Online On-demand Services Market in Europe Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025
- Published: Jul 2021
- Pages: 120
- SKU: IRTNTR70727
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The online on-demand services market share in Europe is expected to increase by USD 1.77 trillion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 58.3%.
This online on-demand services market in Europe 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 services market segmentation in Europe by service (home services, construction services, transportation services, finance and legal services, and others) and geography (UK, Sweden, Germany, The Netherlands, and Rest of Europe). The online on-demand services market in Europe report also offers information on several market vendors, including A and K Ventures OU, A1 Quality Cleaning Services, Amazon.com Inc., Cleaners of London, Klarx GmbH, Lawbit Ltd., MAID2CLEAN (FRANCHISE) Ltd., Smartbeam SA, Swan, and Via Transportation Inc. among others.
What will the Online On-demand Services Market Size in Europe be During the Forecast Period?
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Online On-demand Services Market in Europe: Key Drivers, Trends, and Challenges
The advantages of online on-demand services platforms is notably driving the online on-demand services market growth in Europe, 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 services industry in Europe. 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 Services Market Driver in Europe
One of the key factors driving growth in the online on-demand services market in Europe is the advantages of online on-demand services platforms. Online on-demand services encompass all digital marketplaces that offer convenient access to a wide range of services such as home services and transportation services. The demand for online on-demand services is increasing, owing to the convenience and accessibility they offer. Therefore, the online on-demand services market in Europe is expected to register a steady growth rate during the forecast period. Some advantages associated with online on-demand services platforms are convenience, flexibility, appointment scheduling, and ease of payment. The advantages offered by online on-demand services are increasing their demand and may drive the growth of the online on-demand services market in Europe during the forecast period.
Key Online On-demand Services Market Trend in Europe
The rising number of advertising and marketing campaigns is a major online on-demand services market trend in Europe that is expected to have a positive impact in the coming years. Marketing and advertising campaigns are crucial for the growth of the vendors operating in the online on-demand services market in Europe. The vendors in the market focus on launching advertising campaigns through various platforms to generate customer awareness and retain a strong customer base. They started using various marketing strategies to gain the attention of customers. For instance, Amazon Home Services guarantees its quality of services under the Happiness Guarantee. According to the company, if it fails to provide high-quality services, it pays an amount of money as compensation. Hence, the focus of vendors on launching new advertising campaigns is expected to drive the growth of the online on-demand services market in Europe during the forecast period.
Key Online On-demand Services Market Challenge in Europe
The high competition among vendors will be a major challenge for the online on-demand services market in Europe during the forecast period. The online on-demand services market in Europe is dynamic due to the presence of several regional and international players that compete based on parameters such as acquisitions, 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. Issues associated with unorganized vendors, such as the incapability to maintain standard service quality and the inability to ensure transparency and on-time service, can adversely affect the overall business of such vendors. Moreover, the online on-demand services market in Europe witnesses tough competition from various small, local brick-and-mortar stores. All these factors are expected to hamper the growth of the online on-demand services market in Europe.
This online on-demand services market in Europe 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 services market in Europe 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 services market in Europe during the forecast period.
Who are the Major Online On-demand Services Market Vendors in Europe?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- A and K Ventures OU
- A1 Quality Cleaning Services
- Amazon.com Inc.
- Cleaners of London
- Klarx GmbH
- Lawbit Ltd.
- MAID2CLEAN (FRANCHISE) Ltd.
- Smartbeam SA
- Swan
- Via Transportation Inc.
This statistical study of the online on-demand services market in Europe encompasses successful business strategies deployed by the key vendors. The online on-demand services market in Europe is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
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Amazon.com Inc. - The company offers online on-demand services in various categories such as assembly, smart home, electrical, plumbing and others.
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 services market in Europe 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 Services Market in Europe Value Chain Analysis
Our report provides extensive information on the value chain analysis for the online on-demand services market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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
- Marketing and sales
- 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 Services Market in Europe?
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61% of the market's growth will originate from Rest of Europe during the forecast period. Market growth in this region will be slower than the growth of the market in other regions.
The growing awareness about the benefits of availing online on-demand services will facilitate the online on-demand services market growth in Rest of Europe 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
The outbreak of COVID-19 affected the growth of the market in focus in 2020 and Q1 2021. During the lockdown period in 2020, the demand for online on-demand services such as media streaming increased, whereas the demand for cleaning services and food delivery services declined. However, with the easing of lockdowns, the demand for online on-demand services such as transportation services, construction services increased, owing to the convenience offered by the vendors. Therefore, the market in focus in the region is expected to grow during the forecast period.
What are the Revenue-generating Service Segments in the Online On-demand Services Market in Europe?
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The online on-demand services market share growth in Europe by the home services segment will be significant during the forecast period. Home services include services such as cleaning, laundry, gardening, repair and maintenance, and home security services. This segment generates revenue from services such as interior designing, pest control, home deep cleaning, sofa cleaning, laundry services, glasswork, woodwork, and waterproofing. The home services 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 Europe, are fueling the demand for on-demand home services.
This report provides an accurate prediction of the contribution of all the segments to the growth of the online on-demand services market size in Europe and actionable market insights on post COVID-19 impact on each segment.
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Online On-demand Services Market Scope in Europe |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 58.3% |
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Market growth 2021-2025 |
$ 1.77 trillion |
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Market structure |
Fragmented |
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YoY growth (%) |
26.89 |
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Regional analysis |
Europe |
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Performing market contribution |
Rest of Europe at 61% |
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Key consumer countries |
UK, Sweden, Germany, The Netherlands, and Rest of Europe |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
A and K Ventures OU, A1 Quality Cleaning Services, Amazon.com Inc., Cleaners of London, Klarx GmbH, Lawbit Ltd., MAID2CLEAN (FRANCHISE) Ltd., Smartbeam SA, Swan, and Via Transportation Inc. |
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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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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. |
What are the Key Data Covered in this Online On-demand Services Market in Europe Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive online on-demand services market growth in Europe during the next five years
- Precise estimation of the online on-demand services market size in Europe and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the online on-demand services industry in Europe across UK, Sweden, Germany, The Netherlands, and Rest of Europe
- 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 services market vendors in Europe
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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
- Five forces summary
- 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 services - Market size and forecast 2020-2025
- Construction services - Market size and forecast 2020-2025
- Transportation services - Market size and forecast 2020-2025
- Finance and legal services - 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
- UK - Market size and forecast 2020-2025
- Sweden - Market size and forecast 2020-2025
- Germany - Market size and forecast 2020-2025
- The Netherlands - Market size and forecast 2020-2025
- Rest of Europe - Market size and forecast 2020-2025
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- A and K Ventures OU
- A1 Quality Cleaning Services
- Amazon.com Inc.
- Cleaners of London
- Klarx GmbH
- Lawbit Ltd.
- MAID2CLEAN (FRANCHISE) Ltd.
- Smartbeam SA
- Swan
- Via Transportation Inc.
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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- Advantages of online on-demand services platforms
Key Questions Answered
- 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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