Global Home Services Market
Report Highlights
Global Home Services Market By Deployment , By Repairs & Maintenance, By Home Improvement Type, By Geographic Scope and Forecast
According to Verified Market Research, the Global Home Services Market was valued at USD 328.52 Billion in 2018 and is expected to witness a growth of 20.93% from 2019-2026 and reach USD 14.62 Trillion by 2026.
Home services is a term that is used encompasses various intangible assets that are provided by businesses for residential homes. There are several businesses that are provided by home services that span across various sectors of business such as repairs and maintenance, installations, home improvement and others. As the number of services that can be provided by the home service market increases, the scope, and therefore the industry of home services is growing. With the increase in the adoption of technology comes the increase in the online as well as mobile booking services. Home services are essentially a more modern and simplified way to buy as well as schedule professional services.
The recent growth of the adoption of home services can be in part attributed to the evolution of the real estate and building cluster where physical facilities are considered a part of a service system. The advent of new technology coupled with the increasing awareness of services that can be provided in home services are aiding in the growth of the market. Some of the main reasons for the introduction of home services were the service it provides to the inhabitants of a home as well as the overall cost efficiency of the provision of these services for the service provider.
The Global Home Services Market is segmented on the basis of Deployment, Repairs & Maintenance, Home Improvement and Geography. On the basis of Geography, the market has been segmented into North America, Europe, Asia Pacific, RoW.
North America is further segmented into U.S., Canada and Mexico. Europe is segmented into Germany, UK, France and Rest of Europe. Asia Pacific comprises China, Japan, India and Rest of Asia Pacific. The RoW comprises Middle East and Africa and Latin America
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