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

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR70726
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The online on-demand home services market share in Southeast Asia is expected to increase by USD 258.47 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 54%.

This online on-demand home services market in Southeast Asia research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers online on-demand home services market segmentation in Southeast Asia by service (home care and design, repair and maintenance, HWB, and others) and geography (Singapore, Malaysia, Indonesia, Thailand, and Rest of South-East Asia). The online on-demand home services market report in Southeast Asia also offers information on several market vendors, including 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. among others.

What will the Online On-demand Home Services Market Size in Southeast Asia 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 Southeast Asia for the Forecast Period and Other Important Statistics

 

Online On-demand Home Services Market in Southeast Asia: 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 busy lifestyle propelling the demand for home services and solutions is notably driving the online on-demand home services market growth in Southeast Asia, although factors such as 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 industry in Southeast Asia. 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 Southeast Asia

One of the key factors 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. Companies are saving the valuable time of their consumers by taking responsibility for their household chores. Therefore, owing to these factors, the market in focus is expected to grow significantly during the forecast period.

Key Online On-demand Home Services Market Trend in Southeast Asia

Digital marketing and consumer engagement on social media platforms is another factor 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.

Key Online On-demand Home Services Market Challenge in Southeast Asia

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.

This online on-demand home services market in Southeast Asia 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 Southeast Asia 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 Southeast Asia during the forecast period.

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

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

 

  • 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.

 

This statistical study of the online on-demand home services market in Southeast Asia encompasses successful business strategies deployed by the key vendors. 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.

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 Southeast Asia 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 Southeast Asia Value Chain Analysis

Our report provides extensive information on the value chain analysis for the online on-demand home services market in Southeast Asia, 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.

The value chain of the specialized consumer services market includes the following core components:

  • Inputs
  • Operations
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Online On-demand Home Services Market in Southeast Asia?

Online On-demand Home Services Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

26% of the market's growth will originate from Singapore during the forecast period. Singapore is the key market for online on-demand home services in Southeast Asia. Market growth in this region will be faster than the growth of the market in other regions.

 The rising urbanization rate, growth in the number of employment opportunities for women, and rising living standards will facilitate the online on-demand home services market growth in Southeast Asia in Singapore over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the demand for online on-demand home services market declined in Singapore owing to the spread of COVID-19 in the country. As of June 28, 2021, Singapore recorded over 62,553 COVID-19 cases. However, the number of cases has declined significantly in the country since the outbreak of COVID-19 in 2020. In 2021, the advent of COVID-19 vaccines has led to the normalization of businesses. The demand for online on-demand home services has also recouped in the country since the beginning of 2021. According to the Singapore Ministry of Health (MOH), as of 21 June 2021, 5,029,006 doses were administered in the country. Therefore, with the progressing vaccination drives, the safety of employees across the service sector and of customers is expected to increase, which, in turn, will supplement the growth of the market in focus in Singapore during the forecast period.

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

Online On-demand Home Services Market Segmentation

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The online on-demand home services market share growth in Southeast Asia by the home care and design segment will be significant during the forecast period.

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 Southeast Asia and actionable market insights on post COVID-19 impact on each segment.

 

Online On-demand Home Services Market Scope in Southeast Asia

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

$ 258.47 billion

Market structure

Fragmented

YoY growth (%)

41.92

Regional analysis

South-East Asia

Performing market contribution

Singapore at 26%

Key consumer countries

Singapore, Indonesia, and Thailand

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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

  • 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 Southeast Asia during the next five years
  • Precise estimation of the online on-demand home services market size in Southeast Asia 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 Southeast Asia
  • 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 Southeast Asia

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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

    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

      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 $258.47 billion during 2020-2025.
      The online on-demand home services market is expected to grow at a CAGR of 54.41% during 2020-2025.
      Technavio has segmented the online on-demand home services market by service (Home care and design, Repair and maintenance, HWB, and Others) and geographic (Singapore, Malaysia, Indonesia, Thailand, and Rest of South-East Asia).
      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. are a few of the key vendors in the online on-demand home services market.
      Singapore will register the highest growth rate of 25.97% among the other regions. Therefore, the online on-demand home services market in Singapore 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:
      • Busy lifestyle propelling the demand for home services and solutions
      • Digital marketing and consumer engagement on social media platforms
      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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      • 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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