The US Home Service Market: Size, Trends & Forecasts (2017-2021)

The US Home Service Market: Size, Trends & Forecasts (2017-2021)

Scope of the Report

The report entitled “The US Home Service Market: Size, Trends & Forecasts (2017-2021)”, provides analysis of the US home service market, with detailed analysis of market size and growth, and segmentation of the industry. The analysis includes the market by value and by segmentation.

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 2017-2021, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

IAC (Home Adviser), Angie’s List, Yelp Inc. and Amazon (Amazon Home Service) 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)

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 (2017-2021). 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, security concern and expensive, decreasing value of word-of-mouth, etc. Few market trends are also provided such as, 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
Table 1: Home Service Segments
2.1.3 Home Services Model
Table 2: Home Services Model
2.1.4 Advantages and Disadvantages of Home Services
Table 3: Advantages and Disadvantages of Home Services
2.1.5 Modes of Home Service
Table 4: 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
Table 5: The US Home Service Market by Value; 2016-2021 (US$ Billion)
3.1.2 The US Home Service Market by Segment
Table 6: The US Home Service Market by Segment; 2016 (Percentage, %)
3.1.3 The US Online Home Service Market by Value
Table 7: The US Online Home Service Market by Value; 2016-2021 (US$ Billion)
3.1.4 The US Offline Home Service Market by Value
Table 8: The US Offline Home Service Market by Value; 2016-2021 (US$ Billion)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increased Marketing by Home Services Platforms
4.1.2 Increase in the Number of Service Providers
4.1.3 Growing GNI Per Capita
Table 9: The US GNI Per Capita; 2010-2016 (US$)
4.1.4 Improved Quality of Home Booking Platforms
4.1.5 Instant Book/Instant Connect Options
4.1.6 Increasing Smartphone Penetration and Growing M-Commerce Platform
Table 10: Number of Smartphone Users in The US; 2014-2020 (Million)
4.1.7 Increasing Brand Awareness
4.1.8 Convenient and Time Saving
4.1.9 Growing Millennial Population and Homeowners
Table 11: The US Millennial Population; 2015-2036 (Million)
4.1.10 Increasing Urbanization and Busier Lifestyles
Table 12: The US Urban Population; 2010-2016 (Million)
4.2 Challenges
4.2.1 Security Concern and Expensive
4.2.2 Decreasing Value of Word-of-Mouth
4.3 Market Trends
4.3.1 Customized Job Rather Flat-Rate or Fixed-Fee
4.3.2 Upgrading Technology
4.3.3 Increasing Internet Penetration
Table 13: The US Population Using Internet; 2012-2016 (Percentage, %)
5. Competitive Landscape
5.1 The US Home Service Market Player by Share
Table 14: The US Home Service Market Player by Share; 2016 (Percentage, %)
5.2 The US Home Service Market by Player Competitive Landscape Overview
Table 15: The US Home Service Market Competitive Landscape Overview; 2016
6. Company Profiles
6.1 IAC (Home Adviser)
6.1.1 Business Overview
6.1.2 Financial Overview
Table 16: IAC Revenue; 2012-2016 (US$ Billion)
Table 17: IAC Revenue by Segment; 2016 (Percentage, %)
Table 18: IAC Revenue by Region; 2016 (Percentage, %)
6.1.3 Business Strategy
6.2 Angie’s List
6.2.1 Business Overview
6.2.2 Financial Overview
Table 19: Angie’s List Revenue; 2012-2016 (US$ Million)
6.2.3 Business Strategy
6.3 Yelp Inc.
6.3.1 Business Overview
6.3.2 Financial Overview
Table 20: Yelp Inc. Net Revenue ; 2012-2016 (US$ Million)
Table 21: Yelp Inc. Net Revenue by Product ; 2016 (Percentage, %)
6.3.3 Business Strategy
6.4 Amazon (Amazon Home Service)
6.4.1 Business Overview
6.4.2 Financial Overview
Table 22: Amazon Net Sales; 2012-2016 (US$ Billion)
Table 23: Amazon Net Sales by Region; 2016 (Percentage, %)
6.4.3 Business Strategy

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook