Online On-demand Home Services Market in Southeast Asia to grow by USD 258.47 billion | Market Research Insights highlight Market Key Drivers and Key Segments

New YorkAnd Jan 19 2022 /PRNewswire/ – According to Research Report”Online on-demand home services market in Southeast Asia – Forecasting and Analysis Report 2021-2025“, the market will see 41.92% YoY growth in 2021, with a CAGR of 54% over the forecast period. The report is segmented by services (home care, design, repair and maintenance, HWB, etc.), geography (SingaporeAnd MalaysiaAnd IndonesiaAnd Thailand, the rest of the Southeast Asia).

Attractive Opportunities in Southeast Asia Online On-Demand Home Services Market by Service and Geography - Forecast and Analysis 2021-2025

Attractive Opportunities in Southeast Asia Online On-Demand Home Services Market by Service and Geography – Forecast and Analysis 2021-2025

Singapore It is the largest marketplace for on-demand online home services. Factors such as the growth in the rate of urbanization, the increase in the number of employment opportunities for women and the improvement in living standards are fueling the market for on-line home services in Southeast Asia Area. Online home services marketplace on demand in Southeast Asia share growth in Singapore It will be faster than market growth in other regions.

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Seller Insights
Online home services marketplace on demand in Southeast Asia Segmented and vendors deploy various organic and inorganic growth strategies to compete in the market.

The increasing competition in the market is forcing sellers to adopt various growth strategies such as choosing pricing and marketing strategies to retain their existing market shares and seize new market opportunities. To survive in a competitive environment, it becomes imperative for sellers to promote their services through a clear and unique value proposition.

The report analyzes the competitive landscape of the market and provides information on several market vendors, including:

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Geographical market analysis
Singapore It will provide maximum growth opportunities in on-demand online home services during the forecast period. According to our research report, the country will contribute 26% of the market growth and is expected to dominate the market until 2025. Singapore will achieve growth across all years of the forecast period. Annual growth during this period will range between 47.44% and 75.88%.

The increasing rate of urbanization, the growth in the number of job opportunities for women, and the rising standards of living are fueling the demand for the online on-demand home services market in the country. The growing female workforce is increasing pressure to maintain a balance between professional and personal life.

Moreover, countries like MalaysiaAnd ThailandAnd Indonesia, the rest Southeast Asia It is expected to emerge as the prominent markets for the online on-demand home services market in Southeast Asia during the forecast period.

Major Sector Analysis
The home care and design segment generates revenue from services such as interior design, pest control, deep home cleaning, sofa cleaning, laundry services, glasswork, woodwork, waterproofing, construction and carpentry. This sector is fragmented, with many small and large companies operating in the market, offering a wide range of home care and design services. for example, MalaysiaSDN.BHD Based M4U Services. M4U provides services such as house cleaning and disinfection. The increase in the number of vendors offering home care and design services, along with the ever-increasing business expansions in this segment, will contribute significantly to the growth of the on-demand online home services market in Southeast Asia during the forecast period.

Learn more about the geographical distribution of this market along with detailed analysis of the top regions. https://www.technavio.com/report/online-on-demand-home-services-market-in-southeast-asia-industry-analysis

Market Drivers and Key Challenges:
The growth in construction activities across the globe is one of the major drivers of the online on-demand home services market in Southeast Asia. The growth of the global construction market is being driven by developed economies, which are focused on improving their infrastructure, and developing countries, which are increasing their capacity to meet growing demand. Factors such as lower interest rates, changes in the global economy, and an increase in direct real estate investment from institutional investors are expected to drive the global construction market during the forecast period.

High competition among vendors is a major challenge for the growth of the online home on-demand services market in Southeast Asia during the forecast period. Also, the online home services marketplace on demand in Southeast Asia Dynamic due to the presence of many regional and international players competing based on criteria such as acquisitions, partnerships, expansions, marketing and advertising campaigns. The competition among the existing players in the market is expected to intensify during the forecast period with the entry of new startups.

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Related Reports:

Online On-Demand Home Services Market by Service and Geography – Forecast and Analysis 2021-2025

Scope of the On-Demand Online Home Services Market in Southeast Asia

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

Accelerate at a compound annual growth rate of 54%

Market Growth 2021-2025

$258.47 billion

Market Structure, Market Structure

fragmented

Annual Growth (%)

41.92

Regional Analysis

Southeast Asia

Market share performance

Singapore 26%

Main consuming countries

Singapore, Indonesia and Thailand

Competitive scene

Leading companies, competitive strategies, scope of consumer participation

An overview of the main companies

Amazon.com Inc. , APLUS CLEAN SOLUTIONS, Business Pixel Sdn Bhd, Everyworks Services Pte. Ltd. and Grab Holdings Inc. and Kaodim and M4U SERVICES SDN.BHD. and Maclean Services Sdn Bhd, Up Your Home Services Sdn Bhd, and Urban Co.

market dynamics

Key market analysis, market growth triggers and obstacles, analysis of fast-growing and slow-growing segments, analysis of COVID-19 impact, recovery and future consumer dynamics, market status analysis for forecast period

field of personalization

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Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .

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