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.
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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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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.
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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
Growth momentum & CAGR
Accelerate at a CAGR of 55.29%
Market growth 2021-2025
USD 50.49 billion
YoY growth (%)
Performing market contribution
Malaysia at 100%
Leading companies, competitive strategies, consumer engagement scope
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
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,
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Table of Content
Value chain analysis
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 Segmentation by Service
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
Comparison by Platform
Mobile applications - Market size and forecast 2020-2025
Online website - Market size and forecast 2020-2025
Market opportunity by Platform
Market positioning of vendors
ADVANCE DREAMS VENTURE Sdn Bhd
Breezy Clean Homes
Business Pixel Sdn Bhd
Grab Maid Tech Sdn Bhd
M4U SERVICES Sdn Bhd
Maideasy Sdn Bhd
Scope of the report
Currency conversion rates for US$
List of abbreviations
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