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Home Service Market in US 2022-2026

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    Report

  • 120 Pages
  • September 2022
  • Region: United States
  • TechNavio
  • ID: 5681702
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The publisher has been monitoring the home service market in US and it is poised to grow by $1.08 bn during 2022-2026, accelerating at a CAGR of 36.22% during the forecast period. This report on the home service market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

This report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing influence of digital media, rising trend of online on-demand home services, and rising demand for house help, especially among the working population.

The home service market in US analysis includes the distribution channel and type segments.

The publisher's home service market in US is segmented as below:

By Distribution Channel

  • Online
  • Offline

By Type

  • Home care and design
  • Repair and maintenance
  • HW and B
  • Others
This study identifies the increasing number of advertising and marketing campaigns as one of the prime reasons driving the home service market growth in US during the next few years. Also, increasing number of start-ups entering the market and increasing awareness pertaining to cleanliness and hygiene will lead to sizable demand in the market.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. This report on home service market in US covers the following areas:
  • Home service market sizing
  • Home service market forecast
  • Home service market industry analysis
The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading home service market vendors in US that include Ace Handyman Services, Amazon.com Inc., American Home Shield Corp., Angi Inc., Chemed Corp., Handy Technologies Inc., Handyman Connection, HOMEE Inc., HomeServe Plc, Ingka Holding B.V., Mister Sparky Franchising SPE LLC, Reliance Network and Home Services of America, Smiths Plumbing Services, TechCrunch, The Home Depot Inc., USA Plumbing Service, and Yelp Inc. Also, the home service market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The publisher's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Exhibit 01: Executive Summary - Chart on Market Overview
  • Exhibit 02: Executive Summary - Data Table on Market Overview
  • Exhibit 03: Executive Summary - Chart on Country Market Characteristics
  • Exhibit 04: Executive Summary - Chart on Market Segmentation by Distribution Channel
  • Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
  • Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Exhibit 07: Parent market
  • Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
  • Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
  • Exhibit 10: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
  • Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
  • Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
  • Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
  • Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
  • Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
  • Exhibit 16: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
  • Exhibit 17: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
  • Exhibit 18: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
  • Exhibit 19: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
  • Exhibit 20: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
  • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Distribution Channel
5.1 Market segments
  • Exhibit 22: Chart on Distribution Channel - Market share 2021-2026 (%)
  • Exhibit 23: Data Table on Distribution Channel - Market share 2021-2026 (%)
5.2 Comparison by Distribution Channel
  • Exhibit 24: Chart on Comparison by Distribution Channel
  • Exhibit 25: Data Table on Comparison by Distribution Channel
5.3 Online - Market size and forecast 2021-2026
  • Exhibit 26: Chart on Online - Market size and forecast 2021-2026 ($ million)
  • Exhibit 27: Data Table on Online - Market size and forecast 2021-2026 ($ million)
  • Exhibit 28: Chart on Online - Year-over-year growth 2021-2026 (%)
