Personal Goods Repair And Maintenance Market Growth Accelerates: Strategic Forecast Predicts $178.69 Billion by 2029

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What Will the Personal Goods Repair And Maintenance Industry Market Size Be by 2025?
The size of the personal goods repair and maintenance market has robustly expanded over the past few years. Its development from $132.91 billion in 2024 to $141.09 billion in 2025 signifies a compound annual growth rate (CAGR) of 6.2%. Factors like a surge in disposable income, impressive economic escalation in burgeoning markets, swift urbanization, augmented internet usage, and proliferating accessibility of mobile devices have fueled the growth during the historic period.

What's the Long-Term Growth Forecast for the Personal Goods Repair And Maintenance Market Size Through 2029?
In the coming years, the market for personal goods repair and maintenance is anticipated to experience substantial growth. The market value is forecasted to reach $178.69 billion in 2029, with a compound annual growth rate (CAGR) of 6.1%. The growth during this projected period can be attributed to factors such as an increasing general consciousness about sustainability, the mounting expense of new product purchases, a rising rate of personal goods malfunctioning, and the cost advantages related to the repair of existing goods. There's also the impact of increasing government regulations concerning waste management. Key trends to watch for in this period include companies putting greater emphasis on IoT integration to improve efficiency and to monitor real-time device statuses, leveraging AR-based processes to increase performance levels, contemplating mergers with financial and other household appliance firms to bolster financial robustness and performance, and considering the use of predictive maintenance solutions to limit breakdowns and enhance efficiency by forecasting part failures beforehand.

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What Are the Key Growth Drivers Fueling the Personal Goods Repair And Maintenance Market Expansion?
The expansion of the personal goods repair and maintenance market is perceived to be driven by a rise in home gardening. Gardening, which involves maintaining and growing a garden as a hobby, necessitates regular maintenance of the associated tools to keep them in good working order. These instruments, in addition to being sharp, must remain clean and sterile to prevent the spread of bacterial, fungal, or insect infestations across the garden via contact with infected plants or soil. As more people become engaged in gardening, the demand for the maintenance of gardening tools is also escalating. For instance, Raleigh Realty Homes, a US-based Real Estate agency, reported in August 2024 that approximately 55% of U.S. homes, or roughly 71.5 million households and 185.9 million individuals, had a garden as of 2024. Consequently, the surge in home gardening is projected to stimulate the growth of the personal goods repair and maintenance market in the future.

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What Are the Key Trends Driving Personal Goods Repair And Maintenance Market Growth?
Leading firms in the personal goods repair and maintenance market are focusing on the creation of pioneering solutions like clothing repair services, in order to cater to the increasing demand for eco-friendly fashion. The term clothing repair service alludes to specific services that concentrate on fixing, modifying, or reviving clothes to prolong their life and amplify their functionality. For example, in August 2024, a British apparel brand, Marks & Spencer (M&S) introduced an innovative clothing repair service named M&S Fixed by Sojo, in collaboration with the tailoring start-up, Sojo. The aim of this service is to advocate for sustainability by permitting clients to schedule repairs such as zip replacements and knitwear repairs, starting at £5 ($6.46), within a processing time of 7 to 10 days. This move is a part of M&S's comprehensive Plan A sustainability program that emphasises on minimizing textile waste and endorsing circular economy. This move signifies an emerging trend in the retail sector to promote sustainable practices in the world of fashion.

How Is the Personal Goods Repair And Maintenance Market Segmented?
The personal goods repair and maintenancemarket 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 Companies Are Leading the Charge in Personal Goods Repair And Maintenance Market Innovation?
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, crac*ked, 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 Are Leading the Global Personal Goods Repair And Maintenance Market in Revenue?
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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