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Personal Services Global Market Report 2024 - By Size, Share, Report, Demand, Forecast To 2033
The personal services market has witnessed a robust growth, surging from $1,271.06 billion in 2023 to $1,379.77 billion in 2024, reflecting an impressive compound annual growth rate (CAGR) of 8.6%. Forecasts indicate a continued upward trajectory, projecting the market to reach $1,891.41 billion by 2028, sustaining a CAGR of 8.2%.Driving Force: Stable GDP Growth:
The personal services market's growth is expected to be propelled by a stable economic growth forecast in both developed and developing countries. According to the International Monetary Fund (IMF), global real GDP growth reached 3.6% from 2021 to 2023. This economic stability, coupled with recovering commodity prices, is poised to boost disposable incomes, driving the demand for personal services.
Personal Care Awareness Surge:
A rising tide of awareness among individuals regarding personal care products is driving the growth of the personal services market. Personal care products, integral to the success of personal services, enhance service quality, ensure safety and hygiene, and provide opportunities for customization and education.
Explore the Global Personal Services Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=1947&type=smp
Key Industry Players:
Major companies shaping the personal services market landscape include Service Corporation International, Elis SA, Fantastic Sams, Weight Watchers International Inc., Spotless Group Holdings Ltd., Tivity Health, Dignity PLC, Regis Corporation, and ProSiebenSat.1 Media SE, among others. These industry leaders contribute significantly to market innovations, service quality, and overall market growth.
Revolutionizing Beauty Services with Online Platforms:
Personal care service providers, particularly in the beauty industry, are leveraging online platforms to market their services. Platforms such as Lisa, Glamsquad, Urbanclap, Luxit, and Glamazon enable customers to book appointments for various services, from haircuts to massages, enhancing convenience and accessibility.
Innovative Service Offerings:
Major players in personal services are introducing innovative service options to gain a competitive edge. Virgin Australia, for example, launched Fly Cleaning, the world's first in-flight dry cleaning service, reflecting a commitment to passenger comfort and convenience. This innovative offering eliminates the need for post-trip laundry and sets a new standard in personalized services.
Regional Dominance:
Asia-Pacific emerged as the largest region in the personal services market in 2023, with North America following as the second-largest region. The comprehensive report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Segmentation Overview:
The personal services market covered in this report is segmented -
1) By Type: Personal Care Services, Death Care Services, Dry-Cleaning And Laundry Services, Other Personal Services, Private Household Services
2) By Mode: Online, Offline
3) By Distribution Channel: Specialist Retail Stores, Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Online Retail Channels, Other Distribution Channels
Subsegments Covered: Beauty Salons, Diet And Weight Reducing Centers, Spas & Massage Parlors, Other Personal Care Services, Funeral Homes And Funeral Services, Cemeteries And Crematories, Coin-Operated Laundries And Drycleaners, Dry-Cleaning And Laundry Services (except Coin-Operated), Linen And Uniform Supply, Pet Care (except Veterinary) Services, Photofinishing, Parking Lots And Garages, All Other Personal Services, In-house Workers, Outside Workers
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/personal-services-global-market-report
Personal Services Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Personal Services Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on personal services market size, personal services market drivers and trends, personal services market major players, personal services market competitors' revenues, personal services market positioning, and personal services market growth across geographies. The personal services market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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