Home Services Industry: Market Overview and Analysis

Interested in starting a business in the home services industry? There’s a lot of opportunities to choose from. With growth on the horizon and a variety of segments to consider, learn what types of businesses are part of the home services market and why a niche business may give you a competitive advantage.

What is the Home Services Industry?

The home services industry encompasses a broad range of businesses that provide essential maintenance, repair, and improvement services for residential properties. From plumbing and HVAC to electrical work and landscaping, these businesses are crucial in helping homeowners maintain the functionality, safety, and aesthetic appeal of their homes.

The services provided by businesses within the industry are in high demand. Research suggests the market will expand at a compound annual growth rate (CAGR) of 21.14% from now until 2030, reaching a total value of $1.8 billion by the end of the forecast period.

Given the high demand for services and the impressive growth projections, it’s not surprising that entrepreneurs are heavily considering an opportunity in the home services market. As a potential investor, it’s important to research different segments to determine the best fit for you. Top businesses include:

  • HVAC services: Short for heating, ventilation, and air conditioning (HVAC), these businesses work with homeowners to troubleshoot any heating or cooling system issues and ensure proper air quality. Known for having busy seasons, HVAC businesses may see higher demand in the winter and summer months.
  • Pest control services: Termites and other pests can be damaging to a home’s structural integrity. An issue not many homeowners want to deal with themselves, pest control businesses help with termite control, rodent removal, insect extermination, and additional pest prevention practices.
  • Landscaping services: If you’re someone who enjoys working outside, a landscaping business could be the ideal opportunity for you. Specializing in lawn care, garden design, tree trimming, weed control, and leaf removal, these businesses can maintain steady, recurring revenue by also offering snow removal services during the winter months.
  • Home remodeling and renovation services: Have an eye for interior design? Love HGTV shows? Consider owning a home remodeling and renovation business. Help homeowners maximize their space, upgrade their design, and achieve their vision through flooring, painting, and other remodeling services.
  • Home cleaning services: Specializing in routine house cleaning, deep cleaning, carpet cleaning, and window washing, home cleaning businesses can generate consistent, recurring revenue by offering customized cleaning schedules to meet the needs of busy homeowners.
  • Security and smart home installation: With smartphones successfully taking over our daily lives, people want their homes to be smart, too. Installing security systems, smart locks, and other smart home devices allow homeowners to stay connected to their residence even while they’re away – providing them peace of mind.
  • Roofing services: Easily one of the most important parts of a home, roofing businesses provide inspections, repairs, and even entire roof replacements. Considered a specialty service, proper roofing requires expertise, skill, and equipment that most homeowners don’t have. Given the physically demanding nature of the job and the safety risks involved working up high, most homeowners prefer to hire a professional to handle a roofing project.
  • Electrical services: Similar to roofing services, electrical services require extensive training. Most states will mandate you have an electrician’s license to complete projects or even own an electrical services business altogether. Be sure to check with your state’s requirements before committing to this type of business.
  • Plumbing services: Known for offering services such as drain cleaning, leak repair, sewer line maintenance, and water heater installation, plumbing businesses provide essential, high demand services. With ongoing maintenance and emergency repairs, plumbing businesses can build steady, recurring revenue.

Franchise with Accurate Leak and Line

Consider starting a new, lower-risk venture with a reputable franchisor like Accurate Leak and Line. Leading the plumbing industry with our state-of-the-art trenchless plumbing services, we provide homeowners with efficient, non-destructive, cost-effective solutions.

By offering specialized diagnostic and underground plumbing services, Accurate Leak and Line handles what many traditional plumbers don’t have the expertise for. Our unique focus on high-ticket repairs and specialized services gives our franchisees the advantage of larger average job sizes.

With protected markets available across the country, we also allow existing plumbing businesses to convert to our franchise model. Our franchise opportunity is affordable, with investment costs starting as low as $133,700.*

To learn more about our plumbing franchise, request information today, and one of our development representatives will set up an introductory call.

*Please see Item 7 of our FDD.