Global Electronic Equipment Repair Service
Market Report
2025
Delivery Includes:- Market Timeline 2021 till 2033, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global electronic equipment repair market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 |
Middle East Market Size | 121212 | 121212 | 121212 | 121212 |
Africa Market Size | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product Types |
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Market Split by Service Type |
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Market Split by End Use |
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Market Split by Repairing Platform |
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Market Split by Conclusion | |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Electronic Equipment Repair Service Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The electronic equipment repair service market is the industry that repairs and maintains electronic devices and equipment, such as computers, mobile phones, televisions, and other consumer electronics. The global electronics equipment repair service market is driven by an increase in the utilization of consumer electronic goods and their adoption. Changing lifestyles increase the usage of electronic devices which leads to the need their cost-effective repairing services as well. The electronic equipment repair business is extremely fragmented and competitive, with several small and independent repair shops operating locally.
For instance- The global consumer electronics repair and maintenance market is expected to grow from $8.43 billion in 2022 to $9.64 billion in 2027 at a CAGR of 2.5 percent. (source:https://epsnews.com/2024/01/16/electronics-spare-parts-and-repair-markets-are-booming/)
Additionally, the Electronic Equipment Repair Service Market is predicted to expand in the next years as electronic gadgets become more complicated and sophisticated. Also, the industry is being pushed by the growing popularity of do-it-yourself (DIY) repair and maintenance, which has opened up new prospects for small repair businesses and individual entrepreneurs. Hence, The electronic equipment repair market is a dynamic and expanding sector that is likely to expand further in the future years, owing to rising demand for repair services and increased awareness of the environmental and economic advantages of repair and reuse.
Due to changing lifestyles and an increase in disposable income demand for electronic devices such as cell phones, TVs, air conditioners, and laptop computers has increased. The growth in the usage of automated electronic equipment in various industries is anticipated to boost the demand for electronic equipment repair services in the industrial electronic repair sector. Consumers are increasingly reliant on these devices for both personal and professional purposes, making the quick and efficient repair of such gadgets crucial.
For instance- Samsung launched a Self-Repair Program in Brazil and Mexico, This initiative aims to empower consumers who want to keep their devices longer, offering another repair option. (source:https://www.samsungmobilepress.com/press-releases/samsung-self-repair-program-officially-launched-in-brazil-and-mexico/)
Hence, the market for electronic equipment repair services is growing with the rise in demand for automated systems.
Consumers are becoming more conscious of the environmental effects of electronic waste and the significance of repairing and reusing equipment rather than discarding them. This opens up a market for repair services that provide ecologically responsible solutions. Repairing electronic devices not only reduces the environmental footprints associated with manufacturing new products but also extends the lifespan of existing devices. Awareness about e-waste and its harmful effects in promoted the government to make efforts and focus on “right to repair law”.
For instance- Gov. Polis Signs a Bill Mandating That Consumers Have More Options To Fix Electronics. (source:https://coloradotimesrecorder.com/2024/05/gov-polis-signs-bill-mandating-that-consumers-have-more-options-to-fix-electronics/62156/)
For instance- New EU rules encourage consumers to repair devices over replacing them. According to a European Commission study, 77% of EU citizens would prefer repair to buy new goods. (source:https://www.europarl.europa.eu/news/en/press-room/20231117IPR12211/new-eu-rules-encouraging-consumers-to-repair-devices-over-replacing-them)
Hence, the government is concerned about environmental hazards and e-waste that helps to drive the market of global electronic equipment repair services.
The use of low-quality or duplicate spare parts in electronic equipment repairs poses a significant threat to the electronic equipment repair sector. Although these components are less expensive than genuine ones, they frequently fail to satisfy the same quality and performance criteria. Poor quality parts may fail early, requiring extra repairs or possibly gadget failure. Many companies are launching their campaign to promote original spare parts.
For instance- Apple to expand repair options with support for used genuine parts genuine Apple parts will now benefit from the full functionality and security afforded by the original factory calibration, just like new genuine Apple parts. (source:https://www.apple.com/newsroom/2024/04/apple-to-expand-repair-options-with-support-for-used-genuine-parts/)
For instance- Fake spare parts were supplied to fix top-selling jet engine. European aviation regulators have determined that an obscure London-based company supplied fake parts for repairs of jet engines that power many older-generation Airbus A320 and Boeing 737 planes. (source:https://www.japantimes.co.jp/business/2023/09/01/companies/fake-parts-boeing-airbus/)
Hence, Buying duplicate spare parts is a false economy, as using them may cost you more in the long run. But, more significantly, fake spare parts can result in significant safety issues that can lead to accidents. Also, duplicate auto spare parts impact the brand, and automobile industry.
