Global On-Demand Home Service Market

Global On-Demand Home Service Market- By Type (Home Care & Design, Repair & Maintenance, Health, Wellness & Beauty, Home Tutoring, Others), By Deployment (Online and Offline), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.

Global On-Demand Home Service Market Overview:

On-demand home service refers to the business which has revolutionized consumers’ behavior and is changing the way of getting home services. The on-demand home-service platform is created by tech companies to fulfill users’ demands by providing goods and services in minimal time. The home services industry constitutes of plumbing, HVAC, flooring, landscaping, concrete, moving and storage services, and more.

Global On-Demand Home Service Market Insights

The global On-demand home service market expected to increase market value by USD 1800.82 billion with exponential CAGR in the forecast period from 2020-2027. The market demand for On-demand home service is rising at an impressive rate because of the changing lifestyle of the people, increasing working culture, and the prevalence of e-commerce platforms is a driving factor for the market.

With the improvement of people’s living standards, rising disposable income, and the availability of cheap internet packages and smartphone adoption has provided individuals the liberty to book various home services through smartphones or smart gadgets.

The on-demand services are becoming habits for consumers as they are getting comfortable with the idea of booking services and thus, driving the market share of the on-demand home service market. It will continue to bolster its market share in the forecast period.

Moreover, emerging technology such as Alexa and google contributes to the on-demand home service market as a customer can ask questions and get the recommendation of the product and, thus, order through apps. Also, the peaky price model is catering to the market value of the on-demand market. This model is based on increasing demand and acting as a middleman, anticipating the customer with the accessible and most available business to take care of one’s needs.

Furthermore, on-demand applications enable people to manage their household chores and tedious tasks, including cleaning, plumbing, painting, moving, and storage. On the other side, it provides a source of high and constant revenue to on-demand home services companies.

Growth Driver

Considerable Flexibility

The on-demand home service bolsters the opportunity of the consumer to enjoy multiple services on the same platform. Thus, it helps make the customer comfortable and provides convenience and flexibility to book the service using apps on their smartphones. On the other hand, service providers obtain the freedom to choose their working hours and conditions. This way, the On-demand home services platform is designed to benefit both customer and service providers to work according to their timing and flexibility.

Changing Lifestyle of People

The on-demand home service market has changed the traditional way of getting services done owing to the rising technology advancement around the globe. People’s changing lifestyle has led to busy schedules, which reduces their time to avail services by roaming around the market. Besides, with rising pollution levels in the environment, emerging contagious virus diseases have also fueled the market demand for home services on-demand. Moreover, on-demand home services are available at one platform and with skilled staff for each service. Thus, it helps in completing work efficiently and reduce the dependence on conventional marketing method.

By Type Segmental Analysis

Based on the type, the global on-demand home service market is segmented into Home Care & Design, Repair & Maintenance, Health, Wellness & Beauty, Home Tutoring, Others. The health, wellness & beauty segment estimated to dominate the maximum share of the global on-demand home service market. The increasing disposable income of the consumer and busy working schedule of people are contributing to fueling the market share for the on-demand health, wellness & beauty services. In addition, with attractive services and packages, emerging salon apps are influencing the working women to get doorstep salon services, which helps them save time and enhance their comfort zones.

Moreover, the home care & design segment has lucrative growth in the forecast period as this segment generates various services such as deep home cleaning, pest control, interior design, and others contributing to the on-demand home service market.

By Deployment Segmental Analysis

Based on deployment, the global on-demand home service market classified into Online and Offline. The online segment dominated the largest market share in the global on-demand home service market. Online on-demand home services encircle all digital marketplaces that offer expedient access to a wide range of home services. The online on-demand home services are gaining preference at a global level owing to their convenience and easily approachable, flexibility for service providers in terms of working hours and working conditions, appointment scheduling, and ease of payment. Additionally, business opportunities are expensive, and hence, there is considerable scope for the entry of start-ups. Also, most of the market vendors are providing attractive offers and interactive platforms to attract consumers.

By Region Segmental Analysis

Based on geography, the global on-demand home service market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is the world’s fastest-growing global on-demand home service market, accounting for the largest share. The market demand for on-demand home service in the Asia Pacific is rising due to the increasing influence of online-demand home service trends, rising consumer awareness for on-demand market services, and changing people’s lifestyles. Busy working schedule of the people is driving the market and adopting services through online medium.

