U.K. Home Services Market
According to Verified Market Research, the U.K. Home Services Market was valued at USD 7.49 Billion in 2018 and is projected to reach USD 13.48 Billion by 2026, growing at a CAGR of 8.8% from 2019 to 2026.

The latest survey on U.K. Home Services Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunities available and trend in U.K. Home Services Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of U.K. Home Services Market By Deployment, By Repairs & maintenance, By Home Improvement Type, By Country – United Kingdom. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities

What is Home Service?
Home services is a term that is used encompasses various intangible assets that are provided by businesses for residential homes. There are several businesses that are provided by home services that span across various sectors of business 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 industry of home services is growing. With the increase in the adoption of technology comes the increase in the online as well as mobile booking services. Home services are essentially a more modern and simplified way to buy as well as schedule professional services.

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U.K. Home Services Market Overview
The rise in the adoption of smartphones is significantly aiding in the growth of the home service market. The smartphone technology is developing in such a way that it is influencing the consumer’s daily marketing strategies, business activities as well as lifestyle. Along with the rise in the adoption of smartphones comes the rise in internet penetration which in turn has boosted the growth of the market.

With the increasing convenience that home services are providing, the demand for online home services is increasing. This factor also contributes to the growth of the market. However, the lack of a standardized pricing model for online home services might act as a restraint for the market in the forecast period. Due to the relatively new nature of online home services, there is now standard that has been set for the services that are to be provided.

U.K. Home Services Market: Segmentation Analysis
The U.K. Home Services Market is segmented on the deployment, repairs & maintenance, home improvement type, and geography.

 On the basis of deployment, the market is bifurcated into online and offline. The market for offline accounted for the largest market share and is expected to grow at the highest CAGR followed by online over the forecast period. The concept of offline home services is traditional. In offline home services, there are physical channels that are essential for customers to provide with their services. Unlike online home services, offline home services are not able to provide customers with two different services.

U.K. Home Services Market: By Repairs & Maintenance
Based on Repairs & Maintenance, the market has been segmented into Electricity, Plumbing & Drainage, Gas, Heating, Ventilation, and Air Conditioning, Non-HVAC Home Appliances, Handyman, Others. Plumbing & Drainage segment accounted for the largest market share in 2018 and is projected to grow at a CAGR of 10.11% during the forecast period.

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U.K. Home Services Market: By Home Improvement Type
On the basis of Home Improvement Type, the market has been segmented into Construction and Interior design. Interior design accounted for the largest market share in 2018 followed by the construction segment and is projected to grow at the highest CAGR of 11.96% during the forecast period.

U.K. Home Services Market by Competitive Landscape
The Global Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Amazon Home Service, Fantastic Services, The Pimlico Group, DSP Drainage & Plumbing Ltd, Flo-Well Drainage and Plumbing Limited, Aquevo, Heatinstall, Drain Doctor and Others. 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 its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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