Handyman Service Franchises
The Handyman Service Franchises industry expanded strongly over the five years to 2018 as the Construction sector continued to improve. Coupled with improving per capita disposable income, this provided the industry with enough momentum to grow steadily for the remainder of the current five-year period, despite fluctuations in private spending on home improvements. Moreover, as demand for housing continues to grow, homeowners have upped maintenance and repair expenditure overall to increase home values, benefiting the industry. However, with total construction value expected to approach prerecessionary levels over the five years to 2023, rapid industry expansion will become harder to maintain. Rising interest rates will also hinder industry growth as financing housing or commercial renovations becomes more expensive.
This industry provides general maintenance and repair services to residential and commercial customers, including plumbing and electrical repairs, appliance installation and repair, painting and carpentry. IBISWorld’s business franchise reports focus solely on franchised operations, excluding nonfranchise data. These reports, which show the total number of franchise outlets, total revenue and average profit margins earned, also highlight the largest franchisors by market share.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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