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2024 U.S. Industry Statistics & Market Forecast - Other Personal Services
Market Size & Industry Statistics
The total U.S. industry market size for Other Personal Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Other Personal Services industry include:- Increased demand for personalized services
- Rise in disposable income
- Technological advancements improving service delivery
- Growing emphasis on sustainability and ethical practices
- Expansion into digital and mobile platforms
- Shift towards subscription-based models
- Rising health and wellness trends influencing service offerings
- Higher consumer expectations for convenience and speed
- Impact of social media marketing
- Growing importance of online reviews and feedback
- Impact of aging populations requiring specialized services
- Integration of AI and automation tools
- Expansion of gig economy and freelance service providers
- Increased regulatory scrutiny and compliance requirements
- Cultural shifts towards self-care and mental health awareness
Product & Services Breakdown
Research products and services in the Other Personal Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Digital Photo And Photofinishing Services |
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Dating Services |
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Social Event Planning And Coordination Services |
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Operation Of Coin-Operated Machines |
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Off-Street Parking Services |
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Off-Street Parking Services - Hourly Or Daily |
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Off-Street Parking Services - Weekly Or Monthly, In Buildings |
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Off-Street Parking Services - Weekly Or Monthly, On Lots |
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Valet Parking Services |
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Management Fees For The Operation Of Parking Facilities |
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Bail Bond Services |
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Consumer Buying Services |
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Personal Training Services |
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Other Personal Services |
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Operation Of Coin-Operated Telephone Services |
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Pet Care Services |
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Pet Grooming Services |
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Pet Boarding Services |
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Pet Sitting And Dog Walking |
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Animal Training Services, Excluding Race Animals |
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Other Pet Care Services |
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Resale Of Merchandise |
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Resale Of Pet And Animal Supplies |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Other Personal Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Other Personal Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Other Personal Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Personal Care and Service Occupations | 44% | |||
| Animal Care and Service Workers | 36% | |||
| Animal Caretakers | 34% | |||
| Animal Caretakers | 34% | |||
| Office and Administrative Support Occupations | 10% | |||
| Transportation and Material Moving Occupations | 21% | |||
| Other Transportation Workers | 15% | |||
| Parking Attendants | 15% | |||
| Parking Attendants | 15% | |||
Other Personal Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Other Personal Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Other Personal Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Other Personal Services industry. |
Source:
Innovation News
- Apr 04, 2024: Flashparking patents Bluetooth Parking Access Management
- Apr 04, 2024: Flashparking patents Bluetooth Parking Access Management
- Apr 04, 2024: Municipal Parking Services patents Device, Method And System For Detecting Parked Vehicles
- Jan 23, 2024: Wallis Annenberg Legacy Foundation trademarks "GEN" - Charitable services in the nature of delivery of SOCIALIZATION AND EDUCATIONAL PROGRAMMING to OLDER ADULTS
- Jan 22, 2024: Wallis Annenberg Legacy Foundation trademarks "GEN WALLIS ANNENBERG GENSPACE" - Charitable services in the nature of delivery of SOCIALIZATION AND EDUCATIONAL PROGRAMMING to OLDER ADULTS
- Jan 10, 2024: Gateway US Holdings trademarks "ABBEY GLEN" - Photographic, lithographic, graphic, and pictorial prints featuring pet paw prints
- Nov 29, 2023: Municipal Parking Services raises $10 million in funding.
- Oct 16, 2023: Flashparking raises $3 million in funding.
- Jun 12, 2023: Municipal Parking Services raises $10 million in funding.
Recent Federal Contracts for Other Personal Services
- Apr 02, 2024: SP PLUS CORPORATION (Chicago, IL) awarded $1,034,916
- Apr 02, 2024: HOP ENERGY HOLDINGS, INC. (Port Chester, NY) awarded $22,584
- Apr 02, 2024: COLONIAL PARKING, INC. (Washington, DC) awarded $44,186
- Apr 02, 2024: DOMESTIC AWARDEES (UNDISCLOSED) (Washington, DC) awarded $13,424
- Apr 02, 2024: KILEY SHIELDS (Annapolis, MD) awarded $956,165
- Apr 02, 2024: TGA CAPITAL GATEWAY LLC (New York, NY) awarded $298,287
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