The Electronic Equipment Repair Service by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Electronic Equipment Repair Service, The electronic equipment repair service market size has grown strongly in recent years. It will grow from $112.26 billion in 2023 to $121.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to consumer demand for extended lifespan, shift towards sustainability, rise in high-value devices, consumer awareness and rights, industry collaboration..
The electronic equipment repair service market size is expected to see strong growth in the next few years. It will grow to $163.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising complexity of electronics, extended product lifecycles, shift towards circular economy, growing iot and smart devices, specialized component repair.. Major trends in the forecast period include collaboration between manufacturers and repair service providers, regulations and "right to repair" movements, advancements in iot repair solutions, consumer preferences for sustainability, rise in complexity of electronics..
Rising demand for electronic products is significantly contributing to the growth of the electronic equipment repair service market going forward. Electronic products refer to any electronic equipment made to be purchased and utilized regularly for non-commercial or professional uses by consumers. Electronic equipment repair services are used for the repair and maintenance of electronic products and consumer electronics. Most electronic devices used by consumers use flexible electronics, so as consumer electronics become more popular, market demand rises as well. For instance, according to published data by StockApps.com, a Kenya-based website that attempts to inform investors about the various stock apps available, in 2021, the global consumer electronics revenues were expected to grow 3.6% year-over-year and hit $1.06 trillion, up from $1.02 trillion in 2020. Therefore, rising demand for electronic products will drive the market for electronic equipment repair services.
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The electronic equipment repair service market covered in this report is segmented –
1) By Types: Consumer Electronics, Home Appliances, Industrial Equipment, Medical Equipment
2) By Warranty Type: In Warranty, Out of Warranty
3) By End-Users: Commercial and Industrial, Residential
Top Major Players:
B2X Care Solutions GmbH
Electronix Services
Encompass Supply Chain Solutions Inc
Global Electronic Services Inc
iCracked Inc
Asia-Pacific was the largest region in the electronic equipment repair service market in 2023.
Major companies operating in the electronic equipment repair service market are focused on providing self-service repair with unique features such as direct access to genuine parts to further provide customers with more options for secure repairs. Genuine parts refer to components or materials that are manufactured, produced, or authorized by the original equipment manufacturer (OEM) and meet the specifications and quality standards set by the OEM. For instance, in December 2022, Apple Inc., a US-based computer and consumer electronics company launched its Self-Service Repair program in eight European countries. The program allows customers to purchase genuine Apple parts and tools for DIY repairs on iPhone 12, iPhone 13, and Mac notebooks with Apple silicon. The Self-Service Repair Store offers over 200 individual parts and tools, along with repair manuals, giving experienced users access to the same resources used by Apple Store locations and authorized service providers.
The electronic equipment repair service market report table of contents includes:
1. Executive Summary
2. Electronic Equipment Repair Service Market Characteristics
3. Electronic Equipment Repair Service Market Trends And Strategies
4. Electronic Equipment Repair Service Market - Macro Economic Scenario
5. Global Electronic Equipment Repair Service Market Size and Growth
….
31. Global Electronic Equipment Repair Service Market Competitive Benchmarking
32. Global Electronic Equipment Repair Service Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Electronic Equipment Repair Service Market
34.Electronic Equipment Repair Service Market Future Outlook and Potential Analysis
35.Appendix
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According to a new market report by Research Report Insights titled ‘Electronic Equipment Repair Service – Global Industry Analysis, Size, Share, Trends, and Outlook, 2018 – 2026,’ the global electronic equipment repair service market is expected to reach US$ 162.39 Bn by 2026, expanding at a CAGR of 8.1% from 2018 to 2026.
Europe held a prominent share of the electronic equipment repair service market in 2017.The adoption of electronic equipment has increased across the region due to continuous innovations and technological advancements in electronic equipment technologies.
Moreover, rise in demand for refurbished electronic equipment in developing regions is a major factor that is expected to boost the electronic equipment repair market in the coming years.
This is anticipated to fuel the expansion of the electronic equipment repair service market in the coming years.
In that respect, smartphones offer Internet connectivity on-the-go along with the advantages of traditional mobile phones or feature phones.
Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114903/Electronic-Equipment-Repair-Service-Market The market in Asia Pacific is expected to expand at a rapid CAGR as compared to other regions due to increase in urbanization and rise in population during the forecast period.
The Business Research Company published its Electronic and Precision Equipment Repair and Maintenance Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global electronic and precision equipment repair and maintenance market.
The report covers the electronic and precision equipment repair and maintenance market’s segments- consumer electronics repair and maintenance, computer and office machine repair and maintenance, communication equipment repair and maintenance and other electronic and precision equipment repair and maintenance market.View Complete Report: https://www.thebusinessresearchcompany.com/report/electronic-and-precision-equipment-repair-and-maintenance-global-market-reportElectronic and Precision Equipment Repair and Maintenance Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Adoption of advanced technologies such as IoT is one of the major trends witnessed in the global electronic and precision equipment repair and maintenance market.
With the adoption of advanced technologies and mobile applications, the scope and potential for the global electronic and precision equipment repair and maintenance market is expected to significantly rise in the forecast period.Request A Sample Report At: https://www.thebusinessresearchcompany.com/sample.aspx?id=2237=smp Few Points From Table Of Content1.
The Business Research Company’s latest report Electronic And Precision Equipment Repair And Maintenance Global Market Report 2020 covers Electronic And Precision Equipment Repair And Maintenance market drivers, Electronic And Precision Equipment Repair And Maintenance market trends, Electronic And Precision Equipment Repair And Maintenance market segments, Electronic And Precision Equipment Repair And Maintenance market growth rate, Electronic And Precision Equipment Repair And Maintenance market major players, and Electronic And Precision Equipment Repair And Maintenance market size.
The report provides in-depth analysis of the impact of COVID-19 on the Electronic And Precision Equipment Repair And Maintenance industry, along with revised market numbers due to the effects of the coronavirus.
View Complete Report:https://www.thebusinessresearchcompany.com/report/electronic-and-precision-equipment-repair-and-maintenance-global-market-report-2020-30-covid-19-impact-and-recovery Electronic And Precision Equipment Repair And Maintenance Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request for the sample now:https://www.thebusinessresearchcompany.com/sample.aspx?id=2237=smpThe global electronic and precision equipment repair and maintenance market is expected to grow from $143.8 billion in 2019 to $144.5 billion in 2020 at a compound annual growth rate (CAGR) of 0.5%.
The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The Business Research Company published its Electronic And Precision Equipment Repair And Maintenance Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global electronic and precision equipment repair and maintenance market.
The report covers the electronic and precision equipment repair and maintenance market’s segments- by type: consumer electronics repair and maintenance; computer and office machine repair and maintenance; communication equipment repair and maintenance; other electronic and precision equipment repair and maintenance and by mode: online; offline.View Complete Report: https://www.thebusinessresearchcompany.com/report/electronic-and-precision-equipment-repair-and-maintenance-global-market-report-2020-30-covid-19-impact-and-recoveryElectronic And Precision Equipment Repair And Maintenance Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
TheBusinessResearchCompany published its Electronic and Precision Equipment Repair and Maintenance Global Market Report 2019 which provides strategists, marketers and senior management with the critical information they need to assess the global electronic and precision equipment repair and maintenance market.
The report covers the electronic and precision equipment repair and maintenance market’s segments- consumer electronics repair and maintenance, computer and office machine repair and maintenance, communication equipment repair and maintenance, other electronic and precision equipment repair and maintenance.Explore Complete Report https://www.thebusinessresearchcompany.com/report/electronic-and-precision-equipment-repair-and-maintenance-global-market-reportElectronic and Precision Equipment Repair and Maintenance Global Market Report 2019 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Request to get the sample of this report https://www.thebusinessresearchcompany.com/sample.aspx?id=2237=smpAdoption of advanced technologies such as IoT is one of the major trends witnessed in the global electronic and precision equipment repair and maintenance market.
With the adoption of advanced technologies and mobile applications, the scope and potential for the global electronic and precision equipment repair and maintenance market is expected to significantly rise in the forecast period.Get Discount On This Report https://www.thebusinessresearchcompany.com/sample.aspx?id=2237=discountChapters from Table of Content:Chapter 1.
