NEW YORK, July 4, 2022 /PRNewswire/ — The size of the online on-demand home services market is expected to increase by $4.75 billion from 2021 to 2026, progressing to a CAGR of 60.77% according to Technavio’s latest market report. Rising number of advertising and marketing campaigns is one of the major trends in the online on-demand home services market that will contribute to the growth of the market. Currently, the vendors operating in the global on-demand online home services market are focusing on launching advertisement campaigns through various platforms to create customer awareness and maintain a strong customer base. They started using various strategic marketing tools to grab customers’ attention. For example, Amazon Home Services guarantees its quality of services under the Happiness Guarantee. If the company fails to provide quality service, it pays a sum as compensation. Thus, the emphasis on the launch of new advertising campaigns by the vendors is expected to drive the growth of the global on-demand online home services market during the forecast period.

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Online on-demand home services market: market dynamics

• Driver: One of the major drivers of market growth is the benefits of on-demand online home services.

• Challenge: Factors such as high competition among vendors will hamper the growth of the market.

Online On-demand Home Services Market: Vendor Analysis

• The market for online on-demand home services is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market.

• The Online On-demand Home Services Market report also offers insights on several market vendors including Amazon.com Inc., Angi Inc., AskforTask Inc., ByNext Inc., E Home Services, Fixi Co. ltd. and Helpling GmbH and Co. KG, Home Reno Pte. Ltd., HomeServe Plc, Houzz Inc., MyClean Inc., Oneflare Pty Ltd., Paintzen Inc., Porch.com Inc., Super Home Inc., TaskEasy Inc., TaskRabbit Inc., The ServiceMaster Co. LLC, Up Your Home Services Sdn Bhd and Urban Co. among others.

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The story continues

On-demand Online Home Services Market: Segmentation Analysis

Service landscape

• On-demand online home services market share growth home care and design segment will be important for revenue generation.

• The Home Care and Design segment generates revenue from services such as interior design, pest control and others. The segment is fragmented by numerous small and large players operating in the market, which offer a wide range of home care and design services.

• For example, in June 2021the American company TaskRabbit has launched its operations in three American cities, including Jacksonville, Memphis, and New Haven. Thus, an increase in the number of vendors offering home care and designing services, coupled with the growing expansion of business in the segment, will contribute significantly to the growth of the global on-demand online home care market. during the forecast period.

Geography Landscape

• 42% of market growth will come from APAC during the forecast period.

• China and India are the major markets of the Asia-Pacific online on-demand home services market. Market growth in this region will be faster than market growth in other regions.

• The growing number of smartphone and internet users will facilitate the growth of the on-demand online home services market in APAC region during the forecast period.

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Prepare for great business results with this exclusive Online on-demand home services market Technavio report. The report will include highlights of the overall market, which includes frequently asked questions such as –

• What are the historical revenue figures and estimated revenue figures along with the CAGR during the forecast period?

• What is the current trend in the market?

• What are the business tactics that will influence the competitive scenarios while defining the growth potential of the market?

• What are the market drivers, restraints, and challenges impacting market demand and growth?

• Which regions and segments will generate massive revenue and emerge as market leaders in the coming years?

The competitive scenario predicted in the Online on-demand home services market report analyzes, evaluates and positions companies based on various performance indicators. Some of the factors taken into consideration for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc. your business goals with our Online On-demand Home Services Market Forecast Report – Buy now!

Related reports:

• The home services market The market share is expected to grow to reach USD 5.14 trillion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 36.21%.

• The buy now pay later the growth momentum will accelerate to a CAGR of 29.36% and the market share will increase to USD 41.83 billion from 2021 to 2026.

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Service

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

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