The Handyman Service Industry is Booming | News & Insights

The handyman service industry is experiencing a period of significant growth, fueled by a combination of factors including the increasing demand for home repairs, renovations, and maintenance services, the rise of DIY culture, and the growing number of dual-income households with less time for household chores. The global handyman service market is forecast to expand at a CAGR of 12.2% and thereby increase from a value of US$ 381.2 Mn in 2024, to US$ 853.3 Mn by the end of 2031. The convenience of hiring professional handyman services, the ongoing trend toward homeownership, and the rapid expansion of the gig economy are just a few of the driving forces shaping the industry. This article explores the current trends, investment opportunities, and strategies for capitalizing on the booming handyman service economy.