Online On-demand Home Services Market in Malaysia to Reach USD 50.49 Billion by 2025 at 55.29% CAGR | Technavio

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NEW YORK, June 27, 2022 /PRNewswire/ -- The online on-demand home services market size in Malaysia is expected to grow by USD 50.49 billion from 2020 to 2025, progressing at a CAGR of  55.29% as per the latest market report by Technavio. The online on-demand home services market share growth in Malaysia by the home care and design segment will be significant for revenue generation. 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.

Technavio has announced its latest market research report titled
Online On-demand Home Services Market in Malaysia by Service and Platform - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled Online On-demand Home Services Market in Malaysia by Service and Platform - Forecast and Analysis 2021-2025

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Report

Online On-demand Home Services Market in Malaysia: Drivers

  • The key factor 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.

Online On-demand Home Services Market in Malaysia: Challenges

  • 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.

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Report

Online On-demand Home Services Market In Malaysia: Segmentation Analysis

The market research report segments the online on-demand home services market in Malaysia is segmented by:

  • Service - Home care and design, Repair and maintenance, HWB, and Others

  • Platform - Mobile applications and online websites.

  • For more highlights on the segmentation - Click Now!

Get ready to achieve excellent business outcomes from this exclusive Online On-demand Home Services Market In Malaysia report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?

  • What is the current trend taking place in the market space?

  • Which business tactics will influence competitive scenarios along with defining the market's growth potential?

  • What are market drivers, restraints, and challenges impacting demand & growth of the market?

  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Online On-demand Home Services Market In Malaysia report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Online On-demand Home Services Market In Malaysia Forecast Report -  Buy Now!

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Online On-demand Home Services Market In Malaysia Scope

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

USD 50.49 billion

Market structure

Fragmented

YoY growth (%)

42.93

Performing market contribution

Malaysia at 100%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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 future consumer dynamics, market condition analysis for forecast period,

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.

Table of Content

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

About Technavio

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.

Contacts

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Email: media@technavio.com
Website: www.technavio.com/

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