Online On-demand Home Services Market Trend Analysis Report by Platform (Web, Mobile), By Type (Home Cleaning (Garden And Lawn Mowing, Maids, Laundry, Car Wash, Pest Control, Others), Repairs And Maintenance (Plumbing, Electrical, Carpentry, Laptop Repair, Mobile Repair, Others), Health And Wellness (Beauty/Salon Services, Fitness Coach, Physiotherapy, Others), Others (Babysitting, Pet Care, Packing And Moving, Others)),& Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2030
Pages: 300 | Jun-2024 Formats | PDF | Category: Information Technology | Delivery: 24 to 72 Hours
Online On-demand Home Services Market overview
Online On-demand Home Services Market is expected to grow rapidly at a 16.8% CAGR consequently, it will grow from its existing size of from $ 7.10 Billion in 2023 to $ 19.70 Billion by 2030.
For Insights Consultancy presents an extensive market analysis report titled “Online On-demand Home Services Market Report 2024″providing businesses with an edge in competition by providing a thorough analysis of market structures with estimates for various segmentations and segments.
The report also focuses new trends, major drivers, challenges, as well as opportunities. The report provides all necessary information needed to thrive in the Online On-demand Home Services industry. This report is about Online On-demand Home Services market research provides a complete analysis, which includes a comprehensive analysis of the current and future trends in the market.
The home services on demand market has experienced significant growth over the last decade, driven by advances in technology as well as changing consumer habits. The market covers a broad variety of services, including plumbing, home cleaning appliance repair, electrical work and much more. They are all accessible via digital platforms and mobile apps.
The key players like TaskRabbit, Handy, and Thumbtack have emerged as leading platforms that connect consumers to service providers. They provide the convenience of reliability, security and transparency in service delivery. These platforms employ algorithms to connect users with professionals who are skilled based on their preferences and needs making it easier for searching for and scheduling services.
The growth of the market has been driven by factors like increasing urbanization, busy lives and the need for instant gratification from customers. In addition the COVID-19 epidemic further increased the use of on-demand online home services, as consumers sought solutions that were not requiring contact for home needs.
Despite the rapid expansion however, the market is facing difficulties in ensuring the quality of services, balancing customer expectations, and dealing with issues with regulatory compliance. With the continuous development and adapting to evolving market dynamics, the home-services on demand sector is set to continue growing in the near future.
Online On-demand Home Services Market Trends 2024
Service Expansion Market is expected to see a growth in services that go beyond traditional offerings such as repair and cleaning. You can expect to see a surge in specialization services such as wellness for your home (e.g. air quality testing and water purification) and eco-friendly solutions along with smart home and integration services.
The integration of AI and IoT Artificial Intelligence (AI) along with Internet of Things (IoT) technologies will play an important part in improving the effectiveness and efficiency in home-based services. AI-driven platforms will improve the matching algorithms of service providers and IoT-enabled devices allow remote diagnostics and predictive maintenance, enhancing the quality of service and satisfaction of customers.
Sustainability and Green Practices Growing awareness of the environment in consumers will increase the demand for eco-friendly home services solutions. The providers will be focusing on green practices, for example green cleaning products, energy efficient appliance installations, as well as initiatives to reduce waste, catering to eco-conscious customers.
Professional On-Demand Training: To keep up with demand and to ensure high-quality service platforms will offer on-demand training to help service companies. These programs will feature modular learning programs that are that are tailored to various levels of expertise which will allow professionals to upgrade their skills and adjust to changing demands of the customer.
A Better customer experience: The platforms will be focused on improving the experience for customers through customized service, clear pricing and seamless communications channels. Expect features like live monitoring of service providers and instant feedback mechanisms and loyalty programs that aim at creating long-term relationships with customers.
Standards and Regulatory Compliance: As more scrutiny is placed on gig economy business practices platforms will be focusing on the compliance of labor laws and industry regulations. This could mean taking measures like security checks on service suppliers, coverage for insurance and adherence to safety regulations that ensure customer and worker security.
