What is the growth rate of the appliance repair industry in the US? UU. Maintenance and repair - Maintenance and repair of household appliances and electrical equipment - Maintenance and repair of major appliances - Other household appliances and equipment (Includes household electric hand tools. The Freedonia Focus report analyzes consumers' personal expenses for repair services in inflation-adjusted nominal and real dollars, with data provided that include historical and projected personal consumption expenditures by type of product repaired (e.g. Maintenance and Repair - Other Appliances and household equipment (Includes household type electric hand tools.
Although it's usually not as dramatic, there has always been more demand than supply for appliance repair technicians, say business owners and industry associations. States and areas with the highest published employment, location quotients, and wages for appliance repairers are provided. While rising disposable income has motivated some consumers to replace household appliances, particularly smaller ones, lower initial repair costs have encouraged many to seek services from the industry when their appliances began to malfunction. And other selected countries, with information provided for the appliance repair and maintenance service segment, including market estimates and projections, historical trends and market share breakdown for industry participants based on annual revenue.
The financial benchmarking section of this report provides an analysis of industry revenues and expenditures as a percentage of the most recent year's annual revenue for establishments that repair household appliances such as microwaves, ovens, refrigerators, freezers, dishwashers, washing machines, clothes dryers , vacuum cleaners, water heaters and room air conditioners. The historical data uses the results of comprehensive surveys of companies in the appliance repair industry combined with national and regional economic, firmographic and demographic data. Still, unlike HVAC or other trades, appliance repair isn't taught in most vocational curricula, although some in the business think that might be about to change. Caruso's own repair business in New Orleans, Solar Refrigeration & Appliance Service, has rebounded around 30 percent since the pandemic began.