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