What is the growth rate of the appliance repair industry in the US? Maintenance and repair services for household appliances and electrical equipment have been on the rise, with states and areas with the highest published employment, location quotients, and wages for appliance repairers being provided. The Freedonia Focus report also 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. 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. Caruso's own repair business in New Orleans, Solar Refrigeration & Appliance Service, has increased about 30 percent since the pandemic began.
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. 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. 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 appliance repair industry is growing rapidly in the US and other selected countries. Market estimates and projections, historical trends and market share breakdowns for industry participants based on annual revenue are being provided.
With more demand than supply for appliance repair technicians, businesses are seeing an increase in their services. Consumers are also taking advantage of lower initial repair costs to seek services from the industry when their appliances begin to malfunction.
