0
2020
Home Care Service Market

Home Care Service Market by Services (Maid services, Carpet and upholstery, and Other Home care services) and Duration (Daily, Weekly, Monthly, Quarterly, and Annually): Opportunity Analysis and Industry Forecast, 2018–2026
Update Available On-Demand

A06088
Pages: 206
May 2020 | 6424 Views
Author(s) : Aniket Kadam , Roshan Deshmukh
Tables: 104
Charts: 55
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Home Care Service Market

Request Now !

The home care service market 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. Home care services includes 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 including in two sectors commercial and residential. The residential cleaning services includes (traditionally known as maid services), along with 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 includes cleaning companies, such as carpet and window cleaners.The adoption of home care services has been quite high in mature regions such as the U.S., Canada, and Germany while emerging countries such as China, Brazil, and India are catching up quickly.

Home-Care-Service-Market,-2019-2026

Get more information on this report : Request Sample Pages

The home care service market has been gaining traction in emerging market, owing toeconomic upsurge due to urbanization. According to the Department of Economic and Social Affairs, Population Division (2014) of the United Nations, 54% of the world’s population resided in urban areas in 2014, and by 2050, 66% of the world’s population is expected to move to urban areas. Furthermore, growth in hygienic awareness and increase in adoption of cleaning services among consumers drive the market growth. Moreover, reduced time allocated for house hold workfuels thehome care service market growth. In addition, rise in the disposable income has also helped the home care service industry to pave its way toward growth. However, low availability of man power and rise in the competition in this sector are the major restraint for this market. On the contrary, growth in the number of working woman population in developed as well as emerging countries are anticipated to provide growth opportunities for the home care service market.

The home care service market has been segmented based on service, duration, and region. On the basis ofservice, the market is divided into maid services, carpet and upholstery, and other home care services. Based on duration, it is segmented into daily, weekly, monthly, quarterly, and annually. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Based on the home care service market analysis, the maid service segment generated the maximum revenue in 2018 and is expected to continue this trend throughout the forecast. This can be attributed to growth in number of working women, majorly in emerging countries. However, the Carpet and upholstery segment is expected to grow at the highest CAGR throughout the forecast period, owing to increasing construction activities, increasing adoption of carpet and upholstery cleaning equipment.

Home Care Service Market
By Service

Your browser does not support the canvas element.

Carpet and upholstery segment would exhibit the highest CAGR of 9.10% during 2019-2026.

Get more information on this report : Request Sample Pages

Get more information on this report : Request Sample Pages

Based on the home care service market forecast, the daily basis home care servicewas the most prominent segment accounting for the highest share in the home care service market. This can be attributed to rising 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 developed and emerging countries due to which they can spend more on daily home care and hygiene services.

Home Care Service Market
By Duration

Your browser does not support the canvas element.

Monthly segment would exhibit the highest CAGR of 10.40% during 2019-2026.

Get more information on this report : Request Sample Pages

Get more information on this report : Request Sample Pages

By region, North America is the most prominent regional market. This can be attributed to the reduce in the 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 service due to it being considered a life style standard statement also adds to the popularity of home care services in this region. However, Asia-Pacific is expected to grow with the highest CAGR throughout the forecast period, owing to rapidly increase in the number of working womenin this region.

Home Care Service Market
By Region

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 9.40% during 2019-2026.

Get more information on this report : Request Sample Pages

Get more information on this report : Request Sample Pages

The players in the home care service market have adopted acquisition as their key development strategy to increase profitability, and to improve stance in the home care service market share. The key players have also relied on service launch to improve their product portfolio and stay relevant in the global market. The key players profiled in thereport includeABM 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 home care service market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing opportunities.

  • Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.

  • In-depth analysis and the home care service market size and segmentation assists in determining the prevailinghome care service market opportunities.

  • The major countries in each region are mapped according to their revenue contribution to the global home care service market. 

  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.

Key Market Segments & Key Market Players

Segments Sub-segments
By Service
  • MAID SERVICES
  • CARPET AND UPHOLSTERY
  • OTHER HOME CARE SERVICES

By Duration
  • DAILY
  • WEEKLY
  • MONTHLY
  • QUARTERLY
  • ANNUALLY

By Region
  • NORTH AMERICA
    • US
    • 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

Key Market Players
  • 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
 

Loading Table Of Content...


 
 

The home care service market is expected to holda substantial scope for growthduring the forecast period. Currently, themarket is moving toward the growing stage and is expected to garner steady growth in major markets, which include the U.S., Germany, China, India, and Brazil. 

The factors that drive the growth of thehome care service market includeincrease indisposable income and growth inhygiene and environmental concerns amongpeople. The developing countries in the Asia-Pacific region is anticipated to exhibit rapid growth in the future. In countries such asChina and India, the adoption of the home care services in the consumers has increased, owing to growing affluent working population in the region. Moreover, surge in economy due to urbanization fuelsthe market growth. Numerous market players are launching a variety of cleaning services for the commercial and residential sectors. Themaid service segment holds the largest market share in the global home care service market due to rise the disposable income per capita.Low man power and competition from the local market players limits the market growth.

The market players are formulating different strategies to remain competitive in the market. Collaborations and acquisitionstrategies help in enhancing company’s service portfolio and expand their geographical presence. Emerging economies are anticipated toprovide lucrative opportunities for the growth and expansion of the market.
 

Flash Sale
PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The growth rate of the global home care service market during the forecast period is 8.50%. This is due to the increased disposable income and hygiene consciousness across the globe

A. The home care service market size from 2019 to 2026 is $15,771.0 million and $27,941.0 million.

A. The leading manufacturing companies in the home care service market are 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.

A. The availability of all home care servivces through online platform is the current trend in homecare service market.

A. Economic upsurge, increased disposable income and hygiene consciousness across the globe are the driving factors and increase in number of working women across the globe is the opportunity in the home care service market.

A. Intense competition in the industry is the major challenge faced faced by key players in the home care service market.

A. The emerging countries such as India and South Africa accounted for $375.6 million and $513.2 million registering a CAGR of 10.0% and 4.60% respectively in 2018.

A. The home care service market is projected to reach $27,941.0 million by 2026. This is attributed to rise in the number of working population across the globe.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Home Care Service Market

Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $4,904
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,483
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $10,995  $8,796
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers