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

The global consumer electronics repair and maintenance market size is expected to grow from $7.98 billion in 2021 to $8.38 billion in 2022 at a compound annual growth rate (CAGR) of 5.1%. The growth in the market 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 consumer electronics repair and maintenance market is expected to reach $9.60 billion in 2026 at a CAGR of 3.5%.

An increase in equipment failure rates and cost benefits of repairing old equipment rather than disposing of them are expected to drive the consumer electronics repair and maintenance market.

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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. Only goods and services traded between entities or sold to end consumers are included.

Global Consumer Electronics Repair And Maintenance Market Segments Include:

By Type: Loudspeakers and Sound Bars, Microphones, Amplifiers and Mixers, Music Players and Other Devices, Televisions, Video Players, Video Cameras

By Service Type: In-Warranty, Out of Warranty

By End User: Industrial and Commercial, Residential

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the consumer electronics repair and maintenance market in 2021.

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. Customers tend to buy and refer the products of the company that offers repair manual, spare parts and provide assistance and guidance on fixing the product.

TBRC’s consumer electronics repair and maintenance market report covers:

Major Market Players: Encompass Supply Chain Solutions Inc, Electronix Services, iCracked Inc, Mendtronix Inc, Moduslink Global Solutions, MicroFirst Gaming Inc, Quest International, Inc, The Cableshoppe Inc, uBreakiFix, B2X CARE SOLUTIONS GMBH, Redington Services and Repair World Direct.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Consumer Electronics Repair And Maintenance Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026  is one of a series of new reports from The Business Research Company that provides consumer electronics repair and maintenance market overviews, analyses and forecasts market size, share, consumer electronics repair and maintenance market players, consumer electronics repair and maintenance market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s consumer electronics 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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