Revenue is expected to decline at a compound annual rate of 3.2% over the five years through 2023-24 to £179.2 million, including an estimated drop of 4.2% in 2023-24. Diminished consumer confidence and stagnant disposable incomes have pushed people to fix rather than replace broken appliances, particularly expensive items. Due to most manufacturers now providing guarantees on many purchases, independent repair services are often overlooked. These after-sales services typically last one to two years. Consequently, local services usually come into play only when warranties expire, decreasing demand for independent repair companies.No repair needed: Industry revenue is expected to fall in 2023-24 due to manufacturers offering extended warranties
This industry specialises in repairing household appliances such as refrigerators, cookers, washing machines and toasters, and gardening equipment such as lawnmowers, leaf blowers, mulchers and hedge trimmers. This industry does not include the repair of hand-held power tools or central air-conditioning systems.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
OPERATING CONDITIONS
- Capital Intensity
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- British Gas Services Ltd
- Currys plc
- Whirlpool UK Appliances Ltd
Methodology
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