Future of the Personal Goods Repair And Maintenance Market: Strategic Analysis and Forecast to 2034

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What Is the Expected CAGR for the Personal Goods Repair And Maintenance Market Through 2025?
The market for personal goods repair and maintenance has significantly expanded in the past few years. The projected growth is from $132.5 billion in 2024 to $142.03 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.2%. This historical growth can be credited to factors such as increasing disposable income, robust economic progression in developing markets, accelerated urbanization, expanded internet accessibility, and a higher prevalence of mobile devices.

What's the Projected Size of the Global Personal Goods Repair And Maintenance Market by 2029?
Anticipations are high for robust expansion in the personal goods repair and maintenance market in the coming years. The market is projected to reach a value of $180.59 billion by 2029, progressing at a compound annual growth rate (CAGR) of 6.2%. Several factors contribute to this expected growth in the forecast period, such as an increasing emphasis on sustainability, the escalating costs of new products, a high failure rate of personal goods and the economic advantages of repairing versus replacing old goods. Regulations regarding waste management are also playing a role. Noteworthy trends for the forecast period suggest that businesses should leverage IoT for their operations to boost efficiency and monitor device status in real time. Organizations should also think about integrating AR-based procedures to upgrade their performance while considering potential mergers with finance and other household appliance firms to increase their financial security and enhance performance. The adoption of predictive maintenance solutions could also be beneficial in decreasing breakdowns and enhancing efficiency by forecasting parts failures in advance.

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Top Growth Drivers in the Personal Goods Repair And Maintenance Industry: What's Accelerating the Market?
The expected rise in home gardening is predicted to contribute towards the expansion of the personal goods repair and maintenance sector. The act of preserving and cultivating a garden, particularly as a pastime, is known as gardening. To ensure good working order, gardening tools need consistent care and upkeep. Besides being sharp, the tools should also be clean and germ-free. Contact with plants or soil carrying any bacterial, fungal, or insect infestations can impart these issues to the tools which can then spread it across the garden. As more individuals engage with gardening activities, the need for preserving their gardening equipment also escalates. For example, Raleigh Realty Homes, a real estate agency in the United States, reported in August 2024 that about 55% of U.S. households, translating to an estimated 71.5 million gardening households and 185.9 million persons, possess a garden as of 2024. Consequently, the escalation in home gardening is anticipated to propel growth in the personal goods repair and maintenance market.

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What Trends Will Shape the Personal Goods Repair And Maintenance Market Through 2029 and Beyond?
Leading businesses in the personal goods repair and maintenance market are pivoting towards inventive solutions like clothing repair services to cater to the increasing demand for sustainable fashion. The term "clothing repair service" defines unique services that prioritize repairing, altering, or refurbishing clothes to prolong their durability and boost their utility. For example, in August 2024, M&S, a clothing brand from the UK, introduced a fresh clothing repair feature named M&S Fixed by Sojo, in alliance with the tailoring startup Sojo. This service is designed to foster sustainability by offering customers the chance to schedule repairs such as swap outs for zips and mending knitwear, commencing from £5 ($6.46), with a delivery period of 7 to 10 days. This measure is part of M&S's comprehensive Plan A sustainability blueprint, emphasizing minimizing textile trash and endorsing the circular economy. This development indicates a growing inclination among retailers to champion sustainable habits in the fashion world.

What Are the Main 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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Which Top Companies are Driving Growth in the Personal Goods Repair And Maintenance Market?
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

Which Regions Will Dominate the Personal Goods Repair And Maintenance Market Through 2029?
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

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