Appliance Repair in the US - Industry Market Research Report

Appliance Repair in the US - Industry Market Research Report

  • December 2020 •
  • 47 pages •
  • Report ID: 499859 •
  • Format: PDF
New model: External competition from DIY repairs is expected to decrease, supporting industry demand

Abstract

Appliance Repair in the US
The five years to 2019 have been marginally positive for the Appliance Repair industry as a result of rising disposable income, which has motivated consumers to undertake fewer do-it-yourself (DIY) repairs. While increased disposable income has motivated some consumers to replace appliances, particularly smaller ones, the lower upfront costs of repair have encouraged many to seek industry services when their appliances began to malfunction. Over the five years to 2024, continued increases in per capita disposable income, homeownership and existing home sales are expected to support the industry. Nonetheless, revenue growth is anticipated to remain slow as demand from consumers who had been putting off repairs becomes satisfied.

Industry operators repair and maintain home and garden equipment and household-type appliances, such as lawn mowers, edgers, snow and leaf blowers, washing machines, clothes dryers and refrigerators. Operators in this industry do not retail new equipment or appliances. This industry excludes automotive repairs or electronic and computer repair services. Industry services are provided to both businesses and households.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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