NEW YORK, July 16, 2021 /PRNewswire/ —
Technavio’s latest report on the online on-demand home services market in Malaysia projects a growth of USD 50.49 billion, registering a CAGR of over 55% during 2021-2025. According to the report, the Specialized Consumer Services industry will have a NEGATIVE impact due to the continued spread of the COVID-19 pandemic. Besides, the report provides a detailed analysis of the pre-and post-impact of COVID-19 on businesses.
The home care and design service segment will generate maximum revenue in the online on-demand home services market in Malaysia. Factors such as changes in consumer lifestyles and an increase in the disposable income of people in Malaysia will be crucial in driving the growth of the segment.
Online On-demand Home Services Market in Malaysia: Major Growth Drivers
The online on-demand home services market growth in Malaysia is expected to be driven by the following factors:
- Advantages of online on-demand home services
- Increasing Internet penetration
In addition, the report identifies the increasing influence of digital media as a major trend in the online on-demand home services market in Malaysia. The proliferation of smartphones and the increased number of online users are creating new marketing and communication channels for vendors. Online home service providers in the country are increasingly adopting digital media marketing strategies to improve their service visibility and promote sales. Marketing efforts such as push messages and e-mails that contain the details of new service launches and discounts are helping vendors to create awareness about their brand and their products with consumers. Besides, the rising popularity of social media in the country is creating significant opportunities for vendors operating in the online on-demand home services market in Malaysia.
The report helps businesses create strategies to make the most of future growth opportunities.
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Online On-demand Home Services Market in Malaysia: Key Vendor Offerings
ADVANCE DREAMS VENTURE Sdn Bhd: The company offers online on-demand home services such as basic home cleaning, studio cleaning, and office cleaning.
Breezy Clean Homes: The company offers online on-demand home services such as maid cleaning services.
Business Pixel Sdn Bhd: The company offers online on-demand home services such as basic needs home cleaning services.
Clinfess Enterprise: The company offers online on-demand home services such as basic home cleaning services.
EasyFix: The company offers the home services such as sewage and plumber, electrician, and carpenter services.
Reasons to Buy Online On-demand Home Services Market in Malaysia Report:
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist online on-demand home services market growth in Malaysia during the next five years
- Estimation of the online on-demand home services market size in Malaysia and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- 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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Related Reports on Consumer Discretionary Include:
Online On-demand Home Services Market in Southeast Asia – Online on-demand home services market in Southeast Asia is segmented by service (home care and design, repair and maintenance, HWB, and others) and geography (Singapore, Malaysia, Indonesia, Thailand, and Rest of South-East Asia).
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Global Online On-demand Home Services Market – Global online on-demand home services market is segmented by service (home care and design, repair and maintenance, health, wellness and beauty, and others) and geography (APAC, North America, Europe, South America, and MEA).
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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.
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