Global Electronic Equipment Repair Service Market - Snapshot

Electronic equipment repair service providers offer repair services for equipment such as consumer electronics, home appliances, medical equipment, and industrial equipment. At present, the consumer electronics segment of the electronic equipment repair service market is expanding at a higher rate due to increase in equipment failure rates and cost benefits of repairing old equipment instead of disposing it. Furthermore, the medical equipment segment is expected to maintain its market share over the forecast period due to high repairing costs and high labor charges as compared to other equipment.

The electronic equipment repair service market is expanding at a rapid pace owing to introduction of a number of new and innovative electronic equipment and products in the market. This is augmenting demand for electronic equipment repair industries as well as technicians across the world. In addition, the demand for refurbished electronics products is rising rapidly around the globe, driven primarily by consumers from developing regions due to the low levels of disposable incomes in these regions. Rise in demand for refurbished electronic equipment is anticipated to provide substantial expansion opportunities to the electronic equipment repair service market. Furthermore, rise in demand for smartphones & tablets and other electronic equipment, especially in developing regions, is driving the global electronic equipment repair service market. This is largely due to the growing requirement for Internet accessibility among end-users.

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However, poor-quality or duplicate spare parts of electronic equipment is a major factor restraining the electronic equipment repair service market. Moreover, the shift in consumer behavior toward buying new electronic equipment is anticipated to hinder the electronic equipment repair service market.

Rise in adoption of electronic equipment insurance services around the globe is a major factor expected to create new opportunities for the electronic equipment repair service market over the forecast period. Moreover, electronic equipment service providers across the world are emphasizing on providing online home services to meet the requirements of their customers in an efficient manner. Furthermore, with a wide range of services offered by service providers, including insurance and warranty for equipment, the electronic equipment repair service market is anticipated to see prominent expansion opportunities in the coming years.

Based on product, the electronic equipment repair service market has been segmented into consumer electronics repair, home appliances repair, medical equipment repair, and industrial equipment repair. The consumer electronics repair segment has been further divided into smartphones, mobile phones, televisions, and set-top boxes. The smartphone sub-segment is projected to expand at a robust pace, primarily due to increasing adoption of smartphones in developing regions. The home appliances segment can be further classified into refrigerators, air conditioners & coolers, microwaves, mixers, grinders & food processors, washing machines, and others. Demand for repair of home appliances is anticipated to increase due to technological development in electronic appliances across the world. As compared to the industrial equipment segment, the medical equipment segment is expected to expand at a faster rate during the forecast period.

Based on service, the market is segmented into in warranty and out of warranty. The out of warranty service segment is expected to dominate the market during the forecast period. As compared to warranty service, out of warranty service offers advanced repairing solutions and maintenance services to consumers, which has led to the expansion of the out of warranty service segment across different regions.

The residential segment is not only expected to contribute a major revenue share to the global electronic equipment repair service market, but is also projected to expand at a significant pace during the forecast period from 2018 to 2026.This is primarily due to increase in number of consumers across the world and rapid technological advancements in electronic equipment technology. As compared to the residential segment, the industrial & commercial segment is anticipated to expand at a slower pace in the coming years.

Rising demand for electronic equipment and increasing focus on e-waste management have led to the strong presence of electronic equipment service providers in the market. Some of the major players in the global electronic equipment repair service market are Encompass Supply Chain Solutions Inc., uBreakiFix, iCracked, Inc., Moduslink Global Solutions, Mendtronix Inc., The Cableshoppe Inc., Redington Services, Electronix Services, B2X CARE SOLUTIONS GMBH, Quest International, Inc, MicroFirst Gaming Inc., Global Electronic Services, Inc., and others.

Global Electronic Equipment Repair Service Market: Overview

This report on the global electronic equipment repair service market provides analysis for the period 2016–2026, wherein 2017 is the base year and the period from 2018 to 2026 is the forecast period. Data for 2016 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, policy and regulations, and technology advancement that are expected to influence the expansion of the electronic equipment repair service market during the said period. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of value estimates (US$ Bn) across different geographies.

Global Electronic Equipment Repair Service Market: Trends and Opportunities

The adoption of electronic equipment such as smart phones, mobile phones, television, and others is rising rapidly among end-users globally. As the adoption of electronic equipment rises, the possibility of damage to products is also anticipated to increase, which is consequently expected to fuel the electronic equipment repair service market over the forecast period. In addition, demand for refurbished electronic equipment in emerging nations is also a major driver augmenting the market.

