$273.6bn
$XX.Xbn
1m
526k
$XX.Xbn
Handymen have seen a dramatic shift in trends and drivers, influenced heavily by the pandemic and economic fluctuations. As homeowners found themselves limited from spending on travel and dining out because of lockdown measures, many invested in their homes instead, bolstering growth. However, recent interest rate hikes and declining consumer confidence have dampened this growth trajectory, causing a dip in new home improvement investments. Revenue has been decreasing at a CAGR of 1.0% over the past five years to total an estimated $273.6 million in 2024, including an estimated increase of 0.9% in 2024.
Industry revenue has declined at a CAGR of 1.0 % over the past five years, to reach an estimated $273.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
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There are no companies that hold a large enough market share in the Handyman Services in the US industry for IBISWorld to include in this product.
Handyman Services in the US
Industry revenue is measured across several distinct product and services lines, including Plumbing, Electrical and Windows. Plumbing is the largest segment of the Handyman Services in the US.
Plumbing services are mostly nondiscretionary and steady
Handymen perform work involving the skills of two or more maintenance or craft occupations to keep machines, mechanical equipment or the structure of a building in repair. Duties may involve pipe fitting; HVAC maintenance; insulating; welding; machining; carpentry; repairing electrical or mechanical equipment; installing, aligning and balancing new equipment; and repairing buildings, floors or stairs.
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Handymen thrived on pandemic-era home improvement trends, but rising interest rates and low consumer confidence have recently stymied growth. A recovery is expected in 2024 t...
Learn about an industry's products and services, markets and trends in international trade.
Handymen primarily serve homeowners. However, some companies are now targeting commercial markets to diversify revenue sources. This shift aims to capture new business opport...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast houses the most handymen because of its high population. States like Florida, with a significant retiree community, drive the need for services. Population and ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Companies depend on word-of-mouth advertising to attract new clients and maintain a stable revenue stream. Reputation and consistency are crucial for success. Achieving this ...
Learn about the performance of the top companies in the industry.
Fragmented is high among handymen with no dominant companies. Most handymen are nonemployers, operating locally and relying on word-of-mouth for new clients. Because of this ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Handymen need certifications and licenses to operate. The requirements differ significantly across states and municipalities. Handymen must research local regulations to ensu...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Handymen must obtain licenses and insurance, adding to their costs. These costs vary by state and significantly impact their business expenses. Licensing and insurance requir...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Handyman Services in the US industry in United States is $273.6bn in 2024.
There are 526k businesses in the Handyman Services in the US industry in United States, which has grown at a CAGR of 0.6 % between 2019 and 2024.
The market size of the Handyman Services in the US industry in United States has been declining at a CAGR of 1.0 % between 2019 and 2024.
Over the next five years, the Handyman Services in the US industry in United States is expected to grow.
Plumbing repair and Drywall installation and repair are part of the Handyman Services in the US industry.
The level of competition is high and steady in the Handyman Services in the US industry in United States.