Industry Analysis & Industry Trends
The recovering economy will not help this industry succeed in the next five years. As consumer spending revives, individuals will look to purchase new home and garden appliances, inhibiting growth for repair services. However, long-term demand will likely increase due to a growing supply of products that will require repairs in the future. The industry will also benefit from increasing prices of household appliances, which may encourage consumers to have current items repaired rather than replace them... purchase to read more
Industry Report - Industry Locations Chapter
The spread of industry establishments generally follows the spread of the population. Service industries in general tend to be located in areas which are heavily populated and where people have more wealth to spend on services and goods (and consequently on repairs and maintenance on these goods).
The Southeast region is the most densely concentrated region, accounting for 28.9% of establishments. It also accounts for the largest share of the population (at 25.2%). The region is also home to the largest share of household appliance stores. The Southeast has increased its share of industry locations marginally since 2007, as its share of the population also rose. Due to the warm climate of the region, lawnmowers are the most-commonly serviced gardening equipment by the industry... purchase to read more