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UAE On-Demand Home Services Market Size and Research 2022, CAGR Status, Growth Analysis, Key Manufacturers, Latest Trends, and Forecast Research Report 2026: Ken Research
For More Detail @ https://www.kenresearch.com/consumer-products-and-retail/consumer-services/uae-on-demand-home-services-industry/524051-95.html
The consumer spending has increased from XX bn to XX bn from 2019-2021. This reflects a shift to a better standard of living. People prefer to get the home services done by professionals rather than doing it themselves. Due to the busy schedule of the working women, they are unable to take care of their home, leading to an increase in the demand for home services. The UAE has the highest percentage of total female labor participation in the GCC (including expatriate women). The female labor force participation rate in the UAE is XX% in 2020.
UAE On-Demand Home Cleaning Services Market
The Government of the United Arab Emirates announced by decree on November 2020, that foreign investors can fully own local companies without the need for an Emirati sponsor. Earlier, foreign shareholders could own up to 49% of a locally registered company, with a local partner holding the 51%. UAE introduced a federal corporate tax of 9% on business earnings to be effective from June 1, 2023. Business profits of up to roughly USD 102,000 will not be taxed, in order to support small businesses and startups.
Currently, XX% of the industry is untapped as majority of these households have full time maids/contacts with other service workers from the unorganized sector; hence they do not prefer booking on-demand home services from marketplaces or service providers.
UAE On-Demand Home Services Market Segmentation, 2021
By Type of Services:
Cleaning services accounts for ~XX% of on-demand home services, in terms of number of bookings. Beauty services account for ~XX% of on-demand home services. There has been an increasing trend in the number of people (especially women) taking up these services, as there might not be a good salon in their locality. Majority of residential apartments, societies and complexes in UAE have contracts with repair and maintenance service providers, hence, people are not allowed to avail these on-demand repair and maintenance services.
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By Deployment:
Only XX% of the on-demand home services are booked and availed online. People prefer bespoke services, which are not easily available online, hence the offline model is still in demand in UAE. People are reluctant to try new service providers or marketplaces that provide online on-demand services. They would not want to shift from their old trusted service provider that still provide the traditional way of booking services.
By Geography:
Around XX% of on-demand services are availed by Dubai. Dubai residents have tapped the maximum market. Dubai has maximum of working population, as a result of which on-demand home services are in high demand. Abu Dhabi account for XX% of the market. Abu Dhabi constitutes of high income class population. People live in big bungalows or villas, hence, hire full time helpers or maids. Usually, these households get maids from their own countries.
Competitive Landscape in On-Demand Home Services Industry, 2021
UAE's On-Demand Home Services Industry is highly fragmented with presence of large number of service providers and marketplaces. Each service provider or marketplace has its own business USP, hence, it restricts the dominance of single player in the market. A notable shift in consumer preferences post COVID-19 has contributed in the emergence of on-demand home services industry. Marketplaces have rebranded itself to reflect their position as a top online marketplace and justify its service offerings. These services providers are marketplaces compete amongst each other on the basis of service offerings, price ranges, promotional discounts, service quality, geographical presence and brand value. The report provides comprehensive detail on the cross comparison of players in the on-demand home services ecosystem based on variety of parameters.
Future Outlook of On-Demand Home Services Industry, 2021-2026:
The market size of the on-demand home services industry is expected to grow at a five-year CAGR of XX% increasing from AED XX million in 2021 to AED XX million in 2026. It is anticipated that the penetration of the market will be fueled by increasing consumer spending and smartphone penetration, shift in consumer preference towards availing on-demand home services post COVID-19.
Key Topics Covered in the Report
Socio-economic Landscape of UAE
Evolution of UAE On-Demand Home Service Industry
Ecosystem of UAE On-Demand Home Service Industry
UAE On-Demand Home Service major entities Business Model
Market Size of On-Demand Home Services Industry by Revenue
Market Segmentation of On-Demand Home Services Industry by services, geography, deployment
Total Addressable, Serviceable Addressable Market of On-Demand Home Services Industry
Demand Drivers and Trends in On-Demand Home Services Industry
Consumer spending and preferences in the On-Demand Home Services Industry
Impact of COVID on demand and user preferences in the On-Demand Home Services Industry
Trends and Developments in On-Demand Home Services Industry
Porter's Analysis of the On-Demand Home Services Industry
Growth Drivers of the On-Demand Home Services Industry
Challenges faced in the On-Demand Home Services Industry
Government Rules and Regulations in the On-Demand Home Services Industry
Impact of COVID-19 on the On-Demand Home Services Industry
Comparison of Pre and Post COVID scenarios
Competitive Scenario of the On-Demand Home Services Industry
Competition in On-Demand Home Services Marketplace
Competition among On-Demand Home Services Providers
Case Study on Urban Company Business Model
Future Trends and Market Size of On-Demand Home Services Industry by Revenue
Future Market Segmentation of On-Demand Home Services Industry by type of services, geography, deployment
Industry speaks
Analyst Recommendations
Related Reports
https://www.kenresearch.com/consumer-products-and-retail/consumer-services/residential-cleaning-service/523262-95.html
https://www.kenresearch.com/consumer-products-and-retail/consumer-services/demand-services-market/513063-95.html#TOC
https://www.kenresearch.com/technology-and-telecom/it-and-ites/indonesia-on-demand-services-market/116748-105.html#TOC
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