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India Home Appliance Repair Service Market, By Service Type (Cleaning & Maintenance, Repair Service); By Appliances Type (Refrigerators, Ovens, Stoves, Washing Machines, Microwave, Air Conditioners & Heaters, Vacuum Cleaners); By Application (In-Warranty, Out-of-Warranty); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: May 2024
- Report ID: BWC24339
- Available Format: PDF
- Page: 200
Report Overview
The rising appliance ownership, increasing product complexity, growing disposable incomes and increasing urbanization in India are projected to propel the expansion of India Home Appliance Repair Service Market during forecast period between 2024 and 2030.
India Home Appliance Repair Service Market - Industry Trends & Forecast Report, 2030
India Home Appliance Repair Service Market size was estimated at USD 980.67 million in 2023. During the forecast period between 2024 and 2030, the size of India Home Appliance Repair Service Market is projected to grow at CAGR of 8.18% reaching a value of USD 1,493.42 million by 2030. Major growth drivers for India Home Appliance Repair Service Market include the growing demand for maintenance and repair of household appliances such as refrigerators, washing machines, ovens, and HVAC systems. The market is further experiencing growth due to the increasing lifespan of appliances, the rising complexity of modern technology, and the growing preference for repairing over replacing appliances. Service providers offer on-site repairs, preventive maintenance, and warranty services to residential customers to ensure appliances function efficiently and last longer. Additionally, advancements in diagnostic tools, technician training, and scheduling platforms contribute to the rising efficiency of services and greater customer satisfaction in the home appliance repair industry.
Home Appliance Repair Service – Overview
Home appliance repair service refers to the professional maintenance, diagnosis, and repair of household appliances, such as refrigerators, washing machines, dryers, ovens, dishwashers, and HVAC systems. These services are typically provided by trained technicians who visit homes to troubleshoot and fix appliance issues, ensuring their proper functioning and extending their lifespan. The scope of service can include on-site repairs, preventive maintenance, replacement of faulty parts, and warranty-based services. This industry plays a crucial role in helping homeowners maintain the efficiency and durability of their appliances, reducing the need for costly replacements.
India Home Appliance Repair Service Market
Growth Drivers
Increasing Product Complexity
The complexity of home appliances is rising with technological advancements. Today's appliances incorporate sophisticated electronic components, smart features, and IoT capabilities, presenting new challenges in repair and maintenance. Technicians must stay current with the latest diagnostic tools and methodologies to effectively address these issues. Smart appliances like refrigerators, washing machines, and ovens feature sensors, touchscreens, and remote connectivity, requiring expertise in electronics, software, and network protocols. As the Internet of Things (IoT) continues to influence appliance design, repair professionals need comprehensive knowledge of these interconnected systems to ensure seamless functionality and resolve connectivity issues.
Rising Appliance Ownership
The surge in home appliance ownership in India is fueling the growth of the appliance repair service market. As more households acquire devices like refrigerators, washing machines, and air conditioners, the demand for repair and maintenance services has surged. This trend is bolstered by urbanization and increasing disposable incomes, leading to a broader customer base for repair services. Moreover, technological advancements and growing consumer awareness have heightened reliance on professional repair services to ensure appliance efficiency and longevity. This has set the stage for significant market expansion, with companies like Flipkart entering the at-home appliance repair market, beginning with air conditioners. Through its after-sales subsidiary Jeeves, Flipkart now offers AC service, with plans to include washing machines and other appliances, reflecting the broader trend. This expansion not only addresses the increasing demand but also heightens competition with established players like Urban Company, potentially sparking further innovation in the home appliance repair service industry.
Restraints
Price Sensitivity
Price sensitivity is a significant challenge in the Indian Home Appliance Repair Service market. Many consumers prioritize low-cost services, leading to intense competition among service providers. This focus on affordability can limit profit margins, affecting the quality of repairs and technician training.
Impact of Escalating Geopolitical Tensions on India Home Appliance Repair Service Market
Escalating geopolitical tensions can significantly impact the India Home Appliance Repair Service Market. Escalating geopolitical tensions can significantly impact the India Home Appliance Repair Service Market. Disruptions in international trade due to geopolitical conflict can lead to shortages in essential appliance parts and components, driving up costs for repair services. Tariffs, sanctions, or import restrictions might further exacerbate supply chain issues, delaying repairs and reducing service quality. Additionally, geopolitical tensions can lead to economic uncertainty, causing consumers to limit spending on non-essential services like appliance repair. This uncertainty can also deter foreign investment, hindering growth in the market. Overall, geopolitical instability creates a challenging environment for sustaining reliable and affordable home appliance repair services in India.
India Home Appliance Repair Service Market
Segmental Coverage
India Home Appliance Repair Service Market – By Service Type
By service type, India Home Appliance Repair Service Market is bifurcated into Cleaning & Maintenance and Repair Service segments.
