Handyman Service Market Size, Share, Analysis, Trends, Growth, 2032

Handyman Service Industry Prospective:

The global handyman service market size was worth around USD 421.4 million in 2023 and is predicted to grow to around USD 1,197.10 million by 2032 with a compound annual growth rate (CAGR) of roughly 12.30% between 2024 and 2032.

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Handyman Service Market: Overview

Handyman service refers to the extensive range of professional services provided by a skilled workforce related to the repair and maintenance of office or residential buildings. The role includes a wide range of tasks such as plumbing, installation services, carpentry, and others.

Handyman services can include light tasks such as fixing a leaky faucet or more tedious jobs such as repairing broken heating, ventilation, and air conditioning (HVAC) systems. The demand for handyman services has grown over the years, especially in the backdrop of the rising urbanization rate.

In addition to this, handyman service providers are well-paid in developed countries as compared to emerging nations. The handyman service industry has been heavily influenced positively by the emergence of several digital portals connecting service seekers and providers preventing the workers from exploitation.

Furthermore, government initiatives to develop an organized ecosystem working in the favor of handyman service providers and consumers have further helped the market thrive.

During the forecast period, the industry for handyman service is expected to deliver exceptional results driven by several factors, such as limited time among the urban population to carry out home or office repair tasks. On the other hand, the rising culture of do-it-yourself (DIY) may negatively impact the industry’s expansion rate.

Key Insights:

• As per the analysis shared by our research analyst, the global handyman service market is estimated to grow annually at a CAGR of around 12.30% over the forecast period (2024-2032)
• In terms of revenue, the global handyman service market size was valued at around USD 421.4 million in 2023 and is projected to reach USD 1,197.10 million by 2032.
• The handyman service market is projected to grow at a significant rate due to the rising rate of urbanization worldwide.
• Based on repairs & maintenance type, the electricity segment is growing at a high rate and will continue to dominate the global market, as per industry projections.
• Based on end-user, the commercial property segment is anticipated to command the largest market share.
• Based on region, North America is projected to dominate the global market during the forecast period.

Handyman Service Market: Growth Drivers

Rising rate of urbanization worldwide to drive market demand rate according to research

The global handyman service market is projected to be driven by the growing rate of urbanization worldwide. Urban cities often are populated by working-class professionals with limited time to carry out additional tasks apart from daily routines. Urban populations in major cities around the globe generally live extremely busy lives and their working days are dominated by profession-related tasks.

Hence, the urban population seeks the help of skilled professionals in case of require any repair or maintenance work at home or offices. With the growing rate of urban population worldwide, the demand for handyman services is projected to grow.

Skill development initiatives undertaken by governments to promote market expansion during the projection period

Governments worldwide are working on developing more skilled workforce as job opportunities continue to rise. This is especially witnessed in emerging nations where the population density is high and economic investments are rising but the skill level of the workforce is not according to the required standard.

For instance, in September 2024, the Indian government announced the commencement of a central government-funded scheme under the Prime Minister’s package. The new initiative in the country aims to skill around 20 lakh youth in India over the course of the next 5 years. Furthermore, the government plans to upgrade more than 1000 Industrial Training Institutes (ITIs) to achieve its objective. Such programs are likely to create more revenue in the global handyman services market during the forecast period.

Handyman Service Market: Restraints

High cost of undertaking handyman services in certain nations will limit the industry’s growth rate

The global handyman service industry is projected to be restricted by the high cost of undertaking the services in certain parts of the world. For instance, plumbing charges in the US can range between USD 45 and USD 200 per hour depending on the type of work. Emergency service charges may be even higher. In case of the absence of homeowners insurance, the cost may go higher.

In addition, the industry is further affected by the lack of a sufficient number of handyman services providers creating an extensive gap between supply and demand for repair workers in many countries.

Handyman Service Market: Opportunities

Rising launch of online portals connecting service providers and seekers to generate more opportunities

The global handyman service market is projected to generate more growth opportunities due to the increasing launch of online portals and applications creating a seamless connection between service providers and service seekers. The market is currently filled with a wide range of applications such as single-service aggregator applications and multiple-service aggregator applications. In a recent move, Uber, a leading technology company, expanded its product portfolio with the launch of the Uber for Handyman application. The company aims to streamline and organize handyman services with the aid of its Artificial Intelligence (AI)-enabled application. The tool provides an AI-added virtual assistant, AI-centric dynamic pricing, and an AI-driver personalized engine.

