Home Services Industry Report

The home services industry is a rapidly growing market that includes services such as cleaning, landscaping, pest control, and handyman services. According to a recent report, the home services industry is expected to reach a value of $1,135.3 billion by 2026, growing at a CAGR of 18.2% from 2020 to 2026. One of the key drivers of this growth is the increasing trend towards outsourcing household chores and maintenance tasks. As more people work longer hours and have less free time, they are turning to home service providers to help them manage their homes. Another factor contributing to the growth of the home services industry is the increasing number of homeowners and renters. As more people become homeowners, they require more maintenance services to keep their homes in good condition. Similarly, as more people rent, they require more cleaning and maintenance services to keep their rental properties in good shape. The COVID 19 pandemic has also had a significant impact on the home services industry. With more people spending time at home, there has been an increased demand for cleaning and disinfecting services. Additionally, with many people working from home, there has been a greater need for handyman services to help with home office setups and repairs. Overall, the home services industry is a promising market with significant growth potential. As more people seek out convenient and affordable solutions for managing their homes, the demand for home services is only expected to increase. Whether you are a homeowner or a service provider, keeping an eye on industry trends and developments can help you stay ahead of the curve and make the most of this exciting market.