Handyman Services Market Size & Share Global Analysis Report, 2023-2032
Handyman Services Market Size & Share Global Analysis Report, 2023-2032

Handyman Services Market Share, Size, Trends, Industry Analysis Report, By Deployment (Online and Offline); By Repairs & Maintenance; By Home Improvement Type; By Region; Segment Forecast, 2023 – 2032

  • Published Date:Sep-2023
  • Pages: 115
  • Format: PDF
  • Report ID: PM3756
  • Base Year: 2022
  • Historical Data: 2019-2021

Report Outlook

The global handyman services market was valued at USD 342 million in 2022 and is expected to grow at a CAGR of 13.4% during the forecast period.

Increasing number of homeowners and major companies across the globe looking to outsource their maintenance and repair work to professionals and specialists because of the rising complexity of several new modern buildings and need for specialized expertise for services like plumbing, electricity, and heating, are among the leading factors propelling the global market growth. Additionally, the rising emergence of several internet platforms and mobile applications, allowing customers to easily find and book handyman services for their specialized needs and requirements, are likely to boost the revenue opportunities for these services globally.

Handyman Services Market Size

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  • For instance, in May 2023, Handyman Services, announced about the launch of its new home cleaning and maintenance services, that is mainly designed to meet the rising demand for these services from busy homeowners. These services include a range of tasks like general cleaning, gutter cleaning, pressure washing, carpet cleaning, and window cleaning along with the home maintenance services such as electrical, plumbing, and carpentry work.

Moreover, there has been an increasing penetration about the integration of smart home technologies across the globe, which presents an opportunity for handyman service providers to offer installation, integration, and troubleshooting services for smart home devices. Thus, by offering services related to home security systems, smart thermostats, lighting controls, and other connected devices, the companies will be able to boost up their sales and can gain a competitive edge in the market.

The outbreak of the COVID-19 pandemic has significantly impacted the growth of the handyman services market. The emergence of deadly coronavirus worldwide resulted in temporary business closures or limited operations particularly in areas where lockdown and other stringent regulations have been imposed. During the pandemic, the people were also hesitant to have services providers enter their homes because of the health and safety concerns, thereby, a significant decline in demand and sales were reported globally.

Industry Dynamics

Growth Drivers

Continuous surge in the homeownership rates across the world

The continuous surge in the homeownership rates across the world, which has led to a greater demand for handyman services, as homeowners especially from urban areas often require maintenance, repairs, and home improvement projects along with the rising complexity of modern architecture, leading to higher demand for skilled and professional service providers are key factors driving the demand and growth of the market.

Furthermore, with the rising popularity and proliferation for on-demand home maintenance services worldwide that facilitate customers to easily avail of the ad-hoc services like electricians, mechanics, plumbers, and carpenters coupled with its ability to also cater users with services like remodeling of kitchen and fixing of faucet in the bathroom, the demand and need for these services have drastically emerged.

Report Segmentation

The market is primarily segmented based on deployment, repairs & maintenance, home improvement type, and region.

By Deployment

By Repairs & Maintenance

By Home Improvement Type

By Region

  • Online
  • Offline
  • Electricity
  • Plumbing
  • Non-HVAC Home Appliances
  • Gas
  • Heating
  • Ventilation and Air Conditioning
  • Others
  • Construction
  • Interior Design
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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By Deployment Analysis

Online segment is expected to witness highest growth during forecast period

The online segment is projected to grow at highest growth rate of over XX% during the anticipated period, mainly accelerated to increasing digitalization trend and surge in the number of online shoppers and internet penetration across the globe. Beside this, the online channels have been gaining significant population and traction in the recent years, as it offers wide range of benefits including transparent pricing, easy booking, broader range of selection, and access to customer reviews, thereby creating lucrative revenue and sales opportunities in the coming years.

  • For instance, according to our findings, around 69% of world’s total population that accounts for over 4.9 billion people, actively use internet services in the year of 2022, and this number is likely to grows at an annual growth rate of approx. 4% in the coming years.

The offline segment led the industry market with substantial revenue share in 2022, that is largely accelerated to continuously changing consumer preferences and home improvement trends mainly in emerging economies like India and China and significant increase in the number of people needing assistance with repairs, improvements, and maintenance.

