US Home Service Market by Deployment (Online, Offline), by Repair & Maintenance (Electricity, Plumbing, Gas, HVAC, Handyman, others), by Home Improvement Type & Forecast
US Home Service Market Analysis
According to Verified Market Research, the United States Home Services Market was valued at USD 105.55 Billion in 2018 and is projected to reach USD 219.07 Billion by 2026, growing at a CAGR of 35.8% from 2019 to 2026.
US Home Service Market Outlook:
Major Driving Factors inUS Home Service Market:
The rise in the adoption of smartphones is significantly aiding in the growth of the home service market. The smartphone technology is developing in such a way that it is influencing the consumers daily marketing strategies, business activities as well as lifestyle. Along with the rise in the adoption of smartphones comes the rise in internet penetration which in turn has boosted the growth of the market.
Major Restraints inUS Home Service Market:
The lack of a standardized pricing model for online home services, the cost associated with services, safety concerns, and diminishing worth of word-of-mouth might act as a restraint for the market in the forecast period. Due to the relatively new nature of online home services, there is now a standard that has been set for the services that are yet to be provided.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The The US Home Service Market is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
The United States Home Services Market Segmentation:
The United States Home Services Market is segmented on the deployment, repairs ; maintenance, home improvement type, and geography.
Key Players In US Home Service Market
The US Home Service Market study report will provide valuable insight with an emphasis on the global market including some of the major players such as Amazon Home Service, Home Depot and American Home Shield.
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