PUBLISHER: Verified Market Research | PRODUCT CODE: 1615900
PUBLISHER: Verified Market Research | PRODUCT CODE: 1615900
Home Services Market size was valued at USD 370.86 Million in 2021 and is projected to reach USD 1,826.35 Million by 2030 , growing at a CAGR of 21.14% from 2022 to 2030. An increase in smartphone adoption has allowed for the rise of the home service market through its positive influence on the online on-demand services market. The Global Home Services Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Home service is a term that is used to encompass various intangible assets that are provided by businesses for residential homes. There are several businesses that are provided by home services that span across various sectors of business such as repairs and maintenance, installations, home improvement, and others. As the number of services that can be provided by the home service market increases, the scope, and therefore the industry of home services is growing. With the increase in the adoption of technology comes the increase in online as well as mobile booking services. Home services are essentially a more modern and simplified way to buy as well as schedule professional services.
The recent growth of the adoption of home services can be in part attributed to the evolution of the real estate and building cluster where physical facilities are considered a part of a service system. The advent of new technology coupled with the increasing awareness of services that can be provided in-home services is aiding in the growth of the market. Some of the main reasons for the introduction of home services were the service it provides to the inhabitants of a home as well as the overall cost efficiency of the provision of these services for the service provider.
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Global Home Services Market Overview
The rise in the adoption of smartphones is significantly aiding in the growth of the home service market. Smartphone technology is developing in such a way that it is influencing the customer's daily marketing strategies, business activities as well as lifestyle. The acceptance of smartphone technology is a key factor in determining success in today's technology. Due to this, the identification of the main factors that influence the consumer's behavior toward smartphone technology is extremely valuable. Besides, smartphones are witnessing substantial growth; their rising adoption has led to the rise in the bulk manufacturing of the product. This growth in the demand for smartphones has led to the lessening of their cost overall. It is factors like these that have led to the increasing adoption of smartphones worldwide. With the increasing convenience that home services provider, the demand for online home services are increasing. Especially in consideration to the present generation, as they are the largest consumers of internet services, on-demand devices are quite popular.
However, the lack of a standardized pricing model for online home services may restrain the growth of the market. One of the biggest challenges that are facing the home service market is the lack of a pricing model. Due to the relatively new nature of online home services, there is now a standard that has been set for the services that are to be provided. In order to understand what goes behind understanding the prevailing trends and fixing a price for a particular home service.
Increasing digital transformation in emerging economies offers lucrative growth opportunities for the market. With the middle class growing globally, there is a growth in various aspects i.e. digital technology throughout emerging economies. Emerging economies such as India and China are therefore playing a big role in the opportunities that are faced by the home services market. With the increasing younger population, there are more technologically adept individuals that are leading this period of digital transformation and innovative measures.
The Global Home Services Market is classified on the basis of Deployment, Home Improvement Type, Repairs & Maintenance, and Geography.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
LIST OF TABLES
TABLE 1 PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE) OF KEY COUNTRIES
TABLE 2 GLOBAL HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 3 GLOBAL HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 4 GLOBAL HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 5 GLOBAL HOME SERVICES MARKET, BY GEOGRAPHY, 2022-2030 (USD MILLION)
TABLE 6 NORTH AMERICA HOME SERVICES MARKET, BY COUNTRY, 2022-2030 (USD MILLION)
TABLE 7 NORTH AMERICA HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 8 NORTH AMERICA HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 9 NORTH AMERICA HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 10 U.S. HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 11 U.S. HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 12 U.S. HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 13 CANADA HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 14 CANADA HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 15 CANADA HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 16 MEXICO HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 17 MEXICO HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 18 MEXICO HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 19 EUROPE HOME SERVICES MARKET, BY COUNTRY, 2022-2030 (USD MILLION)
TABLE 20 EUROPE HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 21 EUROPE HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 22 EUROPE HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 23 GERMANY HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 24 GERMANY HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 25 GERMANY HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 26 U.K. HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 27 U.K. HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 28 U.K. HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 29 FRANCE HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 30 FRANCE HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 31 FRANCE HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 32 ITALY HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 33 ITALY HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 34 ITALY HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 35 SPAIN HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 36 SPAIN HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 37 SPAIN HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 38 REST OF EUROPE HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 39 REST OF EUROPE HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 40 REST OF EUROPE HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 41 ASIA PACIFIC HOME SERVICES MARKET, BY COUNTRY, 2022-2030 (USD MILLION)
TABLE 42 ASIA PACIFIC HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 43 ASIA PACIFIC HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 44 ASIA PACIFIC HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 45 CHINA HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 46 CHINA HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 47 CHINA HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 48 JAPAN HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 49 JAPAN HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 50 JAPAN HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 51 INDIA HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 52 INDIA HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 53 INDIA HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 54 REST OF APAC HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 55 REST OF APAC HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 56 REST OF APAC HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 57 LATIN AMERICA HOME SERVICES MARKET, BY COUNTRY, 2022-2030 (USD MILLION)
TABLE 58 LATIN AMERICA HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 59 LATIN AMERICA HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 60 LATIN AMERICA HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 61 BRAZIL HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 62 BRAZIL HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 63 BRAZIL HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 64 ARGENTINA HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 65 ARGENTINA HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 66 ARGENTINA HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 67 REST OF LATAM HOME SERVICES MARKET, BY DEPLOYMENT, 2022-2030 (USD MILLION)
TABLE 68 REST OF LATAM HOME SERVICES MARKET, BY HOME IMPROVEMENT TYPE, 2022-2030 (USD MILLION)
TABLE 69 REST OF LATAM HOME SERVICES MARKET, BY REPAIRS & MAINTENANCE, 2022-2030 (USD MILLION)
TABLE 70 MIDDLE EAST AND AFRICA HOME SERVICES MARKET, BY COUNTRY, 2022-2030 (