concerns to rank, but it barely cracked the top 10 with a 4.9 score out of 10.
— Lawn & LandscapeEditor Brian Horn