Learn about the global repair and maintenance market through The Business Research Company, which provides information on repair and maintenance market size, repair and maintenance market drivers and restraints, repair and maintenance market players, the COVID-19 impact on the repair and maintenance market, and more.

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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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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 defence equipment.

Global Repair And Maintenance Market Segments Include:

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
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 was the largest region in the global repair and maintenance market, accounting for 36% of the market in 2020.

Many personal services employers in Europe, especially in the UK are increasingly offering zero-hours contracts to deal with uncertain consumer demand. Zero-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.

TBRC’s repair and maintenance market report covers:

Major Market Players: 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)

The is one of a series of new reports from The Business Research Company that provides repair and maintenance market overviews, analyses and forecasts market size, share, repair and maintenance market players, repair and maintenance market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s 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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