Key Takeaways
- The U.S. appliance repair industry generated $6.8 billion in revenue in 2023, reflecting a 3.2% increase from the previous year driven by rising appliance ownership.
- Global appliance repair services market size reached $45.2 billion in 2022 and is expected to grow to $62.7 billion by 2030 at a CAGR of 4.1%.
- In 2023, the North American appliance repair market accounted for 38% of global revenue, valued at $17.1 billion.
- The U.S. employed 45,200 appliance repair technicians in 2023, up 2.1% from 2022.
- Average hourly wage for U.S. appliance repairers was $25.47 in May 2023.
- Employment in U.S. appliance repair industry projected to grow 5% from 2022-2032, adding 2,300 jobs.
- 75% of U.S. consumers prefer repairing over replacing appliances, per 2023 survey.
- 62% of millennials opt for professional repair services in 2023.
- Average U.S. household spends $450 annually on appliance repairs in 2023.
- 29% of U.S. homes use IoT diagnostics for repairs in 2023.
- AI predictive maintenance adopted by 22% of repair firms in 2023.
- Robotic repair tools used in 15% of commercial services 2023.
- California represents 14% of U.S. appliance repair revenue in 2023.
- Northeast U.S. repair density highest at 12.5 per 100k residents 2023.
- Midwest U.S. saw 4.8% repair growth due to harsh winters 2023.
The appliance repair industry is growing globally as people increasingly choose to fix their existing appliances.
Consumer Behavior
Consumer Behavior Interpretation
Economic and Regional Data
Economic and Regional Data Interpretation
Employment Statistics
Employment Statistics Interpretation
Market Size and Growth
Market Size and Growth Interpretation
Repair Trends and Technologies
Repair Trends and Technologies Interpretation
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