Press release
The Personal Services Market To Improve Its Performance
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The global 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.
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.
On-demand laundry services, surge in organic salons and technology to improve pet care services are the major trends witnessed in the global personal services market.
The global Personal Services market is primarily driven by rapid urbanization, rising disposable income, increasing pet population, higher female employment and changing customer lifestyles and preferences driving demand for more sophisticated personal services.
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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 urban population, strong economic growth and rising disposable income in emerging markets, increasing awareness about personal care, growing pet population and changing consumer preferences, the global Personal Services market is expected to increase in potential and scope. TBRC’s report also covers the Personal Services drivers and restraints in the market.
The global Personal Services market’s 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 Service Corporation International, Sears Holdings, Best Buy, Regis Corporation, Weight Watchers International Inc., Medifast Inc., Fu Shou Yuan International Group.
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