Showing posts with label At-Home Services Industry KSA. Show all posts
Showing posts with label At-Home Services Industry KSA. Show all posts

Tuesday, May 16, 2023

Unlocking Future Growth: KSA On-Demand Home Services Market Relies On Knowledgeable Employees And Advanced Tools As Key Commodities – Ken Research

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Insights from Ken Research: Value Addition, Geographic Expansion, and Targeted Marketing Strategies Key to Boosting On-Demand Home Service Market in KSA.

1. Service Providers Dominate KSA's Fragmented On-Demand Home Service Market, Holding 95% of the Share.

KSA On-Demand Home Service Market

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  • The KSA On-Demand Home Service Market is fragmented with offline service provider holding 95% market share among 800+ service provider whereas, marketplace is consolidated with marketplace service provider holding 5% market share among 10 marketplace service providers.
  • The players compete with each other on the basis of its Business USP, Services Catered, Booking Mode and Ratings on App.
  • Major players entailing in Market place are positioned either in high quality and high services or low services and high quality.

2. Boosting Business: Recommendations for Expanding Geographical Reach and Tailoring Services to Target Audiences.

KSA On-Demand Home Service Market

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  • Increasing the geographical reach in KSA can be advantageous for catering services to a larger customer base and ultimately increasing revenue.
  • Offering value-added services can also be a viable strategy for attracting end-users to choose a specific service provider or marketplace.
  • Vertical expansion of service offerings could also be considered, such as hiring specialized chefs with expertise in specific cuisines, among other services.
  • By expanding the target audience, both service providers and marketplaces can increase their market size and revenue

For more insights on the market intelligence, refer to the link below:-

KSA On-Demand Home Service Market

Monday, April 24, 2023

From Pandemic to Prosperity: How KSA's On-Demand Home Service Market Crosses $1 Bn in 2022? And what’s more? : Ken Research

On-Demand Home Service Industry in KSA is expected to growth at a robust CAGR of 7.5% in next 5 years, says a report by Ken Research

1. Resilience Amidst Adversity: On-Demand Home Services in KSA Remain Least Impacted by COVID-19's Economic Fallout.

Since the first confirmed case of COVID-19 was announced in KSA on March 2, 2020, the country's economy has been significantly affected. However, the on-demand home service market has shown resilience throughout the pandemic. The Saudi authorities adopted a lockdown strategy on March 8, 2020, to contain the disease, and during the second wave observed on February 21, 2021, gatherings were restricted, and people avoided crowded areas, leading to a boost in the home services industry. Even during the Omicron-driven COVID-19 wave that hit KSA on December 1, 2021, the on-demand home service business remained unaffected. As of August 26, 2022, residents of KSA have adapted to the new normal, and the on-demand home service market continues to thrive.

KSA On-Demand Home Service Market

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2. Revolutionizing the Residential Property Market: How 'Sakani' Initiative by Saudi Ministry of Housing is Set to Boost the On-Demand Home Service Market.

With a current population of 32 million and a growth rate of over 2% annually, Saudi Arabia is facing a housing shortage that is exacerbated by the demand from expatriates, who make up about 5.5 million of the country's workforce. To address this issue, the government is encouraging developers to construct affordable housing projects, and banks are being provided with mortgage options to make it easier for Saudi youth and expatriates to afford real estate, particularly apartments. In line with this, the Saudi Ministry of Housing has unveiled plans to build approximately 19,500 homes for its citizens under the 'Sakani' housing development program. These initiatives are expected to increase home ownership rates, leading to a potential boost in the Saudi residential property market, which could have a positive impact on the on-demand home services industry.

KSA On-Demand Home Service Market

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Existing Debt Collection Companies
  • Law Firms
  • Financing Companies
  • Non-Financing Companies
  • Insurance Companies
  • Debt Collection & Management software providers
  • Government Agencies
  • Finance Consultants
  • Others

Time Period Captured in the Report

  • Historical Period: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022-2027

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Companies

Service Providers

  • Com
  • Extra
  • Tamam
  • Kone
  • Albaap
  • Healthy Home
  • New Vision
  • Jawa Hr
  • Muheel

Marketplaces

  • B8ak
  • Urban Company
  • Smasco
  • Firstfix
  • Serviis
  • Maharah
  • Dari
  • Justlife
  • Fanni

For More Insights On Market Intelligence, Refer To The Link Below: –

KSA On-Demand Home Service Market

Related Report by Ken Research: –

UAE On-Demand Home Services Industry Outlook to 2026