  • Exhibit 29: Data Table on Online - Year-over-year growth 2021-2026 (%)
5.4 Offline - Market size and forecast 2021-2026
  • Exhibit 30: Chart on Offline - Market size and forecast 2021-2026 ($ million)
  • Exhibit 31: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
  • Exhibit 32: Chart on Offline - Year-over-year growth 2021-2026 (%)
  • Exhibit 33: Data Table on Offline - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Distribution Channel
  • Exhibit 34: Market opportunity by Distribution Channel ($ million)
6 Market Segmentation by Type
6.1 Market segments
  • Exhibit 35: Chart on Type - Market share 2021-2026 (%)
  • Exhibit 36: Data Table on Type - Market share 2021-2026 (%)
6.2 Comparison by Type
  • Exhibit 37: Chart on Comparison by Type
  • Exhibit 38: Data Table on Comparison by Type
6.3 Home care and design - Market size and forecast 2021-2026
  • Exhibit 39: Chart on Home care and design - Market size and forecast 2021-2026 ($ million)
  • Exhibit 40: Data Table on Home care and design - Market size and forecast 2021-2026 ($ million)
  • Exhibit 41: Chart on Home care and design - Year-over-year growth 2021-2026 (%)
  • Exhibit 42: Data Table on Home care and design - Year-over-year growth 2021-2026 (%)
6.4 Repair and maintenance - Market size and forecast 2021-2026
  • Exhibit 43: Chart on Repair and maintenance - Market size and forecast 2021-2026 ($ million)
  • Exhibit 44: Data Table on Repair and maintenance - Market size and forecast 2021-2026 ($ million)
  • Exhibit 45: Chart on Repair and maintenance - Year-over-year growth 2021-2026 (%)
  • Exhibit 46: Data Table on Repair and maintenance - Year-over-year growth 2021-2026 (%)
6.5 HW and B - Market size and forecast 2021-2026
  • Exhibit 47: Chart on HW and B - Market size and forecast 2021-2026 ($ million)
  • Exhibit 48: Data Table on HW and B - Market size and forecast 2021-2026 ($ million)
  • Exhibit 49: Chart on HW and B - Year-over-year growth 2021-2026 (%)
  • Exhibit 50: Data Table on HW and B - Year-over-year growth 2021-2026 (%)
6.6 Others - Market size and forecast 2021-2026
  • Exhibit 51: Chart on Others - Market size and forecast 2021-2026 ($ million)
  • Exhibit 52: Data Table on Others - Market size and forecast 2021-2026 ($ million)
  • Exhibit 53: Chart on Others - Year-over-year growth 2021-2026 (%)
  • Exhibit 54: Data Table on Others - Year-over-year growth 2021-2026 (%)
6.7 Market opportunity by Type
  • Exhibit 55: Market opportunity by Type ($ million)
7 Customer Landscape
7.1 Customer landscape overview
  • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
  • Exhibit 57: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
  • Exhibit 58: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
  • Exhibit 59: Overview on factors of disruption
9.4 Industry risks
  • Exhibit 60: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
  • Exhibit 61: Vendors covered
10.2 Market positioning of vendors
  • Exhibit 62: Matrix on vendor position and classification
10.3 Ace Handyman Services
  • Exhibit 63: Ace Handyman Services - Overview
  • Exhibit 64: Ace Handyman Services - Product/Service
  • Exhibit 65: Ace Handyman Services - Key offerings
10.4 Amazon.com Inc.
  • Exhibit 66: Amazon.com Inc. - Overview
  • Exhibit 67: Amazon.com Inc. - Business segments
  • Exhibit 68: Amazon.com Inc. - Key news
  • Exhibit 69: Amazon.com Inc. - Key offerings
  • Exhibit 70: Amazon.com Inc. - Segment focus
10.5 American Home Shield Corp.
  • Exhibit 71: American Home Shield Corp. - Overview
  • Exhibit 72: American Home Shield Corp. - Product/Service
  • Exhibit 73: American Home Shield Corp. - Key offerings
10.6 Handy Technologies Inc.
  • Exhibit 74: Handy Technologies Inc. - Overview
  • Exhibit 75: Handy Technologies Inc. - Product/Service
  • Exhibit 76: Handy Technologies Inc. - Key offerings
10.7 HomeServe Plc
  • Exhibit 77: HomeServe Plc - Overview
  • Exhibit 78: HomeServe Plc - Product/Service
  • Exhibit 79: HomeServe Plc - Key offerings
10.8 Ingka Holding B.V.
  • Exhibit 80: Ingka Holding B.V. - Overview
  • Exhibit 81: Ingka Holding B.V. - Product/Service
  • Exhibit 82: Ingka Holding B.V. - Key offerings
