Online On-demand Home Services Market Size to grow by USD 15112.55 billion between 2024-2028
According to a research report “ Online On-demand Home Services Market” by Service (Home care and design, Repair and maintenance, Health wellness and beauty, Others) Platform (Mobile application, Website) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 15112.55 billion, at a CAGR of 68.02% during the forecast period. The global online on-demand home services market caters to the digital marketplaces that provide businesses with easy access to a multitude of home services. This sector's growth is driven by the significant convenience and accessibility it offers consumers. Key advantages include a unified platform for various home service options, streamlined service selection, and increased efficiency. The market's steady expansion is a testament to its ability to meet the evolving needs of modern consumers and businesses alike..
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By Service, the Home care and design segment is projected to dominate the market size in 2024
The online on-demand home services market encompasses a range of businesses offering various services, including interior design, pest control, cleaning, laundry, deep cleaning, sofa masonry, woodwork, waterproofing, glasswork, and carpentry. Key players in this sector include TaskRabbit, providing house cleaning and furniture assembly, Helpling with cleaning and furniture assembly services in multiple cities, and Cleanly, specializing in laundry and dry-cleaning. This market is characterized by a multitude of small and large companies catering to diverse home care and design needs.
By Platform, Mobile application segment is expected to hold the largest market size for the year 2024
In the burgeoning Online On-demand Home Services Market, mobile applications serve as essential platforms for vendors to deliver convenient, schedule-friendly home services. Users must initially download these applications to secure appointments from available time slots. Charges are disclosed post-service selection. Ratings from customers ensure service quality, while payment options include both online and offline methods. Geolocation integration streamlines the process by connecting users with nearby service providers, thereby optimizing service availability in their proximity.
APAC is forecasted to hold the largest market size by region in 2024
The online on-demand home services market in APAC is experiencing significant growth, driven by the expanding base of smartphone and internet users in key countries such as China, Japan, and India. In China, the number of active internet users reached an impressive 939.8 million in December 2020, marking a substantial increase from 670 million in December 2015. India's internet user population grew from approximately 795.18 million in 2020 to 825.30 million in March 2021. These trends underscore the immense potential for businesses operating in the online on-demand home services sector in APAC.
The Online On-demand Home Services Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
In today's urbanized consumer lifestyles, the demand for convenient and contactless home services has surged. Homeowners and renters alike seek the assistance of service providers in areas such as home improvement, landscaping, electrical repairs, and plumbing. The online on-demand home services market caters to this need, offering tech-savvy solutions for property managers and consumers. Service offerings range from AI-driven personalization to ensure optimal results, to contactless and safe transactions through digital payment platforms. Entrepreneurial opportunities abound in this sector, as the market continues to grow with the trend of remote work and increasing smartphone penetration. Online on-demand home services encompass a wide range of home improvements and repairs, allowing homeowners to address issues promptly and efficiently. These services provide a valuable solution for consumers looking to maintain their properties while adhering to the safety guidelines of the current climate.
Market Research Overview
In the rapidly evolving landscape of home welfare services, online on-demand platforms have emerged as a popular choice for consumers seeking convenience and flexibility. These platforms offer a range of non-cellular modality and cellular modality services, including home automation, repair and maintenance, home improvement, landscaping, electrical repairs, and plumbing. MandA activities in this sector are driven by urbanization trends and the increasing penetration of smartphones and computers, enabling subscription-based models and flat fees or hourly rates pricing structures. Key players in this market include Oneflare, Wrench, Baheya, and others, providing personalized and contactless services in various industry verticals such as Wellness and Beauty. These platforms employ advanced innovations, including AI-driven personalization, safety protocols, and digital transactions, ensuring a contactless and safe experience for homeowners and consumers. Furthermore, the emergence of open innovation and patent-based analysis has created entrepreneurial opportunities for small businesses, enabling them to offer flexible work paradigms and remote guidance services. The future of online on-demand home services is bright, with an emphasis on tech-savvy consumer lifestyles and the continued growth of urbanization.
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