The Increasing Popularity of Handyman Services Across the US
Picture a day devoid of the skilled hands that uphold the integrity of our surroundings – be it our residences, workplaces, educational institutions, or any other place we frequent. Similar to the uncelebrated champions who uphold repair and maintenance. This is where handymen have become crucial in the current home maintenance landscape.
In recent years, the United States has witnessed a significant growth in the demand for handyman services. This trend reflects a changing dynamic in the home maintenance and repair sector, where more homeowners are turning to professional handymen for their home improvement needs. The rise in the popularity of these services can be attributed to a combination of factors, including the increasing complexity of home repairs, the time constraints faced by modern homeowners, and the desire for quality and expertise in home maintenance tasks.
In this blog post today, we will explore the dynamic landscape of the U.S. handyman services industry, examining its growth, challenges, and opportunities. We will discuss the impact of technological adoption and how it shapes the future of the industry.
Also Read: The Growing Impact of Professional Cleaning Services in The U.S
The Rise of Handyman Services
The rise of handyman services is an insightful exploration of the burgeoning handyman service industry in the United States. This piece delves into the factors contributing to the industry's growth, including the increasing demand for professional home repair and maintenance services. The rise in dual-income households and busy lifestyles has led to a greater reliance on services for a variety of home improvement tasks.
The industry has evolved to meet the needs of homeowners who seek convenience, expertise, and efficiency in maintaining and enhancing their properties. The growth of the industry is also influenced by technological advancements, particularly the adoption of online platforms for service bookings, which offer ease and accessibility to consumers.
Additionally, the piece examines the changing trends in homeowner preferences, from DIY projects to professional services, and the impact of these trends on the industry. The rise of handyman services provides a comprehensive overview of the current state of the industry, its significance in the home maintenance sector, and its potential future trajectory.
The Role of Handyman Services in Home Maintenance
Handyman services play a critical role in preventative home maintenance by conducting regular inspections and maintenance of key systems like plumbing, electrical, HVAC, and roofing. These services help identify and resolve minor issues before they escalate into costly repairs. Regular gutter cleaning, roof maintenance, and seasonal tasks such as insulating pipes and ensuring efficient heating systems are essential to prevent water damage and other significant problems. Services contribute to the long-term well-being of a property, ensuring its functionality, safety, and value.
The Future of Handyman Services
According to future market insights, the handyman services market is expected to see significant growth. By 2033, the market is forecasted to reach a value of $1.8 billion, growing at a healthy CAGR of 16.5% from 2023 through 2033. This growth is driven by the expanding service sector and the ongoing adoption of new services, particularly those related to home care and real estate.
Growth in The U.S. Handyman Services Industry
#1: Current Market Size
According to Future Market Insights, the handyman services industry in the United States is experiencing rapid growth. The market, valued at approximately $390.9 million in 2023, is projected to reach $1.8 billion by 2033, growing at a compound annual growth rate (CAGR) of 16.5%. This expansion reflects the increasing demand for home repair and maintenance services, along with the rising popularity of online service bookings and advancements in technology.
#2: Number of Businesses
Despite the impact of the COVID-19 pandemic, the sector achieved impressive sales of over $7 billion in 2020, showcasing its resilience and exceptional performance. The industry currently comprises around 162,000 handyman services firms in the US, with a median annual wage for handypersons at around $42,930. The sector's growth is expected to continue, with an average CAGR of 19.67% projected until 2032.
#3: Increase in Demand
The demand for handyman services is further underscored by a 57% increase in home renovation projects in 2020 and the fact that about 25% of US residences have a maintenance backlog. The average hourly rate for a professional handyman is around $55, providing a benchmark for service value.
#4: Employment Statistics
According to future market insights, there are 1,476,820 people employed in the handyman services industry in the US as of 2023. The number of people employed in the industry in the US increased 1.3% on average over the five years between 2018 and 2023.
US Global Handyman Services Market by Segment
The market is segmented into various categories, each with its unique characteristics and growth potential.
#1: By Deployment
Online Segment: Holds a significant share in the market, with 63.60% of handyman services being deployed online. This reflects the growing preference for digital platforms and online bookings.
Offline Segment: Projected to grow at a CAGR of 20.27% during the forecast period of 2022 to 2032, emphasizing the importance of traditional service channels alongside digital ones.
#2: By Repairs & Maintenance
Electricity
Plumbing
Non-HVAC Home Appliances
Gas
Heating
Ventilation and Air Conditioning
Did You Know: Electricity segment with the highest market share with 31.10%, growing at a CAGR of 21.34%.
#3: By Home Improvement Type
Interior Design: Expected to grow at the highest rate during the forecast period
Construction: Notable market share, leading the industry.
https://www.polarismarketresearch.com/industry-analysis/handyman-services-market
#4: By Region
North America
Latin America
Europe
South Asia
East Asia
The Middle East & Africa
Oceania
Did you Know: North America holds a significant market share of around 36.2% in 2023 and is anticipated to grow at a CAGR of 19.67% through 2033.
Also Read: Exploring Trends and Opportunities in the U.S. Home Services Industry
Emerging Trends in Handyman Services With Technology
Emerging trends in the industry are significantly shaped by the adoption of technology and a shift towards eco-friendly and sustainable practices. These trends not only enhance the efficiency and accessibility of services but also align with evolving consumer preferences.
#1: Adoption of Technology
Online Platforms
The handyman services market is increasingly moving online, with a notable segment of services being deployed through digital platforms. This shift is driven by customers' growing preference for digital solutions, offering benefits like easy booking, transparent pricing, and a wider selection of service providers. The online segment accounts for a substantial share of the market, indicating its growing significance.