10.9 Reliance Network and Home Services of America
  • Exhibit 83: Reliance Network and Home Services of America - Overview
  • Exhibit 84: Reliance Network and Home Services of America - Product/Service
  • Exhibit 85: Reliance Network and Home Services of America - Key offerings
10.10 TechCrunch
  • Exhibit 86: TechCrunch - Overview
  • Exhibit 87: TechCrunch - Product/Service
  • Exhibit 88: TechCrunch - Key offerings
10.11 The Home Depot Inc.
  • Exhibit 89: The Home Depot Inc. - Overview
  • Exhibit 90: The Home Depot Inc. - Product/Service
  • Exhibit 91: The Home Depot Inc. - Key offerings
10.12 Yelp Inc
  • Exhibit 92: Yelp Inc - Overview
  • Exhibit 93: Yelp Inc - Product/Service
  • Exhibit 94: Yelp Inc - Key offerings
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
  • Exhibit 95: Inclusions checklist
  • Exhibit 96: Exclusions checklist
11.3 Currency conversion rates for US$
  • Exhibit 97: Currency conversion rates for US$
11.4 Research methodology
  • Exhibit 98: Research methodology
  • Exhibit 99: Validation techniques employed for market sizing
  • Exhibit 100: Information sources
11.5 List of abbreviations
  • Exhibit 101: List of abbreviations
  • adoption of multichannel marketing strategies: The key vendors in the market are striving to expand their target customer base by investing in marketing and promotional activities. Large specialized consumer service providers aim at strengthening their presence by investing in brand visibility activities, celebrity endorsements, and marketing through channels such as television, radio, the Internet, print media, posters, and direct mails. The competitors also use a targeted advertising approach and launch advertisements that are designed and crafted to promote the services and communicate the brand positioning.
  • attrition and training: Professional, skilled, and unskilled workforce is required to provide specialized consumer services. However, there is a shortage of skilled and professional workforce to meet the demand. For instance, in security services, a skilled workforce is required when new monitoring devices and security gadgets are developed and adopted. Several vendors provide rigorous training to their employees about the handling of critical tasks while serving specialized consumer services. However, the retention of such a workforce is a major challenge.
Exhibits:
Exhibit 1: Executive Summary - Chart on Market Overview
Exhibit 2: Executive Summary - Data Table on Market Overview
Exhibit 3: Executive Summary - Chart on Country Market Characteristics
Exhibit 4: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 5: Executive Summary - Chart on Market Segmentation by Type
Exhibit 6: Executive Summary - Chart on Vendor Market Positioning
Exhibit 7: Parent market
Exhibit 8: Market Characteristics
Exhibit 9: Offerings of vendors included in the market definition
Exhibit 10: Market segments
Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)
Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
Exhibit 16: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibit 17: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibit 18: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibit 19: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibit 20: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibit 21: Chart on Market condition - Five forces 2021 and 2026
Exhibit 22: Chart on Distribution Channel - Market share 2021-2026 (%)
Exhibit 23: Data Table on Distribution Channel - Market share 2021-2026 (%)
Exhibit 24: Chart on Comparison by Distribution Channel
Exhibit 25: Data Table on Comparison by Distribution Channel
Exhibit 26: Chart on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Data Table on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 28: Chart on Online - Year-over-year growth 2021-2026 (%)
Exhibit 29: Data Table on Online - Year-over-year growth 2021-2026 (%)
Exhibit 30: Chart on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Chart on Offline - Year-over-year growth 2021-2026 (%)
Exhibit 33: Data Table on Offline - Year-over-year growth 2021-2026 (%)
Exhibit 34: Market opportunity by Distribution Channel ($ million)
