Online On-demand Home Service Market Size, Share Global Analysis Report, 2019-2026

Industry Insights

[180+ Pages Report] According to the report published by Facts Factors, the global online on-demand home service market size was worth around USD 1,320 million in 2019 and is predicted to grow to around USD 7,280 million by 2026 with a compound annual growth rate (CAGR) of roughly 28% between 2020 and 2026. The report analyzes the global online on-demand home service market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the online on-demand home service market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the online on-demand home service industry. The report analyzes and declares the historical and current trends analysis of the online on-demand home service industry and subsequently recommends the projected trends anticipated to be observed in the online on-demand home service market during the upcoming years.

The online on-demand home service market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire online on-demand home service market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our analysis, the online on-demand home service market is set to grow annually at a rate of around 28%
• It was valued through primary research that the online on-demand home service market was valued at around USD 1,320 Million in 2019
• North America dominates the online on-demand home service market with the largest revenue share for the year 2018
• Europe and Asia Pacific is the significant shareholder for the online on-demand home service market owing to high penetration of technology along with effortless accessibility to the product

Key Recommendations from Analysts

• As per our analysis, Latin America and Middle East & Africa are the most opportunistic regions owing to less penetration of internet and smartphones
• The market value for year 2026 is estimated to reach around USD 7,280 Million
• North America region is likely to held major market share during the scope of the study
• As per our analysts, food segment held largest revenue market share in the year 2019

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the online on-demand home service industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the online on-demand home service industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the online on-demand home service market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the online on-demand home service industry. The online on-demand home service market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the online on-demand home service sector. Key strategic developments in the Online On-demand Home Service market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the online on-demand home service market are appropriately highlighted in the report.

By geography, the online on-demand home service market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the online on-demand home service market in terms of revenue share for the year 2018. The growth of the region is mainly due to large percent of public using shred or on-demand services online services. For instance, around 72% of the Americans are engaged in some kind of shred or on-demand activities such as purchase of second hand goods online, use of programs that offer same day delivery of the goods, ticket purchasing for sports and entertainment from online ticket resellers, and many more.

In addition, U.S. consumers are spending around USD 57 Billion annually in the on-demand economy. As per the report published by New York Times U.S. held the largest market share and expected to witness the highest CAGR in the coming years. Additionally, several startup companies are involved in fund raising activities. For instance, Boston-based Renoviso has raised 5 Million USD that provides on-demand booking for home construction projects, Handy has raised USD 109 Million for on-demand house cleaning service; New York-based Paintzen has raised USD 12 Million for on-demand house painting services.

The online on-demand home service market research report delivers an acute valuation and taxonomy of the online on-demand home service industry by practically splitting the market on the basis of different detection, end use, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the online on-demand home service industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the online on-demand home service industry is provided for the leading economies of the world.

The online on-demand home service market is segmented based on type and service. On the basis of type segmentation, the market is classified into cellular and non-cellular. In terms of service segmentation, the market is bifurcated into Food, Retail, Healthcare, Media & Entertainment, Beauty, Carpentry, Home Welfare (Laundry, Lawn Care, House Cleaning, House Painting, Electrician, Plumbing, and Construction & Renovation), and Others.

Report Scope

Some of the leading players in the global market include

• Amazon Web Services (AWS)
• Walmart
• The home depot
• Flipkart
• Handy
• Netflix
• Hello Alfred
• YourMechanic
• ebay
• HomeAway
• Helpling
• Zaarly
• Airtasker
• AskForTask
• CLEANLY
• Laurel & Wolf
• ServiceWhale

The taxonomy of the online on-demand home service industry by its scope and segmentation is as follows:

By Product Type Segment Analysis

• Cellular
• Non-Cellular

By Service Segment Analysis

• Food
• Retail
• Healthcare
• Media & Entertainment
• Beauty
• Carpentry
• Home Welfare
  • Laundry
  • Lawn Care
  • House Cleaning
  • House Painting
  • Electrician
  • Plumbing
  • Construction & Renovation
  • Others
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa