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Business Concierge Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Business Concierge Services Market Research Report | Advisory & Financial Services | Other Outsourced Functions | Apr 2014

Timely assistance: Rising corporate profit and disposable incomes will help industry revenue grow

The Business Concierge Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$318m
Annual Growth 09-14
5.5%
Annual Growth 14-19
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Profit
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Employment
2,750
Businesses
698
Industry Analysis & Industry Trends

Operators in the Business Concierge Services industry conduct their clients' professional and personal affairs, from handling dry cleaning and shopping to making travel arrangements. During the recession, low corporate profit and low per capita disposable income discouraged households and companies from hiring concierges, though many new firms entered the industry during the recession because of its low barriers to entry. As the economy recovers, demand is expected to return to the industry, with solid revenue and enterprise growth over the next five years.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Business Concierge Services industry is in the growth stage of its life cycle. Industry value added, which measures the industry's contribution to the overall economy, is projected to rise at an average annual rate of 4.2% over the 10 years to 2019. By comparison, GDP is forecast to increase 2.7% per year on average over the same ten-year period. Consequently, the industry is increasing its overall share of the economy. Business concierge services are popular throughout Europe; however, they are expected to become more common throughout the United States over the next five years.

The overall size of the industry has grown steadily over the past five years to 2014, with the number of industry operators increasing at an average annual rate of 2.4% to 698 companies... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Business Concierge Services Industry?

Business concierges provide on-demand services for business executives, clients, employees and individuals. Companies offer a wide variety of services, including running errands, conducting grocery and personal shopping, making travel and restaurant reservations, and home management. Services may be provided in-person or remotely via telecommunications. Companies that function like brokers to match client requests with available freelance concierges are excluded from this industry.

Industry Products
Fulfilling other tasksShoppingEntertainment and dining arrangementsTravel arrangementsCourier services (e.g. bank deposits)
 
Industry Activities
Arranging travelShoppingProviding courier functionsProviding small event and party planningArranging dining and entertainmentFulfilling other tasks associated with a business trip


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