Hot Franchise Industries to Watch in 2021

Posted by FranSave on July 28, 2021

It may seem like a crazy time to buy a franchise given the pandemic. In 2020, a whopping 66% of franchisors were actively trying to make sales. As much as 90% of business and residential-services franchises continued to sign on new franchisees throughout the pandemic. You must carefully consider the short- and long-term impact of COVID if you want to invest in a franchise. At FranSave, we keep our ear to the ground, and we like what we are hearing about several hot industries.

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Every facet of the telework industry experienced growth during the height of the pandemic. The telehealth industry distributes healthcare information and services using technological advances. A McKinsey study found that telehealth utilization was 38 times higher even before the pandemic hit. They expect the industry to experience a $250 million shift post-pandemic.

Commercial Cleaning

Commercial cleaning services saw a reduction in contracts and revenue during the severe lockdowns. However, as life returns to some sort of normalcy, the need for thorough sanitization and cleaning arises. The commercial cleaning industry is expected to have an annual 6% growth and reach $74.3 million by 2022.

Courier and Local Delivery

Courier and local delivery services saw a boom during the coronavirus pandemic. With no one allowed to leave their homes, everyone became reliant on deliveries. The courier and local delivery industry is expected to grow 4% every year through 2023. It’s widely expected that people will continue using these services.

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