NEW YORK, July 16, 2021 / PRNewswire / –
Technavio’s Latest On-Demand Online Home Services Market Report South East Asia projects a growth of $ 258.47 billion, registering a CAGR of over 54% during 2021-2025. Specialized consumer services will have a NEGATIVE impact due to the continued spread of the COVID-19 pandemic, according to the report. In addition, the report provides a detailed analysis of the impact before and after COVID-19 on businesses.
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Home care and design and services segment will generate maximum revenue in the on-demand online home services market by South East Asia, due to the increased demand for interior design, pest control, deep home cleaning, sofa cleaning, laundry services, glassware, carpentry, waterproofing, masonry and carpentry . In terms of geography, Singapore will present significant opportunities for market sellers due to factors such as increasing rate of urbanization, growth in number of employment opportunities for women and increasing standard of living.
On-demand Online Home Services Market in South East Asia: Main growth drivers
The following factors are expected to drive the market growth during the forecast period:
- Busy lifestyle driving demand for home services and solutions
- Increased collaboration of offline home service providers with online home service providers
- Benefits of on-demand online home services
In addition, the increasing penetration of internet and smartphones is expected to positively impact the growth of the on-demand online home services market in South East Asia in 2021-2025. The number of internet users in Southeast Asian countries has increased dramatically over the years. This can be attributed to the increased accessibility of the internet and the falling cost of smartphones. For example, from January 2020, the number of Internet users in Indonesia has increased by more than 170 million compared to the number of Internet users in January 2019. Many such factors are creating significant growth opportunities for the vendors operating in the Southeast Asia market.
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On-demand Online Home Services Market in South East Asia: Offers from the main suppliers
Amazon.com Inc .: The company offers on-demand online home services such as home theater setup and installation, furniture assembly, outdoor equipment assembly, and more.
APLUS OWN SOLUTIONS: The company offers on-demand online home services such as carpet cleaning, commercial cleaning, and general cleaning.
Business Pixel Sdn Bhd: The company offers on-demand online home services such as plumbing, handyman, house cleaning, electrical repair and more.
Everyworks Services Pte. Ltd. : The company offers on-demand online home services such as air conditioning, plumbing, electrical and DIY.
Grab Holdings Inc .: The company offers on-demand online home services such as air conditioning service, cleaning service and appliance repair.
Reasons for Buying On-Demand Home Services Online Market Report in Southeast Asia:
- Market CAGR during the forecast period 2021-2025
- Detailed information on factors that will contribute to the growth of the Online On-Demand Home Services Market in South East Asia over the next five years
- Estimated market size for on-demand online home services in South East Asia and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growing market for on-demand online home services in Singapore, Malaysia, Indonesia, Thailand, and the rest of South East Asia
- Market competitive landscape analysis and detailed supplier information
- Full details on the factors that will challenge the growth of on-demand online home service providers in South East Asia
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Related reports on consumer discretionary include:
On-demand Online Home Services Market in Malaysia – On-demand online home services market in Malaysia is segmented by service (home maintenance and design, repair and maintenance, HWB and others) and by platform (mobile apps and online website).
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Global On-Demand Online Home Services Market – The global on-demand online home services market is segmented by service (home care and design, repair and maintenance, health, wellness and beauty, and others) and by geography (APAC, North America, Europe, South America, and MEA).
Download an exclusive free sample report
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