Are you looking for the latest statistics on the handyman industry? From revenue to salaries, this blog post will provide an overview of key figures and trends in the US market. We'll look at data from sources such as IBISWorld, US Census Bureau, Bureau of Labor Statistics (BLS), Global Industry Analysts Inc., Porch job survey 2021, Home Advisor survey 2020, Franchise Help report 2019-2025 and more. Read on to learn about how much money is generated by handyperson services each year and other interesting facts about this growing sector.
Handyman Industry Statistics Overview
The average annual salary for a handyman in the United States is $42,930, as reported by the Bureau of Labor Statistics.
This statistic is a valuable insight into the handyman industry, providing a clear indication of the average salary for those working in the field. It is an important piece of information for anyone considering a career as a handyman, as it gives them an idea of the potential earnings they could expect. Additionally, it can be used to compare the salaries of handymen across different states and regions, helping to identify any potential discrepancies in wages. This data is essential for any blog post about handyman industry statistics, as it provides a comprehensive overview of the industry's financial landscape.
The US handyman industry is expected to grow at a compound annual growth rate (CAGR) of 3% through 2025, according to Global Industry Analysts.
This statistic is a key indicator of the future of the US handyman industry, showing that it is expected to experience steady growth over the next few years. This is important information for anyone interested in the handyman industry, as it provides insight into the potential for success in the field. Additionally, this statistic can be used to inform decisions about investments in the industry, as well as to plan for the future of the industry.
50% of handyman service requests are for small projects of $200 or less, according to a Home Advisor survey.
This statistic is a valuable insight into the handyman industry, as it reveals that the majority of service requests are for relatively small projects. This indicates that the handyman industry is largely driven by minor repairs and maintenance, rather than large-scale projects. This information can be used to inform decisions about marketing, pricing, and other aspects of the handyman business.
Approximately 80% of American households will need the services of a handyman at least once a year, as quoted by Franchise Help.
This statistic is a powerful indicator of the potential for success in the handyman industry. It shows that there is a large and consistent demand for the services of a handyman, and that this demand is likely to remain steady year after year. This makes the handyman industry an attractive option for entrepreneurs looking to start a business, as it provides a reliable source of income. Furthermore, it demonstrates the importance of the handyman industry in the lives of many Americans, and the value it provides to them.
The handyman industry is 80% residential and 20% commercial, as reported by Franchise Help.
This statistic is a crucial insight into the handyman industry, providing a clear picture of the breakdown between residential and commercial services. It is an important factor to consider when discussing the industry as a whole, as it highlights the relative importance of each sector and the potential opportunities for businesses to capitalize on.
Nearly 67% of handyman businesses are independently owned, as per a report on GuildQuality.
This statistic is a telling indication of the Handyman Industry's landscape - it reveals that the majority of businesses in the sector are independently owned. This is significant, as it suggests that the industry is largely comprised of small businesses, rather than large corporations. This could have implications for the industry's competitive dynamics, as well as the availability of services to customers.
About 80% of handymen say acquiring new customers is their biggest challenge, according to the 2018 GuildQuality report.
This statistic is a telling indication of the difficulties faced by handymen in the current market. It highlights the need for handymen to find new customers in order to stay afloat, and serves as a reminder of the importance of marketing and customer acquisition strategies. It is an important statistic to consider when discussing the state of the handyman industry.
Millennials spend over $26 billion on home improvement projects, providing a significant market for the handyman industry, as per a report by Home Innovation.
This statistic is a powerful indicator of the potential of the handyman industry. It shows that millennials are investing heavily in home improvement projects, creating a lucrative market for the handyman industry. This is a clear sign that the industry is in a strong position to capitalize on this trend and continue to grow.
The average hourly rate for a handyman on Thumbtack is about $55 per hour.
This statistic is a key indicator of the Handyman Industry, providing insight into the average cost of services. It is an important piece of information for anyone looking to hire a handyman, as it gives them an idea of what to expect in terms of pricing. Additionally, it can be used to compare the cost of services across different regions and providers.
25% of homes built in the US have a maintenance backlog, indicating a high demand for handymen, according to the American Housing Survey.
This statistic is a telling indication of the need for handymen in the US. It shows that a quarter of homes have a backlog of maintenance, suggesting that there is a high demand for handymen to help with these tasks. This highlights the importance of the handyman industry and the need for skilled professionals to help keep homes in good condition.
Home improvement projects have increased by 57% in 2020 due to the COVID-19 pandemic, boosting the handyman industry, as quoted by CNBC.
This statistic is a powerful indicator of the impact the COVID-19 pandemic has had on the handyman industry. It shows that the industry has seen a significant increase in demand for home improvement projects, likely due to people spending more time at home and having more time to focus on home projects. This statistic is an important piece of evidence that can be used to illustrate the growth of the handyman industry in 2020 and the potential for further growth in the future.
A total of 76% of handymen report using mobile apps to manage their businesses, according to the 2018 GuildQuality report.
This statistic is a telling indication of the Handyman Industry's embrace of technology. It shows that the majority of handymen are taking advantage of the convenience and efficiency of mobile apps to manage their businesses. This is an important development, as it demonstrates the industry's willingness to adapt to the changing times and stay competitive.
The average cost of a handyman service call is between $60 and $90, as stated by HomeAdvisor.
This statistic is an important indicator of the cost of handyman services, providing readers with a valuable insight into the industry. It serves as a useful reference point for those considering hiring a handyman, allowing them to budget accordingly and make an informed decision. Furthermore, it provides a benchmark for handyman businesses to measure their own pricing against.
Approximately 56% of handymen accept online payments, according to the 2018 GuildQuality report.
This statistic is a telling indication of the Handyman Industry's embrace of modern technology. It shows that the majority of handymen are open to the idea of accepting online payments, which is a great sign for the industry's future. This statistic is a clear indication that the Handyman Industry is adapting to the changing times and is ready to take advantage of the opportunities that come with it.
The revenue of handyperson services in the United States is projected to reach $8.9 billion in 2024, as per Statista.
This statistic is a testament to the growing demand for handyperson services in the United States. It shows that the industry is thriving and that more and more people are turning to these services for their home improvement needs. This is an important indicator of the health of the industry and provides valuable insight into the future of the sector.
The handyman industry is a booming business in the United States, with over $7 billion generated in revenue and more than 162,000 businesses operating across the country. The average annual salary for a handyman is around $42,930 and it's expected to grow at an estimated 3% CAGR through 2025. Most of these businesses are independently owned (67%) and have only one employee (62%).
Home improvement projects due to COVID-19 pandemic has increased by 57%, providing further opportunities for growth within this sector. With millennials spending billions on home improvements each year, there will be no shortage of demand for handyperson services anytime soon.
0. - https://www.strategyr.com
1. - https://www.statista.com
2. - https://www.homeadvisor.com
3. - https://www.data.bls.gov
4. - https://www.huduser.gov
5. - https://www.ibisworld.com
6. - https://www.guildquality.com
7. - https://www.thumbtack.com
8. - https://www.cnbc.com
9. - https://www.bls.gov
10. - https://www.franchisehelp.com
11. - https://www.homeinnovation.com