Online On-demand Home Service Market Size, Share, Trends, Opportunities Analysis, and Forecast Report by 2026
According to Facts & Factors, the global online on-demand home service market size is expected to surpass around US$ 1320 million in 2019 to US$ 7280 million by 2026 and is expanding growth at a registered CAGR of 28% from 2019 to 2026.
The economic activity of providing online on-demand home services is the activity carried out by technology companies to satisfy customer demand in a timely manner. It is now possible to shop anywhere in the world, regardless of location, thanks to the increasing availability of mobile apps and the widespread use of the internet. The current global internet penetration rate is approximately 55.1%, and it is increasing at a rapid rate due to urbanisation and advancements in technology. According to internet world stats, this trend will continue. In addition to the factor described above, the availability of multiple options on a single platform, simple booking and payment options, and extended varieties and discount options in comparison to offline shopping are all factors that are acting as fuel to the lamp for this market.
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The increase in the number of people who own smartphones and the growing popularity of using the internet to find professional services are two of the high-impact rendering factors that are propelling the market’s expansion at a breakneck speed. According to a report by Delloite on the trends of global mobile consumers, 80% of the world’s population now possesses smartphones, and of this group, approximately 30% of the population uses their smartphones to make in-store and online purchases of products. On the other hand, data theft is a major concern for online service providers, which impedes the growth of the market. Nevertheless, order-specific delivery and the ability to save time are two of the factors that have the potential to drive market growth in the years to come.
The global market for online on-demand home services is broken down according to the type of service and the type of service. The market for online on-demand home services can be classified as either cellular or non-cellular, depending on the delivery method. Food delivery, retail, healthcare, media & entertainment, beauty, carpentry, home welfare, and other services are some of the categories that are included in the global online on-demand home service market’s service categories. Laundry, lawn care, house cleaning, house painting, electrician, plumbing, construction and renovation, and other categories make up the subsets of the home welfare market segment.
In 2018, the food segment had the largest share of the market in terms of revenue. On the other hand, it is anticipated that the home welfare segment will see the highest CAGR during the period under consideration. The expansion of the online on-demand food delivery service can be attributed, in large part, to food delivery services that are centred on orders, as well as to easy accessibility and convenience.
Amazon Web Services (AWS), Walmart, The Home Depot, Flipkart, Handy, Netflix, Hello Alfred, YourMechanic, ebay, HomeAway, Helpling, Zaarly, Airtasker, AskForTask, CLEANLY, Laurel & Wolf, and ServiceWhale are among the significant players in the market for online on-demand home services. Other significant players in the market include Laurel & Wolf and ServiceWhale.
This report segments the online on-demand home service market as follows:
By Type Segment Analysis
By Service Segment Analysis
- Media & Entertainment
- Home Welfare
- Lawn Care
- House Cleaning
- House Painting
- Construction & Renovation
Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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