Press release
The Online On-demand Home Services Market To Drift Towards Exponentiation
Online On-demand Home Services Market
According to a new study by Persistence Market Research, the global online on-demand home services market generated a revenue of US$ 3.73 Bn in 2022. Worldwide demand for online on-demand home services is set to accelerate at 5.7% CAGR and top a market valuation of US$ 7 Bn by 2033.
The online on-demand home services market has experienced significant growth in recent years, driven by the increasing adoption of smartphones and the internet. This market encompasses a variety of services, including cleaning, plumbing, electrical, handyman, and lawn care services, which can be accessed and ordered through online platforms or mobile applications.
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Segmentation of Online On-demand Home Services Industry Research
Platform Type:
• Web
• Mobile
End Use:
• Media & Entertainment
• Carpentry
• Food
• Home Welfare
• Beauty
• Retail
• Healthcare
Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa (MEA)
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The key factors driving the growth of this market are the convenience and time-saving benefits of on-demand services, increasing urbanization, rising disposable incomes, and growing awareness about the benefits of outsourcing household tasks. North America dominated the online on-demand home services market in 2020, followed by Europe and Asia-Pacific. The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, owing to the increasing penetration of smartphones and internet connectivity.
The online on-demand home services market is highly competitive, with a large number of players offering similar services. To stay competitive, players in this market need to focus on providing high-quality services, offering competitive pricing, and expanding their service offerings to meet the changing needs of their customers.
Some of the leading players in the market include
• Amazon.com Inc.
• Angi Inc.
• AskforTask Inc.
• ByNext Inc.
• E Home Services
• Fixi Co. Ltd.
• Helpling GmbH and Co. KG
• Home Reno Pte. Ltd.
• HomeServe Plc
• Houzz Inc.
• MyClean Inc.
• Others
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About us:
The Consumer Goods team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs by offering expert analysis, actionable insights, and strategic recommendations. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer goods industry lucidly in 50+ countries for over a decade. We provide end-to-end research and consulting services; reach out to explore how we can help.
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