By Repairs & Maintenance Analysis

Electricity segment held the significant market share in 2022

The electricity segment held the majority market share in terms of revenue in 2022 and is being largely preferred by customers all over the world, due to its crucial role in various commercial and residential settings and higher complexity associated with electrical works that led to demand for professional handyman. Additionally, there has been a decent rise in the number of homeowners renovating and remodeling their properties to enhance their living conditions, increase property value, or accommodate changing needs, as such kind of projects often required to install new fixtures, wiring, outlets, and lighting systems, thereby resulting in exponential growth in segment market.

The non-HVAC home appliances segment is projected to gain substantial growth rate over the next coming years, mainly due to increasing need of proper assistance with installation, maintenance, and repairs for range of appliances including refrigerators, washing machines, and dishwashers among others along with the higher demand for these services in urban areas due to prevalence of hectic lifestyles and busy schedules of people.

By Home Improvement Type Analysis

Interior design segment is projected to witness highest growth during forecast period

The interior design segment is expected to grow at highest growth rare of over XX% during the study period, that is significantly driven by increasing investments in home improvement and renovation projects across both developed and developing countries in order to enhance the aesthetics and functionality of their living spaces coupled with the growing emphasis of consumers towards design aesthetics, as a result of various interior design magazines and social media platforms.

The construction segment leads the industry with noteworthy market share in 2022, that is largely accelerated to surging prevalence and penetration for homeownership and growing popularity of handyman services among homeowners, as it offers higher convenience to customers and allow them to easily delegate construction related works to professionals.

Regional Insights

North America region dominated the global market in 2022

The North America region dominated the global market with considerable market share in 2022, and is projected to continue its dominance over the forecast period, mainly attributable to rapid adoption rate of several new and innovated types of handyman services and exponential growth in industrial sector across United States and Canada. Moreover, a rise in the consumer disposable income and spending capacity, allowing them to spend more on renovation and home improvement projects along with the presence of business-friendly regulatory environment promoting the use of these services, has been among the other factors propelling the region’s growth.

The Asia Pacific region is anticipated to be the fastest growing region with healthy CAGR throughout the anticipated period, on account of increased urbanization & industrialization and growing need for house repairs and upkeeps coupled with the rapidly booming real estate and construction industry, that resulted in more number of properties renovation and developments across the region.

  • For instance, according to our findings, the Indian construction industry is likely to reach around USD 1.4 trillion by 2025 and the industry will be working across 250 sub-sectors with linkage across the sectors. The demand for real estate is further expected to grow rapidly and set to increase by 15-18 Mn sq. ft. by 2025.

Key Market Players & Competitive Insights

The handyman services market is fragmented and is anticipated to witness competition due to several players' presence. Major players in the market are constantly upgrading their products to stay ahead of the competition. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.

Some of the major players operating in the global market include:

  • American Handyman Services LLC
  • Ace Handyman Services
  • HomeAdvisor
  • Hambleton Handyman
  • Handyman Matters
  • Handyman Connection
  • Handy
  • Homeserve USA
  • HomeFixer
  • Jiffy
  • Mr. Handyman
  • Paul’s Handyman Melbourne
  • Porch.
  • Thumbtack
  • The Handy Squad

Recent Developments

  • In November 2021, Artisan Express, announced the launch of its new Handyman Home Services Platform, which allow users to find artisan to perform any kind of household work like electrical works, AC repairing, flooring, pest control, plumbing, & other home services. The app currently has over 500 pre-vetted artisans on the platform, and all of them have been background checked at the launch.
  • In February 2022, Dispatch partnered with the Ace Handyman Services, mainly aimed to provide Ace’s customers with its renowned expertise. The service will allow customers to easily hire experienced, reliable, and well-behaved craftsman to come into their homes and efficiently assist with their projects.

Handyman Services Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 365.57 million

Revenue forecast in 2032

USD 1,133.79 million

CAGR

13.4% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Deployment, By Repairs & Maintenance, By Home Improvement Type, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Handyman Connection, Paul’s Handyman Melbourne, Hambleton Handyman, Handyman Matters, American Handyman Services LLC, Ace Handyman Services, Mr. Handyman, HomeAdvisor, Thumbtack, HomeFixer, The Handy Squad, Jiffy, Handy, Homeserve USA, and Porch.

FAQ's

Handyman Services Market Size Worth $ 1,133.79 Million by 2032

American Handyman Services LLC,Ace Handyman, Services,HomeAdvisor,Hambleton Handyman are top market players in the market.

North America region contribute notably towards the global Handyman Services Market.

The global handyman services market is expected to grow at a CAGR of 13.4% during the forecast period.

Deployment, repairs & maintenance, home improvement type, and region key segments in the Handyman Services Market.