Project Description
Market Opportunity Assessment for Bespoke Concierge and Lifestyle Services Globally
- Concierge services market is expected to grow at a rate of 5.7% during 2022-2025, mainly driven by the increasing numbers of ultra-high Net Worth Individuals and millionaires.
- Concierge service providers offer number of services, however, each provider has some core expertise on one of these services, which is based on their customer segment, for example Knightsbridge Circle promotes luxury lifestyle as its main strength.
- Lifestyle management, travel, ticketing, luxury and consumer goods, are some of the popular services provided by the concierge service providers.
- Market is highly concentrated as top 7 companies account for 80% of the market; however, each of the company has different customer segment and service expertise, and hence offer a silver lining for new entrant.
- Positive market outlook and the market is expected to witness MSD growth, mainly driven by rise in UHNI and HNIs.
Table of Content:
Statistics on the Concierge services, such as:
- Overall global demand over the past 5 years
- Average spends per consumer
- Total spends
- Most demanded services (Top 10) and total spend on service
- Approximate number of companies locally & regionally
- Other statistics you deem necessary
- Regional (GCC & Middle east) demand on concierge services
Key market players profiles
- This needs to include local (if any) and global players
- Their operating and business model
Strategic Recommendation for Market Entry into the GCC region