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2024 U.S. Industry Statistics & Market Forecast - Appliance Repair and Maintenance


Market Size & Industry Statistics

The total U.S. industry market size for Appliance Repair and Maintenance: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

Major trends affect the Appliance Repair and Maintenance industry include:
  1. Increasing integration of smart technology in household appliances
  2. Rise in DIY repair by consumers due to online tutorials
  3. Environmental regulations driving demand for energy-efficient and sustainable repairs
  4. Growing preference for extended warranties and service contracts
  5. Shortage of skilled technicians
  6. Aging appliance infrastructure increasing service demand
  7. Impact of economic downturns influencing consumer spending on repairs
  8. Advancements in diagnostic tools and technologies
  9. Increased use of refurbished parts to reduce costs
  10. Expansion of subscription-based and preventive maintenance services
  11. Shift towards local and mobile repair services to reduce downtime
  12. Impact of global supply chain disruptions on part availability
  13. Rising consumer awareness about the circular economy and appliance lifespan extension


Product & Services Breakdown

Research products and services in the Appliance Repair and Maintenance industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Maintenance And Repair - Appliances And Powered Household Equipment

Maintenance And Repair - Major Household-Type Appliances

Maintenance And Repair - Other Appliances And Household Equipment (Include Household-Type Power Hand Tools.)

Resale Of Merchandise

Resale Of Parts And Supplies Not Included In Repair Work

Resale Of Other Merchandise



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry Average Percent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Appliance Repair and Maintenance company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Appliance Repair and Maintenance industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Appliance Repair and Maintenance measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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General and Operations Managers5%
Sales and Related Occupations 5%
Office and Administrative Support Occupations 16%
Other Office and Administrative Support Workers 6%
Office Clerks, General 6%
Office Clerks, General 6%
Installation, Maintenance, and Repair Occupations 40%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers 12%
Small Engine Mechanics 11%
Motorboat Mechanics and Service Technicians 7%
Other Installation, Maintenance, and Repair Occupations 25%
Home Appliance Repairers 14%
Home Appliance Repairers 14%
Production Occupations 21%
Textile, Apparel, and Furnishings Workers 12%
Miscellaneous Textile, Apparel, and Furnishings Workers 6%
Upholsterers 6%
Source: Bureau of Labor Statistics


Appliance Repair and Maintenance Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Appliance Repair and Maintenance industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Appliance Repair and Maintenance industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Appliance Repair and Maintenance industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Appliance Repair and Maintenance

  • Apr 02, 2024: MECO CONTRACTORS LLC (Arp, TX) awarded $250,446
  • Mar 28, 2024: DIVERSIFIED LABORATORY REPAIR INCORPORATED (Gaithersburg, MD) awarded $14,750
  • Mar 26, 2024: GLOBAL SERVICE TITAN LLC (Auburn, GA) awarded $23,964
  • Mar 13, 2024: ENGINEERED COOLING SERVICES, INC. (Pensacola, FL) awarded $206,691
  • Mar 12, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $143,811
  • Mar 08, 2024: SOUTHERN AIR, INCORPORATED (Lynchburg, VA) awarded $1,605




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