The increasing influence of digital media to boost Global Online Home Service Market Growth

NEW YORK, Sept. 30, 2022 /PRNewswire/ — The online home service market is expected to grow by USD 2.33 trillion, at a CAGR of 44.36% during the forecast period. The increasing influence of digital media rising trend of online on-demand home services, and the rising demand for house help, particularly among the working population are one of the major factors propelling the market growth. However, factors such as high competition among vendors, lack of a standard pricing model, and reliability of vendors will hamper the market growth. Request Free Sample Report.

Online Home Service Market Driver

The rise of the online home service market is significantly being fueled by the expanding importance of digital media. Digital media has become a crucial communication and marketing tool for vendors operating in the worldwide online home service sector as a result of the rise of Internet-enabled smartphones. One of the key components of the marketing plan used by home service providers is service visibility.

In order to improve service visibility and drive revenues, several online home service providers are widely implementing digital media marketing methods. Technologically upgraded cellphones have a number of unique capabilities that assist online on-demand service providers to become more visible. During the projection period, the worldwide online home service market would rise at a faster rate due to the increased popularity of social media in a number of emerging markets. Buy Sample Report.

Online Home Service Market Revenue Segment

APAC will account for 47% of market growth. The two biggest markets in APAC for internet home services are China and India. This region’s market will expand more quickly than those in other areas. Over the projection period, the expansion of the online home service market in APAC would be made possible by its growth.

There will be a significant increase in the market share of online home services in the home care and design sector. In comparison to other sectors, such as repair and maintenance and health, wellness, and beauty, the home care and design segment of the global online home service market is anticipated to experience considerable growth throughout the forecast period.

This is a result of the increased demand for home design and maintenance services, such as interior decorating, pest control, thorough cleaning, couch cleaning, laundry services, glass, wood, and other metal work, as well as masonry and carpentry.

Online Home Service Market Vendors

  • Amazon.com Inc.
  • Angi Inc.
  • AskforTask Inc.
  • ByNext Inc.
  • Cleaningly Home Services Pty Ltd.
  • E Home Services
  • Helpling GmbH and Co. KGA
  • Home Reno Pte. Ltd.
  • HomeServe Plc
  • Houzz Inc.
  • MyClean Inc.
  • Oneflare Pty Ltd.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Related Reports:
Home Service Market in US growth by Distribution Channel and Type – Forecast and Analysis – 2022-2026

Online Home Service Market Growth By – Forecast & Analysis – 2022-2026

Online Home Service Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 44.36%

Market growth 2022-2026

$2.33 tn

Market structure

Fragmented

YoY growth (%)

42.92

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amazon.com Inc., Angi Inc., AskforTask Inc., ByNext Inc., Cleaningly Home Services Pty Ltd., E Home Services, Helpling GmbH and Co. KGA, Home Reno Pte. Ltd., HomeServe Plc, Houzz Inc., MyClean Inc., Oneflare Pty Ltd., Paintzen Inc., Porch.com Inc., Super Home Inc., TaskEasy Inc., The Home Depot Inc., The ServiceMaster Co. LLC, Up Your Home Services Sdn Bhd, and Urban Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Service

