United States Home Services Market Report and Forecast 2024-2032

United States Home Services Market Size

The United States home services market was valued at USD 90.63 billion in 2023. The market is further projected to grow at a CAGR of 7.2% between 2024 and 2032, reaching a value of USD 170.87 billion by 2032.

Key Takeaways

• The percentage of Americans who own a home increased to roughly 65.9% in 2022 from 63.7% in 2016. The demand for home services is directly correlated with this rise in homeownership.

• The U.S. also has a significant number of older homes, with nearly 40% of homes being over 50 years old, which increases the demand for home services related to plumbing, electrical work, roofing, and structural repairs.

• As per industry reports, online bookings for home services have seen a substantial increase, with approximately 70% of customers preferring to book services online and a 52% growth in online bookings from 2019 to 2022.

On-demand home service providers are expanding their offerings to include specialised and niche services like home cleaning, pet care, and home security. This trend caters to the diverse needs of consumers, enhancing customer satisfaction and loyalty. By offering a wider range of services, providers can attract a larger customer base and increase revenue streams. Handy offers a wide range of on-demand home services including cleaning, furniture assembly, and plumbing.

The increasing adoption of mobile apps for booking home services is driving United States home services market growth, with a significant percentage of consumers preferring app-based service bookings. This trend boosts market accessibility and customer engagement. TaskRabbit allows users to book a variety of home services through their mobile app.

Pest control services are essential for preventing and managing infestations of insects, rodents, and other pests that can cause damage to residential properties and pose health risks to occupants. The demand for these services is driven by factors such as the growing popularity of eco-friendly pest control methods and the rising awareness of the importance of maintaining a pest-free living environment.

As per United States home services market analysis, the repair and maintenance segment includes services such as electricity, plumbing and drainage, and gas. These services are essential for maintaining the functionality and safety of residential properties, and the demand for these services is influenced by factors such as the age and condition of the housing stock, the increasing complexity of home systems and appliances, and the growing trend towards home renovation and remodelling.

United States Home Services Market Report Snapshots

United States Home Services Market Size

United States Home Services Companies