In the end, the on-demand online home service market in 2024 is expected to develop in response to evolving customer preferences, technological advances and regulatory demands, making it easier to access to vital home services.
Online On-demand Home Services Market Dynamics 2024
Growth Drivers
Efficiency and time-saving Urbanization and busy lifestyles have prompted consumers to look for easy solutions to their home needs. Online platforms provide the convenience of accessing a vast array of services, and can save time and energy compared to traditional methods of locating and reserving services.
Technological Innovations: The advancements in technology, especially in mobile applications, AI, and IoT has transformed the industry of home services. These innovations allow effortless booking, instant tracking and customized service delivery, improving the overall experience for customers.
Changes in Consumer Behavior: Shifts in consumer behavior, which include preference for services that are available on demand and the desire to outsource household chores, have contributed to the expansion of this market. The younger generation, in particular are more comfortable with digital platforms, and are increasing demand for home services.
COVID-19 COVID-19 pandemic has accelerated the use of on-demand services for home use because people were looking for solutions using contactless technology for household requirements. Security and health issues resulted in a rise in demands for services like sanitation, cleaning, as well as remote repairs.
Market Competition and Innovation: A ferocious competition between online platforms has led to innovations and has led to the launch of new features and services. Companies are always looking for strategies to stand out by offering better customer experiences, ingenuous services and strategic collaborations.
Restraints
The Quality Control System and the Trust Assuring quality control and trust between customers and service providers are major problems in the online-on-demand home service market. Unfortunate experiences, like poor service quality or security issues, may cause distrust and discourage businesses from doing business again.
Problems with Regulatory Compliance: Regulatory hurdles that include licensing laws, labor laws and liability issues hinder access and operation for online home-based service platforms. The regulations that must be adhered to can be complicated and differ between different regions, affecting the operations of businesses and expanding efforts.
Dependence on Service Providers Online platforms depend on a network of contractors and service providers to satisfy customer demands. Problems like availability of providers as well as reliability and skill levels can impact service quality as well as customer service, which can create operational issues for platforms.
Pricing Competition: Price competition between online platforms and the pressure to offer lower rates can reduce the profit of service providers. Finding a balance between competitive pricing and fair compensation for service providers while ensuring high quality service is a constant struggle on the market.
Despite these issues, the on-demand home service market is expected to grow at a steady pace that is driven by technological advancement as well as changing consumer preferences and the growing digitalization of our lives.
Online On-demand Home Services Market Segment Analysis
The on-demand home service market is segmented into various important categories based on the kind of services provided:
Cleanliness of the Home: This category comprises services like regular housekeeping, deep cleaning, as well as specialized cleaning (e.g. window washing, carpet cleaning). The providers provide flexible scheduling and custom cleaning plans that can be tailored to suit different requirements of customers.
Service for Repairs and Maintenance within this category cover a broad array of home maintenance and repair tasks, which include electrical, plumbing HVAC repair, as well as appliance maintenance. The providers provide prompt and dependable solutions to common household issues, typically with clear pricing and upfront estimates.
The Home Improvement section comprises services that aim to improve the appearance and function of homes, like painting, remodeling flooring, flooring installation, and landscaping. They may also offer designs consultations along with project management services and skilled laborers to complete the home improvement tasks efficiently.
Home Wellness: Developing as a niche that focuses on improving the quality of indoor air as well as water purity and general living conditions. Services offered may include cleaning of air ducts as well as water filtration system installation and mold remediation services for health-conscious customers.
Smart Home Integration As the popularity of technology for smart home this sector includes services relating to the setup, installation and the maintenance and operation of intelligent home systems and devices. The providers offer expertise in the integration of smart thermostats and lighting controls, security cameras as well as other IoT devices to improve the automation of your home and provide convenience.
Every segment of the on-demand home service online market is geared towards specific needs and preferences, which contribute to the overall expansion and diversification of this market.
By Platform
- Web
- Mobile
By Type
- Home Cleaning
- Garden And Lawn Mowing
- Maids
- Laundry
- Car Wash
- Pest Control
- Others
- Repairs and Maintenance
- Plumbing
- Electrical
- Carpentry
- Laptop Repair
- Mobile Repair
- Others
- Health And Wellness
- Beauty/Salon Services
- Fitness Coach
- Physiotherapy
- Others
- Others
- Babysitting
- Pet Care
- Packing And Moving
- Others
Competitive Landscape of the Online On-demand Home Services Market
The marketplace for online on-demand home service market is marked through the presence many major players competing to gain market shares and differentiate. The top firms operating in this sector include:
TaskRabbit: TaskRabbit is a prominent web-based platform which connects users with professional Taskers who accomplish a variety of household tasks like cleaning handyman, furniture assembly and much other tasks. It offers flexible scheduling and transparent pricing. using the reviews and ratings of users to guarantee service quality.
Handy: Handy is an incredibly popular service that is available on demand and offers access to professional handymen, cleaners plumbers, electricians and many other service providers. The platform provides a wide range of services that include upfront pricing as well as a simple booking process. the satisfaction guarantee. It caters to commercial and residential customers.
Thumbtack: Thumbtack is a multi-faceted online marketplace that connects users with local professionals in different categories like maintenance, home improvement, repairs and health. Thumbtack uses an algorithm for matching to match customers with professionals who are skilled according to their individual requirements and preferences.
HomeAdvisor: HomeAdvisor is a complete online platform that assists homeowners connect with prescreened service providers for projects for home improvement repair, maintenance, and repairs. The platform provides access to a variety of contractors and tools to plan projects estimates, cost estimation, and scheduling.
Angie’s List (now part of HomeAdvisor): Angie’s List is an online platform with a solid reputation which provides ratings, reviews and suggestions for local service companies across a variety of sectors, including home services. The platform assists consumers in making an informed decision about hiring by highlighting the best professionals as well as their qualifications.
Porch: Porch is an online home-services marketplace which connects consumers to experts who are qualified to help with home improvements as well as repairs and maintenance. Porch offers features like estimates of costs, verified reviews, as well as Porch’s Porch Guarantee to guarantee customer satisfaction.
- com Inc.
- Angi Inc.
- Handy
- Helpling
- HomeAdvisor
- HouseJoy
- Task Easy
- TaskRabbit
- Thumbtack
- Urban Company
The major players compete on factors like prices, service offerings customers’ experience, credibility, and brand recognition. In addition, continuous development along with strategic partnership play a significant part in shaping the marketplace for home-based services on demand online.
New Developments
In 2023, TaskRabbit, the renowned online platform connecting users with skilled workers, has exciting news for homeowners seeking reliable help with their plumbing and electrical needs. In an ambitious move to broaden its services, TaskRabbit announced its plans to expand its offerings beyond its traditional handyman services. Come 2023, homeowners can expect to find trusted professionals for essential home maintenance tasks, ensuring a wider range of services catered to meet their needs.
In 2022, Handy, a leader in the online home services industry, recently unveiled a groundbreaking collaboration that promises to revolutionize the way customers access professional assistance for their household needs. Teaming up with the renowned home improvement retailer, Lowe’s, Handy aims to offer its comprehensive range of services within Lowe’s physical stores across the United States. This innovative partnership between two industry giants opens up new avenues for customers to conveniently book home services while they shop, fostering a seamless and integrated experience.
In 2021, In a world increasingly reliant on smartphones and mobile apps, Thumbtack, an online marketplace for local professionals, introduces a significant upgrade that caters to modern convenience. The company has recently unveiled an all-new app that allows users to book a variety of home services directly from their smartphones. This cutting-edge development promises to transform the way customers engage with local professionals, enabling them to effortlessly manage their home-related tasks with just a few taps on their screens.
