The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

An increase in equipment failure rates and cost benefits of repairing old equipment rather than disposing of them are expected to drive innovation in consumer electronics repair and maintenance manufacturing, thus driving the market during the forecast period.

The global consumer electronics repair and maintenance market is expected to grow from $8.43 billion in 2022 to $8.72 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. The global consumer electronics repair and maintenance market size is expected to grow to $9.64 billion in 2027 at a CAGR of 2.5%.

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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 is the largest region in the global consumer electronics repair and maintenance market in 2021.

Major Market Players in the consumer electronics repair and maintenance market include Encompass Supply Chain Solutions Inc., Electronix Services, iCracked Inc., Mendtronix Inc., Moduslink Global Solutions.

Strategic collaborations have emerged as a key trend gaining popularity in the consumer electronics repair and maintenance market. Major companies operating in the consumer electronics repair and maintenance market are focused on collaborating to sustain their position in the market. For instance, in December 2021, Microsoft, a US-based technology corporation, collaborated with iFixit, a US-based community for consumer electronics and gadgets repair, launched official repair tools for surface devices. Microsoft and iFixit are making surface repairs easier by introducing three new tools that make it easier for repairers to execute tasks. The three new tools are the surface display bonding frame, surface display debonding tool, and surface battery cover. Furthermore, in November 2022, Techy Inc., a US-based laptop repair support provider, partnered with Upsie, a US-based company that provides warranties for electronic devices and appliances. The partnership is to develop accessible device warranties and repairs for laptops and cell phones.

The Consumer Electronics Repair and Maintenance Global Market Report 2023  provides a consumer electronics repair and maintenance market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The consumer electronics repair and maintenance market forecast analyzes consumer electronics repair and maintenance market size, consumer electronics repair and maintenance market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Consumer electronics repair and maintenance refers to the service of refurbishing and replacing body parts of electronic equipment, gadgets, devices, and appliances that end consumers use for professional and non-professional purposes. These are also 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.

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