Electronic Equipment Repair Service Market - by Application, Deployment Mode, Industry Vertical - Opportunity Analysis and Industry Forecast, 2017-2024

As per the new research report released by Transparency Market Research, the global electronic equipment repair service market is dominated by three companies and these companies can be considered as market leaders. These companies are Encompass Supply Chain Solutions Inc., uBreakiFix and Redington Service. Encompass Supply Chain Solutions Inc. is an established market player in 4PL and 3PL solutions and repair services for a full range of finished goods, commercial and consumer products, and replacement parts.

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Growing Demand for Refurbished Electronic Equipment Fueling Global Electronic Equipment Repair Service Market

The growing demand for refurbished electronic equipment in developing regions is a major factor which is expected to boost the electronic equipment repair market in the near future. Refurbishment of products is a better way to meet aspirations without having to compromise too much on the cost front. Demand for refurbished electronics products is increasing around the world, driven majorly by buyers from emerging economies due to the low levels of disposable income in such regions. The demand for refurbished medical equipment is increasing at a fast pace owing to factors such as a huge patient population base and the presence of a huge number of clinics and hospitals globally.

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Growing Adoption of Electronic Equipment Insurance Positively Impacting Market Growth

Electronic equipment has grown complicated and fragile, which has made it susceptible to easy damage. Therefore, the adoption of electronic equipment insurance policy is increasing among end-users who seek to mitigate their losses for possible damage risks. Likewise, even equipment manufactures also see insurance as an ideal opportunity to consolidate the risks involved when products are under warranty or in-transit losses

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