NEW YORK, Nov. 11, 2021 /PRNewswire/ — The latest global online on-demand home services market research report by Technavio infers that the flexibility for service providers in terms of working hours and working conditions are driving this market’s growth.
Resulting in a market growth of USD 4730.31 billion from 2020 to 2025, read additional information about the market. Fill the form and get a FREE sample report.
Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors operating in the market are adopting various marketing and growth strategies such as competitive pricing to compete in the market.
Alfred Club Inc., Amazon.com Inc., ANGI Homeservices Inc., AskforTask Inc., ByNext Inc., Helpling GmbH & Co. KG, MyClean Inc., ServiceWhale Inc., TaskRabbit Inc., and ServiceMaster Global Holdings Inc are some of the few key vendors of this market. Vendors are competing to maintain their market position in the market. To succeed in this market, vendors must focus on providing online on-demand home services at competitive prices.
Vendors are also trying to expand their market presence and strengthen their product portfolio by entering partnerships and launching new and innovative products.
For instance, In December 2020, Amazon.com Inc. expanded its strategic agreement with ViacomCBS to transform content creation and delivery
View more about the market’s vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
- Segmentation by Services:
- Home care and design :
- The segment contributed greatly to the overall market growth in 2020.
- Home care and design was the largest segment of the market in 2020 and will continue to remain as the largest segment of the market in 2025. The home care and design segment generate revenue from services such as interior designing, pest control, home deep cleaning, sofa cleaning, laundry services, glasswork, woodwork, waterproofing, masonry, and carpentry.
- Segmentation by Geography:
- APAC:
- In terms of Geography, maximum revenue will be originated from APAC during 2020.
- China and India are the key markets for online on-demand home services in APAC.
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Regional Market Outlook
APAC is leading the market with a contribution of 38% to the overall market in 2020 and would increase its contribution to a notable number of the global online on-demand home services market by 2025.
APAC will generate growth across all the years of the forecast period between 2020 and 2025.
South America would be the fastest-growing region within the overall market between 2020 and 2025.
Apart from regions, if we look at the country-wise market growth, the US, China, Germany, India, and the UK will contribute to the highest market growth.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Trends, Driving the Global online on-demand home services Market
- Online on-demand home services Market Driver:
- Rising educational surfing courses:
Online on-demand home services are gaining preference owing to their convenience and easy accessibility, flexibility for service providers in terms of working hours and working conditions, appointment scheduling, and ease of payment. Business opportunities are expansive, and hence, there is considerable scope for the entry of start-ups. Several startups are introducing attractive offers and interactive platforms to attract consumers. The increasing number of startups is expected to drive the growth of the online on-demand home services market during the forecast period.
- Online on-demand home services Market Trend:
- Increasing influence of digital media:
The increasing influence of digital media is one of the significant online on-demand home services market trends. Service visibility is one of the principal factors in the marketing strategies implemented by online on-demand home services providers. Several online on-demand home service providers are widely adopting digital media marketing strategies to increase their service visibility and promote sales. The social media platforms enable consumer engagement with popular brands and help in increasing consumer awareness about services offered by online on-demand home service brands.
Find additional information about various other market drivers & Trends mentioned in our FREE sample report.
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Online On-demand Home Services Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of over 70% |
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Market growth 2021-2025 |
USD 4730.31 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
37.00 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 38% |
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Key consumer countries |
US, China, Germany, India, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Alfred Club Inc., Amazon.com Inc., ANGI Homeservices Inc., AskforTask Inc., ByNext Inc., Helpling GmbH & Co. KG, MyClean Inc., ServiceWhale Inc., TaskRabbit Inc., and ServiceMaster Global Holdings Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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