The penetration of smartphones and other equipment such as televisions, tablets, and notebooks is rising in emerging economies such as South America, Asia Pacific, and Middle East & Africa. This is expected to offer opportunities for the electronic equipment repair service market over the forecast period. Moreover, increasing government regulations for e-waste management is expected to create significant potential for the electronic equipment repair service industry in the near future. Demand for repair service providers is also increasing in order to recycle or reuse defective products and help in maintaining a sustainable environment.

Global Electronic Equipment Repair Service Market: Key Segments

Based on product, the electronic equipment repair service market has been categorized into consumer electronics, home appliances, medical equipment, and industrial equipment. The consumer electronics segment has been further divided into smart phones & mobile phones, televisions, set-top boxes, notebooks & laptops, tablets, PC sets, and others. The home appliances segment has been further classified into refrigerators, air conditioners & coolers, microwaves, mixers, grinders & food processors, washing machines, and others. The medical equipment segment has been divided into medical monitors, lab equipment, dental clinic equipment, ventilators, CT scanners, and others. The industrial equipment segment has been further segmented into laser equipment, voltmeter, pulse & signal generator, frequency counters, motors & generators, machinery, and others.  In terms of service, the market has been classified into in warranty and out of warranty. Based on end-use, the electronic equipment repair service market has been classified into industrial &commercial and residential.

In terms of region, the report classifies the market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The regions have been analyzed in terms of value in the electronic equipment repair service market. Furthermore, region-wise prominent countries covered in the report include –the U.S, Canada, Germany, U.K., France, China, India, Japan, GCC, South Africa, and Brazil.

Global Electronic Equipment Repair Service Market: Scope of the Study

The report also includes key developments in the electronic equipment repair service market. Porter’s Five Forces analysis which identifies bargaining power of suppliers, bargaining power of buyers, threat from new entrants, threat from substitutes, and threat from competition in the electronic equipment repair service market industry, is also included in the report. Ecosystem analysis, which shows work flow in the electronic equipment repair service market and identifies spare parts providers, service providers, and distribution channels of this industry is also covered in the report. Segment trends and regional trends have also been added in the report. It also covers segment wise incremental opportunity analysis. Furthermore, the report covers incremental opportunity analysis and identifies and compares segments’ attractiveness on the basis of CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa, and South America. The same has also been provided for each segmentation category i.e. type, method, dimension, and application in the scope of the study.

Global Electronic Equipment Repair Service Market: Competitive Landscape

The report also includes competition landscape, which includes competition matrix, market share analysis of major players in the global electronic equipment repair service market based on their 2017 revenues, and profiles of major players. The competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings, and R&D focus are attributed to a company’s capabilities. Factors including topline growth, market share, segment growth, infrastructure facilities, and future outlook are attributed to a company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players in the electronic equipment repair service market.

Company profiles of players operating in the electronic equipment repair service market include company overview, major business strategies, and key developments. The companies profiled in the global electronic equipment repair service market include Encompass Supply Chain Solutions Inc., uBreakiFix, iCracked, Inc., Moduslink Global Solutions, Mendtronix Inc., The Cableshoppe Inc., Redington Services, Electronix Services, B2X CARE SOLUTIONS GMBH, Quest International, Inc, MicroFirst Gaming Inc., and Global Electronic Services, Inc.

The global electronic equipment repair service market is segmented as below:

Global Electronic Equipment Repair Service Market, by Product Type

  • Consumer Electronics
    • Smart Phones & Mobile Phones
    • Televisions
    • Set-top-Boxes
    • Notebooks & Laptops
    • Tablets
    • PC Sets
    • Others (Music Players, Routers, etc.)
  • Home Appliances
    • Refrigerators
    • Air Conditioners & Coolers
    • Microwaves
    • Mixers, Grinders & Food Processors
    • Washing Machine
    • Others (Irons, Dish Washers, etc.)
  • Medical Equipment
    • Medical Monitors
    • Lab Equipment
    • Dental Clinic Equipment
    • Ventilators
    • CT Scanners
    • Others (Respiration Pumps, Sterilizers, etc.)
  • Industrial Equipment
    • Laser Equipment
    • Voltmeter
    • Pulse & Signal Generator
    • Frequency Counters
    • Machinery
    • Motors & Generators
    • Others (Cleaners, Printers, etc.)

Global Electronic Equipment Repair Service Market, by Service Type

  • In Warranty
  • Out of Warranty

Global Electronic Equipment Repair Service Market, by End-use

  • Industrial or Commercial
  • Residential

Global Electronic Equipment Repair Service Market, by Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America
.