India Home Appliance Repair Service Market – By Appliances Type
Based on appliances type, India Home Appliance Repair Service Market is divided into Refrigerators, Ovens, Stoves, Washing Machines, Microwave, Air Conditioners & Heaters, and Vacuum Cleaners segments. The refrigerators segment holds the highest share in the India Home Appliance Repair Service Market by appliances type. It is primarily due to essential appliances in almost every household, used for daily food storage and preservation. Their constant use means they are more prone to wear and tear, leading to a greater need for regular maintenance and repair. As disposable incomes increase, more people can afford refrigerators, and with the rise of smart, energy-efficient models, their ownership continues to grow across India. The advanced technology and complex components in modern refrigerators often require specialized repair services, further driving the demand for the segment.
India Home Appliance Repair Service Market – By Application
On the basis of application, India Home Appliance Repair Service Market is split into In-Warranty and Out-of-Warranty segments.
India Home Appliance Repair Service Market – By Region
Based on region, India Home Appliance Repair Service Market is divided into North India, South India, East India, and West India regions.
Competitive Landscape
Major players operating in India Home Appliance Repair Service Market include Home Solution India, Home Appliance Repairs, Doorstep Home Repairs, Appliances India Services, BSH Home Appliances Group, Naman Electronics, Sun Automation, Famous Engineering Works, and Roy Appliance Service. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
-
In October 2023 - Urban Company, an India-based leading technology platform offering a variety of home-based services including appliance repair, entered the branded home appliance market with its new line of water purifiers under the Native brand.
Scope of the Report
|
Attributes |
Details |
|
Years Considered |
Historical Data – 2019–2030 |
|
Base Year – 2023 |
|
|
Estimated Year – 2024 |
|
|
Forecast Period – 2024–2030 |
|
|
Facts Covered |
Revenue in USD Million |
|
Market Coverage |
India |
|
Product/ Service Segmentation |
Service Type, Appliances Type, Application, Region |
|
Key Players |
Home Solution India, Home Appliance Repairs, Doorstep Home Repairs, Appliances India Services, BSH Home Appliances Group, Naman Electronics, Sun Automation, Famous Engineering Works, Roy Appliance Service |
By Service Type
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Cleaning & Maintenance
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Repair Service
By Appliances Type
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Refrigerators
-
Ovens
-
Stoves
-
Washing Machines
-
Microwave
-
Air Conditioners & Heaters
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Vacuum Cleaners
By Application
-
In-Warranty
-
Out-of-Warranty
By Region
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North India
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South India
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East India
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West India
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- India Home Appliance Repair Service Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rising appliance ownership
- Increasing product complexity
- Growing disposable incomes and increasing urbanization in India
- Restraints
- Availability of Spare Parts
- Low awareness about the benefits of professional repair services
- Price sensitivity
- Opportunities
- Growth in online service booking
- Focus on specialization and value-added services
- Challenges
- Skilled workforce shortage
- Lack of clear regulations and standards for service quality, pricing, and spare parts
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- India Home Appliance Repair Service Market: Pricing Analysis
- India Home Appliance Repair Service Market: Marketing Strategies
- India Home Appliance Repair Service Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Service Type
- Cleaning and Maintenance
- Repair Service
- By Appliances Type
- Refrigerators
- Ovens
- Stoves
- Washing Machines
- Microwave
- Air Conditioners & Heaters
- Vacuum Cleaners
- Others
- By Application
- In-Warranty
- Out-of-Warranty
- By Region
- North India
- South India
- East India
- West India
- By Service Type
- Market Size & Forecast, 2019–2030
- North India Home Appliance Repair Service Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Service Type
- By Appliances Type
- By Application
- Market Size & Forecast, 2019–2030
- South India Home Appliance Repair Service Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Service Type
- By Appliances Type
- By Application
- Market Size & Forecast, 2019–2030
- East India Home Appliance Repair Service Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Service Type
- By Appliances Type
- By Application
- Market Size & Forecast, 2019–2030
- West India Home Appliance Repair Service Market
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Service Type
- By Appliances Type
- By Application
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- India Home Appliance Repair Service Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operation Channel Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on India Home Appliance Repair Service Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Home Solution India
- Home Appliance Repairs
- Doorstep Home Repairs
- Appliances India Services
- BSH Home Appliances Group
- Naman Electronics
- Sun Automation
- Famous Engineering Works
- Roy Appliance Service
