Personal Services Market To Grow Significantly!
Posted January 21, 2019 by aleemtbrc
The personal services market size is expected to reach $1.3 trillion by 2022, significantly growing at a CAGR of around 6% during the forecast period.
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The global personal services market is forecast to grow at a CAGR (compound annual growth rate) of approximately 7% to 2022.
Personal Services Market Trends:
The personal services market consists of the sales of personal services and related goods by entities (organizations, sole traders and partnerships) that provide personal and laundry services to individuals, households, and businesses. Services performed include: personal care services; death care services; laundry and dry-cleaning services; and a wide range of other personal services, such as pet care (except veterinary) services, photofinishing services, temporary parking services, and dating services.
The demand for on demand laundry services is growing rapidly owing to the convenience it offers. These mobile apps allow customers to remotely order dry cleaning or laundry service, share preferences and request delivery. On demand laundry service providers pick up clothes and linen from customers, clean and deliver it back to customers at a preferred time. The customers automatically receive notifications about the pickup, estimated date and time of drop off and total cost of the service.
The global personal services market is primarily driven by several factors such as increasing urban population, strong economic growth and rising disposable income in emerging markets.
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The global personal services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increasing awareness about personal care, growing pet population and changing consumer preferences, the potential and scope for the global personal services market is expected to increase in the forecast period. TBRC’s report also covers the drivers and restraints in the personal services global market.
The global personal services market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global personal services market report are Services Corporation International, Sears Holdings, Best Buy, Regis Corporation, and Weight Watchers International Inc.
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| Contact Email | [email protected] |
| Issued By | Aleemuddin |
| Phone | +442071930708 |
| Business Address | The Business Research Company, www.thebusinessresearchcompany.com, |
| Country | United Kingdom |
| Categories | Business , Services |
| Tags | global personal services market , personal services market |
| Last Updated | January 21, 2019 |