NEW
YORK, July 24, 2024 /PRNewswire/ -- The global
online on-demand home services market size is estimated to grow by
USD 15.11 trillion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 68.02% during the forecast period. Advantages of online
on-demand home services is driving market growth, with a
trend towards rising number of advertising and marketing
campaigns. However, lack of consumer understanding of
on-demand home services poses a challenge. Key market players
include Airtasker Pty Ltd., Alfred Club Inc., Amazon.com Inc., Angi
Inc., AskforTask Inc., ByNext Inc., Cedar Slate Home Services,
Eliza Brazil Cleaning Services, Helpling GmbH and Co. KG, Home Reno
Pte. Ltd., HomeServe Plc, Paintzen Inc., Super Home Inc.,
Taskrabbit Inc., The ServiceMaster Co. LLC, Up Your Home Services
Sdn Bhd, Urbanclap Technologies India Pvt. Ltd., Housejoy India
Pvt. Ltd., INFERVIZE HOME SERVICES Pvt Ltd., and MyClean Inc..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Service (Home care and
design, Repair and maintenance, Health wellness and beauty, and
Others), Platform (Mobile application and Website), and Geography
(APAC, North America, Europe, South America, and Middle East and
Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Airtasker Pty Ltd.,
Alfred Club Inc., Amazon.com Inc., Angi Inc., AskforTask Inc.,
ByNext Inc., Cedar Slate Home Services, Eliza Brazil Cleaning
Services, Helpling GmbH and Co. KG, Home Reno Pte. Ltd., HomeServe
Plc, Paintzen Inc., Super Home Inc., Taskrabbit Inc., The
ServiceMaster Co. LLC, Up Your Home Services Sdn Bhd, Urbanclap
Technologies India Pvt. Ltd., Housejoy India Pvt. Ltd., INFERVIZE
HOME SERVICES Pvt Ltd., and MyClean Inc.
|
Key Market Trends Fueling Growth
Vendors in the global online on-demand home services market are
utilizing marketing and advertising efforts to expand their
customer base and ensure customer satisfaction. Strategies include
customizing services to meet individual needs, offering cashback
options and gift coupons, and providing discounts for first-time
and frequent orders. Amazon Home Services guarantees customer
happiness with its Happiness Guarantee, compensating customers if
services fail to meet expectations. These marketing tactics, along
with new advertisement campaigns, are expected to fuel market
growth during the forecast period.
The Online On-demand Home Services market in Riyadh and Baheya is booming, with companies
like Wrench and Oneflare leading the way. Patent-based analysis
shows advanced innovations in open innovation, including home
automation and contactless service. Emerging players are
capitalizing on urbanization trends and tech-savvy consumer
lifestyles, offering personalized service through flexible work
paradigms. M&A activities continue, with cellular modality and
non-cellular modality providers merging for increased efficiency.
Home welfare and smartphone penetration drive growth, with
AI-driven personalization and remote guidance services becoming
increasingly popular. Contactless and safe service, including
contactless payment and digital transactions, are key safety
protocols. Entrepreneurial opportunities abound in this market,
with remote work and personalized recommendations becoming the new
norm.
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Market Challenges
- On-demand home services offer convenience and efficiency,
but misaligned consumer expectations can hinder market growth.
Consumers may not fully grasp the terms of service, pricing models,
or the overall process, leading to dissatisfaction. Security
concerns and data privacy policies are also important
considerations. Lack of awareness about these aspects can prevent
consumers from adopting on-demand platforms. Effective
communication and marketing are crucial to address these concerns
and promote the benefits of on-demand services. Failure to do so
may result in resistance from traditional service providers and
slow market penetration. Consumers require clear information about
the advantages of on-demand home services and how to use these
platforms effectively. This understanding is essential to foster
seamless adoption and drive growth in the global online on-demand
home services market.
