Appliance Repair in the US
Over the five years to 2017, the Appliance Repair industry has experienced minimal growth, largely due to high external competition. The negative pressures caused by the burst of the US housing bubble and the ongoing economic slump hurt performance; meanwhile, the economic recovery has been of little help, as consumers with thicker pocketbooks purchased new appliances instead of repairing the old ones. Revenue has increased slightly over the past five years, representing a bittersweet reprieve from the steep decline before the period. Over the next five years, industry revenue is anticipated to decline. With growing disposable incomes, consumers will be more likely to purchase new appliances than repair old ones. Moreover, the continued decline in the homeownership rate will also inhibit industry revenue growth.
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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