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Online On-demand Home Services Market in Malaysia Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR70720
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The online on-demand home services market share in Malaysia is expected to increase by USD 50.49 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 55.29%.

This online on-demand home services market in Malaysia research report extensively covers online on-demand home services market segmentation in Malaysia by service (home care and design, repair and maintenance, HWB, and others) and platform (mobile applications and online website). The online on-demand home services market report in Malaysia also offers information on several market vendors, including ADVANCE DREAMS VENTURE Sdn Bhd, Breezy Clean Homes, Business Pixel Sdn Bhd, Clinfess Enterprise, EasyFix, Grab Maid Tech Sdn Bhd, Kaodim, LocalService Malaysia, M4U SERVICES Sdn Bhd, and Maideasy Sdn Bhd among others.

What will the Online On-demand Home Services Market Size in Malaysia be During the Forecast Period?

Online On-demand Home Services Market Size

Download the Free Report Sample to Unlock the Online On-demand Home Services Market Size in Malaysia for the Forecast Period and Other Important Statistics

 

Online On-demand Home Services Market in Malaysia: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The advantages of online on-demand home services is notably driving the online on-demand home services market growth in Malaysia, although factors such as the high competition among vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the online on-demand home services market industry in Malaysia. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Online On-demand Home Services Market Driver in Malaysia

One of the key factors driving growth in the online on-demand home services market in Malaysia is the advantages of online on-demand home services. Online on-demand home services encompass all digital marketplaces that offer convenient access to a wide range of home services. The global demand for online on-demand home services is increasing owing to the ease of convenience and accessibility provided by these services. There are numerous other advantages provided by online on-demand home services. Some advantages of online on-demand home services are convenience, flexibility, appointment scheduling, and ease of payment. The advantages of online on-demand home services are increasing their demand and may drive the growth of the online on-demand home services market in Malaysia.

Key Online On-demand Home Services Market Trend in Malaysia

The rising number of advertising and marketing campaigns is another factor supporting the online on-demand home services market share growth in Malaysia. Marketing and advertising campaigns are crucial for the growth of the vendors operating in the online on-demand home services market in Malaysia. Currently, the vendors in the market focus on launching advertisement campaigns through various platforms to generate customer awareness and retain a strong customer base. Vendors have started using various strategic marketing tools to gain the attention of customers. The focus on launching new advertisement campaigns by vendors is expected to drive the growth of the online on-demand home services market in Malaysia.

Key Online On-demand Home Services Market Challenge in Malaysia

The high competition among vendors will be a major challenge for the online on-demand home services market in Malaysia during the forecast period. The online on-demand home services market in Malaysia is dynamic because of the presence of several regional and international players that compete based on parameters such as acquisitions, expansions, and marketing and advertising campaigns. 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. This is expected to hamper the growth of the online on-demand home services market in Malaysia during the forecast period.

This online on-demand home services market in Malaysia analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the online on-demand home services market in Malaysia as a part of the global specialized consumer services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the online on-demand home services market in Malaysia during the forecast period.

Who are the Major Online On-demand Home Services Market Vendors in Malaysia?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ADVANCE DREAMS VENTURE Sdn Bhd
  • Breezy Clean Homes
  • Business Pixel Sdn Bhd
  • Clinfess Enterprise
  • EasyFix
  • Grab Maid Tech Sdn Bhd
  • Kaodim
  • LocalService Malaysia
  • M4U SERVICES Sdn Bhd
  • Maideasy Sdn Bhd

 

This statistical study of the online on-demand home services market in Malaysia encompasses successful business strategies deployed by the key vendors. The online on-demand home services market in Malaysia is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The online on-demand home services market in Malaysia forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Online On-demand Home Services Market in Malaysia Value Chain Analysis

Our report provides extensive information on the value chain analysis for the online on-demand home services market in Malaysia, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Service Segments in the Online On-demand Home Services Market in Malaysia?

Online On-demand Home Services Market Market segmentation by region

To gain further insights on the market contribution of various segments Request for a FREE sample

The online on-demand home services market share growth in Malaysia by the home care and design segment will be significant during the forecast period. The segment is fragmented, with the presence of numerous small and large players operating in the market, offering a wide range of home care and design services. Changes in consumer lifestyles, as well as an increase in the disposable income of people in Malaysia, are fueling the demand for on-demand home cleaning and design services. The rise in the number of vendors offering home care and design services will contribute significantly to the growth of the online on-demand home services market in Malaysia.

This report provides an accurate prediction of the contribution of all the segments to the growth of the online on-demand home services market size in Malaysia and actionable market insights on post COVID-19 impact on each segment.

 

Online On-demand Home Services Market Scope in Malaysia

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 55.29%

Market growth 2021-2025

$ 50.49 billion

Market structure

Fragmented

YoY growth (%)

42.93

Regional analysis

Malaysia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ADVANCE DREAMS VENTURE Sdn Bhd, Breezy Clean Homes, Business Pixel Sdn Bhd, Clinfess Enterprise, EasyFix, Grab Maid Tech Sdn Bhd, Kaodim, LocalService Malaysia, M4U SERVICES Sdn Bhd, and Maideasy Sdn Bhd

Market dynamics

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

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What are the Key Data Covered in this Online On-demand Home Services Market Report in Malaysia?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive online on-demand home services market growth in Malaysia during the next five years
  • Precise estimation of the online on-demand home services market size in Malaysia and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the online on-demand home services industry in Malaysia
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of online on-demand home services market vendors in Malaysia

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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

    Market Segmentation by Platform

    • Market segments
    • Comparison by Platform
    • Mobile applications - Market size and forecast 2020-2025
    • Online website - Market size and forecast 2020-2025
    • Market opportunity by Platform
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • ADVANCE DREAMS VENTURE Sdn Bhd
    • Breezy Clean Homes
    • Business Pixel Sdn Bhd
    • Clinfess Enterprise
    • EasyFix
    • Grab Maid Tech Sdn Bhd
    • Kaodim
    • LocalService Malaysia
    • M4U SERVICES Sdn Bhd
    • Maideasy Sdn Bhd

    Appendix

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

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your sample now!
    Online On-demand Home Services market growth will increase by $50494.03 million during 2021-2025.
    The online on-demand home services market is expected to grow at a CAGR of 55.29% during 2021-2025.
    Technavio has segmented the online on-demand home services market by service (Home care and design, Repair and maintenance, HWB, and Others) ,platform (Mobile applications and Online website) , and geographic (Malaysia).
    ADVANCE DREAMS VENTURE Sdn Bhd, Breezy Clean Homes, Business Pixel Sdn Bhd, Clinfess Enterprise, EasyFix, Grab Maid Tech Sdn Bhd, Kaodim, LocalService Malaysia, M4U SERVICES Sdn Bhd, Maideasy Sdn Bhd are a few of the key vendors in the online on-demand home services market.
    Malaysia will register the highest growth rate of 100.00% among the other regions. Therefore, the online on-demand home services market in Malaysia is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the online on-demand home services market growth are:
    • Advantages of online on-demand home services
    The online on-demand home services market vendors should focus on grabbing business opportunities from the home care and design segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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    • Information about the market's key drivers, trends, and challenges
    • Parent market analysis
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    • Detailed vendors report with competitive landscape
    • Covid-19 impact and recovery analysis
    • Data on revenue-generating market segments
    • Details on the market shares of various regions
    • Five-force market analysis

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