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Online On-demand Home Services Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UNITED KINGDOM, September 25, 2024 /EINPresswire / -- The online on-demand home services market has experienced robust growth in recent years, expanding from $4.64 billion in 2023 to $5.29 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to smartphone penetration, urbanization trends, changing consumer lifestyles, tech-savvy consumer base, entrepreneurial opportunities.
What Is The Estimated Market Size Of The Global Online On-demand Home Services Market And Its Annual Growth Rate?
The online on-demand home services market is projected to continue its strong growth, reaching $9.03 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to IoT and smart home integration, rise of remote work, contactless and safe service options, AI-driven personalization, expansion of service offerings.
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Growth Driver of The Online On-demand Home Services Market
The surging usage of smartphones is expected to boost the growth of the online on-demand home services market going forward. A smartphone refers to a portable electronic device that connects to a cellular network. People's daily lives depend heavily on smartphones because they offer a platform for an almost limitless array of services, hence, the surging usage of smartphones is expected to boost the online on-demand home services market.
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Which Market Players Are Driving The Online On-demand Home Services Market Growth?
Key players in the market include Amazon Inc., Angi Inc., Helpling GmbH, TaskRabbit Inc., The ServiceMaster Company LLC, AskforTask Inc., Handy Technologies Inc., TaskEasy Inc., ByNext Inc., Urban Company (previously UrbanClap) Technologies Pvt. Ltd., Paintzen Inc., Porch Inc., E Home Services Pte. Ltd., ServiceWhale Inc., Fixico B.V., Airtasker Pty Ltd., Zaarly Inc., Hello Alfred Inc., SERVIZ Inc., Homejoy Inc., Thumbtack Inc., HomeAdvisor Inc., Takl Inc., LawnStarter Inc., Lawn Love Inc., Plowz & Mowz Inc., YourMechanic Inc., Openbay Inc., Carvana Co., Turo Inc., Getaround Inc., Zipcar Inc., Silvercar Inc., Drizly Inc., Saucey Inc., Minibar Delivery LLC, Instacart Inc., Shipt Inc., Postmates Inc., DoorDash Inc., Grubhub Holdings Inc., Uber Technologies Inc., Caviar Inc., Seamless Holdings Corporation, EatStreet Inc.
What Are The Key Trends That Influence Online On-demand Home Services Market Share Analysis?
Major companies operating in the market are focused on developing strategic partnership to expand capabilities. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success.
How Is The Global Online On-demand Home Services Market Segmented?
1) By Types: Cellular, Non-Cellular
2) By Platform: Web, Mobile
3) By End-User: Media And Entertainment, Carpentry, Food, Home Welfare, Beauty, Retail, Healthcare
Geographical Insights: North America Leading The Online On-demand Home Services Market
North America was the largest region in the market in 2023. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Online On-demand Home Services Market Definition
Online on-demand home services refer to those that bridge the gap between offline and online services instantly to deliver effective home services. It is used by any authorized user wishing to look for household services using an ingenious web-based system.
The main types of online on-demand home services are cellular and non-cellular. Cellular service refers to a wireless telecommunications term for a service that enables users to utilize mobile phones and other communication devices. The various platforms include web and mobile. These are used by various end-users such as media and entertainment, carpentry, food, home welfare, beauty, retail, and healthcare.
Online On-demand Home Services Global Market Report 2024 from TBRC covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global online on-demand home services market report covering trends, opportunities, strategies, and more
The Online On-demand Home Services Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on online on-demand home services market size, online on-demand home services market drivers and trends, online on-demand home services market major players and online on-demand home services market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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