Industry Analysis & Industry Trends
Over the past five years, the Tradesman and Handyman Franchises industry has grown strongly. Industry operators are typically sole traders that perform of range of jobs such as gardening, building maintenance, plumbing, fencing and painting. Industry operators have benefited from the increasing number of consumers that lack both the time and skills to perform labour-intensive manual tasks around the home. As a result, the industry has grown at an annualised 3.2% over the five years through 2013-14 to total $881.9 million.
The steady rise in the number of households over the past five years has aided industry growth. As more households take up residence in new dwellings, demand for industry services to make alterations or perform maintenance work is likely to increase... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Tradesman and Handyman Franchises industry is in the mature phase of its life cycle. The industry has expanded over the past five years as independent traders and handymen join the ranks of franchised businesses. However, innovation and provision of services remain relatively unchanged.
Industry value added (IVA) measure's an industry's contribution to the overall economy. Over the 10 years through 2018-19, IBISWorld forecasts that the industry's IVA will rise at an annualised 2.1%. IVA growth is thus expected to underperform real GDP growth of an annualised 2.6% over the same period. This fall in overall contribution is expected to be due to rising price competition within the industry resulting from a lack of service innovation... purchase to read more