The Business Research Company offers "Consumer Electronics Repair And Maintenance Global Market Report 2020-30: COVID 19 Growth And Change" in its research report store. It 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, and highlights important trend s and strategies that players in the market can adopt.
The global consumer electronics repair and maintenance market is expected to increase from $16.34 billion in 2019 to $16.52 billion in 2020 at a compound annual growth rate (CAGR) of 1.11%. The low growth rate is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $20.52 billion in 2023 at a CAGR of 7.5%.
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The consumer electronics repair and maintenance market consists of sales of consumer electronics repair and maintenance services by entities (organizations, sole traders and partnerships) that are engaged in repairing and maintaining consumer electronics such as televisions, stereos, speakers, video recorders, CD and DVD players, radios, and cameras, without retailing new consumer electronics.
The branded and non-branded low-cost products regularly flood the market and need repair in some time as they are made with poor quality material or due to regular maintenance. However, research suggests that companies are now taking a different approach, which is building products that could be easily repaired for use as fixing an issue in a gadget is always a cost-effective solution than buying a new one, thereby enhancing the trust of the customer.
Consumer Electronics Repair And Maintenance Market Segmentation:
1. Consumer electronics
2. Home Appliances
3. Medical Equipment
4. Industrial Equipment
By End User
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Few Points From Table Of Content
1. Executive Summary
2. Consumer Electronics Repair And Maintenance Market Characteristics
3. Consumer Electronics Repair And Maintenance Market Size And Growth
4. Consumer Electronics Repair And Maintenance Market Segmentation
5. Consumer Electronics Repair And Maintenance Market Regional And Country Analysis
25. Consumer Electronics Repair And Maintenance Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Consumer Electronics Repair And Maintenance Market
27. Consumer Electronics Repair And Maintenance Market Trends And Strategies
28. Consumer Electronics Repair And Maintenance Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the consumer electronics repair and maintenance market in major countries – Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the consumer electronics repair and maintenance market are Quest International, Inc, The Cableshoppe Inc, uBreakiFix, B2X CARE SOLUTIONS GMBH, Redington Services, Repair World Direct.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.