Home care service providers offer various services through their product portfolio for the daily work in the house or offices such as laundry, errands, medication, cleaning, cooking, maintenance, and medical care services. The home care services are available for two sectors, which include commercial and residential. The residential cleaning services include staff for the house hold work, such as carpet cleaners, window cleaners, and a variety of other cleaning and home care services such as personal care and companionship services, private duty nursing care services, and home health care services required on a less frequent basis. The commercial cleaning services include cleaning companies, such as carpet and window cleaners. The adoption of home care services has been quite high in the developed regions such as the U.S., Canada, and Germany, while emerging countries such as China, Brazil, and India are catching up quickly.
The global home care service market has witnessed significant growth over the years and is expected to grow at a steady pace during the forecast period. This can be attributed to a rise in awareness for hygiene and environment and an increase in adoption of home care services such as cleaning, cooking and medical care among the consumers. Moreover, growth in economy due to urbanization has paved the way for home care services. In addition, an increase in disposable income and to improvement in living standards in the emerging countries such as China and India along with rise in affinity of consumers in emerging economies toward hygiene and environment allows them to spend more on the luxury services, which further boost the demand for home care services. However, low man power and non-availability of local service providers restrict the growth of the global market. On the contrary, rise in number of working women population increase the popularity of home care service market.
The home care service market is segmented on the basis of service, duration, and region. On the basis of service, the market is categorized into maid services, carpet and upholstery, and other home care services. By duration, it is categorized into daily, weekly, monthly, quarterly, and annually. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the report include ABM Industries Inc., Anago Cleaning Systems, Aramark Corporation, Chemdry, Cleannet, Jani-king Inc., Pritchard Industries Inc., Sodexo, Stanley Steemer International, Inc., and The Servicemaster Company, LLC.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTATION
By Services
By Duration
By Region
The global home care service market has witnessed significant growth over the years and is expected to grow at a steady pace during the forecast period. This can be attributed to a rise in awareness for hygiene and environment and an increase in adoption of home care services such as cleaning, cooking and medical care among the consumers. Moreover, growth in economy due to urbanization has paved the way for home care services. In addition, an increase in disposable income and to improvement in living standards in the emerging countries such as China and India along with rise in affinity of consumers in emerging economies toward hygiene and environment allows them to spend more on the luxury services, which further boost the demand for home care services. However, low man power and non-availability of local service providers restrict the growth of the global market. On the contrary, rise in number of working women population increase the popularity of home care service market.
The home care service market is segmented on the basis of service, duration, and region. On the basis of service, the market is categorized into maid services, carpet and upholstery, and other home care services. By duration, it is categorized into daily, weekly, monthly, quarterly, and annually. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the report include ABM Industries Inc., Anago Cleaning Systems, Aramark Corporation, Chemdry, Cleannet, Jani-king Inc., Pritchard Industries Inc., Sodexo, Stanley Steemer International, Inc., and The Servicemaster Company, LLC.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing home care service market opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the size and segmentation assists in determining the prevailing market opportunities.
- The major countries in each region are mapped according to their revenue contribution to the global industry.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the home care service market industry.
KEY MARKET SEGMENTATION
By Services
- Maid Services
- Carpet & Upholstery
- Other Home Care Services
By Duration
- Daily
- Weekly
- Monthly
- Quarterly
- Annually
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- The Netherlands
- Germany
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Home Care Service Market, by Service
Chapter 5: Home Care Service Market, by Duration
Chapter 6: Home Care Service Market, by Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profile
Executive Summary
According to the report titled, 'Home Care Service Market by Service and Duration: Opportunity Analysis and Industry Forecast, 2018-2026' the home care service market size was valued at $14.7 billion in 2018 and is estimated to reach $27.9 billion by 2026, registering a CAGR of 8.50% from 2019 to 2026.In 2018, the maid services segment accounted for more than half of the share in the total home care service market and is expected to grow at a CAGR of 8.3% throughout the forecast period. North America is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2018.
Home care service providers offer services for daily work in such as laundry, errands, medication, cleaning, cooking, maintenance and medical care services at home office.. These services are available for two sectors, which includes commercial and residential. The residential cleaning services include resource for the household, work which include carpet cleaners, window cleaners, and a variety of other cleaning and home care services required on a less frequent basis such as personal care and companionship services, private duty nursing care services, and home health care services. The commercial cleaning services include cleaning companies, such as carpet and window cleaners.
The home care service market has witnessed significant growth over the years and is expected to grow at a steady pace during the forecasted period. The factor that majorly drives the home care service market growth includes rise in hygienic and environmental awareness Moreover, surge in economy due to urbanization makes way for the adoption of home care services. In addition, an increase in disposable income of consumers from developed as well as emerging countries such as the U.S., Germany, China, and India along with rise in affinity of consumers in emerging economies spending more on home care services further boost the demand for home care services. However, low availability of man power and rise in the competition in this sector restrain market growth. On the contrary, rise in the number of working women in the developed as well as the emerging countries is anticipated to provide lucrative growth opportunities for the home care service industry.
The global home care service market is segmented on the basis of services, duration, and region. On the basis of service, the market is divided into maid services, carpet & upholstery, and other home care services. By duration, it is classified into daily, weekly, monthly, quarterly, and annually. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
According to the home care service market analysis, them aid services segment generated the highest revenue in 2018 and is expected to remain dominant throughout the forecast period. This can be attributed to the reduction in time allocated for the house hold work due to the busy schedule in the corporate sector. However, the carpet & upholstery segment is expected to grow at the highest CAGR throughout the forecast period. This is due to increase in awareness of the benefits of green, eco-friendly products among residential, commercial, and industrial users, which directly caters the demand for home care services.
In 2018, daily basis home care service was the most prominent segment accounting for maximum share in the global market. This can be attributed to rise in demand for housekeeping staff on daily basis. However, the monthly basis home care service segment is expected to witness the highest growth, owing to increase in disposable income of the consumers from the developed as well as the emerging countries.
On the basis of the home care service market analysis, North America accounted for the maximum share in the global market in 2018 and is expected to remain dominant during the forecast perio. This can be attributed to the reduction in time allocated for the house hold work due to the busy schedule in the corporate sector. Moreover, higher expenditure of the consumers on home care services due to it being considered a life style standard statement helps in the growth of the sales in this region.However, India is expected to grow with the highest CAGR throughout the forecast period, owing to rapidly growing urbanization in this region due to increasing disposable income.
Key Findings of the Study:
The home care service market was valued at $14.7 billion in 2018 and is estimated to reach $27.9 billion by 2026,growing at a CAGR of 8.50% throughout the forecast period.
By service, the carpet & upholstery segment is anticipated to witness the fastest growth, registering a CAGR of 9.1% during the forecast period.
In 2018, by service, the maid services segment held the highest share, accounting for more than half of the global market share.
In 2018, by region, China was the most prominent market in the Asia-Pacific region and is expected to grow at a significant CAGR throughout the forecast period.
In 2018, by region, North America was the dominant region, accounting for more the one-third of the global home care service market share.
The key players profiled in this report include ABM Industries Inc., Anago Cleaning Systems, Aramark Corporation, Chemdry, Cleannet, Jani-king Inc, Pritchard Industries Inc, Sodexo, Stanley Steemer International, Inc., an. The Servicemaster Company, LLC.
Companies Mentioned
- ABM Industries Inc.
- Anago Cleaning Systems
- Aramark corporation
- Chemdry
- Cleannet
- Jani-king inc
- Pritchard industries inc
- Sodexo
- Stanley Steemer International Inc.
- The Servicemaster Company LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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