The US Home Service Market: Size, Trends and Opportunities (2019-2023 Edition)


Scope of the Report

The report entitled ?The US Home Service Market: Size, Trends and Opportunities (2019-2023 Edition)?, provides analysis of the US home service market, with detailed analysis of the overall market in terms of value followed by analysis of its various segments.

Under competitive landscape, players in the US home service market have been compared on the basis of site visitors share. This is followed by a comparison of various players in the US home service market on the basis of different parameters such as mode of service, pre-lead fees, retail cross sales etc. A comparison of players operating specifically within the US landscaping market on the basis of revenues has also been included in this section.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall the US home service market has also been forecasted for the years 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

IAC (Home Advisor & Angie?s List), Yelp Inc., Amazon (Amazon Home Service) and INGKA Holding B.V. (TaskRabbit) are some of the key players operating in the US home service market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.

Company Coverage

IAC (Home Advisor & Angie?s List)
Yelp Inc.
Amazon (Amazon Home Service)
INGKA Holding B.V. (TaskRabbit)

Executive Summary

Home service is the market associated with various services which are applied for repairing and maintenance of the houses. Repairing of the house involves repairing of worn, consumed, dull, dirty, clogged, broken or damaged goods of the house.

Cleaning, plumbing, decoration, landscaping, renovation, restoration, flooring, etc. are few services which are categorized under maintenance services of the home service providing companies. Home service industry apply various models while dealing with customers like homeowner subscription, lead based model, accepted lead model, commission model, etc.

Home service companies operates through two modes i.e. online mode and offline mode. In online mode, company?s services are offered via official website of the company where a customer can apply directly whereas in offline mode, the customer has to be physically present in the company for filling up application asking for services. Home services involves many advantages such as application of updated techniques, professionals assistance, less time consuming, etc. Though there are few disadvantages which the industry faces for example security issues, expensive services, etc.

The US home service market is expected to increase at a significant growth rate during the forecasted period (2019-2023). The US home service market is supported by various growth drivers, such as increased marketing by home services platforms, increase in the number of service providers, instant book/instant connect options, etc. Yet, the market faces certain challenges, such as, safety concern and costly services, diminishing worth of word-of-mouth, etc. Few market trends are also provided such as, spike in Mergers and Acquisition (M&A) activity, customized job rather flat-rate or fixed-fee, increasing internet penetration, etc.
1. Executive Summary

2. Introduction

2.1 Home Service: An Overview

2.1.1 Home Service Meaning
2.1.2 Home Service Segments
2.1.3 Home Services Model
2.1.4 Advantages and Disadvantages of Home Services
2.1.5 Modes of Home Service 

3. The US Market Analysis

3.1 The US Home Service Market: An Analysis
3.1.1 The US Home Service Market by Value

3.2 The US Home Service Market: Type of Service Analysis

3.2.1 The US Home Service Market by Type of Service (Landscaping, HVAC, Flooring and Others)
3.2.2 The US Landscaping Home Service Market by Value 
3.2.3 The US Heating, Ventilation and Air Condition (HVAC) Home Service Market by Value 
3.2.4 The US Flooring Home Service Market by Value 

3.3 The US Home Service Market: Service Platform Analysis

3.3.1 The US Home Service Market by Service Platform
3.3.2 The US Offline Home Service Market by Value
3.3.3 The US Online Home Service Market by Value

4.Growth Drivers

4.1.1 Industry as a Source of Inspiration and Ideas 
4.1.2 Augmented Marketing by Home Services Platforms
4.1.3 Growing Number of Service Providers
4.1.4 Increasing GNI Per Capita in the US
4.1.5 Increasing Site Visitors
4.1.6 Enhanced Home Booking Platform Features 
4.1.7 Instant Book/Instant Connect Options
4.1.8 Smartphone Penetration and Growing M-Commerce Platform
4.1.9 Growing Millennial Population and  Homeowners
4.1.10 Increasing Urbanization and Hectic Lifestyles

