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Rising Demand for Home Cleaning Services Fuelling Private Household Services Market Growth: A Soaring to $525.34 Billion by 2029
Rising Demand for Home Cleaning Services Fuelling Private Household Services Market Growth
What Is The Projected Market Size Of The Global Private Household Services Market And Its Growth Rate?
The global private household services market has been experiencing speedy growth:
- The size of the market was $322.91 billion in 2024.
- By 2025, the market is expected to rise to $358.49 billion, growing at a CAGR of 11.0%.
- The market is anticipated to soar to $525.34 billion by 2029, at a CAGR of 10.0%.
What Is Driving The Growth In The Private Household Services Market?
The momentous growth in the private household services market is primarily driven by the escalating demand for home cleaning services. Home cleaning services, ranging from dusting and vacuuming to wiping down kitchen and bathroom surfaces, play a crucial role in promoting indoor air quality and hygiene while saving homeowners time and energy. For example, in 2021, a report by Canada-based software company Jobber (Octopusapp Inc.) revealed that 10% of all US households employed professional services for home cleaning, and this expense surged by 9.4% that same year. The report also predicted that by 2024, 80% of households will turn to home cleaning services. By 2025, the residential cleaning industry is expected to be worth $40.38 billion. Thus, the rising demand for home cleaning services is propelling the growth of the private household services market.
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Who Are the Key Players Driving Private Household Services Market Growth?
Key players instrumental in driving the growth of the private household services market include:
- Angi Inc.
- AskforTask Inc.
- Frontdoor Inc.
- Helpling GmbH and Co. KGaA
- MyClean Inc.
- Porch.com Inc.
- Super Home Inc.
- The Home Depot Inc.
- The ServiceMaster Company LLC
- UrbanClap Technologies India Pvt. Ltd.
- American Home Shield
- Japan Best Rescue System Co. Ltd.
- Johns Lyng Group
- Korea Housing Management Co. Ltd.
- ABM Industries Incorporated
- Housejoy Technology Ltd.
- Timesaverz
- Quikr India Private Limited
- Clean Fanatic Private Limited
- HomeTriangle Technologies Private Limited.
- BookMyBai.com.
What Are The Key Trends In The Private Household Services Market?
Key trends enriching the private household services market include:
- Expanding services for senior care and aging-in-place.
- Greater integration of virtual and remote services.
- Focus on personalized and concierge services.
- Utilization of subscription-based service models.
- Market entry of technology-based startups.
What Are The Segments Of The Global Private Household Services Market?
The global private household services market can be segmented by:
- Type: Home Care and Design, Repair and Maintenance, HWB, Other Types
- Services: Floor Cleaning, Window Cleaning, Carpet Cleaning, Other Services
- Home Improvement: Construction, Interior Design
Which Region Leads The Private Household Services Market?
In 2024, Asia-Pacific was the leading region in the private household services market. The private household services market report covers several geographical regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Private Household Services Market Global Market Report?
- Market Size Analysis: Analyze the Private Household Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Private Household Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Private Household Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Private Household Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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