New Study Reports ” On-Demand Home Services Market 2021, Global Key Players Analysis, Share, Trends, Growth Status, Revenue Expectation Forecasts 2030″ has been Added. In terms of revenue, global on-demand home services market was valued at US$ 215.48 Bn in 2020 and is anticipated to grow at a CAGR of 23.69% over the forecast period. Some of the players operating in the on-demand home services market are Airtasker Pty. Ltd, AskforTask & Airzai, CLEANLY, Goodnest Ltd, Handy, HELLO ALFRED, Helpling, Housejoy, Laurel & Wolf, MyClean, Paintzen, Serviz.com, Inc., Super Clean Services, TaskEasy, Inc., TaskRabbit, Urban Company, UrbanYou, YourMechanic and Zaarly amongst others.
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This On-Demand Home Services report helps you effortlessly figure out brand awareness and perception of your brand and product among potential customers of the industry. Few aspects are kept into view while formulating this global On-Demand Home Services market report and include the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The report estimates 2021-2030 market development trends for industry. The On-Demand Home Services report puts on view significant product developments and tracks recent acquisitions, mergers and research in the industry by the key players.
Important Features that are under offering & key highlights of the report:
- Detailed overview of On-Demand Home Services market
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application etc
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of On-Demand Home Services market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards On-Demand Home Services market performance
- On-Demand Home Services Market player’s information to sustain and enhance their footprint
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The transformation in lifestyle with growing inclination towards digital, smart and consumer-centric technologies has evolved the traditional methods of outsourcing household chores. This change in customer requirements and expectations is bolstering on-demand business models in economies across continents to garner their potential for curated and tailored experiences to efficiently cater the changing requirement of the customers.
The fast-paced ecosystem in the urban areas has led to a hectic and busy lifestyle which is hampering the dedicated time for miscellaneous household activities, thus creating a demand for convenient access to delivery of household services. On-demand services are ideal solution for the people who seek a convenient, fast, and simple solution for basic activities including cleaning services, repair and maintenance, plumbing services and electrical services amongst others. On-demand services with their speed and convenience have accelerated trade and increased profitability for businesses. These services have overhauled the traditional business methods and techniques.
On-demand home services operates as a platform for hiring professionals to provide for household services such as carpentry, house cleanliness and home appliances repair amongst others. Greater accessibility to service providers, superior quality of service delivered from professionals and, evolution of digital payment methods have increased the adoption of on demand home services amongst urban populations. Moreover, the wide plethora of services being offered by multiple vendors is contributing towards the popularity of on-demand services among the masses. For instance, TaskRabbit is an online on-demand home services company which provides a wide array of services including grocery shopping and delivery, furniture assembly, lighting installation, handyman, painting and many others through website and mobile applications. Thus, the benefits of on-demand service delivery model to cater the evolving customer demands of urban population leading a hectic lifestyle, is driving the growth of global on-demand home services market.
The multi-channel service delivery of on-demand home services providers is attracting the attention of tech-savvy population. The traditional and conventional methods of identifying service providers are eventually becoming redundant. The busy lifestyle of the consumers and their orientation towards digital mediums has garnered the preference for online on-demand services. High number of young population acquire information and book services over the internet today. The growing proliferation of smartphones coupled with penetration of internet connectivity has boosted the adoption of on-demand home services across current generation.
For instance, a report released by International Telecommunication Union in 2019 stated that in 2019 more than 4 billion people had access to internet which accounts to 53% of the global population. The young generation being the largest consumer of the internet and smart devices, contribute highest demand in the on-demand home services market. The convenience, enhanced user experience, and other benefits of online channels for delivering on-demand home services has bridged the gap between offline and online services in a timely and efficient manner. Thus, rise in penetration of internet connectivity and smartphones has empowered larger section of population with access to on-demand home services.
Governments of various countries are adopting measures to support the adoption of digital channels by home services providers and establishing quality standards and norms for regulating the home services industry. For instance, in February 2019 the State Council of China urged market players in home services industry to adopt internet and other new technologies to cater the growing number of elderly people in country. This policy also offers some tax reductions for small players, thus contributing towards the development of home services industry. These on-going initiatives are creating positive impact on the growth of global on-demand home services market.
The growing need among consumers for professional and standardised services is driving the demand in the global on-demand home services market. Significant measures towards the provision of quality services are being observed across market participants, globally. For instance, Joboy of Serville Technologies Private Limited is an online on-demand home services platform which assigns skilled and certified workers for household chores and provides a warranty of up to 60 days on their services and repairs. This ensures high quality of service and customer satisfaction. Thus, the growing inclination of customers towards high quality offerings is anticipated to drive the global on-demand home services market in future years
The fragmented home services sector has caused irregularities in cost of services and availability of workers at the desired time. This has impacted the potential revenue generation of on-demand home service providers. The prevalence of unorganized sector in the industry is also restraining the market growth. However, substantial investments by small and medium enterprises are being observed in this space, which is anticipated to overcome these challenges and contribute towards positive growth of the market. For instance, start-ups such as Careem, WashMen, GetLaundry and others have emerged in the UAE which provide on-demand services such as scheduling pick-up and delivery of laundry. Thus, these emerging star-ups and SMEs are anticipated to economise on the potential opportunities, thereby supplementing the growth of global on-demand home services market.
The recent outbreak of COVID-19 pandemic has created high awareness for safety and hygiene practices by households to avoid the spread of this infectious disease. This has created reluctance among people to permit outsiders owing to the threat of virus contamination. Moreover, this has also redirected the consumer’s demand preferences towards standardized service providers for odd-jobs. On-demand home services providers are strategizing to tackle this crisis by introducing safety practices among their employees. For instance, the Urban Company has initiated measures such as partner awareness, use of sanitised and single-use equipment and others to ensure optimum hygiene levels. These factors are anticipated to boost the inclination of customers towards organized on-demand home service providers and boost the growth of global on-demand home services market in future years.
Global On-Demand Home Services Market:
By Service Type
- Cleaning Services
- Deep Home Cleaning Services
- Appliances Cleaning
- Repair & Maintenance Services
- Heating & Air Conditioning Repair Services
- Appliance Repair Services
- Car Repair & Parts Replacement Services
- Plumbing Services
- Electrical Services
- Painting Services
- Interior and Exterior Painting
- Wallpaper Installation
- Delivery Services
- Packaging and Relocation
- Beauty and Fitness
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key Pointers Covered in On-Demand Home Services Market Industry Trends and Forecast
- On-Demand Home Services Market Size
- On-Demand Home Services Market Standards and Changes
- On-Demand Home Services Market Trials in Different Regions
- On-Demand Home Services Market Requirements in Different Regions
- On-Demand Home Services Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competitiveness
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