Industry Analysis & Industry Trends
The Household Appliance and Garden Equipment Repair industry has come unstuck over the past five years owing to growing consumer preference for replacement over repair. The average household used to consider appliances a long-term investment and used repair services to prolong their lifespan. However, along with the trend in general consumption patterns, consumers have become far more likely to replace rather than repair goods because it is possible to buy replacements so cheaply. This is particularly noticeable in the market for small appliances, where items have become so cheap that repairs are not economical... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Household Appliance and Garden Equipment Repair industry is highly fragmented and dominated by small operators. There are large numbers of small and medium-size players that specialise in product-specific repair and maintenance services on a local basis. As a result, industry concentration is low. About 87% of industry establishments are small owner-operated firms, contributing to low industry concentration. However, these establishments account for only 45% of industry revenue.
Industry concentration is lifted slightly by the presence of large companies that have engaged in unrelated diversification into the appliance repair market... purchase to read more