In 2020, In a strategic move to strengthen its presence in the online home services market, Angie’s List, a trusted name in contractor referral services, revealed its acquisition of HomeAdvisor in an unprecedented deal. By bringing together Angie’s List’s extensive database of licensed professionals and HomeAdvisor’s robust platform, customers seeking home services can benefit from an even broader selection of trusted contractors. This collaboration promises to provide homeowners with enhanced options, quality assurance, and the ability to make informed decisions for their projects.
Online On-demand Home Services Market Regional Outlook
The on-demand home service market is characterized by regional variations in forecasts due to variations in the behavior of consumers, technological acceptance rates, regulatory environments and maturity levels of the market.
Within North America, particularly in the United States and Canada, the market is well-developed and competitive, offering an array of well-established platforms that offer comprehensive services for home use. Customers in these areas have become accustomed to using online platforms for a variety of services, creating a huge demand for home on-demand services.
In Europe countries such as those of the United Kingdom, Germany, and France have seen a significant increase in the use of online home services driven by the increasing urbanization rate and a shift to more convenient lifestyles. But, market dynamics and regulatory frameworks could differ between European countries, which can affect the speed of development of markets.
In Asia-Pacific countries, such as China, India, and Australia are seeing an explosion in demand for online home services, fueled by the rise in consumption incomes and urbanization and increased smartphone usage. Regional and local players typically control these market segments, catering to a variety of tastes and norms of culture.
Frequently Asked Questions
What is the global online on-demand home services market size?
The Online On-demand Home Services Market is expected to grow rapidly at a 16.8% CAGR consequently, it will grow from its existing size of from $ 7.10 Billion in 2023 to $ 19.70 Billion by 2030.
Which region holds the highest global online on-demand home services market share?
In the global online on-demand home services market, North America holds the largest market share.
What is the global online on-demand home services market segmentation covered in the report?
The global online on-demand home services market is segmented By Platform (Web, Mobile), By Type (Home Cleaning (Garden And Lawn Mowing, Maids, Laundry, Car Wash, Pest Control, Others), Repairs And Maintenance (Plumbing, Electrical, Carpentry, Laptop Repair, Mobile Repair, Others), Health And Wellness (Beauty/Salon Services, Fitness Coach, Physiotherapy, Others), Others (Babysitting, Pet Care, Packing And Moving, Others)).
Who are the leading global online on-demand home services market manufacturers/players profiled in the report?
The leading players in the global online on-demand home services market are Amazon.com Inc., Angi Inc., Handy, Helpling, HomeAdvisor, HouseJoy, Task Easy, TaskRabbit, Thumbtack, Urban Company.
Report Features
This report gives the most complete information. The report on Online On-demand Home Services Market format has been designed so that it can provide the best value to the business. It offers crucial insights into the market’s dynamic and will aid in strategic decision-making for current players as well as those looking to join the market.
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Market forecast and trend data and |
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Table of Contents
1 . Preface
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (Usp) & Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . Executive Summary
2.1. Highlights Of Market
2.2. Global Market Snapshot
3 . Online On-Demand Home Services – Industry Analysis
3.1. Introduction – Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Platform
3.7.2 Market Attractiveness Analysis By Type
3.7.3 Market Attractiveness Analysis By Region
4 . Value Chain Analysis
