18-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Online On-demand Home Service Market by Type (Cellular, and Non-Cellular), by Service (Food, Retail, Healthcare, Media & Entertainment, Beauty, Carpentry, Home Welfare (Laundry, Lawn Care, House Cleaning, House Painting, Electrician, Plumbing, Construction & Renovation, and Others), and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019-2026” states that the global online on-demand home service market in 2019 was approximately USD 1,320 Million. The market is expected to grow at a CAGR of 28% and is anticipated to reach around USD 7,280 Million by 2026.
Online on-demand home service is the economic activity conducted by technology companies to fulfill customer demand on time. Growing penetration of internet and increasing number of mobile apps have made it possible to shop globally from any location. According to internet world stats, global internet penetration rate is around 55.1% and is growing at a rapid rate due to urbanization and advancement in technology. In addition to the above factor, availability of multiple options on single platform, easy booking and payment options, and extended varieties and discount options as compared to offline shopping is acting as a fuel to the lamp for this market.
Browse the full “Online On-demand Home Service Market by Type (Cellular, and Non-Cellular), by Service (Food, Retail, Healthcare, Media & Entertainment, Beauty, Carpentry, Home Welfare (Laundry, Lawn Care, House Cleaning, House Painting, Electrician, Plumbing, Construction & Renovation, and Others), and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019-2026" https://www.fnfresearch.com/online-on-demand-home-service-market-by-type-1218
Growth in the smartphone users along with rising trend of online professional services are some of the high impact rendering factors driving the market growth at a rapid pace. According to Delloite’s report on global mobile consumer’s trend, 80% of the world population is having smartphone out of this around 30% of the population use smartphones for online product payment and in-store payments. Conversely, data theft is a major concern for online services that hinders the market growth. Nonetheless, order-focused delivery and time saving are some of the factors that may drive the market in the coming years.
The global online on-demand home service market is analyzed on the basis of type and service. Based on type the online on-demand home service market is divided into cellular and non-cellular. By service, the global online on-demand home service market is segmented into food delivery, retail, healthcare, media & entertainment, beauty, carpentry, home welfare, and others. The home welfare segment is further classified into laundry, lawn care, house cleaning, house painting, electrician, plumbing, construction & renovation, and others. Food segment held largest revenue market share in the year 2018. On the other hand, home welfare segment is expected to witness the highest CAGR in the analyzed period. The growth of the online on-demand food delivery service is mainly due to order-focused food delivery services, easy accessibility and convenience.
Significant players for the online on-demand home service market are Amazon Web Services (AWS), Walmart, The home depot, Flipkart, Handy, Netflix, Hello Alfred, YourMechanic, ebay, HomeAway, Helpling, Zaarly, Airtasker, AskForTask, CLEANLY, Laurel & Wolf, and ServiceWhale among others.
This report segments the online on-demand home service market as follows:
Global Online On-demand Home Service Market: Type Segment Analysis
Global Online On-demand Home Service Market: Service Segment Analysis
Global Online On-Demand Home Service Market: Regional Segmentation Analysis (Customizable)
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