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The In-Home Care & Other Household Services industry in China has not developed very well in the past few years. Due to the COVID-19 pandemic, many services provided by the industry cannot be implemented, resulting in a decrease in industry revenue. Industry revenue is expected to decrease at an annualized rate of 4.7% over the five years through 2024 to $7.1 billion. The continuous growth of China's population and the trend of aging have led to a great demand for industries in society, and currently the industry has not formed a good supply-demand relationship.Industry profit is expected to total 3.7% of revenue in 2024. Total wages are expected to decrease by an annualized 3.8% over the five years through 2024 to $3.2 billion. The technological barriers in the industry are low, resulting in a large workforce and low profits. The industry is typically labor-intensive, with wages accounting for 45.8% of industry revenue in 2024. There are large number of small-size companies and self-employed practitioners in the industry. Industry concentration is very low. The largest company in the industry represents only 0.3% of industry revenue in 2024. Most participants operate in local markets only, and just a small number of franchise chain companies are able to cover multiple regions.The industry is forecast to continue growing strongly in the next five years, benefiting from Chinese residents' upgrading consumption, the third-child policies implemented in 2022, and as China becomes an aging society. Industry revenue is expected to increase an annualized 1.5% over the five years through 2029 to total $7.6 billion. Market shares are expected to increase towards franchise chain companies, which are encouraged by the Government. The industry's concentration level will rise, but still stay low. Customers will likely prefer high-end services, due to their increasing purchasing power. Furthermore, O2O platforms are projected to become a major channel for both consumers and industry practitioners in the industry.
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IBISWorld's research coverage on the In-Home Care & Other Household Services industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released November 2024.
The In-Home Care & Other Household Services industry in China operates under the industry code 8210. 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. Related terms covered in the In-Home Care & Other Household Services industry in China include o2o, daily housework and aging society.
Products and services covered in In-Home Care & Other Household Services industry in China include Nanny services, Bed care and accompanying services and Daily housekeeping services.
Companies covered in the In-Home Care & Other Household Services industry in China include Shanghai Aijun Family Services Co., Ltd., Xiamen Small Yuja Housekeeping Co., Ltd. and Shenzhen Zhongjia Daojia Housekeeping Group Co., Ltd.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the In-Home Care & Other Household Services industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the In-Home Care & Other Household Services industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the In-Home Care & Other Household Services industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the In-Home Care & Other Household Services industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the In-Home Care & Other Household Services industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the In-Home Care & Other Household Services industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the In-Home Care & Other Household Services industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the In-Home Care & Other Household Services industry in China.
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The market size of the In-Home Care & Other Household Services industry in China is $7.1bn in 2026.
There are 10,951 businesses in the In-Home Care & Other Household Services industry in China, which has declined at a CAGR of 7.2 % between 2019 and 2024.
The In-Home Care & Other Household Services industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
The In-Home Care & Other Household Services industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
The market size of the In-Home Care & Other Household Services industry in China has been declining at a CAGR of 4.7 % between 2019 and 2024.
Over the next five years, the In-Home Care & Other Household Services industry in China is expected to grow.
The biggest companies operating in the In-Home Care & Other Household Services industry in China are Shanghai Aijun Family Services Co., Ltd., Xiamen Small Yuja Housekeeping Co., Ltd. and Shenzhen Zhongjia Daojia Housekeeping Group Co., Ltd.
Nanny services and Bed care and accompanying services are part of the In-Home Care & Other Household Services industry in China.
The company holding the most market share in the In-Home Care & Other Household Services industry in China is Shanghai Aijun Family Services Co., Ltd..
The level of competition is high and increasing in the In-Home Care & Other Household Services industry in China.