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List Of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend Of Key Raw Materials
4.3. List Of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . Impact Analysis Of Covid-19 Outbreak
6 . Global Online On-Demand Home Services Market Analysis By Platform
6.1 Overview By Platform
6.2 Historical And Forecast Data
6.3 Analysis By Platform
6.4 Web Historic And Forecast Sales By Regions
6.5 Mobile Historic And Forecast Sales By Regions
7 . Global Online On-Demand Home Services Market Analysis By Type
7.1 Overview By Type
7.2 Historical And Forecast Data
7.3 Analysis By Type
7.4 Home Cleaning (Garden And Lawn Mowing, Maids, Laundry, Car Wash, Pest Control, Others) Historic And Forecast Sales By Regions
7.5 Repairs And Maintenance (Plumbing, Electrical, Carpentry, Laptop Repair, Mobile Repair, Others) Historic And Forecast Sales By Regions
7.6 Health And Wellness (Beauty/Salon Services, Fitness Coach, Physiotherapy, Others) Historic And Forecast Sales By Regions
7.7 Others (Babysitting, Pet Care, Packing And Moving, Others) Historic And Forecast Sales By Regions
8 . Global Online On-Demand Home Services Market Analysis By Geography
8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
8.3.1. Overview, Historic And Forecast Sales Analysis
8.3.2. North America By Segment Sales Analysis
8.3.3. North America By Country Sales Analysis
8.3.4. United State Sales Analysis
8.3.5. Canada Sales Analysis
8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
8.4.1. Overview, Historic And Forecast Sales Analysis
8.4.2. Europe By Segment Sales Analysis
8.4.3. Europe By Country Sales Analysis
8.4.4. United Kingdom Sales Analysis
8.4.5. France Sales Analysis
8.4.6. Germany Sales Analysis
8.4.7. Italy Sales Analysis
8.4.8. Russia Sales Analysis
8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
8.5.1. Overview, Historic And Forecast Sales Analysis
8.5.2. Asia Pacific By Segment Sales Analysis
8.5.3. Asia Pacific By Country Sales Analysis
8.5.4. China Sales Analysis
8.5.5. India Sales Analysis
8.5.6. Japan Sales Analysis
8.5.7. South Korea Sales Analysis
8.5.8. Australia Sales Analysis
8.5.9. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
8.6.1. Overview, Historic And Forecast Sales Analysis
8.6.2. Latin America By Segment Sales Analysis
8.6.3. Latin America By Country Sales Analysis
8.6.4. Brazil Sales Analysis
8.6.5. Argentina Sales Analysis
8.6.6. Peru Sales Analysis
8.6.7. Chile Sales Analysis
8.6.8. Rest Of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
8.7.1. Overview, Historic And Forecast Sales Analysis
8.7.2. Middle East & Africa By Segment Sales Analysis
8.7.3. Middle East & Africa By Country Sales Analysis
8.7.4. Saudi Arabia Sales Analysis
8.7.5. Uae Sales Analysis
8.7.6. Israel Sales Analysis
8.7.7. South Africa Sales Analysis
8.7.8. Rest Of Middle East And Africa Sales Analysis
9 . Competitive Landscape Of The Online On-Demand Home Services Companies
9.1. Online On-Demand Home Services Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . Company Profiles Of Online On-Demand Home Services Industry
10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. Amazon.Com Inc.
10.3.1. Company Overview
10.3.2. Company Revenue
10.3.3. Products
10.3.4. Recent Developments
10.4. Angi Inc.
10.4.1. Company Overview
10.4.2. Company Revenue
10.4.3. Products
10.4.4. Recent Developments
10.5. Handy
10.5.1. Company Overview
10.5.2. Company Revenue
10.5.3. Products
10.5.4. Recent Developments
10.6. Helpling
10.6.1. Company Overview
10.6.2. Company Revenue
10.6.3. Products
10.6.4. Recent Developments
10.7. Homeadvisor
10.7.1. Company Overview
10.7.2. Company Revenue
10.7.3. Products
10.7.4. Recent Developments
10.8. Housejoy
10.8.1. Company Overview
10.8.2. Company Revenue
10.8.3. Products
10.8.4. Recent Developments
10.9. Task Easy
10.9.1. Company Overview
10.9.2. Company Revenue
10.9.3. Products
10.9.4. Recent Developments
10.10. Taskrabbit
10.10.1. Company Overview
10.10.2. Company Revenue
10.10.3. Products
10.10.4. Recent Developments
10.11. Thumbtack
10.11.1. Company Overview
10.11.2. Company Revenue
10.11.3. Products
10.11.4. Recent Developments
10.12. Urban Company
10.12.1. Company Overview
10.12.2. Company Revenue
10.12.3. Products
10.12.4. Recent Developments
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