Maids, Nannies & Gardeners in the US - Industry Market Research Report
Description
Maids, Nannies & Gardeners in the US
COVID-19 reversed domestic worker unemployment as health concerns mounted and homeowners worked from home, reducing the need for services and stunting revenue growth. In addition, statewide regulations that boosted work benefits for private household employees and were expected to lead to added hiring costs further reduced the value of domestic hires. But the negative impact on industry growth was somewhat reversed by per capita disposable income growth, increases in households earning more than $100,000 and the return to work. Despite the significant losses experienced in 2020 and the falloff in 2022, industry-wide revenue has declined at a CAGR of 1.6% over the past five years and is expected to total $10.2 billion in 2023, when revenue will jump by an estimated 4.8%.
This industry comprises private households that hire workers to perform household work and childcare activities in their home. This includes personal chefs, maids, nannies, butlers, gardeners, caretakers and other maintenance workers. Individuals who are self-employed or employed by an agency are not included in this industry.
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.
COVID-19 reversed domestic worker unemployment as health concerns mounted and homeowners worked from home, reducing the need for services and stunting revenue growth. In addition, statewide regulations that boosted work benefits for private household employees and were expected to lead to added hiring costs further reduced the value of domestic hires. But the negative impact on industry growth was somewhat reversed by per capita disposable income growth, increases in households earning more than $100,000 and the return to work. Despite the significant losses experienced in 2020 and the falloff in 2022, industry-wide revenue has declined at a CAGR of 1.6% over the past five years and is expected to total $10.2 billion in 2023, when revenue will jump by an estimated 4.8%.
This industry comprises private households that hire workers to perform household work and childcare activities in their home. This includes personal chefs, maids, nannies, butlers, gardeners, caretakers and other maintenance workers. Individuals who are self-employed or employed by an agency are not included in this industry.
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.
Table of Contents
41 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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