Global Personal Services Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

6 Jul, 2021

The personal services market consists of 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

Global Personal Services Market Size And Drivers:

The global personal services market is expected to grow from $982.6 billion in 2020 to $1057.8 billion in 2021 at a compound annual growth rate (CAGR) of 7%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1411 billion in 2025 at a CAGR of 7%. The personal services market's growth is expected to be aided by stable economic growth forecast in many developed and developing countries.

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Trends In The Global Personal Services Market

Personal care service companies such as beauty salons, spas are increasingly marketing their services through online platforms. These websites or applications allow customers to book appointments with beauticians who provide services such as haircut, styling, makeup, massage and others at the customer's premise. For instance, Lisa, an online platform offers haircuts, massage, manicures and others at home upon making prior booking. Other such online personal care service platforms include Glamsquad, Urbanclap, Luxit and Glamazon.

Global Personal Services Market Segments:
The global personal services market is further segmented based on type, mode and geography.
By Type: Personal Care Services, Death Care Services, Dry-Cleaning And Laundry Services, Other Personal Services, Private Household Services
By Mode: Online, Offline
Sub segments 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
By Geography: The global personal services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global personal services market, accounting for 38% of the market in 2020.

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Personal Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides personal services market overviews, analyzes and forecasts market size and growth for the global personal services market, personal services market share, personal services market players, personal services market segments and geographies, personal services market’s leading competitors’ revenues, profiles and market shares. The personal services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.