The personal services market consists of establishments which provide personal services such as equipment and machinery repairing, personal and household goods repair and maintenance, dry cleaning and laundry, beauty and personal care services, pet care services, death care services, photofinishing services and domestic services such as domestic cleaning and cooking.
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The global personal services industry has shown high growth in the past years with a CAGR of just 5%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the personal services industry to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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This high growth can be attributed to the expected increase in demand for personal services due to increasing urban population, strong economic growth and rising disposable income in emerging markets, increasing awareness about personal care, growing pet population and changing consumer preferences.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are Service Corporation International, Sears Holdings, Best Buy, Regis Corporation and Weight Watchers International Inc.
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