Personal Goods Repair And Maintenance Market Size Forecasted To Achieve $180.59 Billion By 2029 With Steady Growth

The Personal Goods Repair And Maintenance Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Personal Goods Repair And Maintenance Market Size and Projected Growth Rate?
In recent years, the market size for personal goods repair and maintenance has significantly expanded. The expectations are for an increase from a market worth $132.5 billion in 2024 to one valeud at $142.03 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%. The historical growth in this sector is believed to be influenced by a rise in disposable income, robust economic growth in emerging markets, quick urbanization, enhanced internet accessibility, and a rise in the availability of mobile devices.

The market for personal goods repair and maintenance is anticipated to experience robust growth in the approaching years, with a projected worth of $180.59 billion by 2029, indicating a 6.2% compound annual growth rate (CAGR). This surge during the prediction period can be connected to an increasing emphasis on sustainability, higher initial costs for new products, a rising rate of personal goods malfunction, and the cost efficiency linked to repairing older goods, along with stricter governmental regulations regarding waste management. Developing trends within this prediction timeframe encompass corporations needing to incorporate IoT into their functions to increase efficiency and maintain real-time device status, the use of augmented reality-based methodologies to boost performance, contemplating amalgamations with monetary and other domestic appliance corporations to fortify financial stability and operational capacity, and the adoption of predictive maintenance solutions to diminish machinery downtime and invigorate efficiency by preempting part failures.

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What Are the Major Segments in the Personal Goods Repair And Maintenance Market?
The personal goods repair and maintenance market covered in this report is segmented -

1) 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
2) By Mode: Online, Offline
3) By Service: Inspection, Maintenance, Repair

Subsegments:
1) By Home And Garden Equipment Repair And Maintenance: Lawn Mower Repair, Garden Tool Repair, Outdoor Power Equipment Repair
2) By Appliance Repair And Maintenance: Major Appliance Repair, Small Appliance Repair, HVAC System Maintenance
3) By Reupholstery And Furniture Repair: Upholstery Services for Sofas and Chairs, Furniture Refinishing and Restoration, Antique Furniture Repair
4) By Footwear and Leather Goods Repair: Shoe Repair Services, Handbag and Leather Goods Repair, Leather Cleaning and Restoration
5) By Other Personal And Household Goods Repair and Maintenance: Jewelry Repair, Watch Repair, Musical Instrument Repair

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What Are The Driving Personal Goods Repair And Maintenance Market Evolution?
A surge in home gardening is anticipated to stimulate the personal goods repair and maintenance market's expansion. Gardening, the act of cultivating and maintaining a garden, especially as a leisure activity, calls for regular upkeep of gardening tools to ensure they remain in optimal working condition. Apart from being sharp, these tools need to be clean and sterile to prevent the potential spread of bacterial, fungal, or insect infestations throughout the garden that may occur if they come in contact with affected plants or soil. As the number of gardening enthusiasts rises, so does the demand for maintenance of gardening instruments. For example, a statistic in August 2024 from U.S.-based Real estate agency Raleigh Realty Homes revealed that around 55% of U.S. households, approximately 71.5 million households and 185.9 million persons, have gardens. Consequently, this upswing in home gardening is predicted to fuel the growth of the personal goods repair and maintenance market in the future.

Which Firms Dominate The Personal Goods Repair And Maintenance Market Segments?
Major companies operating in the personal goods repair and maintenance market include Frontdoor Inc, Mr. Appliance, Furniture Medic, Lee Company, Home-Tech Consolidated, Inc, NuShoe, Pride Air Conditioning & Appliance, Inc., Arista Air Conditioning Corp., One Hour Heating & Air Conditioning, Bhangar Wala Enterprises Private Limited, Finvictus India Private Limited, Rich Life Trading Private Limited, Imexture Trade India Private Limited, Shanxi Sida Yungui Mechanical & Electrical Engineering Co., Ltd, Zhejiang Materials Industry, Zhejiang Yasha Decoration Co., Ltd, Melbourne Digital Television Services, D.K Computer Solution, Shanghai Trendzone Construction Decoration Group Co., Ltd, Huizhou Huijinlong Mechanical & Electrical Repairing Co., Ltd, Domex appliances services, Glotech repairs, capital Repairs, UK Service home AEID services, MESURE PROCESS, Libre Service Casiers Maintenance, Slak, Hamitouche Hayat, Depannage, SARL Arcade Multiservices, Repair World Direct, Square Trade, Electronix Services, Meggitt PLC, MRO services, Feba Electronics Repair Service, Hilti Group, Holcim, Lufthansa Technik, Ufa, Mendtronix Inc, The Cableshoppe Inc, uBreakiFix, iCracked, Inc, P.C. Richard & Son, Inc, Daikin Holdings America Inc, Otis Worldwide Corporation, Terminix Global Holdings, Inc, Schindler Elevator Corporation, Evernex, Quanta services, Emcor Group Inc, MYR Group, MMR Group INC, Encompass Supply Chain Solutions, B2X Care Solutions, Moduslink Global Solutions, Redington Services, Quest International Inc

What Trends Are Driving Growth in The Personal Goods Repair And Maintenance Market?
Leading firms in the personal goods repair and maintenance market are focusing on creating inventive solutions, like clothing repair services, to cater to the increasing demand for sustainable fashion. Clothing repair service entails specialized services that center on fixing, modifying, or rejuvenating clothes to prolong their lifespan and improve their functionality. For example, Marks & Spencer (M&S), a UK-based clothing brand, introduced a fresh clothing repair service named M&S Fixed by Sojo in August 2024, in collaboration with the tailoring startup Sojo. This service is designed to foster sustainability by enabling customers to schedule repairs such as zip replacements and knitwear mending, starting at a cost of £5 ($6.46), with a completion time of 7 to 10 days. This initiative is a component of M&S's comprehensive Plan A sustainability strategy, which aims at decreasing textile waste and promoting the circular economy. This action reflects an emerging trend among retailers to advocate for sustainable practices in the fashion sector.

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Which Is The Largest Region In The Personal Goods Repair And Maintenance Market?
Asia-Pacific was the largest region in the personal goods repair and maintenance market in 2024. Western Europe was the second-largest region in the personal goods repair and maintenance market. 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, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Personal Goods Repair And Maintenance Market?
2. What is the CAGR expected in the Personal Goods Repair And Maintenance Market?
3. What Are the Key Innovations Transforming the Personal Goods Repair And Maintenance Industry?
4. Which Region Is Leading the Personal Goods Repair And Maintenance Market?

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