Personal Services Market 2021 Highlights, Recent Trends, Market Growth and Opportunities – Services Corporation International; Sears Holdings; Best Buy; Regis Corporation

Personal Services Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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The global personal services market is expected to grow from $982.66 billion in 2020 to $1057.18 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%.

Top leading Companies Profiled in Personal Services Market Report are Services Corporation International; Sears Holdings; Best Buy; Regis Corporation; Weight Watchers International Inc

Markets Segmentation:

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

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

Market Overview

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 $1411.2 billion in 2025 at a CAGR of 7%.

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. The personal services market is segmented into personal care services; death care services; laundry and drycleaning services; other personal services; and private household services.

Asia Pacific was the largest region in the global personal services market, accounting for 38% of the market in 2020. North America was the second largest region accounting for 29% of the global personal services market. Africa was the smallest region 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.

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Key Takeaways from Personal Services Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Personal Services market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Personal Services market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Personal Services

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In conclusion, the Personal Services market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Personal Services Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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