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Electronic Equipment Repair Service Market 2023 - By Size, Share, Growth, Industry Report And Global Forecast To 2032
Electronic Equipment Repair Service Market
The Business Research Company's Electronic Equipment Repair Service Global Market Report 2023 identifies Rising demand for electronic products as the major driver for the Electronic Equipment Repair Service market's growth in the forecast period. Electronic products refers to any electronic equipment made to be purchased and utilized on a regular basis for non-commercial or professional uses by consumers. Electronic equipment repair services are used for the repair and maintenance of electronic products and consumer electronics.
The global electronic equipment repair service market size is expected to grow from $104.86 billion in 2022 to $112.92 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electronic equipment repair service market size is expected to grow to $148.82 billion in 2027 at a CAGR of 7.1%.
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Major competitors in the Electronic Equipment Repair Service market are B2X Care Solutions GmbH, Electronix Services, Encompass Supply Chain Solutions Inc., Global Electronic Services Inc.
A key trend in the Electronic Equipment Repair Service market includes service innovation. Major companies operating in the electronic equipment repair service market are focusing on coming up with new ways to deliver repair services to consumers to enhance their experience with the repair service. For instance, in October 2020, uBreakiFix, a US-based electronic equipment repair service provider, launched a new We Come to You repair program. The new program brings on-demand smartphone repair to customers coast to coast. A professional repair technician from uBreakiFix will meet customers at their homes, places of business, or any other location that is convenient for them to complete the repair on-site in two hours or less. Customers can schedule a "We Come to You" repair appointment, frequently as soon as the same day.
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The Electronic Equipment Repair Service market is segmented -
• By Types: Consumer Electronics, Home Appliances, Industrial Equipment, Medical Equipment
• By Warranty Type: In Warranty, Out of Warranty
• By End-Users: Commercial and Industrial, Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Electronic Equipment Repair Service market.
The Business Research Company's "Global Electronic Equipment Repair Service Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Electronic Equipment Repair Service Market Include:
1. Executive Summary
2. Electronic Equipment Repair Service Market Characteristics
3. Electronic Equipment Repair Service Market Trends And Strategies
4. Electronic Equipment Repair Service Market - Macro Economic Scenario
5. Electronic Equipment Repair Service Market Size And Growth
………………………………………
26. Africa Electronic Equipment Repair Service Market
27. Electronic Equipment Repair Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electronic Equipment Repair Service Market
29. Electronic Equipment Repair Service Market Future Outlook and Potential Analysis
30. Appendix
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