The on-demand home services industry is expected to grow at a CAGR of around 9.7% between 2022 and 2026: Ken Research

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GURUGRAM, India, May 11, 2022 /PRNewswire/ —

Digital is the future

Companies will continue to invest in digital marketing strategies to improve the visibility of their services and promote sales. Ads on social media platforms such as YouTube, Instagram and Facebook will allow businesses to improve their brand awareness and attract potential customers. Internet penetration is high in the UAE, almost 99% of the population uses the Internet. About 51% of people purchased a product or service online through a smartphone, indicating the continued reliance of customers on purchasing products or services online due to increasing convenience and accessibility.

Ease of market entry

In 2021, the provision regulation for the creation of a new company allows any natural person of any origin to hold 100% of the company. There is no need to partner with an Emirati to register the company. Companies have now lowered the entry barrier to enter the industry, which is still in a nascent stage and expected to grow.

UAE home cleaning services market Offer

Increased vertical expansion of service offerings such as the introduction of cooks and chefs specializing in a particular cuisine; home bakery services, courses, etc. can be booked online upon request. The merger with the food delivery and grocery markets to expand its service offerings will give new meaning to on-demand home services. Marketplaces will aim to increase the number of bookings for beauty services, as the average ticket price for these services is higher than for cleaning services. Promotional offers and discounts would be offered to attract new customers.

Increase in the development of the residential real estate market

The residential real estate market in the UAE is expected to grow by around 10% over the next 5 years. In addition, real estate prices are expected to decline in the region. This will lead to apartment households shifting from 1 bhk to 2 bhk, leading to an increase in demand for on-demand home services. Government incentives such as special visas for investors and retirees, long-term golden visas, as well as the reduction of the loan-to-value (LTV) ratio for first-time home buyers to 20% by the Central Bank of UAE, low interest rates and competitive mortgage lending products will give the industry a boost.

The publication titled “UAE On-Demand Home Services Industry: Driven by Changing Consumer Lifestyles and Growing Adoption of Digital Services” provides a comprehensive analysis of the On-demand Home Services industry by analyzing historical statistics and corresponding developments in the On-demand Home Services market. Market growth increased during COVID as people were reluctant to leave their homes. People preferred to book home services online directly from these marketplaces or service providers. Considering the fragmented completion structure in the on-demand home services industry, analysts have crafted the competitive landscape of major markets and service providers on the basis of the services offered and operational parameters. The report also covers an overview of market business model and service providers, value chain analysis, growth drivers, Porters 5 forces analysis, impact of COVID-19 and factors governing the future prospects of the industry. The report also provides a comprehensive overview of market size and industry segmentation. The report highlights weak spots in the on-demand home services industry along with detailed company profiles of major service providers and markets. The report concludes with projections of the future industry market size, market segmentations, and analysts’ opinion on the future market scenario.

Key Segments Covered in UAE On-demand Home Services Industry:-

  • By type of service
  • Cleaning
  • Repair and maintenance
  • Beauty
  • Others
  • By geography
  • dubai
  • Abu Dhabi
  • Others
  • Per deployment
  • In line
  • Offline

Sample Report Request @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTI0MDUx

Time period entered in the report: –

  • Historical period: 2017-2021
  • Forecast period: 2022F-2026F

UAE On-Demand Home Services Players

  • Marketplaces
  • just life
  • Urban business
  • ServiceMarket
  • Rizek
  • Usta
  • Service providers
  • Hitches and glitches
  • MMore
  • Elite servants
  • Cleaning services

Main topics covered in the report:-

  • Socio-economic landscape of the UAE
  • Evolution of the on-demand home services industry in the United Arab Emirates
  • UAE On-Demand Home Services Industry Ecosystem
  • Future prospects of the on-demand home services industry
  • Business model of leading UAE on-demand home service entities
  • On-demand Home Services Industry Market Size by Revenue
  • Demand Drivers and Trends in the On-demand Home Services Industry
  • Impact of COVID on user demand and preferences in the on-demand home services industry
  • Trends and developments in the on-demand home services industry
  • Challenges faced in the on-demand home services industry
  • Government rules and regulations in the on-demand home services industry
  • Impact of COVID-19 on the On-Demand Home Services Industry
  • Comparison of pre and post COVID scenarios
  • Competitive Scenario of On-demand Home Services Industry
  • Competition in the on-demand home services market
  • Competition among on-demand home service providers
  • Urban Enterprise Business Model Case Study
  • Future Trends and Market Size of On-demand Home Services Industry by Revenue
  • Future Market Segmentation of On-demand Home Services Industry by Service Type, Geography, Deployment
  • The industry speaks
  • Analyst Recommendations
  • Dubai on-demand home services market
  • Abu Dhabi on-demand home services market
  • On-demand online home services market
  • On-demand offline home services market
  • UAE on-demand home repair and maintenance services market
  • UAE home services market
  • UAE Home Services Industry Report
  • Home Service Industry in Dubai
  • Abu Dhabi home services market
  • UAE On-Demand Home Cleaning Services Market
  • beauty home cleaning services market
  • Urban Business Home Cleaning Services Market
  • Elite Maids Home Cleaning Services Market
  • Helpsters Home Cleaning Services Market
  • Justlife Home Cleaning Services Market
  • Rizek Home Cleaning Services Market
  • Hitches and Glitches Home Cleaning Services Market
  • Home Cleaning Services Market MPlus
  • Middle East home cleaning services market
  • UAE home cleaning services market
  • Dubai home cleaning services market
  • Abu Dhabi home cleaning services market

For more information on the research report, refer to the link below:-

UAE On-Demand Home Services Industry

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