Market Overview:
A concierge is a caretaker or assistant who helps people with different tasks. Concierge Services provide assistance to the customers by performing various tasks such as booking hotels, making restaurant reservations, arranging for spa services, recommending nightlife hot spots, booking transportation (train, airplanes, boats, etc.), coordinating porter service (luggage assistance request) on behalf of users. These services offer assistance using a knowledgeable and trained professional to perform administrative tasks and other work that requires corporate expertise and technical skills. The concierge services are being widely preferred by consumers to get to private events, fashion events, and sold-out sports events owing to the assurance of getting access.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Quintessentially Group (United Kingdom), Knightsbridge Circle (United Kingdom), John Paul Group (France), Pure Entertainment Group (Canada), MyConcierge (United Arab Emirates), The Fixer Lifestyle Group (United Kingdom), Velocity Mobile Ltd (United Kingdom), Sky Premium International (Singapore), Bon Vivant (United Kingdom) and The Billionaire Concierge (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Concierge Services Market Study:
Quintessentially Group (United Kingdom), Knightsbridge Circle (United Kingdom), John Paul Group (France), Pure Entertainment Group (Canada), MyConcierge (United Arab Emirates), The Fixer Lifestyle Group (United Kingdom), Velocity Mobile Ltd (United Kingdom), Sky Premium International (Singapore), Bon Vivant (United Kingdom) and The Billionaire Concierge (United Kingdom)
Concierge Services Market Segment Analysis
Scope | Sub-Segments |
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Assistance Insights | Transportation Assistance,Hotel/Restaurant/Café (HoReCa) Assistance,Entertainment Assistance,Shopping Assistance |
End User | Personal,Corporate |
Service Type | Domestic,International |
Influencing Trend:
Growing Trend of On-Demand Customized Services
Market Growth Drivers:
Efforts for Retaining Existing Customers Increased the Demand for Concierge Services, Demand for Personalized Services:” Mobile devices and internet have changed the way concierge’s services. Today, a person residing in the U.S. can ask his personal assistant residing in India to plan his trip to Egypt. All this can be done seamlessly with just one text message providing every consumer with their own personal concierge service to save time.” and Hotels Providing Concierge Services the Digital Way
Challenges:
Decreasing Services Cost
Restraints:
Less Adoption of Concierge Services
Opportunities:
Economic Development With Increasing Disposable Income, Growing Network and Partnership of Concierge Service Providers and Increasing Impact of Technology
Some of the other players that are also part of study are Stratton Amenities (United States), Premiere Concierge, Inc. (United States), Sodexo Group (France) and Aspire Lifestyles (United States). The Global Concierge Services market is gaining huge competition due to involvement of North America and European companies that constantly invest in research & development to meet market expectation with new innovation.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Concierge Services market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Concierge Services market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Concierge Services Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.