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 India Home Appliance Repair Service Market Segmentation
Figure 2 India Home Appliance Repair Service Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 India Home Appliance Repair Service Market Size, By Value (USD Million), 2019–2030
Figure 5 India Home Appliance Repair Service Market Share, By Service Type, By Value (USD Million) 2019–2030
Figure 6 India Home Appliance Repair Service Market Share, By Appliances Type, By Value (USD Million) 2019–2030
Figure 7 India Home Appliance Repair Service Market Share, By Application, By Value (USD Million) 2019–2030
Figure 8 India Home Appliance Repair Service Market Share, By Region, By Value (USD Million) 2019–2030
Figure 9 North India Home Appliance Repair Service Market Size, By Value (USD Million), 2019–2030
Figure 10 North India Home Appliance Repair Service Market Share, By Service Type, By Value (USD Million) 2019–2030
Figure 11 North India Home Appliance Repair Service Market Share, By Appliances Type, By Value (USD Million) 2019–2030
Figure 12 North India Home Appliance Repair Service Market Share, By Application, By Value (USD Million) 2019–2030
Figure 13 South India Home Appliance Repair Service Market Size, By Value (USD Million), 2019–2030
Figure 14 South India Home Appliance Repair Service Market Share, By Service Type, By Value (USD Million) 2019–2030
Figure 15 South India Home Appliance Repair Service Market Share, By Appliances Type, By Value (USD Million) 2019–2030
Figure 16 South India Home Appliance Repair Service Market Share, By Application, By Value (USD Million) 2019–2030
Figure 17 East India Home Appliance Repair Service Market Size, By Value (USD Million), 2019–2030
Figure 18 East India Home Appliance Repair Service Market Share, By Service Type, By Value (USD Million) 2019–2030
Figure 19 East India Home Appliance Repair Service Market Share, By Appliances Type, By Value (USD Million) 2019–2030
Figure 20 East India Home Appliance Repair Service Market Share, By Application, By Value (USD Million) 2019–2030
Figure 21 West India Home Appliance Repair Service Market Size, By Value (USD Million), 2019–2030
Figure 22 West India Home Appliance Repair Service Market Share, By Service Type, By Value (USD Million) 2019–2030
Figure 23 West India Home Appliance Repair Service Market Share, By Appliances Type, By Value (USD Million) 2019–2030
Figure 24 West India Home Appliance Repair Service Market Share, By Application, By Value (USD Million) 2019–2030
List of Tables
Table 1 India Home Appliance Repair Service Market Size, By Value (USD Million), 2019–2030
Table 2 India Home Appliance Repair Service Market Share, By Service Type, By Value (USD Million) 2019–2030
Table 3 India Home Appliance Repair Service Market Share, By Appliances Type, By Value (USD Million) 2019–2030
Table 4 India Home Appliance Repair Service Market Share, By Application, By Value (USD Million) 2019–2030
Table 5 India Home Appliance Repair Service Market Share, By Region, By Value (USD Million) 2019–2030
Table 6 North India Home Appliance Repair Service Market Size, By Value (USD Million), 2019–2030
Table 7 North India Home Appliance Repair Service Market Share, By Service Type, By Value (USD Million) 2019–2030
Table 8 North India Home Appliance Repair Service Market Share, By Appliances Type, By Value (USD Million) 2019–2030
Table 9 North India Home Appliance Repair Service Market Share, By Application, By Value (USD Million) 2019–2030
Table 10 South India Home Appliance Repair Service Market Size, By Value (USD Million), 2019–2030
Table 11 South India Home Appliance Repair Service Market Share, By Service Type, By Value (USD Million) 2019–2030
Table 12 South India Home Appliance Repair Service Market Share, By Appliances Type, By Value (USD Million) 2019–2030
Table 13 South India Home Appliance Repair Service Market Share, By Application, By Value (USD Million) 2019–2030
Table 14 East India Home Appliance Repair Service Market Size, By Value (USD Million), 2019–2030
Table 15 East India Home Appliance Repair Service Market Share, By Service Type, By Value (USD Million) 2019–2030
Table 16 East India Home Appliance Repair Service Market Share, By Appliances Type, By Value (USD Million) 2019–2030
Table 17 East India Home Appliance Repair Service Market Share, By Application, By Value (USD Million) 2019–2030
Table 18 West India Home Appliance Repair Service Market Size, By Value (USD Million), 2019–2030
Table 19 West India Home Appliance Repair Service Market Share, By Service Type, By Value (USD Million) 2019–2030
Table 20 West India Home Appliance Repair Service Market Share, By Appliances Type, By Value (USD Million) 2019–2030
Table 21 West India Home Appliance Repair Service Market Share, By Application, By Value (USD Million) 2019–2030
Table 22 Home Solution India Company Overview
Table 23 Home Solution India Financial Overview
Table 24 Home Appliance Repairs Company Overview
Table 25 Home Appliance Repairs Financial Overview
Table 26 Doorstep Home Repairs Company Overview
Table 27 Doorstep Home Repairs Financial Overview
Table 28 Appliances India Services Company Overview
Table 29 Appliances India Services Financial Overview
Table 30 BSH Home Appliances Group Company Overview
Table 31 BSH Home Appliances Group Financial Overview
Table 32 Naman Electronics Company Overview
Table 33 Naman Electronics Financial Overview
Table 34 Sun Automation Company Overview
Table 35 Sun Automation Financial Overview
Table 36 Famous Engineering Works Company Overview
Table 37 Famous Engineering Works Financial Overview
Table 38 Roy Appliance Service Company Overview
Table 39 Roy Appliance Service Financial Overview
Market Segmentation
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