Electronic Equipment Repair Service Market
Electronic Equipment Repair Service Market (Product- Consumer Electronics (Smart Phones & Mobile Phones, Televisions, Set-top-Boxes, Notebooks and Laptops, Tablets, PC Sets), Home Appliances (Refrigerators, Air Conditioners and Coolers, Microwaves, Mixers, Grinders and Food Processors, Washing Machines), Medical Equipment (Medical Monitors, Lab Equipment, Dental Clinic Equipment, Ventilators, CT Scanners), Industrial Equipment (Laser Equipment, Voltmeter, Pulse and Signal Generator, Frequency Counters, Machinery, Motors and Generators); Service - Warranty Service, Out of Warranty; End use - Commercial and Industrial, Residential) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
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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.
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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.
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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.,
Global Electronic Equipment Repair Service Market – Scope of the Report
Transparency Market Research’s recent report on the electronic equipment repair service market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the electronic equipment repair service market analyzes the scenario for the period 2019 - 2027, wherein 2018 is the base year and 2017 and earlier is historical data. The report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the electronic equipment repair service market provides data on the developments undertaken by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the global Electronic equipment repair service market gives readers an individual understanding of the market.
The study discusses the underlying trends and impact of various factors that drive the global electronic equipment repair service market, along with their influence on the evolution of the market.
The study also offers Porter’s Five Force Analysis, value chain analysis, key trend analysis, and SWOT analysis of the global Electronic equipment repair service market in order to highlight the crucial growth tactics and opportunities for market players.
Key Questions Answered in This Report on the Electronic equipment repair service Market
- How much revenue will the electronic equipment repair service market generate by the end of the forecast period?
- What application electronic equipment repair service is likely to gain the maximum market share by 2027?
- What regions currently contribute the maximum share to the overall electronic equipment repair service market?
- What are the indicators expected to drive the global electronic equipment repair service market?
- Which region is likely to be a lucrative market during the forecast period?
- What are the essential strategies incorporated by key stakeholders in the global electronic equipment repair service market to expand their geographical presence?
- What are the major advancements witnessed in the global electronic equipment repair service market?
The report answers these questions and more about the global electronic equipment repair service market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.
Global Electronic equipment repair service Market – Research Methodology
The TMR report on the global electronic equipment repair service market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. The competitive scenario of the global electronic equipment repair service market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global electronic equipment repair service market arrive at predictions and estimations, and calculate the forecast for the market.
The report uses an analytical triangulation method to estimate the numbers and figures of the global electronic equipment repair service market with both bottom-up and top-down approaches.
The detailed assessment of the global electronic equipment repair service market, along with an overview of the landscape is provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the global electronic equipment repair service market is set to grow are based on carefully vetted primary and secondary sources.
- In this chapter, the report offers a dashboard view of the competition matrix of leading players in the global electronic equipment repair service market, along with structural analysis
- The report includes the below mentioned pointers of major players operating in the electronic equipment repair service market:Company Overview
- Product Profiling
- Product Innovation
- Business Strategies/Recent Developments
- Technological Advancements
- Key Mergers & Acquisitions
- Expansion Strategies
- Company Financials
Some of the Key Players Covered Under the Scope Include:
B2X CARE SOLUTIONS GMBH
Encompass Supply Chain Solutions Inc.
Global Electronic Services, Inc.
Repair World Direct
The Cableshoppe Inc.
MicroFirst Gaming Inc.
Moduslink Global Solutions
Quest International, Inc.
Global Electronic Equipment Repair Service Market, by Product Type
- Consumer Electronics
- Smart Phones & Mobile Phones
- Set-top Boxes
- Notebooks & Laptops
- PC Sets
- Others (Music Players, Routers, etc.)
- Home Appliances
- Air Conditioners & Coolers
- Mixers, Grinders & Food Processors
- Washing Machines
- Others (Irons, Dish Washers, etc.)
- Medical Equipment
- Medical Monitors
- Lab Equipment
- Dental Clinic Equipment
- CT Scanners
- Others (Respiration Pumps, Sterilizers, etc.)
- Industrial Equipment
- Laser Equipment
- Pulse & Signal Generator
- Frequency Counters
- Motors & Generators
- Others (Cleaners, Printers etc.)
Global Electronic Equipment Repair Service Market, by Services Type
- In Warranty
- Out of Warranty
Global Electronic Equipment Repair Service Market, by End-use
- Industrial or Commercial
Global Electronic Equipment Repair Service Market, by Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
Global Electronic Equipment Repair Service Market– Segmentation
The report on the global electronic equipment repair service market provides information on the basis of product type, service type, end use, and region.
Out of Warranty
Industrial or Commercial
Middle East & Africa