Technavio has been monitoring the online home rental services market and it is poised to grow by USD 14.24 bn during 2020-2024, decelerating at a CAGR of almost 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Online Home Rental Services Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
- What are the major trends in the market?
Reduction in housing space due to an increase in the urban population density is a major trend driving the growth of the market.
- At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 16.76% and the incremental growth of the market is anticipated to be $ 14.24 bn.
- Who are the top players in the market?
9flats.com Pte Ltd., Airbnb Inc., Booking Holdings Inc., CoStar Group Inc., Expedia Group Inc., Lodgis SAS, Oravel Stays Pvt. Ltd., Upad Ltd., Wyndham Destinations Inc., and Zillow Group Inc., are some of the major market participants.
- What is the key market driver?
The growth in the demand for rented homes is one of the major factors driving the market.
- How big is the North America market?
The Western Europe region will contribute 38% of the market share.
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. 9flats.com Pte Ltd., Airbnb Inc., Booking Holdings Inc., CoStar Group Inc., Expedia Group Inc., Lodgis SAS, Oravel Stays Pvt. Ltd., Upad Ltd., Wyndham Destinations Inc., and Zillow Group Inc. are some of the major market participants. The growth in the demand for rented homes will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Online Home Rental Services Market 2020-2024: Segmentation
Online Home Rental Services Market is segmented as below:
- Semi Detached House
- Detached House
- Geographic Landscape
- North America
- South America
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Online Home Rental Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The online home rental services market report covers the following areas:
- Online Home Rental Services Market Size
- Online Home Rental Services Market Trends
- Online Home Rental Services Market Industry Analysis
This study identifies a reduction in housing space due to an increase in the urban population density as one of the prime reasons driving the online home rental services market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Online Home Rental Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist online home rental services market growth during the next five years
- Estimation of the online home rental services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the online home rental services market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of online home rental services market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
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 Type
- Market segments
- Comparison by Type placement
- Flats – Market size and forecast 2019-2024
- Semi detached house – Market size and forecast 2019-2024
- Detached house – Market size and forecast 2019-2024
- Market opportunity by Type
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- 9flats.com Pte Ltd.
- Airbnb Inc.
- Booking Holdings Inc.
- CoStar Group Inc.
- Expedia Group Inc.
- Lodgis SAS
- Oravel Stays Pvt. Ltd.
- Upad Ltd.
- Wyndham Destinations Inc.
- Zillow Group Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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