NAICS 811412 - Appliance Repair and Maintenance
This U.S. industry comprises establishments primarily engaged in repairing and servicing household appliances without retailing new appliances, such as refrigerators, stoves, washing machines, clothes dryers, and room air-conditioners.
Industry trends:
The appliance repair and maintenance industry, classified under NAICS 811412, is currently experiencing several qualitative trends. One notable trend is the growing demand for sustainable and eco-friendly repair services. Consumers are increasingly prioritizing environmental considerations, leading to a rise in services that focus on repairing rather than replacing appliances to reduce waste and conserve resources.
Another trend is the integration of advanced technologies such as artificial intelligence and IoT (Internet of Things). These technologies are being leveraged to diagnose appliance issues more accurately and efficiently. For instance, smart appliances can now self-diagnose and notify repair services, streamlining the repair process.
Customer expectations are also evolving, with a greater emphasis on convenience and quick service. Mobile repair units and on-demand service apps are becoming more popular, allowing customers to get their appliances fixed without significant disruptions to their schedules.
In terms of market dynamics, the industry is witnessing increased competition from warranty providers and large retail chains offering repair services. However, small businesses and independent repair shops can maintain a competitive edge by specializing in niche markets or offering personalized customer experiences.
Looking forward, forecasts indicate that the demand for appliance repair services will continue to grow, driven by the increasing complexity and cost of new appliances. As consumers become more cost-conscious, they are likely to opt for repairing appliances instead of purchasing new ones. Additionally, the push for sustainability will further bolster the repair market, as more people aim to extend the lifespan of their appliances.
This industry is comprised of:
Air-conditioner, window, repair and maintenance services
Appliance, household-type, repair and maintenance services without retailing new appliances
Clothes dryer, household-type, repair and maintenance services without retailing new clothes dryers
Microwave oven, household-type, repair and maintenance services, without retailing new microwave ovens
Oven, household-type, repair and maintenance services without retailing new ovens
Refrigerator, household-type, repair and maintenance services without retailing new refrigerators
Sewing machine, household-type, repair shops without retailing new sewing machines
Stove, household-type, repair and maintenance services without retailing new stoves
Washing machine, household-type, repair and maintenance services without retailing new washing machine
Water heater repair and maintenance services without retailing new water heaters
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.