- The Online On-demand Home Services market is experiencing
significant growth due to smartphone penetration, urbanization
trends, and tech-savvy consumers. Entrepreneurial opportunities
abound as homeowners, property managers, and consumers seek
convenient, contactless, and safe solutions for plumbing,
electrical repairs, landscaping, home improvement, and wellness and
beauty services. Service providers can reach a wider audience
through digital platforms like Angi
Key, Thumbtack, LawnStarter, and Lawn Love. Remote work and
flexible pricing structures, including hourly rates, flat fees, and
subscription-based models, are driving innovation. Home
technologies, such as AI-driven personalization and remote guidance
services, enhance the customer experience. Contactless payment and
digital transactions ensure safety, while safety protocols
prioritize consumer well-being. Industry verticals, including
mobile and desktop segments, continue to expand, offering diverse
service offerings.
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challenges - Download a Sample Report
Segment Overview
This online on-demand home services market report extensively
covers market segmentation by
- Service
- 1.1 Home care and design
- 1.2 Repair and maintenance
- 1.3 Health wellness and beauty
- 1.4 Others
- Platform
- 2.1 Mobile application
- 2.2 Website
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Home care and design- The home care and design
segment of the online on-demand home services market generates
revenue through services like interior designing, pest control,
cleaning, laundry, deep cleaning, sofa masonry, woodwork,
waterproofing, glasswork, and carpentry. This segment is fragmented
with numerous small and large players providing a wide array of
home care and design services. For instance, TaskRabbit Inc. Offers
house cleaning and furniture assembly, Helpling GmbH & Co. KG
provides cleaning and furniture assembly services in multiple
cities, Cleanly Inc. Specializes in laundry and dry-cleaning,
Serviz.com Inc. Offers various cleaning services, and Amazon.com
Inc. Provides deep cleaning, carpet cleaning, tile cleaning, grout
cleaning, and gutter cleaning. Vendors in this segment are
expanding their businesses, such as TaskRabbit's entry into
Jacksonville, Memphis, and New
Haven in June 2021. The
increasing number of vendors and business expansions will
significantly contribute to the growth of the global online
on-demand home services market.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The Southeast Asia online
on-demand home services market is rapidly expanding, driven by
increasing smartphone penetration and consumer preference for
convenience. In the global print-on-demand market demand is soaring
due to customization trends and e-commerce growth. This market is
projected to grow due to its rising significance in personalized
consumer products.
Research Analysis
The Online On-demand Home Services Market is experiencing
significant growth due to several factors. Smartphone penetration
has made it easier for consumers, homeowners, property managers,
and service providers to connect and schedule services in
real-time. Urbanization trends and consumer lifestyles have led to
an increased demand for convenient and tech-savvy solutions for
home repairs and improvements. Entrepreneurial opportunities abound
as service offerings expand beyond traditional plumbing, electrical
repairs, and landscaping to include home improvement projects.
Remote work and the need for contactless and safe services have
further accelerated the adoption of online on-demand home services.
AI-driven personalization ensures that consumers receive customized
recommendations based on their unique needs and preferences.
Contactless payment options ensure a seamless and secure
transaction process. Overall, the Online On-demand Home Services
Market offers a wealth of opportunities for both consumers and
service providers.
Market Research Overview
The Online On-demand Home Services market is experiencing
exponential growth, driven by smartphone penetration, urbanization
trends, and tech-savvy consumers. With the rise of remote work and
contactless services, this industry offers significant
entrepreneurial opportunities. AI-driven personalization and
digital transactions enable contactless and safe service offerings,
including plumbing, electrical repairs, landscaping, home
improvement, repair and maintenance, wellness and beauty, and more.
Service providers cater to homeowners, property managers, and
consumers through subscription-based models and flexible pricing
structures, such as hourly rates, flat fees, and square footage.
Emerging players like Baheya, Riyadh, Wrench, Oneflare, and others are
disrupting traditional home services with advanced innovations like
patent-based analysis, open innovation, and home technologies. The
market is diverse, encompassing various industry verticals, from
mobile and desktop segments to home automation and personalized
recommendations. Remote guidance services and flexible work
paradigms are also gaining popularity, offering consumers
convenient and efficient solutions. Safety protocols and
contactless payment methods ensure peace of mind during
transactions. Overall, the Online On-demand Home Services market is
transforming the way we maintain and improve our homes, offering a
more personalized, convenient, and safe experience.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Service
-
- Home Care And Design
- Repair And Maintenance
- Health Wellness And Beauty
- Others
- Platform
-
- Mobile Application
- Website
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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