August 18th, 2022
Concierge Services Market was valued at USD 334.75 Million in 2021 and is expected to reach USD 496.73 Million by the year 2028, at a CAGR of 5.8%.
A Concierge services market is a large service market, a person or company that specializes in managing small tasks for clients. The specialty of this service market is super quick and personalized for every client. A Concierge services Market involves many small activities like vacation planning, booking flights, lifestyle management, appointments with professionals, and household management, but the money flow in this market is huge. Many celebrities, top-level managers, VIP customers, and other consumers give their routine or specialized tasks to concierge services or personal assistance services to do work properly. This is done by the consumer to save time and gets work done effectively. The main consumer for this service market is that who have a lack of work-life balance, less time, and have to travel frequently means having busy work schedules these are easily handover their small task to the concerned person or organization they took care of all the services required to the consumer and make their life easy. So due to this, the demand for Concierge service is constantly increasing.
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Major Key Players for Concierge Services Market:
· Quintessentially Group
· Knightsbridge Circle
· John Paul Group
· Pure Entertainment Group
· My Concierge
· The Fixer Lifestyle Group
· Velocity Black
· Sky Premium International
· Bon Vivant
· The Billionaire Concierge
Market Dynamics and Factors:
Concierge services are constantly increasing. These services provide convenience and comfort to the customer by keeping track of their tasks. On-demand customized services are getting in trend which is helping to increase the demand for concierge services. These services allow consumers to pay only for the services they have a requirement and they are demanding that helps to reduce the burden of extra charges, annual contracts, and membership fees. Concierge service providers charge only for the services they are providing which reduce the cost and also reduce the time for documentation which helps the consumer to get done there work done in a better and faster way. The service providers in the tourism industry keep track of all the passport services, baggage, visa services, and customs procedures which provide easy access to the travelers. This is all expected to boost the demand for concierge services in the tourism and hospitality sectors.
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Concierge Services Market Report Highlight:
· By Type, the Concierge services market is segmented into Corporate and Personal. The personal concierge segment is anticipated to grow significantly in the Concierge services market during the forecast period. It consists of a variety of tasks, like cleaning, paying household bills, organizing and managing events, and hotel and restaurant booking.
· By Application, the transportation segment is expected to lead a concierge services market share during the projected period. People are frequently traveling and to book the tickets, manage the trips getting help from concierge services for a better experience.
· By region, the Asia-Pacific region is anticipated to have the highest share of the hearing aid market in the forecast period. More people are using these concierge services due to the growing workload and having a busy, tight working schedule.
Key Industry Development:
· In March 2022, Quintessentially Group is the world's leading luxury lifestyle group that offers private concierge services, and lifestyle management in the world announced partnering with NDB Bank’s Privilege Select to provide easy banking services.
· In July 2021, Knightsbridge Circle is a leading travel and lifestyle service provider. They start this company in 2012. They launched the most expensive prestigious membership, which costs £100,000 per year that involves world-class healthcare and VIP access to the world's most exclusive events.
Concierge Services Market Segmentation:
For this report, Introspective Market Research has segmented the Concierge Services Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa
Rest of MEA
Rest of LATAM
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Scope of the Report:
The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The Concierge Services Market study looks deeply into the worldwide market's competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER's Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.
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