Malaysia Online On-demand Home Services Market Share is Expected to Increase by USD 50.49 Billion From 2020 to 2025
The online on-demand home services market share in Malaysia is likely to post an incremental growth of USD 50.49 billion, accelerating at a CAGR of 55.29% during the forecast period. Technavio's research provides a detailed analysis of the market segments and geographic landscape. It also offers insights into the various growth factors and challenges that are likely to have a negative impact on market growth. Unlock Free Sample Analysis Report
Online On-demand Home Services Market In Malaysia: Market Segments and Growth Forecasts
Technavio's research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- The online on-demand home services market is segmented by service (home care and design, repair and maintenance, HWB, and others) and platform (mobile applications and online website).
- The growth of the market by the home care and design segment will be significant during the forecast period.
- Factors such as the rise in the number of vendors offering home care and design services will contribute significantly to the growth of the online on-demand home services market in Malaysia.
- The online on-demand home services market report in Malaysia provides an accurate prediction of the contribution of all the geographic segments.
Online On-demand Home Services Market In Malaysia: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- The advantages of online on-demand home services will be a significant factor in driving the growth of the online on-demand home services market in Malaysia.
- The rising number of advertising and marketing campaigns is the major online on-demand home services market trend in Malaysia which will positively influence the market growth.
- The increasing internet penetration will be instrumental in driving the market growth during the forecast period.
- The high competition among vendors is a hurdle that needs to be crossed on the path to success.
Online On-demand Home Services Market In Malaysia: Vendor Analysis
The market is fragmented due to the presence of several players. Some of the major online on-demand home services market vendors in Malaysia are:
- ADVANCE DREAMS VENTURE Sdn Bhd
- Breezy Clean Homes
- Business Pixel Sdn Bhd
- Clinfess Enterprise
- EasyFix
- Grab Maid Tech Sdn Bhd
- Kaodim
- LocalService Malaysia
- M4U SERVICES Sdn Bhd
- Maideasy Sdn Bhd
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerating at a CAGR of 55.29%.
- What is the incremental growth of the market?
The market is expected to grow by USD 50.49 billion.
- What is a key factor driving this market?
The advantages of online on-demand home services will drive market growth over the forecast period.
- Who are the leading market vendors?
The leading vendors in this market are ADVANCE DREAMS VENTURE Sdn Bhd, Breezy Clean Homes, Business Pixel Sdn Bhd, Clinfess Enterprise, EasyFix, Grab Maid Tech Sdn Bhd, Kaodim, LocalService Malaysia, M4U SERVICES Sdn Bhd, and Maideasy Sdn Bhd
- What are the market segments covered in this report?
The market is segmented by service (home care and design, repair and maintenance, HWB, and others) and platform (mobile applications and online website).