Did You Know: According to a report by MarketResearch.com, the online segment of the handyman services market is expected to grow at a CAGR of over 12% from 2022 to 2027.
Mobile Apps
The use of mobile apps in these services is expanding, making it easier for customers to find and book services. This development enhances the accessibility and convenience of these services, helping to meet the immediate needs of users.
Did You Know: The adoption of mobile apps for handyman services has increased by approximately 25% in the last two years, according to App Annie data.
#2: Eco-Friendly and Sustainable Practices
Energy Efficiency
Handyman services are increasingly focusing on energy-efficient solutions and eco-friendly practices. This trend reflects a growing awareness of environmental concerns and the desire to reduce the ecological footprint of home maintenance activities.
Did You Know: A survey by the National Association of Home Builders (NAHB) found that 79% of homeowners are willing to pay more for energy-efficient and eco-friendly home improvements.
Sustainable Materials
The use of sustainable materials and practices in home repairs and renovations is gaining traction. This approach not only benefits the environment but also appeals to consumers who are conscious of their impact on the planet.
Did You Know: The use of sustainable building materials, such as bamboo flooring and recycled insulation, has grown by 15% in the past five years, as per the Green Building Council.
These trends highlight the industry's response to changing market dynamics and consumer expectations. By embracing technology and sustainable practices, the industry is positioning itself for continued growth and relevance in the evolving home services landscape.
Consumer Dynamics and Market Demand
Consumer dynamics and market demand in the industry are characterized by several key trends that are shaping the future of the sector
Consumer Dynamics
Preference for Digital Solutions: Consumers increasingly favor online platforms and apps for booking services, with a 150% increase in usage since the pandemic.
Eco-Friendly Services Demand: About 70% of consumers now prefer eco-friendly home services, emphasizing sustainability's importance.
Skilled Labor Shortage: More than 50% of home service businesses report challenges in finding qualified workers, impacting the industry's ability to meet consumer demands.
Technology Integration: There is a growing consumer demand for smart home technology integration in home services, with a 35% increase year-over-year.
Niche Services Demand: Specialized services like allergen-free cleaning and high-tech appliance maintenance are becoming more popular, with a 30% increase in demand.
Market Demand
Market Growth: The handyman service market is expected to reach $1.65 billion by 2032, up from $339.0 million in 2022, indicating strong market demand.
Subscription Model Adoption: Around 40% of urban households in the U.S. are opting for subscription-based home maintenance services, reflecting a significant shift in consumer behavior.
Real Estate Partnerships: There is a 40% increase in partnerships between home service providers and real estate firms, especially for services related to property transitions.
Regional Variations: Different regions, such as North America, Europe, and the Asia Pacific, show varying levels of market demand, influenced by local factors like urbanization, disposable income, and lifestyle changes.
These points highlight the evolving nature of consumer dynamics and market demand in the industry, indicating a shift towards digital, eco-friendly, and specialized services, along with a growing market for subscription models and real estate partnerships.
Challenges in the Handyman Services Industry
The industry faces several challenges:
Intense Market Competition: The industry is highly competitive, with numerous businesses vying for clients, leading to a saturated market that requires distinctive strategies to stand out.
Venture Capitalist Reluctance: New startups often struggle to secure funding, as investors may be hesitant to invest in the home services sector compared to other industries.
Product Competitiveness: Businesses must ensure their services are competitive and effective to retain and attract customers in a crowded market.
Resource Limitations: Limited resources can impact service delivery, particularly for smaller businesses or those without access to advanced technologies.
These challenges require strategic planning, innovation, and adaptability for businesses to thrive.
Best U.S. Cities For a Handyman in 2024
Fort Wayne, IN
Minneapolis, MN
Cincinnati, OH
Scottsdale, AZ
Tucson, AZ
Chesapeake, VA
Indianapolis, IN
Wichita, KS
Omaha, NE
Virginia Beach, VA
Best U.S. States for a Handyman in 2024
10 Highest Paying Cities For a Handyman
Most In-Demand Services in the U.S. Handyman Services Industry in 2023
The most in-demand services in the U.S. handyman services industry in 2023 are diverse, catering to a wide range of home maintenance and repair needs. These services include:
#1: Plumbing
High demand for fixing leaks
Installing fixtures
Pipe repairs
#2: Electrical Work
Frequently requested for wiring
Light fixture installation
Electrical repairs
#3: Carpentry
building and repairing wooden structures
Installations
#4: Painting
Interior painting
exterior painting
#5: Basic Maintenance
General home upkeep tasks are consistently sought after
These services reflect the current needs and preferences of homeowners and property managers across the U.S. For more detailed information.
Highliting The U.S. Handyman Industry Statistics
Industry Revenue (2020): Over $7 billion.
Handyperson Businesses: More than 162,000 in the U.S.
Average Annual Salary: $42,930 for handymen.
Growth Rate: Predicted CAGR of 3% through 2025.
Service Requests: 50% for projects under $200.
Household Demand: 80% of U.S. households need services annually.
Market Composition: 80% residential, 20% commercial.
Ownership: 67% of businesses are independently owned.
Revenue Projection (2024): Expected to reach $8.9 billion.
Adoption of Technology: Approx76% of handymen utilize mobile applications.
Amenify Professional Handyman Services in All Across the U.S.
Founded in 2017, Amenify is a real estate technology company that has made significant strides in the industry. Specializing in providing a variety of lifestyle services, including professional handyman services, to multifamily residences across the United States, Amenify has shown impressive growth across the U.S. By offering quality and convenient services demonstrating its successful approach in catering to the evolving needs of residents in multifamily and other homes. Our solid reputation is reflected in over 50,000 five-star reviews and 24/7 concierge support, we take pride in serving an extensive network that reaches over 2 million homes in more than 900 cities.
