According to a recent report on Yahoo Finance, the online on-demand home services market is expected to experience significant growth in the coming years.

This market, which includes services such as house cleaning, handyman services, lawn care, and pest control, has already seen a surge in demand due to the COVID-19 pandemic, as more people have turned to online platforms to book and schedule services from the comfort and safety of their own homes.

The report suggests that this trend is likely to continue even as the pandemic is further in our rearview mirror and predicts yearly growth of nearly 20% per year, as more and more consumers become accustomed to the convenience and flexibility offered by online on-demand home services.

One of the main drivers of this anticipated growth is the increasing use of smartphones and other mobile devices, which make it easy for customers to book and schedule services on the go. In addition, the rise of the gig economy has made it easier for service providers to offer their services through online platforms, further contributing to the growth of the on-demand home services market.

Another factor that is expected to drive growth in the on-demand home services market is the increasing focus on sustainability and eco-friendliness. Many online on-demand home services now offer green cleaning options and use eco-friendly products, which can appeal to environmentally conscious consumers.

Yahoo Finance’s report suggests that the on-demand home services market is poised for significant growth in the coming years, as more and more consumers turn to online platforms to book and schedule the services they need.

What are On-Demand Home Services?

On-demand services refer to a type of service that is provided to customers on an as-needed basis and is typically booked or scheduled through an online platform or app. On-demand services are designed to be convenient and flexible, allowing customers to book and schedule services at a time that is convenient for them.

Some examples of on-demand services include ride-sharing services like Uber or Lyft, food delivery services like Grubhub or DoorDash, and home services like house cleaning or lawn care. On-demand services can be provided by individuals or small businesses, and are often made available through online marketplaces or platforms that connect customers with service providers.

One of the main advantages of on-demand services is the convenience they offer to customers. With just a few clicks, customers can book and schedule the services they need, often with the option to choose a specific time and date. This makes it easy for customers to get the services they need without having to take time out of their busy schedules to visit service providers in person.

Overall, on-demand services provide a convenient and flexible way for customers to access the services they need, and have become increasingly popular in recent years due to the convenience and accessibility they offer.

Want to learn more about On-Demand Home Services? Here are some additional resources:

  1. Industry trade publications: Industry trade publications, such as CleanLink or Professional Remodeler, often feature articles and news about the on-demand home services industry. These publications can be a good source of information about trends, best practices, and emerging technologies in the industry.
  2. Online marketplaces and platforms: Many online marketplaces and platforms, such as Thumbtack or TaskRabbit, offer resources and information for businesses looking to enter the on-demand home services market. These resources can include guides on how to get started, tips for building a successful business, and information about how to use the platform to connect with customers.
  3. Industry associations: Industry associations, such as the International Association of Home Services Providers or the National Association of the Remodeling Industry, can be a good source of information and resources for business owners in the on-demand home services industry. These associations often offer educational resources, networking opportunities, and access to industry experts.
  4. Professional development courses: Professional development courses and workshops can be a useful way for business owners to learn more about on-demand home services and hone their skills in specific areas of the industry. These courses can be found through universities, professional associations, or online learning platforms.
  5. Research reports: Research reports, such as the one referenced in the initial question, can provide valuable insights into the on-demand home services market, including trends, growth projections, and key players in the industry.

 

Source: https://finance.yahoo.com/news/online-demand-home-services-market-103000037.html