Major Group SIC 72 - Personal Services

SIC 72 - Personal Services

SIC 72 - Personal Services
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes establishments primarily engaged in providing services generally to individuals, such as laundries, drycleaning plants, portrait photographic studios, and beauty and barber shops. Also included are establishments operating as industrial launderers and those primarily engaged in providing linen supply services to commercial and business establishments.

Industry trends:

The Personal Services industry (NAICS 72) has been evolving rapidly, exhibiting several qualitative trends that are shaping its future. A significant trend is the increasing demand for personalized and holistic wellness experiences. Consumers are seeking services that go beyond traditional offerings, emphasizing mental health, relaxation, and overall well-being. This shift is likely driven by growing awareness of health and wellness, accelerated by the COVID-19 pandemic.

Another trend is the integration of technology in service delivery. Virtual consultations, online booking systems, and mobile apps are becoming standard, as they enhance customer convenience and expand service accessibility. Additionally, the use of data analytics and AI is helping businesses personalize offerings and improve customer satisfaction.

Sustainability and eco-friendly practices are becoming crucial differentiators in the industry. Consumers are increasingly favoring businesses that adopt green practices, from using organic products to implementing energy-efficient operations. This trend is expected to gain further traction as environmental awareness continues to grow.

Looking ahead, the Personal Services sector is forecasted to see continued growth in demand for premium and niche services. Businesses that can offer unique, high-quality experiences are likely to thrive. Moreover, as remote and hybrid work models persist, there will be an ongoing need for flexible scheduling and mobile services to cater to a more distributed clientele.

In summary, the future of the Personal Services industry will be characterized by personalization, technological integration, sustainability, and adaptability to changing consumer lifestyles and preferences. Businesses that embrace these trends are well-positioned to succeed in the evolving market landscape.

This industry is comprised of:

SIC 721 - Laundry, Cleaning, And Garment Services

SIC 722 - Photographic Studios, Portrait

SIC 723 - Beauty Shops

SIC 724 - Barber Shops

SIC 725 - Shoe Repair Shops And Shoeshine Parlors

SIC 726 - Funeral Service And Crematories

SIC 729 - Miscellaneous Personal Services

Explore related industries:

SIC 73 - Business Services SIC 79 - Amusement And Recreation Services SIC 87 - Engineering, Accounting, Research, Management, And Related Services

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