Time to upgrade: Consumers will opt to replace, rather than repair, as per capita income increases

The five years to 2018 have been fruitful for the Appliance Repair industry as a result of rising disposable income, which has motivated consumers to undertake fewer DIY (do-it-yourself) repairs. Despite falling homeownership during the current five-year period, the industry has benefited from steady demand for appliance repair services primarily due to this rising income and the appreciation of housing values. This was particularly the case with large appliances, or white goods, which have a lifespan of about 10 years. Over the five years to 2023, continued growth in per capita disposable income alongside an increase in homeownership and existing home sales is expected to support the industry...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
2.5%
Forecast Growth 18-23
Profit
Employment
78,761
Businesses
62,695
Market Share of Companies

Industry Threats & Opportunities

  • The industry has benefited from steady demand due to rising disposable income and the appreciation of housing values
  • Rising home values also encouraged more homeowners to invest in maintenance and renovation projects
  • Rising disposable income is expected to support demand for industry services
  • Industry Report - Industry Analysis Chapter

    The Appliance Repair industry comprises establishments primarily engaged in repairing and servicing household-type appliances and home and garden equipment without retailing new products. Items serviced by the industry include lawnmowers, edgers, snowblowers, leaf blowers, washing machines, clothes dryers and refrigerators. Over the five years to 2018, the Appliance Repair industry has experienced consistent revenue growth despite strong external competition. The increasing complexity of appliances in combination with rising disposable income and improving home values has contributed positively to demand for appliance repair services. As a result, industry revenue is estimated to grow at an annualized rate of 2.5% to $5.1 billion over the five years to 2018. In ...purchase to read more.

    Additional Insights for the Appliance Repair Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Appliance Repair Industry are

  • Ability to allocate product/service to area of greatest need
  • Having a good reputation
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Homeownership rate and Per capita disposable income in the Appliance Repair industry impact industry performance..

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    What's in this report

    What is the Appliance Repair Industry?

    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.

    Industry Products
  • Household appliance repair
  • Household-type lawn, garden and snow-removal equipment repair
  • Resale of merchandise
  • Resale of parts and supplies
  • All other appliance repair
  • Industry Activities
  • Repairing and maintaining lawnmowers
  • Repairing and maintaining edgers
  • Repairing and maintaining snow and leaf blowers
  • Repairing and maintaining washing machines
  • Repairing and maintaining clothes dryers
  • Repairing and maintaining refrigerators
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Homeownership rate
  • Per capita disposable income
  • Existing home sales
  • External competition for the Home & Garden Appliance Repair Services industry
  • House price index
  • Price of household appliances

  • Current Performance
  • Rising disposable income
  • To repair or replace
  • Rising home values
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Disposable income discourages DIY
  • Rise in home sales
  • Increasing technological complexity
  • Possible influence of tariffs
  • Industry landscape
  • Table: Appliance Repair Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Appliance Repair Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Professional, Scientific and Technical Services
  • Human Resources & Benefits Administration
  • Educational Services
  • Arts, Entertainment and Recreation
  • Consumers

  • Key Selling Industries
  • Heating & Air Conditioning Equipment Manufacturing
  • Lighting & Bulb Manufacturing
  • Miscellaneous Product Manufacturing
  • Vacuum, Fan & Small Household Appliance Manufacturing

  • Products & Services
  • Household appliance repair
  • Household-type lawn, garden and snow-removal equipment repair
  • Resale of merchandise
  • All other appliance repair
  • Resale of parts and supplies
  • Chart: Appliance Repair Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households with incomes below $30K
  • Households with incomes between $30K and $70K
  • Households with incomes above $70K
  • Businesses
  • Government agencies
  • Nonprofit organizations
  • All other
  • Chart: Major Market Segmentation for the Appliance Repair Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchases and wagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Appliance Repair

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Appliance Repair Industry

  • Industry Globalization
    Sears Holdings Corporation,
  • Table: Sears Holdings Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Appliance Repair Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Appliance Repair Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Ammeter
  • A device that measures the flow of electrical current in amperes.
  • Do-It-Yourself (Diy)
  • A category of customers that includes homeowners who purchase products and complete their own projects.
  • Soldering Gun
  • A tool used to solder metals together using tin-based solder to achieve a highly conductive contact.
  • Voltmeter
  • An instrument used for measuring electric potential in volts.
  • Wattmeter
  • An instrument that measures the flow of power in an electrical circuit.
  • What Our Customers Say

    Why buy this report?

    The Appliance Repair industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Appliance Repair:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Appliance Repair market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Appliance Repair, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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