4.2 Challenges
4.2.1 Safety Concern and Costly Services
4.2.2 Diminishing Worth of Word-of-Mouth

4.3 Market Trends
4.3.1 Spike in M&A Activity
4.3.2 Customized Job Rather Flat-Rate or Fixed-Fee
4.3.3 Developing Technology
4.3.4 Increasing Internet Penetration

5. Competitive Landscape

5.1 The US Home Service Market Player by Share
5.2 The US Home Service Market by Player Competitive Landscape Overview
5.3 Landscape Service Providers in US Comparison

6. Company Profiles

6.1 IAC (Home Adviser & Angie?s List) 
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategy

6.2 Yelp Inc. 
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategy

6.3 Amazon (Amazon Home Service) 
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategy

6.4 INGKA Holding B.V. (TaskRabbit) 
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategy

List of Figures

Figure 1: Home Service Segments
Figure 2: Home Services Model
Figure 3: Advantages and Disadvantages of Home Services
Figure 4: Modes of Home Service
Figure 5: The US Home Service Market by Value;2016-2018 (US$ Billion)
Figure 6: The US Home Service Market by Value; 2019-2023 (US$ Billion)
Figure 7: The US Home Service Market by Type of Service; 2018 (Percentage, %)
Figure 8: The US Landscaping Services by Value; 2017-2018 (US$ Billion)
Figure 9: The US Landscaping Services by Value; 2019-2023 (US$ Billion)
Figure 10: The US HVAC Home Service Market by Value; 2017-2018 (US$ Billion)
Figure 11: The US HVAC Home Service Market by Value; 2019-2023 (US$ Billion)
Figure 12: The US Flooring Home Service Market by Value; 2016-2018 (US$ Billion)
Figure 13: The US Flooring Home Service by Value; 2019-2023 (US$ Billion)
Figure 14: The US Home Service Market by Service Platform; 2018 (Percentage, %)
Figure 15: The US Offline Home Service Market by Value; 2016-2018 (US$ Billion)
Figure 16: The US Offline Home Service Market by Value; 2019-2023 (US$ Billion)
Figure 17: The US Online Home Service Market by Value; 2016-2018 (US$ Billion)
Figure 18: The US Online Home Service Market by Value; 2019-2023 (US$ Billion)
Figure 19: Number of HomeService Company?s Site Visitors for Inspiration/Ideas; 2017 (Percentage, %)
Figure 20: The US GNI Per Capita; 2013-2018 (US$)
Figure 21: Number of HomeService Company?s Site Visitors for Selection of Service Professionals; 2017 (Percentage, %)
Figure 22: Number of Smartphone Users in The US; 2014-2020 (Million)
Figure 23: The US Millennial Population; 2015-2036 (Million)
Figure 24: The US Urban Population; 2013-2018 (Million)
Figure 25: Individuals Using the Internet (% of Population) in the US; 2013-2017
Figure 26: The US Home Service Market Player by Site Visitors Share; 2017 (Percentage, %)
Figure 27: IAC Revenue; 2014-2018 (US$ Billion)
Figure 28: IAC Revenue by Segment; 2018 (Percentage, %)
Figure 29: IAC Revenue by Region; 2018 (Percentage, %)
Figure 30: Yelp Inc. Net Revenue ; 2014-2018 (US$ Million)
Figure 31: Yelp Inc. Net Revenue by Product ; 2018 (Percentage, %)
Figure 32: Amazon.Com, Inc. Net Sales; 2014-2018 (US$ Billion)
Figure 33: Amazon.Com, Inc. Net Sales by Segments; 2018 (Percentage, %)
Figure 34: Amazon.Com, Inc. Net Sales by Region; 2018 (Percentage, %)
Figure 35: IKEA Total Revenue; 2013-2017 (US$ Billion)
Figure 36: IKEA Sales by Region; 2017 (Percentage, %)
Table 1: Acquisitions in the Home Service Market in the US; 2017-2019
Table 2: The US Home Service Market Competitive Landscape Overview; 2017
Table 3: Landscape Service Providers in the US and Canada; 2018


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