Financial Services

What Are The Key Forces Fueling Repair and Maintenance Market Expansion By 2029?

October 27, 2025 by The Business Research Company

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What Will The Size Of The Repair and Maintenance Market Be By The Forecast Year 2029?

The market size for repair and maintenance has robustly enlarged in the past few years. The market which valued at $1596.54 billion in 2024 is projected to escalate to $1719.32 billion in 2025 at an annual compound growth of 7.7%. The past growth in this market sector is linked to factors such as the aging of equipment, current economic conditions, need for regulatory compliance, the adoption of preventive maintenance, concerns about the environment, and investments in infrastructure.

In the near future, the market size for repair and maintenance is anticipated to experience robust expansion. By 2029, it’s projected to inflate to $2322.59 billion, at a compound annual growth rate (CAGR) of 7.8%. This growth over the projected period can be credited to the emphasis on asset management, compliance with health and safety, energy efficiency, initiatives towards a circular economy, and bolstering supply chain resilience. Looking ahead, we expect emerging trends to include the development of predictive maintenance technologies, the digitisation of work order management, the use of augmented reality (AR) in training, collaborations with original equipment manufacturers (OEMs), and the incorporation of artificial intelligence.

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What Core Drivers Are Shaping The Expansion Of The Repair and Maintenance Market?

The increasing emphasis on sustainability and efforts to minimize waste will fuel the market for repair and maintenance of diverse devices, equipment or vehicles. The issue of waste resulting from discarded devices, equipment or vehicles and their parts has become a prominent issue in both developed and growing nations globally. This waste could negatively affect human health and environmental wellbeing due to its potential toxic content. For instance, a 2022 survey by the UK-based audience research firm GWI revealed that 44% of global consumers exert effort to recycle their electronics. Further research shows that about 53% of young consumers not only acknowledge the significance of recycling but also claim to actively encourage it in their everyday lives. Moreover, there is a growing concern for environmental pollution caused by discarded products, prompting individuals to opt for repair or reuse. Consequently, the escalating prominence of sustainability is anticipated to propel market growth.

What Segment Categories Dominate The Repair and Maintenance Market Landscape?

The repair and maintenancemarket covered in this report is segmented –

1) By Type: Automotive Repair and Maintenance, Commercial and Industrial Machinery and Equipment Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Personal Goods Repair And Maintenance

2) By Mode: Online, Offline

3) By Service: Off-Site Service, On-Site Service

Subsegments:

1) By Automotive Repair And Maintenance: Engine Repair, Transmission Repair, Brake Repair, Tire Services

2) By Commercial And Industrial Machinery And Equipment Repair And Maintenance: Heavy Machinery Repair, HVAC Maintenance, Electrical Equipment Repair, Industrial Equipment Servicing

3) By Electronic And Precision Equipment Repair And Maintenance: Consumer Electronics Repair, Medical Equipment Maintenance, Computer Repair, Instrument Calibration

4) By Personal Goods Repair And Maintenance: Clothing Alterations, Shoe Repair, Jewelry Repair, Appliance Repair

Which Market Trends Will Define The Future Of The Repair and Maintenance Market?

A growing number of employers in the repair and maintenance sector in Europe, particularly in the UK, are offering zero-hours contracts in response to unpredictable consumer demand. These contracts, also known as casual contracts, allow companies to employ workers without a guarantee of work. Employees are given short notice before their shifts and are summoned to work on an as-needed basis, usually without the benefits and leave offered to other staff members. These agreements are gaining popularity due to the flexibility they provide for both employers and workers. For example, according to the Office for National Statistics, the UK’s official independent statistics producer, the number of workers on zero-hour contracts in 2022 reached 1 million, accounting for approximately 3.2% of the total workforce in the UK. It is therefore likely that a significant percentage of these workers come from the repair and maintenance sector, which frequently hires freelancers on a non-contractual basis.

Who Are The Most Influential Companies In The Repair and Maintenance Market?

Major companies operating in the repair and maintenance market include Bridgestone Americas Inc., The Goodyear Tire & Rubber Company, Asbury Automotive Group Inc., Sonic Automotive Inc., LKQ Corporation, Emcor Group, LeasePlan Corporation N.V., Firestone Complete Auto Care, Fanuc Corp., Belron, Boyd Group Services Inc., Safelite Group Inc., Valvoline Inc., Driven Brands Inc., Jiffy Lube International Inc., MONRO INC., Les Schwab Tire Centers, Mavis Tire Supply Corporation, ABRA Auto Body & Glass, Service King Collision Repair, Meineke Car Care Centers Inc., American Residential Services, Midas International Corporation, Caliber Holdings LLC, Handyman Connection, Tilden Car Care Centers, CarcareONE, Christian Brothers Automotive Corporation, Kauffman Tire Inc., Transform SR Brands LLC, TBC Corporation

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What Are The Regional Dynamics Shaping The Repair and Maintenance Market?

Asia-Pacific was the largest region in the repair and maintenance market in 2024. Western Europe was the second-largest region in the repair and maintenance market. The regions covered in the repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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