  • 5.1 Market segments 
    • Exhibit 24: Chart on Service – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Service – Market share 2021-2026 (%)
  • 5.2 Comparison by Service 
    • Exhibit 26: Chart on Comparison by Service
    • Exhibit 27: Data Table on Comparison by Service
  • 5.3 Home care and design – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Home care and design – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 29: Data Table on Home care and design – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Chart on Home care and design – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Home care and design – Year-over-year growth 2021-2026 (%)
  • 5.4 Repair and maintenance – Market size and forecast 2021-2026 
    • Exhibit 32: Chart on Repair and maintenance – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 33: Data Table on Repair and maintenance – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Chart on Repair and maintenance – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Repair and maintenance – Year-over-year growth 2021-2026 (%)
  • 5.5 Health wellness and beauty – Market size and forecast 2021-2026 
    • Exhibit 36: Chart on Health wellness and beauty – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 37: Data Table on Health wellness and beauty – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 38: Chart on Health wellness and beauty – Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Health wellness and beauty – Year-over-year growth 2021-2026 (%)
  • 5.6 Others – Market size and forecast 2021-2026
    • Exhibit 40: Chart on Others – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 41: Data Table on Others – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 42: Chart on Others – Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Others – Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by Service 
    • Exhibit 44: Market opportunity by Service ($ billion)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 48: Chart on Geographic comparison
    • Exhibit 49: Data Table on Geographic comparison
  • 7.3 APAC – Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.4 North America – Market size and forecast 2021-2026
    • Exhibit 54: Chart on North America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on North America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.5 Europe – Market size and forecast 2021-2026
    • Exhibit 58: Chart on Europe – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on Europe – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.6 South America – Market size and forecast 2021-2026
    • Exhibit 62: Chart on South America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 63: Data Table on South America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 64: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa – Market size and forecast 2021-2026 
    • Exhibit 66: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 67: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 68: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026
    • Exhibit 70: Chart on US – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 71: Data Table on US – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 72: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 China – Market size and forecast 2021-2026
    • Exhibit 74: Chart on China – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 75: Data Table on China – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 76: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.10 Germany – Market size and forecast 2021-2026
    • Exhibit 78: Chart on Germany – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 79: Data Table on Germany – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 80: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.11 India – Market size and forecast 2021-2026
    • Exhibit 82: Chart on India – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 83: Data Table on India – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 84: Chart on India – Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on India – Year-over-year growth 2021-2026 (%)
  • 7.12 UK – Market size and forecast 2021-2026
    • Exhibit 86: Chart on UK – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 87: Data Table on UK – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 88: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 90: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.3 Impact of drivers and challenges 
    • Exhibit 91: Impact of drivers and challenges in 2021 and 2026

9 Vendor Landscape

  • 9.2 Vendor landscape 
    • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 93: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 94: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 95: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 96: Matrix on vendor position and classification
  • 10.3 Amazon.com Inc. 
    • Exhibit 97: Amazon.com Inc. – Overview
    • Exhibit 98: Amazon.com Inc. – Business segments
    • Exhibit 99: Amazon.com Inc. – Key news
    • Exhibit 100: Amazon.com Inc. – Key offerings
    • Exhibit 101: Amazon.com Inc. – Segment focus
  • 10.4 Angi Inc. 
    • Exhibit 102: Angi Inc. – Overview
    • Exhibit 103: Angi Inc. – Business segments
    • Exhibit 104: Angi Inc. – Key offerings
    • Exhibit 105: Angi Inc. – Segment focus
  • 10.5 AskforTask Inc. 
    • Exhibit 106: AskforTask Inc. – Overview
    • Exhibit 107: AskforTask Inc. – Product / Service
    • Exhibit 108: AskforTask Inc. – Key offerings
  • 10.6 Home Reno Pte. Ltd. 
    • Exhibit 109: Home Reno Pte. Ltd. – Overview
    • Exhibit 110: Home Reno Pte. Ltd. – Product / Service
    • Exhibit 111: Home Reno Pte. Ltd. – Key offerings
  • 10.7 MyClean Inc. 
    • Exhibit 112: MyClean Inc. – Overview
    • Exhibit 113: MyClean Inc. – Product / Service
    • Exhibit 114: MyClean Inc. – Key offerings
  • 10.8 Porch.com Inc. 
    • Exhibit 115: Porch.com Inc. – Overview
    • Exhibit 116: Porch.com Inc. – Product / Service
    • Exhibit 117: Porch.com Inc. – Key offerings
  • 10.9 TaskEasy Inc. 
    • Exhibit 118: TaskEasy Inc. – Overview
    • Exhibit 119: TaskEasy Inc. – Product / Service
    • Exhibit 120: TaskEasy Inc. – Key offerings
  • 10.10 The Home Depot Inc. 
    • Exhibit 121: The Home Depot Inc. – Overview
    • Exhibit 122: The Home Depot Inc. – Product / Service
    • Exhibit 123: The Home Depot Inc. – Key offerings
  • 10.11 The ServiceMaster Co. LLC 
    • Exhibit 124: The ServiceMaster Co. LLC – Overview
    • Exhibit 125: The ServiceMaster Co. LLC – Business segments
    • Exhibit 126: The ServiceMaster Co. LLC – Key offerings
    • Exhibit 127: The ServiceMaster Co. LLC – Segment focus
  • 10.12 Urban Co. 
    • Exhibit 128: Urban Co. – Overview
    • Exhibit 129: Urban Co. – Product / Service
    • Exhibit 130: Urban Co. – Key offerings

11 Appendix

  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 131: Inclusions checklist
    • Exhibit 132: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 133: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 134: Research methodology
    • Exhibit 135: Validation techniques employed for market sizing
    • Exhibit 136: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 137: List of abbreviations

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