The Business Research Company's Personal Services Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company's Personal Services Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 24, 2023 /EINPresswire.com/ -- The global personal services market is set to witness robust growth, with a projected increase from $1,150.72 billion in 2022 to $1,240.07 billion in 2023, reflecting a compound annual growth rate (CAGR) of 7.8%. Over the forecast period, the market is expected to continue its upward trajectory, reaching an estimated size of $1,632.08 billion by 2027, driven by various factors and evolving consumer preferences.

Stable Economic Growth Fuels Market Expansion
The personal services market is anticipated to experience significant growth, propelled by a forecasted stable economic outlook in both developed and developing nations. The International Monetary Fund (IMF) reports a global real GDP growth of 3.7% in 2019 and 2020, with expectations for continued growth at 3.6% from 2021 to 2023. Recovering commodity prices and stable growth in developed economies, coupled with the slightly faster growth of emerging markets, contribute to the optimistic market scenario.
This stable economic growth is poised to increase disposable incomes, subsequently boosting the demand for personal services. As per World Bank data, India's GDP grew from $2667.69 billion in 2020 to $3173.40 billion in 2021, exemplifying the positive trend in emerging markets.

Explore comprehensive insights into the global personal services market with a detailed sample report:
https://www.thebusinessresearchcompany.com/sample_request?id=1947&type=smp

Major Players Driving the Market
Key players influencing the personal services market include Service Corporation International, Elis SA, Fantastic Sams, Weight Watchers International Inc., Spotless Group Holdings Ltd., Tivity Health, Dignity plc, Regis Corporation, ProSiebenSat.1 Media SE, and CSC Serviceworks Holdings Inc. These companies play a crucial role in shaping market dynamics through their strategic initiatives and innovative service offerings.

Regional Dynamics: Asia-Pacific Leading the Charge
In 2022, Asia-Pacific emerged as the largest region in the personal services market, driven by economic growth and changing consumer preferences. Following closely, North America secured the position of the second-largest region, reflecting the dynamic nature of the market. The global personal services market analysis encompasses regions such as Western Europe, Eastern Europe, South America, Middle East, and Africa, providing a comprehensive overview of regional dynamics and growth opportunities.

Explore the complete report for in-depth regional analysis and market insights:https://www.thebusinessresearchcompany.com/report/personal-services-global-market-report

Personal Services Global Market Report 2023from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
ThePersonal Services Global Market Report 2023byThe Business Research Company is the most comprehensive report that provides insights on personal services market size, personal services market drivers and trends, personal services market major players, competitors' revenues, market positioning, and market growth across geographies.The personal services market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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About The Business Research Company
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