Electronic Equipment Repair Service Market on Track for Strong Growth, Estimated to Grow at 8.2% CAGR Through 2029

Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.

What Is the Expected CAGR for the Electronic Equipment Repair Service Market Through 2025?
The market size for electronic equipment repair services has seen robust growth in the past few years. An expansion from $119.95 billion in 2024 to $128.9 billion in 2025 is expected at a Compound Annual Growth Rate (CAGR) of 7.5%. The significant growth during the historic period is due to factors such as consumer demand for longer product life, shift towards sustainable practices, rising number of high-value devices, consumer awareness and rights, as well as industry collaboration.

What's the Projected Size of the Global Electronic Equipment Repair Service Market by 2029?
The market size of electronic equipment repair services is predicted to experience significant expansion in the coming years. It's anticipated to increase to $176.42 billion by 2029, with a compound annual growth rate (CAGR) of 8.2%. This progression during the forecast period can be a result of the growing intricacy of electronics, lengthened product lifetimes, a shift towards a circular economy, and an increase in IoT and smart devices, as well as specialized component repair. Key trends for this forecast period include the cooperation between manufacturers and repair service providers, regulations and the 'right to repair' campaigns, advancements in IoT repair technologies, consumer favor for sustainability, and the escalation in the complexity of electronics.

View the full report here:
https://www.thebusinessresearchcompany.com/report/electronic-equipment-repair-service-global-market-report

Top Growth Drivers in the Electronic Equipment Repair Service Industry: What's Accelerating the Market?
The growth of the electronic equipment repair service market is being significantly propelled by an increasing demand for electronic products. Electronic products, which are non-commercial or professional equipment intended for routine use by consumers, cover all purchased electronic equipment. These products often necessitate repair and maintenance services. As consumer electronics become more widespread and utilize flexible electronics, the market demand concurrently increases. For example, AMDEA, a UK based trade association, reported in November 2023 that over 15 million large appliances and more than 60 million small appliances were purchased in the UK during 2023, pushing the market value to almost $15.59 billion (£12 billion) per year. Thus, the escalating demand for electronic goods is a key factor driving the electronic equipment repair service market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9250&type=smp

What Trends Will Shape the Electronic Equipment Repair Service Market Through 2029 and Beyond?
Prominent businesses in the electronic equipment repair service market are placing emphasis on self-service repair, characterized by features like direct acquisition of authentic parts to furnish customers with a variety of safe repair options. Authentic parts denote components or materials that have been manufactured, produced or officially approved by the Original Equipment Manufacturer (OEM) and correspond with the specifications and quality benchmarks set by the OEM. For example, Apple Inc., a company based in the US dealing with computers and consumer electronics, initiated its Self-Service Repair program in eight European countries in December 2022. The program grants customers permission to buy authentic Apple parts and tools for self-repairs on iPhone 12, iPhone 13, and Mac notebooks with Apple silicon. The Self-Service Repair Store exposes experienced users to over 200 individual parts and tools, plus repairs manuals, providing them access to the same materials employed by Apple Store locations and authorized service providers.

What Are the Main Segments in the Electronic Equipment Repair Service Market?
The electronic equipment repair service market covered in this report is segmented -

1) By Types: Consumer Electronics, Home Appliances, Industrial Equipment, Medical Equipment
2) By Warranty Type: In Warranty, Out Of Warranty
3) By End-Users: Commercial And Industrial, Residential

Subsegments:
1) By Consumer Electronics: Smartphones, Laptops and Computers, Audio And Video Equipment, Gaming Consoles
2) By Home Appliances: Refrigerators, Washing Machines, Microwave Ovens, Air Conditioners
3) By Industrial Equipment: Manufacturing Machinery, Automation Equipment, Power Tools, Heavy Machinery
4) By Medical Equipment: Imaging Devices, Diagnostic Equipment, Patient Monitoring Systems, Surgical Instruments

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9250&type=smp

Which Top Companies are Driving Growth in the Electronic Equipment Repair Service Market?
Major companies operating in the electronic equipment repair service market include B2X Care Solutions GmbH, Electronix Services, Encompass Supply Chain Solutions Inc., Global Electronic Services Inc., Mendtronix Inc., Quest International Inc., Redington Services, The Cableshoppe Inc., UBIF Franchising Co., OTC Industrial Technologies, Precision Electronic Repair Services, ACS Industrial Services Inc., iFixIt, Samsung Authorized Service Centers, LG Authorized Service Centers, Apple Authorized Service Providers, Dell Authorized Service Centers, HP Authorized Service Centers, Lenovo Authorized Service Centers, Sony Authorized Service Centers, Toshiba Authorized Service Centers, Acer Authorized Service Centers, Alienware Authorized Service Centers, Asus Authorized Service Centers, Belkin Authorized Service Centers, BenQ Authorized Service Centers, Bose Authorized Service Centers

Which Regions Will Dominate the Electronic Equipment Repair Service Market Through 2029?
Asia-Pacific was the largest region in the electronic equipment repair service market in 2024. The regions covered in the electronic equipment repair service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9250

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.