Transforming the Electronic and Precision Equipment Repair and Maintenance Market in 2025: Rising Sales Of Personal Computing Devices Fuel Growth In Electronic And Precision Equipment Repair And Maintenance Market

What Is the Expected Size and Growth Rate of the Electronic and Precision Equipment Repair and Maintenance Market?
The market for repair and maintenance of electronic and precision equipment has seen significant expansion over recent years. Its projected growth is from $141.43 billion in 2024 to $150.36 billion in 2025, maintaining a compound annual growth rate (CAGR) of 6.3%. The historical growth can be linked to factors such as industrial machinery and equipment, medical devices, electronics and consumer devices, as well as aerospace and defense equipment.

The market size for repair and maintenance of electronic and precision equipment is projected to witness robust growth in the upcoming years, reaching $185.79 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 5.4%. This growth during the forecast period is anticipated to be driven by factors such as advancements in technology, maintenance of healthcare equipment, smart manufacturing, and consumer electronics. Key trends during the forecast period encompass the integration of cutting-edge technologies, proactive and preventive maintenance, remote monitoring and maintenance, and embracing sustainability and a circular economy.

What Factors Are Fueling Growth in the Electronic and Precision Equipment Repair and Maintenance Market?
The electronic and precision equipment repair and maintenance market is set to expand as a result of an anticipated boost in personal computing devices' (PCD's) sales. PCDs encompass customer equipment, such as desktop computers, laptops, tablets, and smartphones. The pandemic has escalated the number of individuals working remotely, consequently increasing the sales of PCDs. An augmentation in PCD usage means more demand for the repair and maintenance of such devices. For example, consumers in July 2024 had a record spending of $14.2 billion during Adobe Inc.'s two-day Prime Day event, indicating an 11% increase from the previous year. There were substantial improvements on tablet (117%) and computer (80%) sales. Hence, the surge in personal computing devices' sales is likely to be a driving force for the electronic and precision equipment repair and maintenance market in the future.

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Which Leading Companies Are Shaping the Growth of the Electronic and Precision Equipment Repair and Maintenance Market?
Major companies operating in the electronic and precision equipment repair and maintenance market include Juniper Networks Inc., Emcor Group, Illinois Tool Works Inc., Tsubakimoto Chain Co, Apple Inc., Electronix Services, Encompass Supply Chain Solutions Inc., Global Electronic Services Inc., iCracked Inc., Mendtronix Inc., MicroFirst Gaming Inc., Quanzhou Journey Bags Co. Ltd., Quest International Inc., OTC Industrial Technologies, Precision Electronic Repair Services, ACS Industrial Services Inc., iFixIt, ABB Ltd., Agilent Technologies Inc., Ametek Inc., Anritsu Corporation, Avnet Inc., Belden Inc., Benchmark Electronics Inc., Tech Pros, Precision Electronics Ltd., Advanced Control Solutions Inc., Microtech Services Ltd., MTAR Technologies Ltd., Techtonic Innovations Ltd., RoboTech Services Ltd.

What Are the Major Trends Shaping the Electronic and Precision Equipment Repair and Maintenance Market?
Businesses that offer repair and maintenance services for electronic devices are leveraging artificial intelligence (AI)-based predictive analytics to enhance their service quality. Through the use of IoT technology sensors, this analysis allows service providers to pinpoint potential failure points and gain a comprehensive understanding of the components' current conditions. Firms like Neuron Soundware and KONUX employ AI-predictive maintenance for anomaly detection and enhanced identification of potential breakdown triggers.

What Are the Key Segments of the Electronic and Precision Equipment Repair and Maintenance Market?
The electronic and precision equipment repair and maintenance market covered in this report is segmented -

1) By Type: Consumer Electronics Repair And Maintenance, Computer And Office Machine Repair And Maintenance, Communication Equipment Repair And Maintenance, Other Electronic And Precision Equipment Repair And Maintenance
2) By Mode: Online, Offline
3) By Service Type: Inspection, Maintenance, Repair

Subsegments:
1) By Consumer Electronics Repair And Maintenance: Television Repair, Audio Equipment Repair, Home Appliance Repair, Camera And Video Equipment Repair, Gaming Console Repair
2) By Computer And Office Machine Repair And Maintenance: Laptop And Desktop Repair, Printer And Copier Repair, Network Equipment Repair, Peripheral Device Repair (Scanners, Keyboards)
3) By Communication Equipment Repair And Maintenance: Mobile Phone Repair, Satellite Communication Equipment Repair, Wireless Communication Equipment Repair, Radio And Television Broadcasting Equipment Repair
4) By Other Electronic And Precision Equipment Repair And Maintenance: Medical Equipment Repair, Industrial Equipment Repair, Aerospace Equipment Repair, Scientific Instruments Repair

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Which Region Dominates the Electronic and Precision Equipment Repair and Maintenance Market?
Western Europe was the largest region in the electronic and precision equipment repair and maintenance market in 2023. Asia-Pacific was the second-largest region in the electronic and precision equipment repair and maintenance market. The regions covered in the electronic and precision equipment repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Is Covered In The Electronic and Precision Equipment Repair and Maintenance Global Market Report?

- Market Size Analysis: Analyze the Electronic and Precision Equipment Repair and Maintenance Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electronic and Precision Equipment Repair and Maintenance Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electronic and Precision Equipment Repair and Maintenance Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electronic and Precision Equipment Repair and Maintenance Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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