Global On-Demand Home Services Market Set to Surge: New Report Forecasts USD 13.5 Billion Valuation by 2030

The latest market research report, now published at Mark & Spark Solutions, highlights a dynamic era for the On-Demand Home Services Market, projecting robust growth driven by innovation, consumer preferences, and increasing digital adoption. According to the findings, the market was valued at USD 5,169 Million in 2023 and is forecasted to soar to USD 13,478 Million by 2030, registering a substantial compound annual growth rate (CAGR) of 15.2% from 2024 to 2030.

To study the complete report at: https://marksparksolutions.com/reports/on-demand-home-services-market

❖ Market Overview
The On-Demand Home Services Market encompasses a broad spectrum of services, including cleaning, plumbing, electrical repairs, landscaping, pest control, and wellness offerings that consumers can conveniently access via mobile apps or online platforms. This sector is increasingly favored for its ability to provide rapid, flexible, and seamless solutions to homeowners and tenants seeking efficiency and time savings.

❖ Growth Drivers and Key Trends
Several factors are propelling this market's remarkable expansion:
▸ Rising Urbanization and Busy Lifestyles: Urban populations and hectic schedules are fueling demand for swift, reliable home services.
▸ Technology & Digital Penetration: High rates of internet and smartphone usage allow consumers to easily discover, compare, and book services.
▸ Disposable Income Growth: Increased spending capacity has enabled more consumers to opt for premium and value-added home services.
▸ COVID-19 Impact: Prolonged periods at home have heightened awareness around home maintenance, hygiene, and comfort.
▸ Innovations in Service Delivery: The emergence of real-time tracking, subscription models, digital payments, and AI-driven platforms enhances the booking and fulfillment process.

❖ Market Segmentation Insights
The On-Demand Home Services Market is segmented by service type, provider, customer type, and delivery model:
1. By Service Type:
▸ Home Repair Services: The dominant category, accounting for 25% of global market share in 2023, and encompassing plumbing, electrical fixes, HVAC servicing, and general maintenance. The urgency and routine nature of these services ensure sustained high demand.
▸ Other Segments: Home cleaning, appliance repair, landscaping and lawn care, pest control, and specialized wellness offerings remain significant, though often face competition from localized service providers and demonstrate seasonal or geographic variability.
2. By Service Provider: Both independent contractors and large platform-based companies compete intensely, driving fragmentation and price sensitivity in some segments.
3. By Customer Type: Residential accounts for the largest share, though commercial applications are on the rise.
4. By Delivery Model: Online platforms dominate, with hybrid and offline frameworks still relevant in emerging or rural markets.

Download a free sample report here: https://marksparksolutions.com/sample-reports?217&Download_Free_Sample

❖ Regional Analysis
▸ In 2023, North America accounted for the largest share of the market, contributing 44.63% to the global total. The region benefits from high internet and smartphone penetration, fast-paced lifestyles, advanced digital infrastructure, and ongoing innovation by major players.
▸ The North American market was valued at USD 2,306 Million in 2023, with expectations to reach USD 6,166 Million by 2030-delivering a market-leading CAGR of 15.6% over the forecast period.
▸ Widespread adoption of technology, a culture of convenience, and strong competition among digital platforms enable the region to set benchmarks and continually expand its service offerings, encompassing everything from traditional repairs to luxury home support and wellness.

❖ Market Dynamics
▸ Convenience and Flexibility: Users enjoy booking diverse professional services at their preferred times, with options for same-day or next-day delivery. This flexibility appeals to modern consumers seeking stress-free solutions.
▸ User-Friendly Platforms: Easy navigation, transparent pricing, and real-time service tracking have become expected features, enhancing customer satisfaction.
▸ Challenges: Despite robust growth, intense competition and price sensitivity-especially among local and global digital platforms-pose profitability challenges. Security and regulatory concerns also necessitate ongoing innovation and investment.

❖ Opportunities and Future Outlook
▸ Service Expansion and Integration: There are growth opportunities in allied services, such as smart home technology installations, wellness solutions, and eco-friendly offerings.
▸ Geographic Expansion: Untapped markets remain in regions with lower digital adoption or underserved rural populations.
▸ Strategic Partnerships: Collaboration with real estate and property management firms provides avenues for bundled and subscription-based services.
▸ AI and Automation: Advanced scheduling, smart recommendations, and predictive maintenance powered by AI are emerging as key differentiators.

Ask for a discount here: https://marksparksolutions.com/sample-reports?33&Ask_for_Discount

❖ Competitive Landscape
Key players operating in the industry include Amazon.com Inc., Angi Inc., TaskRabbit Inc., Helpling GmbH, ServiceMaster Company LLC, HomeServe Plc, Task Easy, Thumbtack, HomeAdvisor, Urban Company, and several others. These companies compete on innovation, breadth of offerings, and the ability to deliver seamless customer experiences.

❖ Key Highlights
▸ By 2030, the market size is expected to hit USD 13,478 million, growing at a CAGR of 15.2%.
▸ With 44.63% of the overall share, North America not only leads the market but is also witnessing the quickest growth at a CAGR of 15.6%.
▸ Home Repair Services lead service segmentation at 25% share.
▸ Digital innovation and convenience are core value drivers.

For further customizations write your queries at: sales@marksparksolutions.com

Mark & Spark Solutions
3rd Floor, Panchsheel Park, Aundh,
Pune - 411067, India.
sales@marksparksolutions.com
+1-585-374-1088, +91-9158340999

Mark & Spark Solutions (Wholly Owned by ITvia Data Solutions) is a leading market research consulting firm dedicated to empowering businesses with insightful strategies and solutions for success. Rooted in a commitment to excellence and fueled by innovation, we have become a trusted partner for companies across diverse industries. Our expertise in market dynamics, consumer behavior, and industry trends enables us to provide actionable intelligence that drives growth, refines strategies, and enhances brand performance.
Our team of seasoned researchers, analysts, and consultants collaborates closely with clients to deliver tailored solutions that meet their unique needs. Through our syndicated market research reports, custom market analysis, and strategic consulting services, we provide the insights and expertise that help businesses thrive in competitive markets.

This release was published on openPR.