June 28, 2022

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Online On-demand Home Services market in Southeast Asia Recorded 41.92% Y-O-Y Growth Rate in 2021 |Market Driven by Busy Lifestyle Propelling the Demand for Home Services & Solutions

Online On-demand Home Services market in Southeast Asia Recorded 41.92% Y-O-Y Growth Rate in 2021 |Market Driven by Busy Lifestyle Propelling the Demand for Home Services & Solutions

Read the 120-page report with TOC on “Online On-demand Home Services Market in Southeast Asia Analysis Report by Service (Homecare and design, Repair and maintenance, HWB, and Others) and Geography (Singapore, Malaysia, Indonesia, Thailand, and Rest of South-East Asia), and the Segment Forecasts,2021-2025″. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/online-on-demand-home-services-market-in-southeast-asia-industry-analysis

Online On-demand Home Services in Southeast Asia – Trends

Digital marketing and consumer engagement on social media platforms is a major trend supporting the online on-demand home services market share growth in Southeast Asia. Service visibility is one of the principal factors of the marketing strategy implemented by online on-demand home service providers globally, including the regional vendors. Service providers are adopting digital and social media promotional activities as part of their marketing strategies to increase their service visibility. The conventional advertising platforms, such as televisions and radios, are now shifting to live TVs and radios on the online media. This drives up the number of advertisement viewers. Social media platforms are another strong component used by vendors to run their service promotions and campaigns. The substantial growth in digital marketing and the increase in the engagement of consumers on social media platforms will promote the growth of the regional market in focus.

Online On-demand Home Services in Southeast Asia – Drivers

The key factor driving growth in the online on-demand home services market in Southeast Asia is the busy lifestyle propelling the demand for home services and solutions. Factors such as the growth in urbanization and the increasing inclination of the younger generation toward exploring new career opportunities have contributed largely to their busy lifestyle, specifically in metro cities across Southeast Asian countries. Professional pressure leaves individuals with very little time for a family outing or taking care of household works such as cleaning, repairing, and maintenance operations. This has subsequently increased the demand for online on-demand home services in Southeast Asian countries. Recognizing the problems faced by the professionals and other employed people, online on-demand home services companies are offering the convenience of doorstep pickup and drop services, thereby making the process more convenient.

Online On-demand Home Services in Southeast Asia – Challenges

The high competition among vendors will be a major challenge for the online on-demand home services market in Southeast Asia during the forecast period. The online on-demand home services market in Southeast Asia is dynamic because of the presence of several regional and country-based players that compete based on parameters such as acquisitions, partnerships, expansions, and 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. The presence of numerous vendors is intensifying competition and increasing the price wars among vendors. Such price wars have the potential to erode profit margins and can lead to smaller businesses exiting the market. All these factors, together, are expected to hamper the growth of the online on-demand home services market in Southeast Asia.

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Some of key Online On-demand Home Services in Southeast Asia Players:

The online on-demand home services market in Southeast Asia is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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

Online On-demand Home Services Market In Southeast Asia – Segmentation Analysis

Service Outlook (Revenue, USD bn, 2020-2025)

  • Home care and design – size and forecast 2020-2025
  • Repair and maintenance – size and forecast 2020-2025
  • HWB – size and forecast 2020-2025
  • Others – size and forecast 2020-2025

Geography Outlook (Revenue, USD bn, 2020-2025)

  • Singapore – size and forecast 2020-2025
  • Malaysia – size, and forecast 2020-2025
  • Indonesia – size, and forecast 2020-2025
  • Thailand – size, and forecast 2020-2025
  • Rest of South-East Asia – size and forecast 2020-2025

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Online On-demand Home Services Market In Southeast Asia Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 54%

Market growth 2021-2025

USD 258.47 billion

Market structure

Fragmented

YoY growth (%)

41.92

Performing market contribution

Singapore at 26%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Service

  • Market segments
  • Comparison by Service
  • Home care and design – Market size and forecast 2020-2025
  • Repair and maintenance – Market size and forecast 2020-2025
  • HWB – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by Service

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Singapore – Market size and forecast 2020-2025
  • Malaysia – Market size and forecast 2020-2025
  • Indonesia – Market size and forecast 2020-2025
  • Thailand – Market size and forecast 2020-2025
  • Rest of South-East Asia – Market size and forecast 2020-2025
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Amazon.com Inc.
  • APLUS CLEAN SOLUTIONS
  • Business Pixel Sdn Bhd
  • Everyworks Services Pte. Ltd.
  • Grab Holdings Inc.
  • Kaodim
  • M4U SERVICES SDN.BHD.
  • Maclean Services Sdn Bhd
  • Up Your Home Services Sdn Bhd
  • Urban Co.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises 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 existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio