PUBLISHER: The Business Research Company | PRODUCT CODE: 1680371
PUBLISHER: The Business Research Company | PRODUCT CODE: 1680371
Personal goods repair and maintenance encompass services dedicated to repairing and maintaining items used for personal, family, and household purposes. These services not only address immediate issues but also help identify environmental problems and root causes of failure, offering cost-effective alternatives to new purchases and structural changes.
The primary categories within personal goods repair and maintenance include home and garden equipment repair and maintenance, appliance repair and maintenance, reupholstery and furniture repair, and footwear and leather goods repair, among other personal and household goods repair services. Businesses specializing in home and garden equipment repair and maintenance focus on fixing and maintaining various items such as lawnmowers, edgers, ice and leaf cleaners, washing machines, dryers, and freezers. These services are available through different modes, including online and offline, and offer various service types such as inspection, maintenance, and repair.
The personal goods repair and maintenance market research report is one of a series of new reports from The Business Research Company that provides personal goods repair and maintenance market statistics, including personal goods repair and maintenance industry global market size, regional shares, competitors with a personal goods repair and maintenance market share, detailed personal goods repair and maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the repair and maintenance of the personal goods industry. This personal goods repair and maintenance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The personal goods repair and maintenance market size has grown strongly in recent years. It will grow from $132.5 billion in 2024 to $142.03 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to rise in disposable income, strong economic growth in emerging markets, rapid urbanization, increased internet penetration, and increased availability of mobile devices.
The personal goods repair and maintenance market size is expected to see strong growth in the next few years. It will grow to $180.59 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to growing sense of sustainability, higher purchase cost of new products, growing personal goods failure rate and cost-benefit associated with repairing old goods, increasing government regulations for waste management. Major trends in the forecast period include companies should focus on adopting IoT for their operations to enhance efficiency and to keep track of the real-time status of devices, implementing ar-based procedures to enhance their performance, consider merging with financial and other household appliances companies to strengthen their financial stability and enhance their performance, consider adopting predictive maintenance solutions to reduce breakdowns and improve efficiency by predicting parts failures in advance.
The anticipated growth in household gardening is expected to boost the personal goods repair and maintenance market. Gardening, a popular hobby involving the upkeep and cultivation of gardens, requires regular maintenance of tools to ensure they remain in optimal working condition. In addition to being sharp, gardening tools must be clean and sanitized, as contaminated tools can transfer bacterial, fungal, or insect infestations to plants or soil. As more individuals engage in gardening, the demand for maintaining gardening equipment is also on the rise. For instance, as of 2024, approximately 55% of U.S. households are reported to have a garden, translating to around 71.5 million gardening households and 185.9 million individuals, according to Raleigh Realty Homes, a U.S.-based real estate agency. Consequently, the increase in household gardening is projected to drive growth in the personal goods repair and maintenance market in the future.
The personal goods repair and maintenance market are anticipated to experience growth due to rapid urbanization. Urbanization, characterized by the increasing concentration of the population in urban areas, is influenced by migration and people's preference for urban living. Urban dwellers often have busy lifestyles and limited time for DIY (do-it-yourself) repairs, leading them to seek professional assistance for maintenance needs. According to the World Bank, over 50% of the world's population is projected to reside in urban areas by 2022, and this number is expected to grow to 6 billion by 2045. Thus, rapid urbanization is a significant driver for the personal goods repair and maintenance market.
Major companies in the personal goods repair and maintenance market are increasingly focusing on innovative solutions, such as clothing repair services, to address the rising demand for sustainable fashion. Clothing repair services specialize in mending, altering, or restoring garments to extend their lifespan and enhance usability. For example, in August 2024, Marks & Spencer (M&S), a UK-based clothing brand, introduced a new clothing repair service called M&S Fixed by Sojo, in collaboration with the tailoring startup Sojo. This service promotes sustainability by enabling customers to book repairs, such as zip replacements and knitwear mending, starting at £5 ($6.46), with a turnaround time of 7 to 10 days. This initiative aligns with M&S's broader Plan A sustainability strategy, which aims to reduce textile waste and support a circular economy. Such moves reflect the growing trend among retailers to advocate for sustainable practices within the fashion industry.
Major companies in the personal goods repair and maintenance market are increasingly focusing on innovative solutions, such as electronics repair services, to enhance customer satisfaction and extend the lifespan of personal devices. Electronics repair services encompass professional offerings that diagnose, fix, and maintain electronic devices, including smartphones, tablets, laptops, computers, gaming consoles, and other consumer electronics. For example, in June 2023, the Ministry of Electronics and Information Technology (MeitY), a government agency in India, launched the Electronics Repair Services Outsourcing (ERSO) pilot project, aimed at positioning India as a global hub for electronics repair services. This initiative seeks to capture 20% of the $100 billion global electronics repair market, potentially generating $20 billion in revenue and creating millions of jobs over the next five years. The project, which involves companies like Flex, Lenovo, CTDI, R-Logic, and Aforeserve, emphasizes environmental sustainability by promoting affordable and reliable repair services in line with Prime Minister Modi's Mission LiFE.
Major companies operating in the personal goods repair and maintenance market include Frontdoor Inc, Mr. Appliance, Furniture Medic, Lee Company, Home-Tech Consolidated, Inc, NuShoe, Pride Air Conditioning & Appliance, Inc., Arista Air Conditioning Corp., One Hour Heating & Air Conditioning, Bhangar Wala Enterprises Private Limited, Finvictus India Private Limited, Rich Life Trading Private Limited, Imexture Trade India Private Limited, Shanxi Sida Yungui Mechanical & Electrical Engineering Co., Ltd, Zhejiang Materials Industry, Zhejiang Yasha Decoration Co., Ltd, Melbourne Digital Television Services, D.K Computer Solution, Shanghai Trendzone Construction Decoration Group Co., Ltd, Huizhou Huijinlong Mechanical & Electrical Repairing Co., Ltd, Domex appliances services, Glotech repairs, capital Repairs, UK Service home AEID services, MESURE PROCESS, Libre Service Casiers Maintenance, Slak, Hamitouche Hayat, Depannage, SARL Arcade Multiservices, Repair World Direct, Square Trade, Electronix Services, Meggitt PLC, MRO services, Feba Electronics Repair Service, Hilti Group, Holcim, Lufthansa Technik, Ufa, Mendtronix Inc, The Cableshoppe Inc, uBreakiFix, iCracked, Inc, P.C. Richard & Son, Inc, Daikin Holdings America Inc, Otis Worldwide Corporation, Terminix Global Holdings, Inc, Schindler Elevator Corporation, Evernex, Quanta services, Emcor Group Inc, MYR Group, MMR Group INC, Encompass Supply Chain Solutions, B2X Care Solutions, Moduslink Global Solutions, Redington Services, Quest International Inc
Asia-Pacific was the largest region in the personal goods repair and maintenance market in 2024. Western Europe was the second-largest region in the personal goods repair and maintenance market. The regions covered in the personal goods repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the personal goods repair and maintenance market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The personal goods repair and maintenance market consists of revenues earned by entities that provide services such as Air-conditioners, window, repair and maintenance services, Furniture refinishing shops, Furniture reupholstering shops, Garden tool sharpening and repair services, Tool, home and garden, sharpening and repair services without retailing new home and garden tools. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Personal Goods Repair And Maintenance Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on personal goods repair and maintenance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for personal goods repair and maintenance ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The personal goods repair and maintenance market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.