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Consumer Electronics Repair And Maintenance Market Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2030
Consumer Electronics Repair and Maintenance Market Market
The global consumer electronics repair and maintenance market reached a value of nearly $16,520.0 million in 2020, having increased at a compound annual growth rate (CAGR) of 5.4% since 2015. The market is expected to grow from $16,520.0 million in 2020 to $23,772.3 million in 2025 at a rate of 7.6%. The market is then expected to grow at a CAGR of 7.1% from 2025 and reach $33,436.2 million in 2030.
The key drivers of the consumer electronics repair and maintenance market include:
Consumer demand for electronics is uncertain and this factor is expected to drive the market for consumer electronics repair and maintenance market during the forecast period. Demand for electronic products depends on consumer buying behavior which fluctuates with the current situation, such as an increase or decrease of disposable income, increased or decreased rates of the price of electronics products and presently the pandemic situation is also impacting the demand of some consumer electronics products in the market.
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Consumer electronics repair and maintenance Market Segmentation: -
By Type-
a) Loudspeakers and Sound Bars
b) Microphones
c) Amplifiers and Mixers
d) Music players and other devices
e) Televisions
f) Video Players
g) Video Cameras
By Service Type-
a) In warranty
b) Out of warranty
By End-User -
a) Industrial and Commercial
b) Residential
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By Geography - The consumer electronics repair and maintenance market is segmented Into
1.Asia Pacific
2.North America
3.South America
4.Western Europe
5.Eastern Europe
6.Middle East
7.Africa
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Some of the major key players involved in the consumer electronics repair and maintenance market are
1. Redington
2. uBreakiFix
3. B2X CARE SOLUTIONS GMBH
4. Encompass Supply Chain Solutions Inc
5. Onsitego
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