USD 1.77 Bn growth in Online On-Demand Services Market in Europe | Dominated by A and K Ventures OU, A1 Quality Cleaning Services, Amazon.com Inc., and other vendors | Technavio – PR Newswire

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The 120 pages report on the online on-demand services market in Europe offers comprehensive analysis by service (home services, construction services, transportation services, finance and legal services, and others) and geography (the UK, Sweden, Germany, the Netherlands, and the Rest of Europe).
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Feb 04, 2022, 11:00 ET
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NEW YORK, Feb. 4, 2022 /PRNewswire/ — The online on-demand services market size in Europe is expected to increase by USD 1.77 trillion between 2020 and 2025, accelerating a CAGR of 58.30% during the forecast period. The improved lifestyles of people, especially in the developed countries in the region are creating high growth potential in the market. In addition, the rising adoption of smartphones, availability of high-speed internet, and the expansion of the working class are increasing the demand for services that are convenient and save time. These factors are creating high growth potential in the market, which is resulting in a rise in the number of startups offering online on-demand services in Europe.
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Online On-Demand Services Market in Europe: Segmentation Analysis
The home services segment will generate maximum revenue in the online on-demand services market in Europe. The segment is driven by the increasing demand for services such as interior designing, pest control, home deep cleaning, sofa cleaning, laundry services, glasswork, woodwork, and waterproofing. In addition, the entry of new players offering home services is further accelerating the growth of the segment.
In terms of geography, the Rest of Europe segment will have the largest share of the market. The growing awareness about the benefits of availing online on-demand services is driving the growth of the online on-demand services market in the Rest of Europe. Vendors operating in this region are increasing their spending on marketing activities on social media and other online platforms to create awareness among consumers. Also, the increasing number of smartphone users in this region is driving the growth of the regional market.
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Online On-demand Services Market In Europe: Major Growth Drivers
The following factors are expected to drive the growth of the market during the forecast period:
Also, the increasing influence of digital media is expected to have a positive impact on the growth of the online on-demand services market in Europe during 2021-2025. With the proliferation of smartphones and the internet, digital media has emerged as the key marketing tool for online on-demand service providers. Vendors are widely adopting digital marketing strategies to expand their presence and drive sales. For instance, vendors are sending push messages and emails that contain information about the new product launches and discount offerings to customers. Vendors are also leveraging social media platforms such as YouTube, Facebook, Twitter, and Instagram for promotional campaigns. All these factors are increasing the awareness among consumers, which is supporting the growth of the market in focus.
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Online On-demand Services Market In Europe: Key Vendor Offerings
A and K Ventures OU: The company offers online on-demand services under SPIC AND SPAN home and office cleaning.
A1 Quality Cleaning Services: The company offers professional cleaning services under online on-demand services.
Amazon.com Inc.: The company offers online on-demand services in various categories such as assembly, smart home, electrical, plumbing, and others.
Cleaners of London: The company offers online on-demand home services that include end-of-tenancy cleaning, domestic cleaning, office cleaning, and carpet cleaning.
Klarx GmbH: The company offers online on-demand services for various construction machines such as cranes, loaders, dumpers, and others.
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Online On-demand Services Market in Europe Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 58.30%
Market growth 2021-2025
USD 1.77 trillion
Market structure
Fragmented
YoY growth (%)
26.89
Regional analysis
the UK, Sweden, Germany, the Netherlands, and the Rest of Europe
Performing market contribution
Rest of Europe at 61%
Key consumer countries
UK
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
A and K Ventures OU, A1 Quality Cleaning Services, Amazon.com Inc., Cleaners of London, Klarx GmbH, Lawbit Ltd., MAID2CLEAN (FRANCHISE) Ltd., Smartbeam SA, Swan, and Via Transportation Inc.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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