Moreover, advantages of online on-demand services platforms coupled with rising number of advertising and marketing campaigns is notably driving the market growth, although high competition among vendors may impede the market growth.
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Online On-demand Services Market in Europe Service Outlook (Revenue, USD trillion, 2020-2025)
- Home services - size and forecast 2020-2025
- Construction services - size and forecast 2020-2025
- Transportation services - size and forecast 2020-2025
- Finance and legal services - size and forecast 2020-2025
- Others - size and forecast 2020-2025
Online On-demand Services Market in Europe Geography Outlook (Revenue, USD trillion, 2020-2025)
- UK - size and forecast 2020-2025
- Sweden - size and forecast 2020-2025
- Germany - size and forecast 2020-2025
- The Netherlands - size and forecast 2020-2025
- Rest of Europe - size and forecast 2020-2025
61% of the market's growth will originate from Rest of Europe during the forecast period. Market growth in this region will be slower than the growth of the market in other regions. The growing awareness about the benefits of availing online on-demand services will facilitate the online on-demand services market growth in Rest of Europe over the forecast period.
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Advantages of Online on-demand Services Platforms to Drive the Market
Online on-demand services encompass all digital marketplaces that offer convenient access to a wide range of services such as home services and transportation services. The demand for online on-demand services is increasing, owing to the convenience and accessibility they offer. Therefore, the online on-demand services market in Europe is expected to register a steady growth rate during the forecast period. Some advantages associated with online on-demand services platforms are convenience, flexibility, appointment scheduling, and ease of payment. The advantages offered by online on-demand services are increasing their demand may drive the growth of the online on-demand services market in Europe during the forecast period.
Rising Number of Advertising and Marketing Campaigns to be Key Trend of the Market
Marketing and advertising campaigns are crucial for the growth of the vendors operating in the online on-demand services market in Europe. The vendors in the market focus on launching advertising campaigns through various platforms to generate customer awareness and retain a strong customer base. They started using various marketing strategies to gain the attention of customers. For instance, Amazon Home Services guarantees its quality of services under the Happiness Guarantee. According to the company, if it fails to provide high-quality services, it pays an amount of money as compensation. Hence, the focus of vendors on launching new advertising campaigns is expected to drive the growth of the online on-demand services market in Europe during the forecast period.
High Competition among Vendors to Challenge the Market Growth
The online on-demand services market in Europe is dynamic due to the presence of several regional and international players that compete based on parameters such as acquisitions, expansions, and marketing and advertising campaigns. The competition among the existing players in the market is expected to intensify during the forecast period, with the entry of new startups. The presence of numerous vendors is intensifying competition and increasing the price wars among vendors. Such price wars have the potential to erode profit margins and can lead to smaller businesses exiting the market. Issues associated with unorganized vendors, such as the incapability to maintain standard service quality and the inability to ensure transparency and on-time service, can adversely affect the overall business of such vendors. Moreover, the online on-demand services market in Europe witnesses tough competition from various small, local brick-and-mortar stores. All these factors are expected to hamper the growth of the online on-demand services market in Europe.
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Some of the Major Online On-demand Services Companies in Europe:
- 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
- Via Transportation Inc.
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Related Reports:
Online On-demand Home Services Market by Service and Geography - Forecast and Analysis 2022-2026: The online on-demand home services market share is expected to increase by USD 4.75 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 60.77%. To get more exclusive research insights: Download Our Sample Report
Online On-demand Home Services Market in Latin America by Service and Platform - Forecast and Analysis 2022-2026: The online on-demand home services market share in Latin America is expected to increase by USD 119.39 billion from 2021 to 2026, at a CAGR of 40.53%. To get more exclusive research insights: Download Our Sample Report
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 58.3% |
Market growth 2021-2025 |
$ 1.77 trillion |
Market structure |
Fragmented |
YoY growth (%) |
26.89 |
Regional analysis |
UK, Sweden, Germany, The Netherlands, and Rest of Europe |
Performing market contribution |
Rest of Europe at 61% |
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 forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Service
- Market segments
- Comparison by Service
- Home services - Market size and forecast 2020-2025
- Construction services - Market size and forecast 2020-2025
- Transportation services - Market size and forecast 2020-2025
- Finance and legal services - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Service
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- UK - Market size and forecast 2020-2025
- Sweden - Market size and forecast 2020-2025
- Germany - Market size and forecast 2020-2025
- The Netherlands - Market size and forecast 2020-2025
- Rest of Europe - Market size and forecast 2020-2025
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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
- Via Transportation Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Technavio
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.
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SOURCE Technavio
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