The Battery, Light Bulb, and Smartphone Repair Industries are Looking up. And up. And up.
When it comes to the growth in demand for batteries, light bulbs, and smartphone and tablet repairs, every cliché you've ever heard is actually true. Demand is going through the roof, they're selling like hot cakes and the sky really is the limit. For example:
- (Navigant Research).
The Lithium Ion Battery market will grow nearly four times from $5.7 billion in 2014 to $24.1 billion in 2023
- (Winter Green Research).
The LED lighting market is anticipated to grow 45% per year through 2019
- (Internal Market Study).
Smartphone repairs in the U.S. is already a $2.4 billion market
One of the enticing aspects of the Batteries Plus Bulbs franchise opportunity is that you're not limited to or dependent on serving just one industry. Another is that the two industries you are primarily focused on – batteries and light bulbs – just keep getting bigger and more exciting.
Get started exploring the nation's best battery, lighting, and cell phone repair franchise opportunity.
The demand for batteries and light bulbs in homes and businesses just keeps getting bigger
No trendy, flash-in-the-pan, new kid on the block gimmicky business concepts here. We're just a solid, steady, needs-based product, repeat-customer business. In fact, we're the only battery, light bulb and cell phone repair franchise in the nation, serving nearly 14 million customers annually. As the number of complex, sophisticated battery-powered devices expands (just like they are in your home), and lighting continues to transition to energy efficient bulbs, we'll continue to serve more residents and businesses each year. Can you imagine a world with fewer battery powered devices than we see today? Fewer light bulbs? Neither can we.
With 28 battery-powered devices and 61 light bulb sockets in the average U.S. household, the future is bright for our steadily growing franchise opportunity.
Ongoing growth in batteries and bulbs powered by continuing trends
Customers will need a trusted source to help them navigate through new technology and product changes in the battery and lighting markets. As a Batteries Plus Bulbs franchise owner, you can be that source in your community. You'll be a part of industries that will only continue to grow and evolve.
New battery-powered devices like smartwatches and other wearables seem to come out daily.
America is switching from old-fashioned incandescent light bulbs to more energy-efficient halogen, CFL, and LED light bulbs.
Light bulbs are getting "smarter" as they become a bigger part of home automation.
Battery-powered devices will be a big part of the evolving "Internet of Things".
Break Into One of America's Fastest-Growing Industries
It is estimated that 1 of 11 iPhones has a broken screen and that mobile device damage is 10 times more likely than theft (Squaretrade). People keep accidentally damaging their smartphones and computer tablets. We capitalized on that trend beginning in 2014 by offering smartphone and tablet repair services and we’ve since taken that to the next level with our We Fix It® Repair Centers inside all Batteries Plus Bulbs store locations.
By offering to repair broken screens, microphones, speakers, and other parts of smartphones and tablet computers, along with replacing their batteries, we've now also become the nation's largest retail phone repair franchise. This is just another example of how we’ve continued to evolve our business and offer more revenue opportunities for our franchisees.