The
personal services market consists of establishments which provide personal
services such as equipment and machinery repairing, personal and household
goods repair and maintenance, dry cleaning and laundry, beauty and personal
care services, pet care services, death care services, photofinishing services
and domestic services such as domestic cleaning and cooking.
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The global personal services industry
has shown high growth in the past years with a CAGR of just 5%. The year 2017
recorded highest ever market value in this industry as per TBRC’s inhouse
consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the personal
services industry to grow at a higher CAGR by 2021 as compared to 2017,
along with geographies best suited for investments with highest return rate.
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report at
This high
growth can be attributed to the expected increase in demand for personal
services due to increasing urban population, strong economic growth and rising
disposable income in emerging markets, increasing awareness about personal
care, growing pet population and changing consumer preferences.
Companies included in the report are Service Corporation International, Sears Holdings, Best Buy, Regis
Corporation and Weight Watchers International Inc.
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