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Online On-demand Home Services Market Size, Key Players, Trend Analysis, Growth And Forecast To 2033
Online On-demand Home Services Market Overview
Online On-demand Home Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $9.03 billion In 2028 At A CAGR Of 14.3%.
The online on-demand home services market size has grown rapidly in recent years. It will grow from $4.64 billion in 2023 to $5.29 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to smartphone penetration, urbanization trends, changing consumer lifestyles, tech-savvy consumer base, entrepreneurial opportunities..
The online on-demand home services market size is expected to see rapid growth in the next few years. It will grow to $9.03 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to iot and smart home integration, rise of remote work, contactless and safe service options, ai-driven personalization, expansion of service offerings.. Major trends in the forecast period include contactless payment and digital transactions, focus on health and safety protocols, expansion to tier 2 and tier 3 cities, personalized service recommendations, rise of diy and remote guidance services..
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Online On-demand Home Services Market Major Segments
The online on-demand home services market covered in this report is segmented -
1) By Types: Cellular, Non-Cellular
2) By Platform: Web, Mobile
3) By End-User: Media And Entertainment, Carpentry, Food, Home Welfare, Beauty, Retail, Healthcare
Key Driver - Rise In Use Of Smartphones Drives Growth In Online On-Demand Home Services Market
The surging usage of smartphones is expected to boost the growth of the online on-demand home services market going forward. A smartphone refers to a portable electronic device that connects to a cellular network. People's daily lives depend heavily on smartphones because they offer a platform for an almost limitless array of services, hence, the surging usage of smartphones is expected to boost the online on-demand home services market. For instance, in June 2021, according to a report published by SimpleTexting, a US-based SMS marketing service that provides users with tools to create and execute text message marketing campaigns, Mississippi recorded 5.7 hours of mobile usage per day with an average of 86.2 days each month. It amounts to 40 hours a week spent on phones. Therefore, the surging usage of smartphones is driving the growth of the online on-demand home services market.
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Prominent Trend - Innovating Products In Online On-Demand Home Services Market
Product innovation is the key trend gaining popularity in the online on-demand home services market. Major companies operating in the online on-demand home services market are focusing on developing innovative products to gain a competitive edge in the market. For instance, in July 2021, Angi, a US-based online directory that connects consumers with local home service providers, from contractors to home cleaners, launched Angi Key, a new membership service. This service's unique feature is that it gives homeowners access to simple, dependable, and affordable home maintenance, improvement, and emergency repair. Members of Angi Key are eligible for savings on a huge variety of typical home improvement tasks. They may also browse, book, and purchase home services with the same ease as ordering delivery, hailing a cab, or making an online purchase.
Online On-demand Home Services Market Players
Major companies operating in the online on-demand home services market report are Amazon.com Inc., Angi Inc., Helpling GmbH, TaskRabbit Inc., The ServiceMaster Company LLC, AskforTask Inc., Handy Technologies Inc., TaskEasy Inc., ByNext Inc., Urban Company (previously UrbanClap) Technologies Pvt. Ltd., Paintzen Inc., Porch.com Inc., E Home Services Pte. Ltd., ServiceWhale Inc., Fixico B.V., Airtasker Pty Ltd., Zaarly Inc., Hello Alfred Inc., SERVIZ Inc., Homejoy Inc., Thumbtack Inc., HomeAdvisor Inc., Takl Inc., LawnStarter Inc., Lawn Love Inc., Plowz & Mowz Inc., YourMechanic Inc., Openbay Inc., Carvana Co., Turo Inc., Getaround Inc., Zipcar Inc., Silvercar Inc., Drizly Inc., Saucey Inc., Minibar Delivery LLC, Instacart Inc., Shipt Inc., Postmates Inc., DoorDash Inc., Grubhub Holdings Inc., Uber Technologies Inc., Caviar Inc., Seamless Holdings Corporation, EatStreet Inc. .
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Largest And Fastest Growing Region In The Market
North America was the largest region in the online-on-demand home services market in 2023. The regions covered in the online on-demand home services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Online On-demand Home Services Market Report Structure
3. Online On-demand Home Services Market Trends And Strategies
4. Online On-demand Home Services Market - Macro Economic Scenario
5. Online On-demand Home Services Market Size And Growth
…..
27. Online On-demand Home Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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