Repair and maintenance of consumer electronics global market

Dublin, August 29, 2022 (The Globe Newswire) – The Global Consumer Electronics Repair and Maintenance Market Report 2022 by Type, Service Type and End User Report added to ResearchAndMarkets.com Show.

The global consumer electronics repair and maintenance market 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 is mainly due to companies rearranging their operations and recovering from the impact of COVID-19, which earlier led to restrictive containment measures including social distancing, remote working and closing of businesses which led to operational challenges. The market is expected to reach $9.60 billion in 2026 with a compound annual growth rate of 3.5%.

The main types of consumer electronics repair and maintenance are amplifiers, soundbars, microphones, amplifiers, mixers, music players and other devices, televisions, video players, and camcorders. A microphone is a device that converts airborne sound waves into electrical signals or records them on a recording medium. The different types of services include in and out of warranty and are used by different sectors such as industrial, commercial and residential.

Western Europe was the largest region in the consumer electronics repair and maintenance market in 2021. The Asia Pacific region was the second largest in the consumer electronics repair and maintenance market. The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

Increased equipment failure rates and the cost benefits of repairing old equipment rather than throwing it away are expected to drive the consumer electronics repair and maintenance market. Low cost branded and unbranded products regularly flood the market and need to be repaired some time because they are made of poor quality materials or due to regular maintenance.

However, research indicates that companies are now taking a different approach, which is to build easily repairable products for their use because fixing a problem with a tool is always a more cost-effective solution than buying a new one, thus enhancing customer confidence. Customers tend to purchase and refer company products that provide repair manuals, parts, and help and guidance on product repair. Apple has started assembling an old iPhone in India. Companies like iFixit and Repair Cafe bring people together to work on hardware repair.

The European Commission is set to discuss regulations for the environmental design of smartphones from 2021, including access to parts and repair information. Therefore, the increase in equipment failure rates and the cost benefits of repairing old equipment is boosting the consumer electronics repair and maintenance market.

Domain
Covered Markets:
1) by type: speakers and soundbars; microphones. Amplifiers and mixers. music players and other devices; televisions. Video players Video cameras
2) by type of service: in warranty; Out of Warranty
3) By the end user: industrial and commercial; residential

Main topics covered:

1. Executive Summary

2. Market characteristics of consumer electronics repair and maintenance

3. Market trends and strategies for consumer electronics repair and maintenance

4. Impact of COVID-19 on consumer electronics repair and maintenance

5. Market size and growth for consumer electronics repair and maintenance

6. Consumer Electronics Repair and Maintenance Market Segmentation

7. Regional and Country Consumer Electronics Repair and Maintenance Market Analysis

8. Asia-Pacific Consumer Electronics Repair and Maintenance Market

9. China’s consumer electronics repair and maintenance market

10. Consumer electronics repair and maintenance market in India

11. Japanese consumer electronics repair and maintenance market

12. Australia market for consumer electronics repair and maintenance

13. Indonesia Consumer Electronics Repair and Maintenance Market

14. South Korea consumer electronics repair and maintenance market

15. Western Europe market for consumer electronics repair and maintenance

16. UK consumer electronics repair and maintenance market

17. Consumer electronics repair and maintenance market in Germany

18. Consumer electronics repair and maintenance market in France

19. Eastern Europe Consumer Electronics Repair and Maintenance Market

20. Consumer electronics repair and maintenance market in Russia

21. North America consumer electronics repair and maintenance market

22. US consumer electronics repair and maintenance market

23. South America consumer electronics repair and maintenance market

24. Brazil Consumer Electronics Repair and Maintenance Market

25. The Middle East market for consumer electronics repair and maintenance

26. Africa Consumer Electronics Repair and Maintenance Market

27. Consumer electronics repair and maintenance Competitive market and company profile

29. Major mergers and acquisitions in the consumer electronics repair and maintenance market

29. Consumer electronics repair and maintenance future market forecast and potential analysis

30. Appendix

mentioned companies

  • Supply Chain Solutions Inc. includes
  • Electronics Services
  • iCracked Inc.
  • Mendtronix Inc.
  • Moduslink Global Solutions
  • MicroFirst Gaming Inc.
  • Quest International.
  • Cableshoppe Inc.
  • uBreakiFix
  • B2X CARE SOLUTIONS GMBH
  • Redington Services
  • direct world repair

For more information about this report visit https://www.researchandmarkets.com/r/9esoe1


        

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