In-Home Care & Other Household Services in China - Industry Market Research Report

In-Home Care & Other Household Services in China - Industry Market Research Report

In-Home Care & Other Household Services in China

The In-Home Care & Other Household Services industry in China has developed significantly in recent years. The industry has grown particularly due to the improving income levels of Chinese residents, increasing number of new births and elders, accelerating pace of life, and a high labor force participation rate. Industry revenue is expected to total $126.5 billion in 2022, which is a 14.2% increase from 2021. Moreover, the industry is anticipated to have an annualized growth rate of 13.5% over the past five years. Industry profit is low, with an average of 7.1% of industry revenue in 2022, mainly diminished by the rising labor costs in China.

Companies in the In-home Care & Other Household Services industry in China provide various in-home services for households, like nursing care of infants, new mothers, children, elders and patients, as well as cooking, cleaning, driving, housekeeping and other services for households.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.