In a growing market where homeowners and businesses alike rely on professional handymen to tackle essential repairs and improvements, the handyman industry has emerged as a critical part of the service sector.
With significant growth projected over the coming decade, this field is set to reach a market value of $1.8 billion by 2033, driven by rising demand and a steady workforce.
This article provides a quick look at the latest statistics defining the handyman industry, from employment trends to financial forecasts, offering insights for business owners, workers, and clients alike.
1. Handyman Market Expected to Reach $1.8 Billion by 2033 with 16.5% Annual Growth
The handyman market is on an impressive growth trajectory, with a notable rise expected over the next decade. This growth highlights the increasing demand for skilled handyperson services, reflecting broader trends in home maintenance and improvement spending.
2. Market Valued at $390.9 Million in 2023, Projected to Hit $1.8 Billion by 2033
This substantial growth indicates a rising reliance on professional handyperson services to address household maintenance needs. Such an expansion also suggests a promising landscape for new businesses and employment within the industry.
3. U.S. Handyman Industry Comprises 162,000 Firms with $42,930 Median Wage
These figures point to a thriving field that not only provides essential services but also offers stable employment with competitive wages. The consistent growth projection signals strong market resilience, appealing to both new entrants and established players.
4. Handyman Sector Employs 1.47 Million People in the U.S. as of 2023
With nearly 1.5 million workers in this field, the handyman industry is a significant source of employment in the U.S. This high number of jobs showcases the essential role handypersons play in maintaining residential and commercial spaces.
5. Employment in U.S. Handyman Industry Rose 1.3% Annually from 2018 to 2023
This steady increase in employment reflects consistent demand for skilled labor in the handyman sector, as more people recognize the value of professional home maintenance. Employment growth in this sector is indicative of broader economic stability and demand for trade skills.
6. Global Handyman Market Projected to Grow 16.5% Annually from 2024 to 2033
This substantial growth projection suggests that handyman services will continue to expand worldwide, supported by growing investments in home and commercial maintenance. The industry’s global growth also highlights the value of these services beyond just the U.S. market.
7. Handyman Market Valuation Projected at $1.579 Billion by 2033
With nearly $1.6 billion in potential market value by 2033, the handyman sector is poised for a major increase in demand and revenue. This growth points to both rising consumer spending on maintenance and an opportunity for more companies to enter the market.
Other Interesting Handyman Industry Facts
Try a Handyperson for Minor Plumbing Issues
If you have a clogged drain that DIY solutions haven’t resolved, consider calling a handyman before reaching out to a plumber. Handypersons often charge far less for the same task, potentially saving you hundreds of dollars on routine fixes.
Routine Maintenance Saves Money in the Long Run
Home upkeep is essential, and waiting too long to address issues can make repairs more expensive. Regular check-ins from a handyperson help ensure small problems don’t turn into costly repairs, providing value to homeowners who prioritize long-term maintenance.
Repair Before You Replace
When something breaks, it’s easy to assume it’s beyond repair, but many items can be fixed by a skilled handyperson. Choosing repair over replacement saves money and reduces waste, making it an economically and environmentally sound choice.
Referrals Are Key to Handyman Business Success
Word-of-mouth recommendations are crucial for a handyman business, as nearly 90% of people read and trust reviews when selecting a service. Positive testimonials can make a significant impact, encouraging new clients to try out the services firsthand.
Grow Your Handyman Business with Digital Marketing
The handyman industry is on a clear path of growth, with rising demand underscoring its value to homeowners and businesses alike. This steady expansion signals both opportunity and competition for handymen, who must stand out in an increasingly crowded market.
One effective way to capture more leads and grow visibility is through local SEO—ensuring that when potential clients search for reliable, nearby services, your business is the first they find. By optimizing for local search, handymen can connect with clients right when they need assistance. You can learn how to do your own handyman local SEO in our guide here.
Our local SEO services help handymen enhance their online presence, bringing in a steady stream of clients and building long-term success. Contact us to learn more.
