Quick fix: A rebounding housing market and rising incomes will propel industry growth

The industry derives most of its revenue from the residential sector. As a result, the industry expanded strongly over the five years to 2017, as the construction sector continued to improve. However, growth was slightly hampered by the popularity of do-it-yourself (DIY) projects early in the period, as household disposable incomes remained constrained. However, IBISWorld estimates industry revenue will rise strongly over the five years to 2017. However, with total construction value expected to surpass prerecessiony levels in the coming years, rapid industry expansion will become harder to maintain. Overall, IBISWorld projects industry revenue to grow at a slower rate over the five years to 2022...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • An accelerating housing market will aid industry operators and boost revenue
  • The industry received indirect government assistance over the period in the form of tax incentives
  • As the value of construction surpasses prerecessionary levels, sustaining growth will prove difficult
  • Industry Report - Industry Products Chapter

    Handymen perform a wide range of services, ranging from minor work (e.g. replacing light bulbs) to larger projects (e.g. remodeling small commercial spaces). Due to their versatility, handymen can be cost-effective alternatives to hiring multiple service providers, such as an electrician, roofer and plumber. Handymen typically charge by the hour for labor and, if applicable, material costs. Many handymen have specialties, such as painting or carpentry. While some are self-trained, others have formal training and or specialty licenses (e.g. electrician).Maintenance servicesHandymen perform a range of interior and exterior maintenance services, including gutter cleaning and maintenance. Handymen clean gutters and can install gutter guards. Oth...purchase to read more.

    Additional Insights for the Handyman Service Franchises Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Handyman Service Franchises Industry are

  • Having a good reputation
  • Ability to quickly adopt new technology
  • Aggressive marketing/franchising - given the high level of competition
  • IBISWorld analysts also discuss how external factors such as Private spending on home improvements and Number of businesses in the Handyman Service Franchises industry impact industry performance..

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    What's in this report

    What is the Handyman Service Franchises Industry?

    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.

    Industry Products
  • Maintenance services
  • Plumbing
  • Painting
  • Flooring
  • Decks and fences
  • Electrical
  • Others
  • Industry Activities
  • Plumbing repair
  • Drywall installation and repair
  • Electrical installations
  • Carpentry services
  • Painting services
  • Appliance installation and repair
  • Flooring installation and repair
  • Roofing repairs
  • Gutter cleaning
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Private spending on home improvements
  • Number of businesses
  • Per capita disposable income
  • Access to credit
  • Homeownership rate

  • Current Performance
  • Rebounding downstream demand
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Growth slows
  • Aging homes require more work
  • Table: Handyman Service Franchises Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Handyman Service Franchises Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Real Estate and Rental and Leasing
  • Commercial Building Construction
  • Consumers

  • Key Selling Industries
  • Construction & Mining Equipment Wholesaling
  • Electrical Equipment Wholesaling
  • Finance and Insurance
  • Tool & Hardware Wholesaling

  • Products & Services
  • Maintenance services
  • Plumbing
  • Electrical
  • Others
  • Decks and fences
  • Painting
  • Flooring
  • Chart: Handyman Service Franchises Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households
  • Property owners and managers
  • Commercial clients
  • Other
  • Chart: Major Market Segmentation for the Handyman Service Franchises Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationMarketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Handyman Service Franchises

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Handyman Service Franchises Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Handyman Service Franchises Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Handyman Service Franchises Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Private spending on home improvement (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A legal proceeding that bars or extinguishes a mortgagor's right of redeeming a mortgaged estate.
  • Franchisee
  • The party in a franchising agreement that is purchasing the right to use a business's trademarks, associated brands and other proprietary knowledge in order to open a branch.
  • Franchisor
  • The owner of the original operation. The Franchisor decides to allow other people to replicate their system in exchange for a fee.
  • Handyman
  • A person who can perform repair and maintenance work.
  • Royalties
  • Ongoing fees paid to the franchisor by franchisees in respect of ongoing training and support services provided, usually a percentage of revenue.
  • What Our Customers Say

    Why buy this report?

    The Handyman Service Franchises Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Handyman Service Franchises:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Handyman Service Franchises market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Handyman Service Franchises, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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