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Global Industry Analysts Predicts The World Online On-Demand Home Services Market To Reach $2.9 Trillion By 2026

SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc.

SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled  "Online On-Demand Home Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE Edition: 6;  Released: April 2021 Executive Pool: 1093 Companies: 45 - Players covered include Amazon.com, Inc.; ANGI Homeservices, Inc.; Handy Technologies, Inc.; Helpling GmbH; TaskRabbit, Inc. and Others. Coverage: All major geographies and key segments Segments: Segment (Home Care & Design, Repair & Maintenance, Health, Wellness, & Beauty, Other Segments) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Online On-Demand Home Services Market to Reach $2.9 Trillion by 2026Amid the COVID-19 crisis, the global market for Online On-Demand Home Services estimated at US$281.9 Billion in the year 2020, is projected to reach a revised size of US$2.9 Trillion by 2026, growing at a CAGR of 46.7% over the analysis period. Home Care & Design, one of the segments analyzed in the report, is projected to record a 48.1% CAGR and reach US$1.8 Trillion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Repair & Maintenance segment is readjusted to a revised 49.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $133.7 Billion in 2021, While China is Forecast to Reach $463.6 Billion by 2026The Online On-Demand Home Services market in the U.S. is estimated at US$133.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$463.6 Billion by the year 2026 trailing a CAGR of 44% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 42.5% and 39.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 31.7% CAGR.

Health, Wellness, & Beauty Segment to Reach US$365.8 Billion by the year 2026In the global Health, Wellness, & Beauty segment, USA, Canada, Japan, China and Europe will drive the 39% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$39 Billion in the year 2020 will reach a projected size of US$392.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on  iOS or  Android About Global Industry Analysts, Inc. & StrategyR Global Industry Analysts, Inc., ( www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS: Zak AliDirector, Corporate CommunicationsGlobal Industry Analysts, Inc.Phone: 1-408-528-9966 www.StrategyR.com Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.