Major Growth Driver Identified in 2025 Repair and Maintenance Market: A Growing Sense Of Sustainability Drives Repair And Maintenance Market

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Repair and Maintenance Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the repair and maintenance market size has seen significant expansion. The market, which is anticipated to escalate from $1596.54 billion in 2024 to $1719.32 billion in 2025, is expected to grow at a compound annual growth rate (CAGR) of 7.7%. The historical period's growth can be linked to factors like the aging of equipment, economic scenarios, compliance with regulations, preventive maintenance, environmental issues, and investment in infrastructure.

Repair and Maintenance Market Size Forecast: What's the Projected Valuation by 2029?
The market size for repair and maintenance is projected to experience significant expansion in the upcoming years, with an expected worth of $2322.59 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.8%. The growth predicted for the forecast period is attributed to a focus on asset management, compliance with health and safety rules, energy efficiency, circular economy initiatives, and robustness of the supply chain. Emerging trends over the forecast period encompass predictive maintenance technology, digital management of work orders, use of augmented reality (AR) for training, partnerships with Original Equipment Manufacturers (OEMs), and incorporation of artificial intelligence.

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What Are the Drivers Transforming the Repair and Maintenance Market?
The increasing emphasis on sustainability and waste reduction is likely to foster a greater demand for repair and maintenance of diverse devices, vehicles, or equipment - a development that should boost the repair and maintenance market. Discarded device, equipment, or vehicle waste is a burgeoning issue in developed and developing nations across the globe. Such waste can negatively impact human health and environmental well-being, as it may contain harmful substances. As indicated in a 2022 study by UK based audience research firm, GWI, 44% of consumers worldwide attempt to recycle their electronics. Further research suggests that approximately 53% of younger consumers not only understand the significance of recycling but are also actively involved in its advocacy in everyday life. Additionally, there is increased concern about environmental pollution caused by discarded products, leading to increased efforts to repair or reuse these items. Consequently, this heightened awareness of sustainability can be seen as a significant contributor to market growth.

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What Long-Term Trends Will Define the Future of the Repair and Maintenance Market?
The trend of offering zero-hours contracts, also known as casual contracts, is growing among repair and maintenance businesses in Europe, particularly in the UK. This approach provides a solution to fluctuating consumer demand. The structure of these contracts allows companies to keep workers on staff without promising them regular work hours. Employees are typically notified of their shifts on short notice and are called in for 'piece work' or 'contract work'. These agreements usually do not include leave or other employee benefits. However, the flexibility that these contracts offer is leading to their popularity among both employers and employees. As an example, data from the Office for National Statistics show that the number of workers on zero-hours contracts in the UK reached 1 million in 2022, constituting about 3.2% of the total workforce. It is therefore likely that a substantial portion of these workers are in the repair and maintenance sector, an industry known for frequently employing freelancers on a non-contractual basis.

Which Segments in the Repair and Maintenance Market Offer the Most Profit Potential?
The repair and maintenancemarket covered in this report is segmented -

1) By Type: Automotive Repair and Maintenance, Commercial and Industrial Machinery and Equipment Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Personal Goods Repair And Maintenance
2) By Mode: Online, Offline
3) By Service: Off-Site Service, On-Site Service

Subsegments:
1) By Automotive Repair And Maintenance: Engine Repair, Transmission Repair, Brake Repair, Tire Services
2) By Commercial And Industrial Machinery And Equipment Repair And Maintenance: Heavy Machinery Repair, HVAC Maintenance, Electrical Equipment Repair, Industrial Equipment Servicing
3) By Electronic And Precision Equipment Repair And Maintenance: Consumer Electronics Repair, Medical Equipment Maintenance, Computer Repair, Instrument Calibration
4) By Personal Goods Repair And Maintenance: Clothing Alterations, Shoe Repair, Jewelry Repair, Appliance Repair

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Which Firms Dominate the Repair and Maintenance Market by Market Share and Revenue in 2025?
Major companies operating in the repair and maintenance market include Bridgestone Americas Inc., The Goodyear Tire & Rubber Company, Asbury Automotive Group Inc., Sonic Automotive Inc., LKQ Corporation, Emcor Group, LeasePlan Corporation N.V., Firestone Complete Auto Care, Fanuc Corp., Belron, Boyd Group Services Inc., Safelite Group Inc., Valvoline Inc., Driven Brands Inc., Jiffy Lube International Inc., MONRO INC., Les Schwab Tire Centers, Mavis Tire Supply Corporation, ABRA Auto Body & Glass, Service King Collision Repair, Meineke Car Care Centers Inc., American Residential Services, Midas International Corporation, Caliber Holdings LLC, Handyman Connection, Tilden Car Care Centers, CarcareONE, Christian Brothers Automotive Corporation, Kauffman Tire Inc., Transform SR Brands LLC, TBC Corporation

Which Regions Offer the Highest Growth Potential in the Repair and Maintenance Market?
Asia-Pacific was the largest region in the repair and maintenance market in 2024. Western Europe was the second-largest region in the repair and maintenance market. The regions covered in the repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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