The global personal goods repair and maintenance market size is expected to grow from $124.52 billion in 2021 to $136.77 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The personal goods repair and maintenance market is expected to reach $190.07 billion in 2026 at a CAGR of 8.6%.
What is the Global Personal Goods Repair And Maintenance Market?
The personal goods repair and maintenance market consists of sales of personal goods repair and maintenance services by entities (organizations, sole traders and partnerships) that provide personal goods repair and maintenance services including home and garden equipment repair and maintenance, appliance repair and maintenance, re-upholstery and furniture and repair, footwear and leather goods and other personal and household goods repair and maintenance.
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What drives the Global Personal Goods Repair And Maintenance Market?
Mobile apps are being adopted to connect consumers with appliance repair professionals. Several personal goods repair and maintenance companies are offering apps to better connect with costumers and increase their reach locally. The apps tap into the current consumer trend of instinctively reaching out to their mobile phones in a moment’s notice to search for and order goods. For example, Serviz, an app for home services offers personal goods repair services with prices in some of the major American metropolitan areas. Plumbal’s app allows for consumers to search for nearby plumbers and send repair or maintenance requests.
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Global Personal Goods Repair And Maintenance Market Segments
The global personal goods repair and maintenance market is segmented:
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 regions covered in the personal goods repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Personal Goods Repair And Maintenance Global Market Report 2022provides market size and growth forecasts for the global personal goods repair and maintenance market, global personal goods repair and maintenance market share, personal goods repair and maintenance market segments and geographies, personal goods repair and maintenance market competitive landscape including leading competitors’ revenues, profiles and market shares. The personal goods repair and maintenance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Personal Goods Repair And Maintenance Industry Playersinclude Encompass Supply Chain Solutions, uBreakiFix, Moduslink Global Solutions, Mendtronix Inc. and The Cableshoppe Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