Competitor Analysis

Companies such as Handy, Hello Alfred, Helpling, YourMechanic, Zaarly, Airtasker, AskForTask, CLEANLY, Laurel & Wolf, MyClean, Paintzen, SERVIZ, ServiceWhale, Taskbob, TaskEasy, and others are key players in the global on-demand home service market.

Key Stakeholders                                     

  • Market research and consulting firms
  • Industry associations
  • Global on-demand home service manufacturing companies
  • Research organizations and consulting companies’ on-demand home service Regulatory bodies

The objective of the Research

  • Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
  • Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
  • Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
  • Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
  • The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Type

  • Home Care & Design
  • Repair & Maintenance
  • Health, Wellness & Beauty
  • Home Tutoring
  • Others

By Deployment

  • Online
  • Offline

By Region

  • Europe
  • North America
  • Asia Pacific
  • South America
  • Middle East & Africa

Global On-Demand Home Service Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • Competitors & Product Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
  5. Global On-Demand Home Service Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Market Share & Forecast, 2016-2027
        • By Type
          • Home Care & Design
          • Repair & Maintenance
          • Health, Wellness & Beauty
          • Home Tutoring
          • Others
        • By Deployment
          • Online
          • Offline
        • By Region
          • Europe
          • North America
          • Asia Pacific
          • South America
          • Middle East & Africa
  1. Europe On-Demand Home Service Market Overview
    • Europe On-Demand Home Service Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Europe On-Demand Home Service Market Share & Forecast, 2016-2027
        • By Type
          • Home Care & Design
          • Repair & Maintenance
          • Health, Wellness & Beauty
          • Home Tutoring
          • Others
        • By Deployment
          • Online
          • Offline
        • By Country
          • Germany
          • UK
          • France
          • Italy
          • Rest of Europe
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Europe On-Demand Home Service Market
  1. North America On-Demand Home Service Market Overview
    • North America On-Demand Home Service Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • North America On-Demand Home Service Market Share & Forecast, 2016-2027
        • By Type
          • Home Care & Design
          • Repair & Maintenance
          • Health, Wellness & Beauty
          • Home Tutoring
          • Others
        • By Deployment
          • Online
          • Offline
        • By Country
          • US
          • Canada
          • Mexico
        • Company Market Share (Top 3-5)
        • Economic Impact Study on North America On-Demand Home Service Market
  1. Asia Pacific On-Demand Home Service Market Overview
    • Asia Pacific On-Demand Home Service Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Asia Pacific On-Demand Home Service Market Share & Forecast, 2016-2027
        • By Type
          • Home Care & Design
          • Repair & Maintenance
          • Health, Wellness & Beauty
          • Home Tutoring
          • Others
        • By Deployment
          • Online
          • Offline
        • By Country
          • China
          • India
          • Japan
          • Australia
          • Rest of Asia Pacific
        • Company Market Share (Top 3-5)
        • Economic On-Demand Home Service Market Overview
      • South America On-Demand Home Service Market Size & Forecast, 2016-2027
        • Demand
          • By Value (USD Million)
        • South America On-Demand Home Service Market Share & Forecast, 2016-2027
          • By Type
            • Home Care & Design
            • Repair & Maintenance
            • Health, Wellness & Beauty
            • Home Tutoring
            • Others
          • By Deployment
            • Online
            • Offline
          • By Country
            • Brazil
            • Argentina
            • Rest of South America
          • Company Market Share (Top 3-5)
          • Economic Impact Study on South America On-Demand Home Service Market
  1. Middle East & Africa On-Demand Home Service Market Overview
    • Middle East & Africa On-Demand Home Service Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Middle East & Africa On-Demand Home Service Market Share & Forecast, 2016-2027
        • By Type
          • Home Care & Design
          • Repair & Maintenance
          • Health, Wellness & Beauty
          • Home Tutoring
          • Others
        • By Deployment
          • Online
          • Offline
        • By Country
          • Saudi Arabia
          • UAE
          • South Africa
          • Rest of Middle East & Africa
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Middle East & Africa On-Demand Home Service Market
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • Handy
      • Hello Alfred
      • Helpling
      • YourMechanic
      • Zaarly
      • Airtasker
      • AskForTask
      • CLEANLY
      • Laurel & Wolf
      • MyClean
      • Paintzen
      • SERVIZ
      • ServiceWhale
      • Taskbob
      • TaskEasy
      • Other players