Digital is the Future:
Companies will continue to
invest in digital marketing strategies to improve their service visibility and promoting
sales. Advertisements on social media platforms such as YouTube, Instagram and
Facebook will enable companies to enhance brand awareness and attract potential
customers. Internet penetration is high in UAE, almost 99% of the population
use internet. Around 51% individuals
purchased a product or service online via a smartphone which indicates the
customers’ continued reliance to procure products or services online due to
increasing convenience and accessibility.
Ease
of Market Entry:
In 2021, the regulations of
provision for establishing a new company allows any individual of any origin to
hold 100% ownership of the business. It does not require to partner with an
Emirati to register the company. Companies now have reduced entry barrier to
enter the industry, which is still at a nascent stage and is expected to grow.
UAE Home Cleaning Services Market Offer:
Increase in vertical
expansion of service offerings such as introducing cooks and chefs who
specialize in particular cuisine; baking at home services, providing tuitions,
etc. could be booked online on-demand. Merging with food delivery and grocery
marketplaces to expand its services offerings will give a new meaning to
on-demand home services. Marketplaces will aim to increase the number of
bookings of beauty services, as the average ticket size for these services is
higher than cleaning services. Promotional offers and discounts would be
offered to attract new customers.
Increase
in development of residential real estate market:
It is forecasted that the
residential real estate market in UAE would increase ~10% in the next 5 years.
Also, it is predicted that the real estate prices will reduce in the region.
This will led to shift to households from 1bhk to 2 bhk apartments, leading to
an increase in the demand for on-demand home services. Government incentives
such as special investor and retirement visas, golden long-term visas, as well
as the reduction of the loan-to-value (LTV) for first time homebuyers to 20% by
the UAE Central Bank, low interest rates and competitive mortgage products will
give a boost to the industry.
The publication titled “UAE On-Demand Home Services Industry:
Driven by changing consumer lifestyle and increasing adoption of digitally
enabled services” provides a
comprehensive analysis of the on-demand home services industry by analyzing
historical statistics and corresponding developments in the on-demand home
services market. The market growth spiked during COVID as people were reluctant
to step out of their houses. People preferred booking home services online
directly from these marketplaces or service providers. Given the fragmented
completion structure in the on-demand home services industry, analysts have
elaborated on competitive landscape of major marketplaces and service providers
on the basis of services offered and operational parameters. The report also
covers a snapshot on marketplace and service providers business model, value
chain analysis, growth drivers, Porters 5 forces analysis, impact of COVID-19
and factors governing the future outlook of industry. The report also provides
comprehensive insight on the market size and segmentation of the industry. The
report highlights the pain points of the on-demand home services industry along
with detailed company profiles of major service providers and marketplaces. The
report concludes with projections for future industry market size, market
segmentations and analyst take on future market scenario.
Key
Segments Covered in UAE On-Demand Home Services Industry
·
By Type of Services
·
Cleaning
·
Repair and Maintenance
·
Beauty
·
Others
·
By Geography
·
Dubai
·
Abu Dhabi
·
Others
·
By Deployment
·
Online
·
Offline
𝗧𝗼 𝗚𝗲𝘁 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 𝗼𝗳 @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTI0MDUx
Time
Period Captured in the Report:
·
Historical Period: 2017-2021
·
Forecast Period: 2022F-2026F
UAE
On-Demand Home Services Players
·
Marketplaces
·
Justlife
·
Urban Company
·
ServiceMarket
·
Rizek
·
Usta
·
Service Providers
·
Hitches and Glitches
·
MPlus
·
Elite Maids
·
Helpsters Cleaning Services
Key
Topics Covered in the Report
·
Socio-economic Landscape of UAE
·
Evolution of UAE On-Demand Home Service
Industry
·
Ecosystem of UAE On-Demand Home Service
Industry
·
Future Outlook of On-Demand Home Services
Industry
·
UAE On-Demand Home Service major entities
Business Model
·
Market Size of On-Demand Home Services
Industry by Revenue
·
Demand Drivers and Trends in On-Demand Home
Services Industry
·
Impact of COVID on demand and user
preferences in the On-Demand Home Services Industry
·
Trends and Developments in On-Demand Home
Services Industry
·
Challenges faced in the On-Demand Home
Services Industry
·
Government Rules and Regulations in the
On-Demand Home Services Industry
·
Impact of COVID-19 on the On-Demand Home
Services Industry
·
Comparison of Pre and Post COVID scenarios
·
Competitive Scenario of the On-Demand Home
Services Industry
·
Competition in On-Demand Home Services
Marketplace
·
Competition among On-Demand Home Services
Providers
·
Case Study on Urban Company Business Model
·
Future Trends and Market Size of On-Demand
Home Services Industry by Revenue
·
Future Market Segmentation of On-Demand Home
Services Industry by type of services, geography, deployment
·
Industry speaks
·
Analyst Recommendations
Related
Reports
Contact
Us:-
Ken Research
Ankur Gupta, Head Marketing
& Communications
+91-9015378249
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