Research Expert: Sarah Overall
  • Published: Jun 2025
  • Pages: 150
  • SKU: IRTNTR73805

  • Latest News- Home Services Market: Home care and design is expected to lead the Type segment during 2025-2029

    The Home Services Market is being driven by Increasing urbanization

    The Home Services Market is expected to grow at a CAGR of 10.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1029.6 billion. The global home services market is experiencing a notable trend, with companies expanding their offerings to capture a larger market share. On March 1, 2023, Blinkit, a subsidiary of Zomato and a quick commerce platform, announced its entry into the home services sector. This strategic move includes services such as plumbing, electrical work, beautician services, and electronics repair. The initiative aims to diversify Blinkit's revenue streams and position it as a formidable competitor to established players like Urban Company, backed by Tiger Global. In another development, The Home Depot introduced a New Homeowners Hub on August 23, 2023, further intensifying the competition in the home services industry. 

    Get more information on Home Services Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • Home care and design
      • Repair and maintenance
      • HWB
      • Others
    • Deployment
      • Offline
      • Online
    • Service Provider Type
      • Independent Contractors
      • Small Businesses
      • Franchises
      • Large Enterprises
    • Business Model
      • Commission-Based Platforms
      • Subscription-Based Platforms
      • Direct Service Provision
    • Geography
      • North America
        • Canada
        • Mexico
        • US
      • Europe
        • Germany
        • UK
        • France
      • APAC
        • China
        • India
        • Japan
        • South Korea
      • South America
        • Brazil
      • Middle East and Africa

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Increasing urbanization
      • Rising disposable income
      • Aging housing infrastructure

      However, the market also witnesses some limitations, which are as follows:

      • Regulatory and compliance issues
      • Skilled labor shortage
      • Quality control and standardization

      Benefits of Buying Global Home Services Market Research Report by Technavio

      Rich Experience: 20+ years leading global market research, trusted insights across industries.

      Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

      Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

      Market Scope in Home Services Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      203

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 10.5%

      Market growth 2025-2029

      USD 1029.6 billion

      Market structure

      fragmentation

      YoY growth 2024-2025(%)

      9.9

      Key countries

      US, China, Germany, Japan, UK, India, Canada, Brazil, UAE, Australia, Saudi Arabia, France, South Korea, Mexico, US, China, Germany, UK, India, Canada, France, Japan, Brazil, and Australia

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      In the Home Services sector, companies like Ginger, One Medical, Zimmber, and Timesaverz are leading the charge in the mobile segment, offering services ranging from home cleaning and landscaping to maintenance, repair, and improvement activities. These digital platforms prioritize health and welfare, providing non-cellular solutions through Internet-based e-commerce platforms and cloud-based solutions. Smartphones and m-commerce platforms enable seamless access to virtual versions of physical entities like plumbing, electrical work, and remodeling services, powered by Microsoft Azure and other technological solutions.

      Market Research Overview

      The specialized consumer services market encompasses the revenue generated by providers offering residential services, home security, legal, personal, renovation and interior design, consumer auction, wedding, and funeral services. According to Technavio's market analysis, this global sector excludes consumer services categorized under casino and gaming, hotels, resorts, and cruise lines; leisure facilities; restaurants; and education services. The report focuses on the financial performance of specialized consumer service providers, including home cleaning, home security, legal, personal, renovation and interior design, consumer auction, wedding, and funeral service companies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

      Read News Read Less
      Interested in this report?
      Get your sample now!

    Safe and Secure SSL Encrypted

    Technavio

    • 2500 USD

    [5 reports/month/user]

    • 5000 USD

    close
    • Basic Plan [5000 USD/Year]:

      Single User
      Download 5 Reports/Month
      View 100 Reports/Month
      Add upto 3 Users at 625 USD/user

    • Teams Plan [7500 USD/Year]:

      5 User
      Download 5 Reports/Month/User
      View 100 Reports/Month/User
      Add upto 30 Users at 500 USD/user

    *You can upgrade to Teams plan at Subscription page

    close
    • Single:

      One user only.
      Quick & easy download option

    • Enterprise:

      Unlimited user access (Within your organization).
      Complimentary Customization Included

    *For Enterprise license, go to checkout page

    Technavio Get the report (PDF) sent to your email within minutes.