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  • Writer's pictureRahul

Home Service Platform Market Size and Trends

Updated: Nov 24, 2022

The United States Home Services Market was valued at USD 105.55 Billion in 2018 and is projected to reach USD 219.07 Billion by 2026, growing at a CAGR of 35.8% from 2019 to 2026.

Home Service segment includes various sub-segments like General Contractor, Home Building, Insulation, Landscaping, Masonry, Painting, Carpentry, Electrical, Flooring, Handyman, Plumbing, HVAC, Renovations, Roofing, Tiling, Windows & Doors.

Roofing Contractors

Roofing Contracting Service Business in US market is worth US$ 52.2 billion in revenue in 2022. The market size of the Roofing Contractors industry is expected to increase 0.6% in 2022. The market size of the Roofing Contractors industry in the US has grown 1.0% per year on average between 2017 and 2022.

House Painting & Decorating Contractors

Over the five years to 2020, the value of residential construction has increased an annualized 1.3%, while the number of housing starts has increased an annualized 3.7%. The market is currently estimated to be $21 billion.

Furthermore, rising per capita disposable income has facilitated an annualized 2.8% increase in private spending on home improvements, which has bolstered industry revenue growth. Over the five years to 2020, industry revenue is estimated to increase at an annualized rate of 5.0% to $18.3 billion, which includes an anticipated 0.2% increase in 2020 as the industry's core markets slow due to the outbreak of COVID-19 (coronavirus).

HVAC Contractors

The size of Heating & Air-Conditioning Contractors Market is U$94 billion. In 2017, there were 105,000 HVAC companies in the United States, this number has grown to 109,411 in 2019.

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