Exhibit 35: Chart on Type - Market share 2021-2026 (%)
Exhibit 36: Data Table on Type - Market share 2021-2026 (%)
Exhibit 37: Chart on Comparison by Type
Exhibit 38: Data Table on Comparison by Type
Exhibit 39: Chart on Home care and design - Market size and forecast 2021-2026 ($ million)
Exhibit 40: Data Table on Home care and design - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Chart on Home care and design - Year-over-year growth 2021-2026 (%)
Exhibit 42: Data Table on Home care and design - Year-over-year growth 2021-2026 (%)
Exhibit 43: Chart on Repair and maintenance - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Data Table on Repair and maintenance - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Chart on Repair and maintenance - Year-over-year growth 2021-2026 (%)
Exhibit 46: Data Table on Repair and maintenance - Year-over-year growth 2021-2026 (%)
Exhibit 47: Chart on HW and B - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Data Table on HW and B - Market size and forecast 2021-2026 ($ million)
Exhibit 49: Chart on HW and B - Year-over-year growth 2021-2026 (%)
Exhibit 50: Data Table on HW and B - Year-over-year growth 2021-2026 (%)
Exhibit 51: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 53: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 54: Data Table on Others - Year-over-year growth 2021-2026 (%)
Exhibit 55: Market opportunity by Type ($ million)
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibit 57: Impact of drivers and challenges in 2021 and 2026
Exhibit 58: Overview on Criticality of inputs and Factors of differentiation
Exhibit 59: Overview on factors of disruption
Exhibit 60: Impact of key risks on business
Exhibit 61: Vendors covered
Exhibit 62: Matrix on vendor position and classification
Exhibit 63: Ace Handyman Services - Overview
Exhibit 64: Ace Handyman Services - Product/Service
Exhibit 65: Ace Handyman Services - Key offerings
Exhibit 66: Amazon.com Inc. - Overview
Exhibit 67: Amazon.com Inc. - Business segments
Exhibit 68: Amazon.com Inc. - Key news
Exhibit 69: Amazon.com Inc. - Key offerings
Exhibit 70: Amazon.com Inc. - Segment focus
Exhibit 71: American Home Shield Corp. - Overview
Exhibit 72: American Home Shield Corp. - Product/Service
Exhibit 73: American Home Shield Corp. - Key offerings
Exhibit 74: Handy Technologies Inc. - Overview
Exhibit 75: Handy Technologies Inc. - Product/Service
Exhibit 76: Handy Technologies Inc. - Key offerings
Exhibit 77: HomeServe Plc - Overview
Exhibit 78: HomeServe Plc - Product/Service
Exhibit 79: HomeServe Plc - Key offerings
Exhibit 80: Ingka Holding B.V. - Overview
Exhibit 81: Ingka Holding B.V. - Product/Service
Exhibit 82: Ingka Holding B.V. - Key offerings
Exhibit 83: Reliance Network and Home Services of America - Overview
Exhibit 84: Reliance Network and Home Services of America - Product/Service
Exhibit 85: Reliance Network and Home Services of America - Key offerings
Exhibit 86: TechCrunch - Overview
Exhibit 87: TechCrunch - Product/Service
Exhibit 88: TechCrunch - Key offerings
Exhibit 89: The Home Depot Inc. - Overview
Exhibit 90: The Home Depot Inc. - Product/Service
Exhibit 91: The Home Depot Inc. - Key offerings
Exhibit 92: Yelp Inc - Overview
Exhibit 93: Yelp Inc - Product/Service
Exhibit 94: Yelp Inc - Key offerings
Exhibit 95: Inclusions checklist
Exhibit 96: Exclusions checklist
Exhibit 97: Currency conversion rates for US$
Exhibit 98: Research methodology
Exhibit 99: Validation techniques employed for market sizing
Exhibit 100: Information sources
Exhibit 101: List of abbreviations

Executive Summary

Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes the publisher's platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Ace Handyman Services
  • Amazon.com Inc.
  • American Home Shield Corp.
  • Angi Inc.
  • Chemed Corp.
  • Handy Technologies Inc.
  • Handyman Connection
  • HOMEE Inc.
  • HomeServe Plc
  • Ingka Holding B.V.
  • Mister Sparky Franchising SPE LLC
  • Reliance Network and Home Services of America
  • Smiths Plumbing Services
  • TechCrunch
  • The Home Depot Inc.
  • USA Plumbing Service
  • Yelp Inc

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