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United Kingdom Home Services Market Size By Deployment (Offline, Online), By Home Improvement Type (Interior Design, Construction), By Repairs And Maintenance (Electricity, Plumbing), And Forecast


Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

United Kingdom Home Services Market Size By Deployment (Offline, Online), By Home Improvement Type (Interior Design, Construction), By Repairs And Maintenance (Electricity, Plumbing), And Forecast

United Kingdom Home Services Market Size And Forecast

United Kingdom Home Services Market size was valued at USD 7.49 Billion in 2024 and is projected to reach USD 13.48 Billion by 2031, growing at a CAGR of 23.12% from 2024 to 2031.

A home service is a term used to encompass various intangible assets provided by businesses for residential homes. Several businesses provide home services spanning various business sectors, such as repairs and maintenance, installations, home improvement, and others. As the number of services that can be provided by the home service market increases, the scope, and therefore the home services industry, grows. With the increase in technology adoption comes the increase in online and mobile booking services. Home services are a more modern and simplified way to buy and schedule professional services.

The recent adoption of home services can be partly attributed to the evolution of the real estate and building cluster, where physical facilities are considered a service system. The advent of new technology coupled with the increasing awareness of services that can be provided in-home services is aiding the market’s growth. Some of the main reasons for the introduction of home services were the service they provide to the inhabitants of a home and the overall cost efficiency of providing these services for the service provider.

United Kingdom Home Services Market Overview

The home services industry comprises businesses that aim to work on residential homes; this includes flooring, landscaping, concrete, plumbing, and moving & storage services. It is in continuous demand, offering convenience and saving time. The rising number of homeowners in the UK contributes to the demand for home services such as repairs, maintenance, renovations, and improvements. Much of the housing stock in the UK is aging, leading to a growing need for renovation, refurbishment, and repair services to maintain and upgrade residential properties. Demographic shifts, including an aging population and increasing urbanization, drive demand for home services catering to older homeowners and urban dwellers seeking convenience and assistance with household tasks. Moreover, technological innovations, such as smart home devices, home automation systems, and energy-efficient appliances, create opportunities for home service providers to offer new products and services tailored to modern homeowners’ needs.

Furthermore, the increase in the adoption of smartphones is significantly aiding in the growth of the home service market. Smartphone technology is developing to influence the consumer’s daily marketing strategies, business activities, and lifestyle, which drives market growth. The market concern is due to the relatively new nature of online home services; there is now a standard set for the services to be provided to understand what goes behind understanding the prevailing trends and fixing a price for a particular home service. Digital disruptors and competitive dynamics influencing the economy are very similar across geographies. Although it may seem that the digital expectations of various economies are the same, there is much variation when looking at the infrastructure and the requirements of the individual areas. The use of Home Services is expected to drive the adoption of a period data for ensuring high management standards across tying up sites.

One of the biggest challenges facing the home service market is the lack of a pricing model. Due to the relatively new nature of online home services, there is now a standard set for the services to be provided. To understand what goes behind understanding the prevailing trends and fixing a price for a particular home service. When considering what is going on in various matured industries such as food, cab ordering, and e-commerce, it is apparent that these industries have moved past the point where standardization of their pricing module is required. Due to these already-established pricing models, companies in this industry can focus on other aspects, such as customer acquisition and retention.

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United Kingdom Home Services Market Segmentation Analysis

The United Kingdom Home Services Market is Segmented on the basis of Deployment, Home Improvement Type, and Repairs And Maintenance.

United Kingdom Home Services Market, By Deployment

  • Offline
  • Online

To Get a Summarized Market Report By Deployment-

Based on Deployment, the market is segmented into Offline, and Online. The U.K. Home Services Market is experiencing a scaled level of attractiveness in the Offline segment. The Offline segment has a prominent presence and holds the major share of the U.K. market. Offline segment is anticipated to account for the significant market share of 58.61% by 2031. The segment is projected to gain incremental market value of USD 41,388.11 Million and is projected to grow at a CAGR of 22.22% between 2024 and 2031.

