How big is the home services market?
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How big is the home services market?
USD 105.55 Billion
United States Home Service Market size was valued at USD 105.55 Billion in 2018 and is projected to reach USD 1219.07 Billion by 2026, growing at a CAGR of 35.81\% from 2019 to 2026.
What is on-demand home service?
On-demand services are something you can choose and get while you are at home. As its name implies, it acts as a platform to hire professionals at your fingertips for all your house chores and is built with all the essential functionality, just like all other requests.
What industry does home services fall under?
The home services industry constitutes businesses whose main purpose is working on residential homes, though some of these also take on commercial business. This includes plumbing, HVAC, flooring, landscaping, concrete, moving and storage services, and more.
What is online home service?
The on-demand home services bridge the gap between the real world services and instant online services to provide efficient services. The on-demand home services can be handyman on-demand, cleaning service app, chores app, home maintenance services and on-demand cleaning services.
How many home services are there?
This would suggest there are approximately 2.7 million home service businesses currently operating.
How many service professionals are in United States?
The number of people employed as Service Occupations has been growing at a rate of 0.544\%, from 25,911,104 people in 2018 to 26,052,019 people in 2019.
What service is most in demand?
What Are the Most In-Demand Business Services?
- Accounting and tax advice. The Bureau of Labor Statistics projects that demand for accounting is going to grow at a rate of 11 percent, faster than average, through 2024.
- Consulting.
- Legal.
- Marketing.
- Web and app design.
- Recruiting.
- Writing and translating.
What is an on demand economy?
The On-Demand Economy is defined as the economic activity created by technology companies that fulfill consumer demand via the immediate provisioning of goods and services. Businesses in this new economy are the result of years of technological advancements and changes in customer behavior.
Why is Home Health Care growing?
Increasing ageing population, rising incidence of chronic diseases and need for personal medical care costs are some of the major factors driving the growth of the global home health care market size.
What is Home Care Products?
Typical home care products Laundry detergents (powder, liquid and tablet) Fabric conditioners. Dishwashing detergents (liquid and tablet) Hard floor and surface cleaners. Glass cleaners.
What is the most requested home service?
Of the 25 cities, over 75\% resulted in a handyman as the number one most requested home professional. This doesn’t come as a huge surprise, as a handyman is considered a jack-of-all-trades. Whether you need to replace a light, assemble furniture, or install a TV, a handyman can get the job done.
How many home service businesses are in the US?
2.7 million home service businesses
This would suggest there are approximately 2.7 million home service businesses currently operating.
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