Press release
The Role Of Stable GDP Growth In Expanding The Personal Services Market: A Key Catalyst Accelerating Personal Services Market Growth in 2025
Personal Services
Personal Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The substantial expansion of the personal services market in recent years is noteworthy. The estimated growth is from $1264.18 billion in 2024, to a potential increase of $1378.03 billion in 2025, with an impressive compound annual growth rate (CAGR) of 9.0%. The expansion seen in the past can be accredited to various factors such as evolving lifestyles, growing number of elderly population, health and wellness awareness, increased personal income, and urban progression.
Personal Services Market Size Forecast: What's the Projected Valuation by 2029?
The market size of personal services is projected to witness substantial expansion in the forthcoming years. It is anticipated to reach a value of $1893.85 billion by 2029, with a compound annual growth rate (CAGR) of 8.3%. The predicted growth during this period can be ascribed to several factors such as digital transformation, environmental sustainability, social interaction and wellbeing, as well as cultural and diversity services. Some of the key trends expected during the prediction period encompass the rise of digital transformation and online services, subscription and membership models, remote and virtual services, along with digital marketing and e-commerce.
View the full report here:
https://www.thebusinessresearchcompany.com/report/personal-services-global-market-report
What Are the Drivers Transforming the Personal Services Market?
The upward trend in the personal services market is predicted to be spurred on by steady economic expansion projections in numerous advanced and developing nations. The International Monetary Fund (IMF) has stated that the worldwide real GDP growth hit 3.6% between 2021 and 2023. The market's growth is also anticipated to be bolstered by the rebound in commodity prices following a substantial drop in the historical period. Throughout the forecast period, developed economies are projected to sustain consistent growth. In addition, it's anticipated that emerging markets will outpace developed markets in terms of growth during the forecast period. For example, official data from the World Bank indicates that in 2023/2024, India's GDP increased at an impressive 8.2 percent. Consequently, continuous economic growth is likely to raise disposable incomes, which in turn stimulates demand for personal services.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=1947&type=smp
What Long-Term Trends Will Define the Future of the Personal Services Market?
Companies in the personal care services sector, like beauty salons and spas, are progressively utilizing online platforms to promote their services. Through these platforms or apps, clients can schedule appointments for services like haircuts, styling, makeup, massages, and more, all provided by beauticians at the location of the client's choosing. For example, Lisa is one such online platform where prior bookings allow for at-home services such as haircuts, massage, manicures, and more. Additional online platforms providing these personal care services include Glamsquad, Urbanclap, Luxit, and Glamazon.
Which Segments in the Personal Services Market Offer the Most Profit Potential?
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, Super markets/Hyper markets, Convenience Stores, Pharmacies/Drug Stores, Online Retail Channels, Other Distribution Channels
Subsegments:
1) By Personal Care Services: Hair Care, Skin Care, Nail Care, Spa And Massage Services, Other Personal Care Services
2) By Death Care Services: Funeral Homes And Funeral Services, Cemeteries And Crematories, Other Death Care Services
3) By Dry-Cleaning And Laundry Services: Dry-Cleaning Services, Coin-Operated Laundromats, Industrial Laundries, Other Laundry Services
4) By Other Personal Services: Pet Care Services, Wedding Services, Event Planning Services, Personal Coaching And Counseling, Other Miscellaneous Personal Services
5) By Private Household Services: Home Cleaning Services, Childcare Services, Elderly Care Services, Other Household Support Services
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=1947&type=smp
Which Firms Dominate the Personal Services Market by Market Share and Revenue in 2025?
Major companies operating in the personal services market include Service Corporation International, Elis SA, Fantastic Sams, Weight Watchers International Inc, Spotless Group Holdings Ltd, Tivity Health, Dignity plc, Regis Corporation, ProSiebenSat.1 Media SE, CSC Serviceworks Holdings Inc., Great Clips Inc., Sport Clips Haircuts, Supercuts Inc., Massage Envy Franchising LLC, European Wax Center Inc., Hand and Stone Massage and Facial Spa, Massage Heights Franchising LLC, Elements Massage, L A Fitness International LLC, 24 Hour Fitness Worldwide Inc., Anytime Fitness Inc, Gold's Gym International Inc, Planet Fitness Inc., CRUNCH Fitness International Inc, Orangetheory Fitness, SoulCycle Inc., Pure Barre, The Bar Method, CorePower Yoga LLC, Equinox Holdings Inc., Life Time Inc., PetSmart Inc., Rover Group, Inc., Wag Group Co, Chewy Inc., Petco Health and Wellness Company Inc., Banfield Pet Hospital, VCA Antech,Inc., Funeral Directors Life Insurance Co, Match Group Inc.
Which Regions Offer the Highest Growth Potential in the Personal Services Market?
Asia-Pacific was the largest region in the personal services market in 2023. North America was the second-largest region in the personal services market. The regions covered in the personal services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=1947
"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Role Of Stable GDP Growth In Expanding The Personal Services Market: A Key Catalyst Accelerating Personal Services Market Growth in 2025 here
News-ID: 4151619 • Views: …
More Releases from The Business Research Company
Future of the Weapon Night Sight Market: Strategic Analysis and Forecast to 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Weapon Night Sight Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been a significant expansion of the weapon night sight market. Its value is projected to increase from $3.13 billion in 2024 to $3.37 billion in 2025, reflecting a compound…
Key Trends Influencing the Growth of the Vehicle Undercarriage Scanning System M …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Vehicle Undercarriage Scanning System Market Through 2025?
The market size for vehicle undercarriage scanning systems has seen a substantial increase in recent years, forecasting a growth from $0.71 billion in 2024 to $0.78 billion in 2025, with a compound annual growth…
Surge In Infrastructure Development Projects Driving Growth Of Market Due To Ris …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Unmanned Aerial Vehicle (UAV) Light Detection And Ranging (LiDAR) Mapping Industry Market Size Be by 2025?
The market size for light detection and ranging (LiDAR) mapping with unmanned aerial vehicles (UAVs) has witnessed significant growth recently. Projections indicate that it will rise from $1.02 billion in…
Toilet Partition Industry Outlook 2025-2029: Market Set to Cross $2.98 Billion M …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Toilet Partition Market Size By 2025?
In recent times, there has been a significant increase in the size of the toilet partition market. The market is projected to escalate from $2.29 billion in 2024 to $2.42 billion in 2025, with a compound annual growth rate…
More Releases for Services
Managed Services by Ensure Services
Ensure Services is a leading managed services provider offering comprehensive IT support and solutions designed to streamline operations, improve efficiency, and reduce operational costs for businesses of all sizes. Our managed services are tailored to meet the unique needs of your organization, ensuring you can focus on your core business while we handle your IT infrastructure.
With years of experience and a team of certified professionals, we deliver proactive monitoring, ongoing…
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and…
North & South America Commercial Services Market 2022 (Employment Services, Offi …
The Business Research Company’s Commercial Services Global Market Report 2019 covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. Ratios of market size and growth to related markets, GDP proportions, and expenditure per capita for the market is detailed in the report. Data and analysis throughout the…
AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & …
Kunal Repair & Services is growing on-demand home services platform in India and we are currently operating in Gurgaon. We offer an array of services which include AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & Repair, R.O Services & Repair, Microwave Services & Repair, Geyser Services & Repair. Our operating philosophy for solving this massive problem is - Right price.
To know why we do what we…
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context…
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China.
Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492…
