Malaysia’s Online On-demand Home Services Market to Record 42.93% CAGR in 2021 | Key Players Like Grab Maid Tech Sdn Bhd Leverage Strategic Collaborative Initiatives

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NEW YORK, January 19, 2022 /PRNewswire/ — Online on-demand home services market in Malaysia Quick Facts-

Attractive Opportunities in the Malaysia Online On-demand Home Services Market by Service and Platform – Forecast and Analysis 2021-2025

  • Total Pages: 120

  • Companies: 10+ – ADVANCE DREAMS VENTURE Sdn Bhd, Breezy Clean Homes, Business Pixel Sdn Bhd, Clinfess Enterprise, EasyFix, Grab Maid Tech Sdn Bhd, Kaodim, LocalService Malaysia, M4U SERVICES Sdn Bhd, Maideasy Sdn Bhd among others.

  • Blanket: Main Drivers, Trends and Challenges; Product information and news; Value chain analysis; Parent market analysis; Landscape of vendors; COVID Impact and Recovery Analysis

  • segments: Services (home maintenance and design, repair maintenance, HWB, and others) and Platform (mobile apps and online website)

  • Geographies: Malaysia

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According to recent Technavio market research, the Online on-demand home services market in Malaysia is expected to grow by USD 50.49 billion from 2020 to 2025, with an accelerated CAGR of 55.29%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major investment pockets.

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Overview of Suppliers-

The online on-demand home services market in Malaysia is fragmented and vendors are deploying growth strategies such as search engine optimization, as well as social media advertising to increase web traffic and compete in the market.

One of the major players in the market is Grab Maid Tech Sdb Bhd. The sellers in the targeted market aim to expand their consumer base to increase their revenue. These vendors are leveraging strategic collaborative initiatives to increase market share and profitability.

Additionally, these leading providers provide their on-demand home services online through mobile apps. Customers can see the charges once they have opted in to the required service.

In addition, Maideasy Sdn Bhd also offers its customers the opportunity to rate the services offered by the company. Customers can choose to pay online or offline.

Find additional highlights on vendors and their product offerings. Download a free sample report

Regional Market Outlook

On-demand online home services market share growth in Malaysia will be significant. The increasing use of smartphones and the increasing penetration of the Internet in Malaysia are expected to drive the growth of this market segment over the forecast period.

Changing consumer lifestyles, as well as an increase in the disposable income of people in Malaysia, are fueling demand for on-demand home cleaning and design services. In addition, cleaning and maintaining hygiene in the home has become a necessity in every household and factors, such as the increase in the number of providers offering home care and design services, will contribute significantly to the growth of the on-demand online home services market. in Malaysia during the forecast period.

Download our FREE sample report for more key highlights on the regional market share of most of the countries mentioned above.

Latest drivers and challenges driving the market-

Online on-demand home services encompass all digital marketplaces that provide convenient access to a wide range of home services. The global demand for on-demand online home services is increasing due to the convenience and accessibility offered by these services. Moreover, most of the online on-demand home service apps provide all the necessary home service options on the same platform. This allows consumers to easily choose required services within the same app instead of switching between apps. Thus, the market for on-demand online home services in Malaysia is expected to register a steady growth rate during the forecast period.

The online on-demand home services market in Malaysia is dynamic due to the presence of several regional and international players who compete on parameters such as acquisitions, expansions and marketing and advertising campaigns. Moreover, with the entry of new startups and the competition among the existing players in the market, it is expected to intensify during the forecast period. In addition, the presence of many suppliers intensifies competition and increases price warfare between suppliers.

Find additional information on various other market drivers and trends mentioned in our Sample FREE Report.

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Scope of the online on-demand home services market in Malaysia

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 55%

Market Growth 2021-2025

$50.49 billion

Market structure

Fragmented

Annual growth (%)

42.93

Regional analysis

Malaysia

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

ADVANCE DREAMS VENTURE Sdn Bhd, Breezy Clean Homes, Business Pixel Sdn Bhd, Clinfess Enterprise, EasyFix, Grab Maid Tech Sdn Bhd, Kaodim, LocalService Malaysia, M4U SERVICES Sdn Bhd and Maideasy Sdn Bhd

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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