Market Overview:
The global electronic equipment repair service market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for repairing electronic equipment, especially in developing countries. In addition, the growing awareness about the importance of timely repairs and maintenance is also contributing to the growth of this market. The global electronic equipment repair service market can be segmented on the basis of type and application. On the basis of type, consumer electronics, home appliances, medical equipment, industrial equipment and others are included in this market. Among these types, consumer electronics held a dominant share in 2017 and is expected to maintain its dominance during the forecast period as well owing to rising demand for smartphones and other portable devices across different regions worldwide.
Product Definition:
Electronic Equipment Repair Service is the service of repairing electronic equipment. The importance of Electronic Equipment Repair Service is that it keeps electronic equipment functioning properly and helps to extend its life.
Consumer Electronics:
Consumer electronics is the fastest growing segment in the electronic equipment repair service market. The growth of consumer electronics can be attributed to factors such as increasing disposable income, changing lifestyles, and rapid urbanization.
Global Consumer Electronics Repair Service Market by Type (Public Switched Telephone Network (PSTN), Integrated Services Digital Network (ISDN), HomePlug AV/HDMI)), 2012 - 2022 -> The global consumer electronics repair service market size was valued at USD 32 billion in 2014.
Home Appliances:
Home appliances are electronic equipment which is used in domestic settings for cooking and heating purposes. The home appliances include air conditioners, refrigerators/freezers, water heaters, ovens, toasters and other kitchen devices. These devices help the consumers in saving time as well as energy while performing daily activities like cooking food or making a hot drink.
Application Insights:
The commercial application segment accounted for the largest revenue share of over 60% in 2017. The growth is attributed to the rising demand for electronic equipment repair services from large corporate houses, hotels, restaurants and institutions. In addition, growing concerns regarding the safety of electrical & electronics equipment are expected to drive the demand further.
Residential application is projected to be fastest-growing segment at a CAGR of XX% from 2018 to 2030 owing to increasing consumer spending on home appliances including washers/dryers, refrigerators/freezers and air conditioners/heating systems that include electronics components with more complex functionalities requiring specialized repair services by experienced technicians only available through direct customer contact centers or online portals offering REFRESH service as an alternative option in case consumers cannot fix it themselves or they lack technical expertise required for same.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its lead throughout the forecast period owing to a large number of manufacturing facilities in China, India, and Japan. Moreover, rising disposable income coupled with increasing penetration of e-commerce services is further expected to drive demand for repair services over the next eight years.
North America held a significant share in 2017 owing to presence of prominent players such as iCracked LLC; however, it is anticipated to lose out on growth opportunities due to high level of competition prevailing within regional market space. Europe also has a considerable share within overall industry and accounted for more than 20% revenue share in 2017 due both physical distribution channels as well as online shopping portals offering repair services for electronic products such as smartphones and laptops among others).
Growth Factors:
- Increasing demand for electronic equipment from consumers and businesses
- Rapid technological advancements in the electronics industry
- Growing number of electronics devices in use globally
- Rising number of product recalls and warranty claims
- Increased outsourcing by original equipment manufacturers (OEMs)
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Equipment Repair Service Market Research Report
By Type
Consumer Electronics, Home Appliances, Medical Equipment, Industrial Equipment, Others
By Application
Commercial, Industrial, Residential
By Companies
B2X, Encompass Supply Chain Solutions, Global Electronic Services, ICracked, Mendtronix, MicroFirst, Moduslink, Quest International, Redington, Repair World Direct, UBreakiFix
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Equipment Repair Service Market Report Segments:
The global Electronic Equipment Repair Service market is segmented on the basis of:
Types
Consumer Electronics, Home Appliances, Medical Equipment, Industrial Equipment, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- B2X
- Encompass Supply Chain Solutions
- Global Electronic Services
- ICracked
- Mendtronix
- MicroFirst
- Moduslink
- Quest International
- Redington
- Repair World Direct
- UBreakiFix
Highlights of The Electronic Equipment Repair Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Consumer Electronics
- Home Appliances
- Medical Equipment
- Industrial Equipment
- Others
- By Application:
- Commercial
- Industrial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Equipment Repair Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electronic equipment repair service is a type of service that helps people with broken or malfunctioning electronic devices. This can include things like phones, tablets, laptops, and TVs. Repair services can help you get your device back up and running as quickly as possible.
Some of the major companies in the electronic equipment repair service market are B2X, Encompass Supply Chain Solutions, Global Electronic Services, ICracked, Mendtronix, MicroFirst, Moduslink, Quest International, Redington, Repair World Direct, UBreakiFix.
The electronic equipment repair service market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Equipment Repair Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electronic Equipment Repair Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Equipment Repair Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electronic Equipment Repair Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electronic Equipment Repair Service Market Size & Forecast, 2020-2028
4.5.1 Electronic Equipment Repair Service Market Size and Y-o-Y Growth
4.5.2 Electronic Equipment Repair Service Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Consumer Electronics
5.2.2 Home Appliances
5.2.3 Medical Equipment
5.2.4 Industrial Equipment
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Equipment Repair Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electronic Equipment Repair Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Consumer Electronics
9.6.2 Home Appliances
9.6.3 Medical Equipment
9.6.4 Industrial Equipment
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.10.3 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Consumer Electronics
10.6.2 Home Appliances
10.6.3 Medical Equipment
10.6.4 Industrial Equipment
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.10.3 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Consumer Electronics
11.6.2 Home Appliances
11.6.3 Medical Equipment
11.6.4 Industrial Equipment
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.10.3 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Consumer Electronics
12.6.2 Home Appliances
12.6.3 Medical Equipment
12.6.4 Industrial Equipment
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.10.3 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Consumer Electronics
13.6.2 Home Appliances
13.6.3 Medical Equipment
13.6.4 Industrial Equipment
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.10.3 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electronic Equipment Repair Service Market: Competitive Dashboard
14.2 Global Electronic Equipment Repair Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 B2X
14.3.2 Encompass Supply Chain Solutions
14.3.3 Global Electronic Services
14.3.4 ICracked
14.3.5 Mendtronix
14.3.6 MicroFirst
14.3.7 Moduslink
14.3.8 Quest International
14.3.9 Redington
14.3.10 Repair World Direct
14.3.11 UBreakiFix
