Press release
Exploding Growth in Online On-demand Home Services Market: Market Size, CAGR, Key Players, and Trends
Riding the wave of digital transformation, the online on-demand home services market size is set to hit $5.95 billion in 2025 and expand to $10.4 billion by 2029.What Is The Projected Market Size Of The Global Online On-demand Home Services Market And Its Growth Rate?
The online on-demand home services market has seen impressive growth, attributable to smartphone technology, urbanization, and evolving consumer lifestyles. Here's a look at the growth trajectory:
• The market size rose rapidly and will increase from $5.24 billion in 2024 to $5.95 billion in 2025, fueled by smartphone penetration, urbanization trends, changing consumer lifestyles, tech-savvy consumer base and entrepreneurial opportunities.
• The market will explode to $10.4 billion in 2029 at a compound annual growth rate (CAGR) of 15.0%. The basis of this estimation is the potential integration with IoT and smart home technologies, a rise in remote work trends, contactless and safe service options, AI-driven personalization, and expanded service offerings.
What Is Driving The Growth In The Online On-demand Home Services Market?
The boom of smartphones is single-handedly propelling the online on-demand home services market, as these devices provide a platform for countless services, integrating with our daily lives. For example, it's reported that by 2025, around 65 million people in the UK will be smartphone users, indicating a significant potential market for online on-demand home services.
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Who Are the Key Players Driving Online On-demand Home Services Market Growth?
• Amazon.com Inc.
• Angi Inc.
• Helpling GmbH
• TaskRabbit Inc.
• The ServiceMaster Company LLC
• AskforTask Inc.
• Handy Technologies Inc.
• TaskEasy 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.
• Thumbtack Inc.
• HomeAdvisor Inc.
• LawnStarter Inc.
• Lawn Love Inc.
• Plowz & Mowz Inc.
• YourMechanic Inc.
• Openbay Inc.
• Instacart Inc.
• Shipt Inc.
• Postmates Inc.
• DoorDash Inc.
• Uber Technologies Inc.
What Are The Key Trends In The Online On-demand Home Services Market?
The key trends shaping the online on-demand home services market 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.
What Are The Segments Of The Global Online On-demand Home Services Market?
The online on-demand home services market is segmented by:
1) Types: Cellular, Non-Cellular
2) Platform: Web, Mobile
3) End-User: Media And Entertainment, Carpentry, Food, Home Welfare, Beauty, Retail, Healthcare
Which Region Leads The Online On-demand Home Services Market?
North America held the largest share of the online on-demand home services market in 2024. However, the market is globally widespread, with coverage in Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Online On-demand Home Services Market Global Market Report?
- Market Size Analysis: Analyze the Online On-demand Home Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Online On-demand Home Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Online On-demand Home Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Online On-demand Home Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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