No Shortage of Leads: Why the Home Services Industry Is Booming

Franchise Consultants  |  December 6, 2024

This is the first in a series of posts that gives franchise consultants / brokers information about the outlook of the home services vertical, our discovery process, and how we take steps to help you get your placement…even if it’s not with us!

The home services industry is experiencing unprecedented growth, making now the perfect time to consider investing in a Handyman Connection franchise. In 2023, this market boasted an impressive total value of $657 billion. However, experts predict that this is just the tip of the iceberg. Research from Technavio forecasts that the industry will skyrocket to an astounding $5.14 trillion by 2028. This growth is fueled by a combination of shifting consumer lifestyles, advancements in technology, and the ever-present need for reliable home maintenance services.

The Demand for Home Services Is Stronger Than Ever

Modern consumers are busier than ever. From juggling demanding careers to managing households, finding time for routine home repairs or improvements can feel impossible. Instead of spending weekends fixing leaky faucets, painting rooms, or assembling furniture, homeowners are turning to trusted professionals for help. This demand isn’t limited to one specific demographic; it spans generations, from millennials purchasing their first homes to aging baby boomers seeking maintenance-free living.

This overwhelming demand translates to a wealth of opportunities for home service providers. Whether it’s tackling everyday repairs, offering aging-in-place solutions, or implementing smart home technologies, the industry is positioned to grow significantly.

Technology: A Game-Changer in Home Services

The rise of home services-based technologies is another key driver of growth. Apps and platforms make it easier than ever for homeowners to find and book skilled professionals for their projects. With just a few clicks, consumers can schedule services, read reviews, and request quotes, creating a seamless user experience.

This accessibility is a win-win. For consumers, it eliminates the hassle of vetting contractors. For businesses like Handyman Connection franchises, it means an influx of qualified leads, as customers actively seek trusted providers for their home improvement needs.

The Future of Home Services

The projected growth of the home services market is staggering. As demand accelerates, so does the potential for success for businesses in the industry. What does this mean for prospective franchise owners? An abundance of leads, a robust customer base, and a thriving market in which to operate.

Homeowners aren’t just looking for one-off services anymore; they’re seeking long-term partnerships with reliable professionals. A Handyman Connection franchise is perfectly positioned to meet these needs, offering a comprehensive suite of services that cater to every stage of homeownership.

Why Handyman Connection?

Handyman Connection isn’t just a franchise—it’s a proven business model with decades of success in the home services industry. By joining this growing brand, you’ll gain access to a wealth of resources, including marketing support, training, and technology tools designed to maximize your franchise’s potential. Plus, our focus on customer satisfaction ensures that your franchise will benefit from a steady stream of repeat business and referrals.

With the industry growing rapidly and demand showing no signs of slowing, Handyman Connection offers franchise owners a competitive edge. Whether you’re passionate about helping homeowners or looking for a smart business investment, the time is now to join this thriving industry.

A Booming Industry Awaits

The numbers don’t lie: the home services industry is on a trajectory for explosive growth, with no shortage of leads in sight. From its current valuation of $657 billion to a projected $5.14 trillion by 2028, the opportunity is clear. Consumers’ busy lives and the convenience of technology are fueling a demand for quality services, making Handyman Connection the ideal partner for entrepreneurs ready to tap into this dynamic market.

By investing in a Handyman Connection franchise, you’ll not only enter a booming industry but also gain the tools and support needed to thrive. Take the first step today, and be part of the future of home services.

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