The personal services market effectively contains of the sales of personal services and related goods by several entities (organizations, sole traders and partnerships) that deliver the personal and laundry services to individuals, households, and businesses. Services functioned include: personal care services; death care services; laundry and dry cleaning services; and an extensive range of other personal services, such as pet care (excluding veterinary) services, photo finishing services, temporary parking services, and dating services.
According to the report analysis, ‘Personal Services Global Market Report 2019’ states that in the personal services global market there are numerous corporates which recently performing more significantly for leading the fastest market growth and registering the handsome value of market share around the globe throughout the short span of time while delivering the better consumer satisfaction, decreasing the linked prices, spreading the awareness related to the personal services, advancing the applications of the personal services, implementing the effective profit making strategies and employing the young workforce includes Services Corporation International, Sears Holdings, Best Buy, Regis Corporation, Weight Watchers International Inc and several others.
Moreover, mergers, acquisitions, agreements and several other dealings have also been accentuated in the study. The study further scrutinizes the management and workflow of numerous leading players and presents readers with the information on their products, marketing and production strategies, and market shares of the past and coming years.
The global market for personal services is tremendously diversified and can be diverted into the personal care products and personal care appliances. The Personal care appliances have become prevalent around the world during the last few years due to the penetration of fresh and innovative appliances across the market every year. Whereas, the global market for personal services is predicted to observe the substantial growth over the upcoming years due to the effective growth in the disposable income of customers, thus allowing them to spend on the luxury personal care products. While the personal care products sector for the women is a protruding category, the establishment of the men’s product line for grooming has strengthened the growth of the market expansively.
Based on the region, the Asia Pacific was the largest region in the worldwide personal services market, registering for 37% of the market in 2018. North America region was the second largest economy dominating for 25% of the international personal services market. For instance, the Africa was the smallest region in the worldwide personal services market.
Not only has this, the beauty salons are utilizing the organic products to cater to the requirement of the consumer demanding the usage of the safer personal care products. Organic products are natural products which are equipped utilizing the natural and organic ingredients without the usage of the harmful chemicals. The supply of locally-obtained the raw materials create organic products more reachable and inexpensive for consumers. Some of the organic products being utilized by the hair salons involve organic hair oil, hair spray, shampoos, hair gels, hair colors, dyes and several other hair styling goods. The organic personal care market is predicted to increase at 10% to reach USD 25 billion by 2025, thus demonstrating a significant prospective for organic salons. Therefore, in the coming future, it is predicted that the market of personal services will increase around the globe more progressively over the near decades.
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Ankur Gupta, Head Marketing & Communications