Home Services Industry Outlook
A Growing Industry
$800B
The U.S. home services market is estimated to reach $842 billion in 2026 and grow to nearly $989 billion by 2031
665M
Americans complete an estimated 665 million home service projects each year, reflecting strong and ongoing demand for repair, maintenance, remodeling, and home improvement services.
90M
With more than 90 million Americans currently in or approaching the prime home-buying years, Millennials and Gen Z continue to drive strong demand for homeownership—and the ongoing need for home services. As more consumers invest in purchasing, updating, and maintaining their homes, the outlook for franchise owners in the home services industry continues to grow.
5M
The home services industry employs more than 5 million professionals nationwide, reflecting the scale and continued growth of this essential service sector.
16.7%
Consumer demand for convenient, on-demand home services continues to grow, with the global market projected to expand at a CAGR of 16.7% through 2030. For franchise owners, that means strong long-term opportunity in a rapidly growing industry.
Build a Future in a Growing Industry
Fueled by increasing consumer demand, the home services industry continues to experience significant growth. Unlike home sales and new construction, home services generate ongoing demand through essential upkeep, remodeling, design, and maintenance needs. As a Home Franchise Concepts franchise owner, you’ll be positioned to benefit from this expanding market while helping homeowners maintain and improve the spaces they value most!