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The US Home Service Market (2018-2022 Edition)

Publish Date:Nov 2018
No. of Pages:58

Format : Adobe Reader (PDF) Instant delivery

US$ 800.00

Scope of the Report

The report entitled “The US Home Service Market (2018-2022 Edition)”, provides analysis of the US home service market, with detailed analysis of market size and growth, and segmentation of the industry. The analysis includes the market by value and by segmentation.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall the US home service market has also been forecasted for the years 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

IAC (Home Adviser & Angie’s List), Yelp Inc., Amazon (Amazon Home Service) and INGKA Holding B.V. (TaskRabbit) are some of the key players operating in the US home service market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.

Company Coverage

IAC (Home Adviser & Angie’s List)
Yelp Inc.
Amazon (Amazon Home Service)
INGKA Holding B.V. (TaskRabbit)

  Executive Summary

Home service is the market associated with various services which are applied for repairing and maintenance of the houses. Repairing of the house involves repairing of worn, consumed, dull, dirty, clogged, broken or damaged goods of the house.

Cleaning, plumbing, decoration, landscaping, renovation, restoration, flooring, etc. are few services which are categorized under maintenance services of the home service providing companies. Home service industry apply various models while dealing with customers like homeowner subscription, lead based model, accepted lead model, commission model, etc.

Home service companies operates through two modes i.e. online mode and offline mode. In online mode, company’s services are offered via official website of the company where a customer can apply directly whereas in offline mode, the customer has to be physically present in the company for filling up application asking for services. Home services involves many advantages such as application of updated techniques, professionals assistance, less time consuming, etc. Though there are few disadvantages which the industry faces for example security issues, expensive services, etc.

The US home service market is expected to increase at a significant growth rate during the forecasted period (2018-2022). The US home service market is supported by various growth drivers, such as increased marketing by home services platforms, increase in the number of service providers, instant book/instant connect options, etc. Yet, the market faces certain challenges, such as, safety concern and costly services, diminishing worth of word-of-mouth, etc. Few market trends are also provided such as, customized job rather flat-rate or fixed-fee, increasing internet penetration, etc.

1. Executive Summary

2. Introduction

2.1 Home Service: An Overview

2.1.1 Home Service Meaning
2.1.2 Home Service Segments
2.1.3 Home Services Model
2.1.4 Advantages and Disadvantages of Home Services
2.1.5 Modes of Home Service 

3. Market Sizing

3.1 The US Home Service Market: An Analysis

3.1.1 The US Home Service Market by Value
3.1.2 The US Home Service Market by Segment (Online and Offline)
3.1.3 The US Online Home Service Market by Value
3.1.4 The US Offline Home Service Market by Value

4. Market Dynamics

4.1 Growth Drivers

4.1.1 Industry as a Source of Inspiration and Ideas 
4.1.2 Augmented Marketing by Home Services Platforms
4.1.3 Growing Number of Service Providers
4.1.4 Increasing GNI Per Capita in the US
4.1.5 Increasing Site Visitors
4.1.6 Enhanced Home Booking Platform Features 
4.1.7 Instant Book/Instant Connect Options
4.1.8 Smartphone Penetration and Growing M-Commerce Platform
4.1.9 Growing Millennial Population and  Homeowners
4.1.10 Increasing Urbanization and Hectic Lifestyles

4.2 Challenges

4.2.1 Safety Concern and Costly Services
4.2.2 Diminishing Worth of Word-of-Mouth

4.3 Market Trends

4.3.1 Customized Job Rather Flat-Rate or Fixed-Fee
4.3.2 Developing Technology
4.3.3 Increasing Internet Penetration

5. Competitive Landscape

5.1 The US Home Service Market Player by Share
5.2 The US Home Service Market by Player Competitive Landscape Overview

6. Company Profiling

6.1 IAC (Home Adviser) 
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategy

6.2 Yelp Inc.
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategy

6.3 Amazon (Amazon Home Service)
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategy

6.4 INGKA Holding B.V. (TaskRabbit) 
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategy
Figure 1: Home Service Segments
Figure 2: Home Services Model
Figure 3: Advantages and Disadvantages of Home Services
Figure 4: Modes of Home Service
Figure 5: The US Home Service Market by Value; 2016-2017 (US$ Billion)
Figure 6: The US Home Service Market by Value; 2018-2022 (US$ Billion)
Figure 7: The US Home Service Market by Segment (Online and Offline); 2017 (Percentage, %)
Figure 8: The US Online Home Service Market by Value; 2016-2017 (US$ Billion)
Figure 9: The US Online Home Service Market by Value; 2018-2022 (US$ Billion)
Figure 10: The US Offline Home Service Market by Value; 2016-2017 (US$ Billion)
Figure 11: The US Offline Home Service Market by Value; 2018-2022 (US$ Billion)
Figure 12: Number of HomeService Company’s Site Visitors for Inspiration/Ideas; 2017 (Percentage, %)
Figure 13: The US GNI Per Capita; 2010-2016 (US$)
Figure 14: Number of HomeService Company’s Site Visitors for Selection of Service Professionals; 2017 (Percentage, %)
Figure 15: Number of Smartphone Users in The US; 2014-2020 (Million)
Figure 16: The US Millennial Population; 2015-2036 (Million)
Figure 17: The US Urban Population; 2010-2016 (Million)
Figure 18: The US Population Using Internet; 2012-2016 (Percentage, %)
Figure 19: The US Home Service Market Player by Site Visitors Share; 2017 (Percentage, %)
Figure 20: IAC Revenue; 2013-2017 (US$ Billion)
Figure 21: IAC Revenue by Segment; 2017 (Percentage, %)
Figure 22: IAC Revenue by Region; 2017 (Percentage, %)
Figure 23: Yelp Inc. Net Revenue ; 2013-2017 (US$ Million)
Figure 24: Yelp Inc. Net Revenue by Product ; 2017 (Percentage, %)
Figure 25: Amazon Net Sales; 2013-2017 (US$ Billion)
Figure 26: Amazon Net Sales by Region; 2017 (Percentage, %)
Figure 27: IKEA Total Revenue; 2013-2017 (US$ Billion)
Figure 28: IKEA Sales by Region; 2017 (Percentage, %)
Table 1: The US Home Service Market Competitive Landscape Overview; 2017