In March 2023, Blinkit, a leading online grocery platform operating majorly in the Indian market, announced its plans to enter the hyperlocal services segment. The company will offer handyman services such as air condition repair and plumbing. Leveraging Blinkit's fast delivery characteristic, the new services will be rendered within 10 to 15 minutes to request the same. The online applications and portal methods of facilitating handyman services will be further encouraged by the growing proliferation of smartphone users worldwide. Additionally, greater access to affordable and fast internet will further create higher revenue in the industry.

Handyman Service Market: Challenges

Growing DIY culture worldwide to challenge market expansion in the coming years

The global handyman service industry is expected to be challenged by the rising do-it-yourself culture worldwide. The growing inflation rate globally as well as economic uncertainty has encouraged a large number of homeowners to learn basic repair and maintenance tasks. It is further facilitated by the rise in internet-facilitated content offering step-by-step guides to repair work in video and textual form.

Doing it yourself helps consumers save money and also invest their time in learning new skills. Furthermore, the presence of a large unorganized handyman service sector in several economies will continue to impact the market's overall revenue.

Handyman Service Market: Report Scope

Handyman Service Market: Segmentation

The global handyman service market is segmented based on repairs & maintenance type, deployment, end-user, and region.

Based on the repairs & maintenance type, the global market segments are non-HVAC appliances, HVAC systems, electricity, gas, and plumbing. In 2023, the highest growth was listed in the electricity segment. It dominated nearly 31.5% of the total market share driven by the increasing demand for electricity repair and maintenance services.

Due to the dangers associated when working with live wires and electricity, most of the repair work is carried out by trained professionals with essential equipment. Furthermore, electricity-related maintenance or repair work is highly complex, further helping the segment thrive.

Based on deployment, the global handyman service industry is divided into offline and online.

Based on the end-user, the global market segments are commercial property, residential property, and industrial property. In 2023, the highest demand was listed in the commercial property segment.

In most cases, the demand for handyman services is generally higher to manage repair work in commercial facilities such as shopping malls, entertainment centers, gymnasiums, and other units.

Moreover, the overall structural features of commercial centers are highly complex which further encourages the demand for trained professionals fueling segmental revenue.

Handyman Service Market: Regional Analysis

North America to deliver the most prominent results during the forecast period

The global handyman service market is projected to be led by North America during the forecast period. In 2023, it dominated nearly 36.5% of the global market share and in the coming years, it is expected to deliver a CAGR of 19.7% with the US leading the regional revenue. The growth rate is attributed to the presence of a massive organized and high-functioning handyman services sector. Governments in countries such as the US and Canada have clear and comprehensive rules protecting the rights and responsibilities of handyman service providers. However, the cost of seeking professional help in North America is exceptionally high. 

Asia-Pacific is a growing market for handyman services with considerable signs of growth during the forecast period. Countries such as China, India, Japan, and others will lead the regional revenue.

During the forecast period, India is expected to grow at a CAGR of more than 21.9% driven by the presence of a growing skilled workforce in the country. Rising rate of urbanization and higher proliferations of online portals assisting in connecting respective stakeholders will fuel regional market revenue.

Handyman Service Market: Competitive Analysis

The global handyman service market is led by players like:

• HomeAdvisor
• Mr. Handyman
• Redbeacon (acquired by Home Depot)
• TruBlue Total House Care
• Ace Handyman Services
• Home Depot's Pro Referral
• Handyman Connection
• Thumbtack
• House Doctors
• Jiffy
• Angi (formerly Angie's List)
• Handy
• Porch
• HandyPro
• TaskRabbit

The global handyman service market is segmented as follows:

By Repairs & Maintenance Type

• Non-HVAC Home Appliances
• HVAC Systems
• Electricity
• Gas
• Plumbing

By Deployment

• Offline
• Online

By End-User

• Commercial Property
• Residential Property
• Industrial Property

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa