The Business Research Company’s latest report Personal Services Global Market Report 2020 covers Personal Services market drivers, Personal Services market trends, Personal Services market segments, Personal Services market growth rate, Personal Services market major players, and Personal Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Personal Services industry, along with revised market numbers due to the effects of the coronavirus.
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Personal Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global personal services market is expected to grow from $1039.3 billion in 2019 to $1043.7 billion in 2020 at a compound annual growth rate (CAGR) of 0.5%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $1285 billion in 2023.
The global personal services market is segmented by type into personal care services, death care services, dry-cleaning and laundry services, other personal services, private households, by mode into online, offline. Subsegments covered are beauty salons, diet and weight reducing centers, spas & massage, 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.
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