America's 10 Riskiest Industries

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Appliance repair

2013 revenue: $3.67 billion

2018 revenue: $3.40 billion

The appliance repair industry faces its biggest competition from manufacturers that have warranties that cover repairs. Moreover, the lifespan of appliances is increasing as technology improve. The risk level for this industry is 'very high' and revenue is expected to fall at an average annual rate of 1.5% over the next five years.

But there are opportunities in the industry as "prices for appliances are forecast to outpace disposable income growth."

Source: IBISWorld