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General Information - Stats
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Consider these statistical factors regarding the specific area of repair and maintenance.
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- Government surveys of remodeling and renovation show that repair and maintenance is running between 42-45%
of the total market. This means that of the approximately $100 billion market, there is $42-45 billion spent on
handyman types of services.
- In these surveys, 17% of the market is in major replacement, primarily hot water heaters,
furnaces, roofs, and other major items. Until recently, window and door replacement was not included
in this major replacement category, so it is probably understated. The $8-10 billion replacement
window market and the $1-2 billion replacement door market suggest the understatement may be as much
as $10 billion.
- This type of work can in part be handled by the repair and maintenance (handyman) segment of the
industry. So the total for the repair and maintenance market in the residential sector reached around
$60-70 billion in the early 1990s.
- Over 30% of the residential, remodeling, and repair market is rental property ---- 65 million of
the 100 million single-family housing units. In multi-family dwellings, almost all of the work done
is in repair and maintenance.
- In the commercial, institutional, and industrial segment, there is a need for repair and maintenance
on a regular basis. What this means to remodeling and repair is that the number of new shopping
centers built will be drastically reduced and the existing space will require repair and maintenance
as well as considerable remodeling.
In addition to these industry stats you can see stats specific to Handyman Matters, to review these click here.
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