The global demand for Home Services Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Home services include plumbing, HVAC, flooring, landscaping, concrete, moving and storage services and many more. These services allow an individual to receive day to day help with the personal care they need, maintaining a good quality of life and preserving their dignity. Homeowners and businesses are now able to purchase services from local service providers through an online platform. The online service offers convenience and flexibility.
Increasing penetration of smartphone is influencing the growth of the market. The hiring decision is strongly influenced by the online presence of the company. Consumers are now able to utilize home services at a click of a button with pre-determined prices. It is predicted that increased demand will be received from home improvement services in the coming years as people are remodelling their homes. The rapid growth of home services has created a surge in online sites, from niche sites to subscription site to general market sites. Global giants are entering into the segment to grab the opportunity. For Instance, tech giant Google and Amazon have entered into the segment with Amazon Home Services and Google Local Services. Competition is about to become more fierce, and businesses will deliver superior customer service to gain high ratings and positive reviews.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Home Services.
The entire Home Services market has been sub-categorized into repairs and maintenance, and deployment. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Repairs and Maintainence
- Air Conditioning
- Non-HVAC Home Appliances
This section covers regional segmentation which accentuates on current and future demand for Home Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Home Services Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Home Services market include Angie’s List, Amazon Home Service, Home Depot and Myhammer. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.