Green Industry Revenue Grows by 5-10% in Q1 2023: Report
The Green Industry saw a rise in its revenue by around 5-10% in the first quarter of 2023 despite the economic slowdown caused by the COVID-19 pandemic, as per the Home Service Economic Report: 2023 Q1 edition from Jobber. The report analyzed data from over 90,000 home service professionals, including lawn care, HVAC, plumbing, and more. The growth in the Green Industry is attributed to the rise in demand for outdoor living spaces and a better understanding of how to care for lawns and gardens. Companies that incorporated technology, such as online scheduling and digital payments, also saw higher revenue growth.
Key Points:
- The Green Industry had a 5-10% revenue growth in Q1 2023.
- The growth is attributed to the demand for outdoor living spaces and better understanding of lawn care.
- Companies that utilized technology, such as online scheduling, saw higher revenue growth.
- The data is from the Home Service Economic Report: 2023 Q1 edition from Jobber.
In Conclusion:
The Home Service Economic Report: 2023 Q1 edition from Jobber revealed that the Green Industry experienced significant growth in its revenue during the first quarter of 2023, despite the economic slowdown caused by the pandemic. Businesses that incorporated technology, such as online scheduling and digital payments, saw higher revenue growth. The rise in demand for outdoor living spaces and better understanding of lawn care also contributed to the growth.
https://turfmagazine.com/green-industry-continues-to-grow-despite-economic-slowdown