The rise in demand for electronic devices poses tons of e-waste and environmental challenges, for this creates a need for repair services not only to fix the malfunctioning of the device but also to prioritize recycling and proper disposal. Repair service providers are uniquely positioned to play a pivotal role in extending the lifespan of electronic equipment and implementing eco-friendly practices.
For instance- The world’s generation of electronic waste is rising five times faster than documented e-waste recycling, the UN’s fourth Global E-waste Monitor (GEM) reveals today. The 62 million tonnes of e-waste generated in 2022 would fill 1.55 million 40-tonne trucks, roughly enough trucks to form a bumper-to-bumper line encircling the equator, according to the report from ITU and UNITAR. (source:https://www.unitar.org/about/news-stories/press/global-e-waste-monitor-2024-electronic-waste-rising-five-times-faster-documented-e-waste-recycling)
Increasing awareness about environmental sustainability and e-waste boosts the market for electronic equipment repair services market. Several countries implemented the right-to-repair law to maintain e-waste and promote repairing services. This momentum gaining popularity across the world as an action to manufacturers making products harder to repair and designing them to become unusable quickly.
The Electronic Equipment Repair Services Market has experienced significant impacts as a result of the COVID-19 pandemic. The pandemic led to a lot of disruptions and commotions in the supply chains leading to postponements and delays in the manufacturing and distribution of the systems. Different disturbances like worldwide lockdowns, closing down factories, and restrictions on transportation impacted the availability of raw materials and types of equipment has slowed down the growth of electronic equipment repair services market. COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments.
• February 5th, 2024 – ModusLink Corporation is proud to announce that it has opened two new facilities in Thailand to service its customers in the Asia Pacific region. ModusLink is an end-to-end global supply chain solutions and e-commerce provider, serving clients in markets such as consumer electronics, communications, computing, software and retail.
• January 10, 2023 – Encompass Supply Chain Solutions, a leading provider of replacement parts and supply chain services for a diverse range of product brands, announced it has finalized an agreement to manage NUC (Next Unit of Computing) parts for Intel, one of the world's foremost technology processing manufacturers.
• August 2, 2023- Global Electronics + Solutions, a global leader in electronic component distribution and supply chain services, announces the launch of its new suite of comprehensive component testing services.
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The Electronic Equipment Repairs Service market competitive landscape provides a detailed analysis of competitors. The detailed analysis includes company overview, company financial statements, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, and application dominance.
Top Companies Market Share in Electronic Equipment Repair Service Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Research, the Asia Pacific region dominated the market and accounted for the highest revenue of XX% in 2022 and it is projected that it will grow at a CAGR of XX% in the future. Due to the presence of numerous domestic and foreign players in the countries Japan, China, and India, the market for electronic equipment repair services is driven in this region. Furthermore, a rise in disposable income raises the need for electronic gadgets, boosting the market for electronic equipment repair services.
North America is projected to grow at a CAGR of XX% over the period. Due to the high demand for repairing electronic gadgets and home appliances, the market is growing in this region. Also, the presence of a large consumer base and industrial sector heightened the demand for repairing services.
The current report Scope analyzes Electronic Equipment Repair Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the North America electronic equipment repair market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the Europe electronic equipment repair market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the Asia Pacific electronic equipment repair market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the South America electronic equipment repair market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the Middle East and Africa electronic equipment repair market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
Global Electronic Equipment Repair Service Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electronic Equipment Repair Service Industry growth. Electronic Equipment Repair Service market has been segmented with the help of its Product Types, Service Type End Use, and others. Electronic Equipment Repair Service market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The home appliances segment dominates the market of electronic equipment repair services among other product type segments. Due to the increase in demand for home appliances like refrigerators, air conditioners, and televisions, the global market demand for repairing services also increased. Consumers regularly buy home appliances to save time and effort. The rising awareness among consumers about the economic and environmental benefits of repairing rather than replacing electronic home appliances drives the market for electronic equipment repair services.
Furthermore, In the future years, it is expected that the global market for electronic equipment repair services will be driven by product improvements, product differentiation, new product development, and the integration of many technologies that add value to consumer electronics.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electronic Equipment Repair Service Industry. Request a Free Sample PDF!
