Global Personal Goods Repair And Maintenance Market Overview And Prospects – Includes Personal Goods Repair And Maintenance Market Trends
Learn about the global personal goods repair and maintenance market through The Business Research Company, which provides information on personal goods repair and maintenance market size, personal goods repair and maintenance market drivers and restraints, personal goods repair and maintenance market players, the COVID-19 impact on the personal goods repair and maintenance market, and more.
The personal goods repair and maintenance market size is expected to grow from $124.52 billion in 2021 to $186.02 billion in 2026 at a rate of 8.4%. The personal goods repair and maintenance market size is then expected to grow at a CAGR of 8.5% from 2026 and reach $279.29 billion in 2031.
The high purchasing cost of new products is encouraging users to maintain and manage their existing goods; this is expected to increase the demand for personal goods repair and maintenance services
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The personal goods repair and maintenance market consists of sales of personal goods repair and maintenance services and related goods by entities (organizations, sole traders and partnerships) that are engaged in repairing and maintaining personal goods such as home and garden equipment, household appliances, re-upholstery and furniture, footwear and leather goods and other personal and household goods.
Global Personal Goods Repair And Maintenance Market Segments Include:
By Type: Home and Garden Equipment Repair and Maintenance, Appliance Repair and Maintenance, Reupholstery and Furniture Repair, Footwear and Leather Goods Repair, Other Personal and Household Goods Repair and Maintenance
By Mode: Online, Offline
By Service Type: Inspection, Maintenance, Repair
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the personal goods repair and maintenance market, accounting for 34.2% of the total in 2021.
Personal goods repair and maintenance service providers have started using augmented reality (AR) based maintenance and repair procedures. AR is an enhanced version of reality where direct and indirect views of physical world environments are combined with superimposed computer-generated images over a user’s view of the real world. Use of these AR-based repair or maintenance procedures allows users to enhance their field of view with real-time digital information. With this information, the user can get step-by-step instructions on how to repair an asset. Some of the AR based solutions for maintenance and repair operations include preventive maintenance, remote assistance, operator assembly instructions, corrective maintenance and others.
Major Market Players: Frontdoor Inc, Mr. Appliance, Furniture Medic, Lee Company, Home-Tech Consolidated, Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Personal Goods Repair And Maintenance Market Report 2022 is one of a series of new reports from The Business Research Company that provides personal goods repair and maintenance market overviews, analyzes and forecasts market size, share, personal goods repair and maintenance market players, personal goods repair and maintenance market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s personal goods repair and maintenance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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