GITNUX MARKETDATA REPORT 2024

Profitable Home Service Business Statistics

Home service businesses have a high potential for profitability due to a steady demand for services such as home cleaning, repairs, and maintenance.

Statistic 1

"Home service businesses are predicted to have an average of 6.1% revenue growth in 2021,"

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Statistic 2

"The average profit margin for the home service industry can range from 5% to 20%,"

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Statistic 3

"57% of home service business owners said they expect to grow in 2021 despite the pandemic,"

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Statistic 4

"In 2019, the home services market reached approximately $105.55 billion,"

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Statistic 5

"Home Cleaning Services businesses in the US generated over $943 million in profit in 2020,"

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Statistic 6

"The US landscaping services market size was valued at $92.2 billion in 2019,"

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Statistic 7

"By 2027, the home service franchising industry in the U.S. is expected to grow to $133.57 billion,"

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Statistic 8

"Overall, 61% of businesses in the home services industry saw a revenue increase in 2020,"

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Statistic 9

"In 2020, the average home service business owner earned between $30,000 and $100,000,"

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