Personal goods repair & maintenance market comprises of the sales of personal goods repair & maintenance services by entities (sole traders, organizations and partnerships) that provide various personal goods repair & maintenance services such as appliance repair & maintenance, home and garden equipment repair & maintenance, footwear & leather goods, re-upholstery-furniture & repair, and other personal or household goods repair & maintenance. This market provides repair & maintenance services such as installation of the substitution parts, home-type appliances or other home-type equipment. There are many types of personal goods to repair & maintenance that includes musical instrument, clothes, bicycle, kitchen appliance, furniture, jewellery, mirror, windows & door, sports equipment, clock, air conditioner, bed, lamps, fan, toys, computer, watches, umbrellas, medical equipment, books, vacuum cleaner, television, computer and others. some essential house repair tools are screwdriver, vise grips, tape measure, 14- ounce hammer, Hand & power saw, Adjustable wrench, Combination Pliers, Hand & power drill, Clamp, 2 –inch paintbrush and Glues & adhesives for wood or plastic etc.
Homes are complex artificial artifacts that can only endure by means of usual re-investments in the maintenance & adaptation. Maintenance is essential to maintain the building's initial performance capacity. Without maintenance, performance doesn’t meet the demand and ultimately drop below the limit of acceptance of residents. The tenure has immense influence on the attitude towards the maintenance.
Referring to study, “Personal Goods Repair And Maintenance Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global personal goods repair & maintenance market include uBreakiFix, Encompass Supply Chain Solutions, Moduslink Global Solutions, The Cableshoppe Inc., Mendtronix Inc. The key companies have developed & implemented a variety of supply chain risk management as well as business stability strategies. These organizations have also prolonged their supply chains from the geographic outlooks to reduce the supply side risks from one region or country. Leading companies also have multi-sourced goods and strategic components for reducing their dependence on any one supplier and they had measured the inventory strategy to buffer alongside supply chain disruption.
Mobile apps are being adopted to connect the clients with appliance renovate professionals. Various personal goods repair & maintenance players are providing different apps to better connect with clients and increase their reach locally. The apps tap into the existing consumer trend of intuitively reaching out to their mobile-phones in a moment’s notice to explore for and order goods.
Based on type, personal goods repair & maintenance market is segmented as appliance repair & maintenance, home & garden equipment repair or maintenance, footwear & leather goods repair, re-upholstery & furniture repair and other personal & household goods repair or maintenance. In addition, based on mode, market is segmented as offline mode, online mode.
The personal goods repair & maintenance market is driven by increase in emergence of technology start-ups, followed by high spending capacity of population in developing economies. It is anticipated that future of the global market will be bright as a result of transformation in lifestyle with growth in inclination towards smart, digital and consumer-centric technologies during the forecast period.
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Ankur Gupta, Head Marketing & Communications