The Global Repair and Maintenance Market Report by The Business Research Company Covers Repair and Maintenance Market Drivers And Restraints, Repair and Maintenance Market Size, Major Players, And The Impact Of COVID-19 On The Repair and Maintenance Market.
The repair and maintenance market consists of sales of repair and maintenance services by entities (organizations, sole traders and partnerships) that provide repair and maintenance services for automotive, personal goods, electronics and other products but excluding aerospace and defense equipment. The repair and maintenance market is segmented into automotive repair and maintenance, commercial and industrial machinery and equipment repair and maintenance, electronic and precision equipment repair and maintenance, and personal goods repair and maintenance.
Many personal services employers in Europe, especially in the UK are increasingly offering zero-hours contracts to deal with uncertain consumer demand.Zer0-hours contracts, also known as casual contracts, enable companies to employ staff without giving work guarantee. Employees are given little notice before shifts, they are called to work whenever there is “piece work” or “contract work”, and they are generally not offered leaves and other employee benefits.
The global repair and maintenance market is expected to grow from $1172.5 billion in 2020 to $1261.6 billion in 2021 at a compound annual growth rate (CAGR) of 7.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1643.7 billion in 2025 at a CAGR of 7%.
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Some repair and maintenance market trends include many personal services employers in Europe, especially in the UK, increasingly offering zero-hours contracts to deal with uncertain consumer demand. Zer0-hours contracts, also known as casual contracts, enable companies to employ staff without giving work guarantee. Employees are given little notice before shifts, they are called to work whenever there is “piece work” or “contract work”, and they are generally not offered leaves and other employee benefits. These contracts are increasingly becoming popular owing to the flexibility it offers to both employers and employees.
Global repair and maintenance market segments include:
1) By Type: Automotive Repair And Maintenance, Commercial And Industrial Machinery And Equipment Repair And Maintenance, Electronic And Precision Equipment Repair And Maintenance, Personal Goods Repair And Maintenance.
2) By Mode: Online, Offline
Subsegments Covered: Automotive Mechanical And Electrical Repair And Maintenance, Automotive Body, Paint, Interior, And Glass Repair, Other Automotive Repair And Maintenance Consumer Electronics Repair And Maintenance, Computer And Office Machine Repair And Maintenance, Communication Equipment Repair And Maintenance, Other Electronic And Precision Equipment Repair And Maintenance, Home And Garden Equipment Repair And Maintenance, Appliance Repair And Maintenance, Reupholstery And Furniture Repair, Footwear And Leather Goods Repair, Other Personal And Household Goods Repair And Maintenance.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global repair and maintenance market share.
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The Repair and Maintenance Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides repair and maintenance market overviews, analyzes and forecasts market size, share, repair and maintenance market players, repair and maintenance market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The repair and maintenance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Repair and Maintenance Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Arnold Clark Automobiles Limited, Caterpillar, Apple Inc, Encompass Supply Chain Solutions Inc., Asbury Automotive Group.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The repair and maintenance Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The repair and maintenance Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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