This report forecasts revenue growth in the Electronic Equipment Repair Service industry at global, regional, and national levels, analyzing the latest trends and pinpointing opportunities for each application of given timeframe. This analysis examines how business offerings utilizes to meet specific demands. Key factors to include in the by-application segment analysis are market size, growth potential, revenue contribution by application, technological advancements tailored to each industry (e.g., temperature-controlled logistics for pharmaceuticals or perishables), and regulatory requirements. Furthermore, our research team is prepared to provide additional insights, including a comprehensive analysis of the value chain specific to the Electronic Equipment Repair Service industry, which will highlight key players, processes, and interdependencies across the supply chain. We also offer valuable operational benchmarks to compare performance metrics and identify best practices within the industry. Additionally, we can deliver other specialized and customized information tailored to meet the unique needs and challenges of the Electronic Equipment Repair Service sector, enabling businesses to make informed decisions and stay competitive in a dynamic market. For more information, please request a sample or contact our research team.
Some of the key Service Type of Electronic Equipment Repair Service are:
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Based on end-use, the residential segment dominates the market of electronic equipment repair services. By end user, the residential segment was the highest revenue contributor accounting for 67.78% market share in 2021. Demand for residential electronic equipment repair services is likely to rise at a faster pace soon due to the increase in demand for consumer electronics in the residential sector. The growing trend of recycling and refurbishing electronic devices has also contributed to the growth of the residential segment. Furthermore, consumer electronics and automotive electronics are expected to see the most significant growth, driven by an increase in the adoption of electronic devices in households and the need for repair services for personal devices and vehicles.
Additionally, demand for electronic equipment repair services in the industrial and commercial sectors is estimated to grow over the forecasted period. Manufacturing, healthcare, and automotive industries will have major growth in the near future.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
With the help of the above study about the Electronic Equipment Repairs Service market, it can be concluded that the market for Electronic Equipment Repairs Services worldwide is expected to develop significantly soon. From the report, one can understand and infer the market dynamics, segmentations, status and trends, and key players in the market. It provides data regarding various topics such as market dimensions, prevailing trends, competitive landscape, and the outlook for prospective expansion. This allows the reader to understand and access reliable data about the market and industry.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Types | Consumer Electronics, Home Appliances, Medical Equipment, and Industrial equipment. |
Service Type | Out of Warranty, In Warranty |
End Use | Residential, Commercial, Industrial |
Repairing Platform | online, offline. |
Conclusion | |
List of Competitors | Encompass Supply Chain Solutions, uBreakiFix, iCracked, Moduslink Global Solutions, Mendtronix, The Cableshoppe, Redington Services, B2X CARE SOLUTIONS, Quest International |
This chapter will help you gain GLOBAL Market Analysis of Electronic Equipment Repair Service. Further deep in this chapter, you will be able to review Global Electronic Equipment Repair Service Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Electronic Equipment Repair Service. Further deep in this chapter, you will be able to review North America Electronic Equipment Repair Service Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Electronic Equipment Repair Service. Further deep in this chapter, you will be able to review Europe Electronic Equipment Repair Service Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Electronic Equipment Repair Service. Further deep in this chapter, you will be able to review Asia Pacific Electronic Equipment Repair Service Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Electronic Equipment Repair Service. Further deep in this chapter, you will be able to review South America Electronic Equipment Repair Service Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Electronic Equipment Repair Service. Further deep in this chapter, you will be able to review Middle East Electronic Equipment Repair Service Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Electronic Equipment Repair Service. Further deep in this chapter, you will be able to review Middle East Electronic Equipment Repair Service Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Electronic Equipment Repair Service. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Types Analysis 2019 -2031, will provide market size split by Product Types. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Types Analysis 2021 - 2033
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Chapter 11 Market Split by Service Type Analysis 2021 - 2033
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Chapter 12 Market Split by End Use Analysis 2021 - 2033
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Chapter 13 Market Split by Repairing Platform Analysis 2021 - 2033
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Chapter 14 Market Split by Conclusion Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electronic Equipment Repair Service market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why Consumer Electronics have a significant impact on Electronic Equipment Repair Service market? |
What are the key factors affecting the Consumer Electronics and Home Appliances of Electronic Equipment Repair Service Market? |
What is the CAGR/Growth Rate of Out of Warranty during the forecast period? |
By type, which segment accounted for largest share of the global Electronic Equipment Repair Service Market? |
Which region is expected to dominate the global Electronic Equipment Repair Service Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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