The concept of offline home services is traditional. In offline home services, physical channels are essential for customers to provide their services. Unlike online home services, offline home services cannot provide customers with two different services. For example, for plumber services, it is essential in an offline home service industry to call and book an appointment with a plumber in person. Often, they charge extra visiting charges, which are comparatively more expensive than online home service providers. The market size for offline home services may be more significant than online services as they are more conventional. However, due to rapid advancement in technology and the sedentary lifestyle, the scope of the offline home services market is growing slower.

United Kingdom Home Services Market, By Home Improvement Type

  • Interior Design
  • Construction

To Get a Summarized Market Report By Home Improvement Type-

Based on Home Improvement Type, the market is segmented into Interior Design, and Construction. The U.K. Home Services Market is experiencing a scaled level of attractiveness in the Interior Design segment. The Interior Design segment has a prominent presence and holds the major share of the U.K. market. Interior Design segment is anticipated to account for the significant market share of 72.52% by 2031. The segment is projected to gain incremental market value of USD 52,534.34 Million and is projected to grow at a CAGR of 23.68 % between 2024 and 2031.

Interior design is a broad field consisting of tasksabstract development, area planning, site verification, programming, research, construction administration, and design execution. Interior designers create functional, comfortable, and beautiful interior areas by analyzing requirements and selecting decorative things, color schemes, lighting, and materials. Interior designers choose furniture, décor, artwork, window treatments, lighting fixtures, and rugs that go well with the overall design idea and express the homeowner’s individuality and sense of style. Designers procure furniture from diverse manufacturers and merchants to craft uniquely selected rooms.

United Kingdom Home Services Market, By Repairs And Maintenance

  • Electricity
  • Plumbing
  • Non-HVAC Home Appliances
  • Gas
  • Heating, Ventilation and Air Conditioning
  • Others

Based on Repairs & Maintenance, the market is segmented into Electricity, Plumbing, Non-HVAC Home Appliances, Gas, Heating, Ventilation and Air Conditioning, and Others. The U.K. Home Services Market is experiencing a scaled level of attractiveness in the Electricity segment. The Electricity segment has a prominent presence and holds the major share of the U.K. market. Electricity segment is anticipated to account for the significant market share of 29.47% by 2031. The segment is projected to gain incremental market value of USD 21,235.84 Million and is projected to grow at a CAGR of 23.35% between 2024 and 2031.

The home service business includes many services to maintain, repair, and enhance residential properties. In this sector, electricity services are essential to guarantee residential electrical systems’ efficiency, effectiveness, and safety. Homeowners can have electrical difficulties, including lousy wiring, broken outlets, and circuit breaker issues. To ensure the security and proper operation of the electrical system, electricians offer electrical repair services to identify and address these problems as soon as possible.

Regular maintenance is necessary for electrical systems to operate at their best and avoid issues. Electricians can perform routine inspections, testing, and maintenance duties to spot problems early on—such as weak connections, corrosion, or worn-out components—and take appropriate action before they worsen. Electricians are essential to connect and install electrical components in homes securely and correctly. They can install new lighting fixtures, ceiling fans, electrical outlets, or appliances. They guarantee adherence to safety regulations and building norms to avert risks and guarantee appropriate operation.

Key Players

The United Kingdom Home Services Market is fragmented with the presence of a huge number of players in the market. The major players in the market include Amazon Home Services, Home Depot (U.K.) Ltd., British Gas, Pimlico Plumbers, Rightio, Pointer Systems S.r.l, Myhammer, Worcester Bosch (Robert Bosch GmbH), HomeServe Membership Ltd (Brookfield Infrastructure), Hometree, and others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Hummus benchmarking and SWOT analysis.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the segment that is majorly leading in the United Kingdom Home Services Market. We cover the major impacting factors that are responsible for driving the industry growth in the given geography.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )