Home Services Market 2024-2028: Size and High competition among vendors; growth driven by the Type, Some of key Companies Positioned Strategically

The home services market size by Type (Home care and design, Repair and maintenance, HWB, and Others) and Geography (APAC, North America, Europe, South America, and Middle East and Africa), is forecast to increase by USD 6541.8 billion. The market is expected to grow at a CAGR of   40.34% between 2024 and 2028.

• The global home services market is characterized by robust competition among regional and international players, driven by strategic initiatives such as acquisitions, expansions, and marketing campaigns. This competitive landscape is anticipated to become even more intense due to the entry of new startups. However, the market's fragmentation, with a multitude of unorganized vendors, poses challenges. These vendors, despite numerous presence, struggle to maintain consistent service quality, transparency, and on-time performance. Such inconsistencies can potentially erode profit margins for businesses and lead to smaller players exiting the market.
• As a seasoned virtual assistant, I am pleased to provide insights into the Home Services Market. This sector encompasses a wide range of businesses offering installations, repairs, and maintenance services for residential properties. Market trends indicate a growing demand for smart home technology integration, energy efficiency solutions, and eco-friendly offerings. Businesses in this space must prioritize customer service, competitive pricing, and innovative technology to thrive.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• Amazon.com Inc.
• Angi Inc.
• AskforTask Inc.
• Frontdoor Inc.
• Gapoon Online Consumer Services Pvt. Ltd.
• Helpling GmbH and Co. KGA
• Home Depot Inc.
• Home Reno Pte. Ltd.
• Johns Lyng Group Ltd.
• MyClean Inc.
• Oneflare Pty Ltd.
• Paintzen Inc.
• Porch.com Inc.
• SC Pointer Systems Srl
• Super Home Inc.
• TaskEasy Inc.
• Taskrabbit Inc.
• The ServiceMaster Co. LLC
• Urbanclap Technologies India Pvt. Ltd.
• Zauba Technologies and Data Services Pvt. Ltd.

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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/