FEATURED COMPANIES
- B2X CARE SOLUTIONS GMBH
- Onsitego
- Redington
- uBreakiFix
Consumer Electronics Repair and Maintenance Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global consumer electronics repair and maintenance market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the consumer electronics repair and maintenance market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global consumer electronics repair and maintenance market opportunities and strategies to 2030 report answers all these questions and many more.
The report covers the following chapters
Scope
Markets Covered:
1) By Type: Loudspeakers and Sound Bars; Microphones; Amplifiers and Mixers; Music Players and Other Audio Devices; Televisions; Video Players and Video Cameras
2) By Service Type: In-Warranty; Out Of Warranty
3) By End User: Industrial/Commercial; Residential
Companies Mentioned: Redington; uBreakiFix; B2X CARE SOLUTIONS GMBH; Encompass Supply Chain Solutions Inc; Onsitego
Countries: China; India; Japan; Australia; Indonesia; South Korea; USA; Brazil; UK; Germany; France; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Description:
Where is the largest and fastest growing market for the consumer electronics repair and maintenance market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global consumer electronics repair and maintenance market opportunities and strategies to 2030 report answers all these questions and many more.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives brief introduction about segmentation by geography, segmentation by type, by service type and by end user.
- Market Characteristics - The market characteristics section of the report defines and explains the consumer electronics repair and maintenance market. This chapter includes different products type, services and end user covered in the report and basic definitions.
- Trends and Strategies - This chapter describes the major trends shaping the global consumer electronics repair and maintenance market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact of COVID-19 - This section describes the impact of COVID-19 on the consumer electronics repair and maintenance market.
- Global Market Size and Growth - This section contains the global historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2015-2020) and forecast (2019-2023), ((2020-2025), and (2025-2030) market values and growth and market share comparison by region.
- Market Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
- Regional Market Size and Growth - This section contains the region’s market size (2020), historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.
- Competitive Landscape - This section covers details on the competitive landscape of the global consumer electronics repair and maintenance market, estimated market shares and company profiles for the leading players.
- Key Mergers and Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions and Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for consumer electronics repair and maintenance companies in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Type: Loudspeakers and Sound Bars; Microphones; Amplifiers and Mixers; Music Players and Other Audio Devices; Televisions; Video Players and Video Cameras
2) By Service Type: In-Warranty; Out Of Warranty
3) By End User: Industrial/Commercial; Residential
Companies Mentioned: Redington; uBreakiFix; B2X CARE SOLUTIONS GMBH; Encompass Supply Chain Solutions Inc; Onsitego
Countries: China; India; Japan; Australia; Indonesia; South Korea; USA; Brazil; UK; Germany; France; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- B2X CARE SOLUTIONS GMBH
- Onsitego
- Redington
- uBreakiFix
1. Consumer Electronics Repair and Maintenance Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction
7. Consumer Electronics Repair and Maintenance Market Characteristics
8. Consumer Electronics Repair and Maintenance Market Trends and Strategies
9. Impact of COVID-19 on the Consumer Electronics Repair and Maintenance Market
10. Global Consumer Electronics Repair and Maintenance Market Size and Growth
11. Global Consumer Electronics Repair and Maintenance Market Segmentation
12. Consumer Electronics Repair and Maintenance Market, Regional and Country Analysis
13. Asia-Pacific Consumer Electronics Repair and Maintenance Market
14. Western Europe Consumer Electronics Repair and Maintenance Market
15. Eastern Europe Consumer Electronics Repair and Maintenance Market
16. North America Consumer Electronics Repair and Maintenance Market
17. South America Consumer Electronics Repair and Maintenance Market
18. Middle East Consumer Electronics Repair and Maintenance Market
19. Africa Consumer Electronics Repair and Maintenance Market
20. Global Consumer Electronics Repair and Maintenance Market Competitive Landscape
21. Key Mergers and Acquisitions in the Consumer Electronics Repair and Maintenance Market
22. Consumer Electronics Repair and Maintenance Market Opportunities and Strategies
23. Consumer Electronics Repair and Maintenance Market, Conclusions and Recommendations
24. Appendix
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- B2X CARE SOLUTIONS GMBH
- Onsitego
- Redington
- uBreakiFix
This report describes and explains the global consumer electronics repair and maintenance market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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.
Growth in the historic period resulted from rise in disposable income, increased environmental concerns for e-waste, growth in e-commerce for consumer electronics, increased internet penetration, strong economic growth in emerging markets and increasing usage of TVs.
Going forward, growing equipment failure rate and cost-benefit associated with repairing old equipment, increasing government regulations for e-waste management, rising adoption of electronic devices, increasing adoption of internet of things (IoT), increasing demand for refurbished electronic products, higher purchase cost of some electronic products, uncertain consumer demand for consumer electronics and growing sense of sustainability will drive the growth. Factors that could hinder the growth of the consumer electronics repair and maintenance market in the future include the coronavirus pandemic, lack of skilled workforce, high cost involved in training service technicians and shortage in electronic components supply.
The consumer electronics repair and maintenance market is segmented by type into loudspeakers and sound bars, microphones, amplifiers and mixers, music players and other audio devices, televisions, video players and video cameras. The televisions market was the largest segment of the consumer electronics repair and maintenance market segmented by type, accounting for 54.8 % of the total in 2020. Going forward, the amplifiers and mixers segment is expected to be the fastest growing segment in the consumer electronics repair and maintenance market segmented by type, at a CAGR of 14.6% during 2020-2025.
The consumer electronics repair and maintenance market is segmented by service type into in-warranty and out of warranty. The out of warranty market was the largest segment of the consumer electronics repair and maintenance market segmented by service type, accounting for 57.0% of the total in 2020. Going forward, the out of warranty segment is expected to be the fastest growing segment in the consumer electronics repair and maintenance market segmented by service type, at a CAGR of 7.9% during 2020-2025.
The consumer electronics repair and maintenance market is segmented by end user into industrial and commercial and residential. The residential market was the largest segment of the consumer electronics repair and maintenance market segmented by end user, accounting for 85.4% of the total in 2020. Going forward, the residential segment is expected to be the fastest growing segment in the consumer electronics repair and maintenance market segmented by end user type, at a CAGR of 8.2% during 2020-2025.
The consumer electronics repair and maintenance market is segmented by geography into Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the global consumer electronics repair and maintenance market, accounting for 35.8% of the total in 2020. It was followed by Asia Pacific, and North America then the other regions. Going forward, the fastest-growing regions in the consumer electronics repair and maintenance market will be Middle East, and, Asia-Pacific where growth will be at CAGRs of 10.0% and 9.7% respectively. These will be followed by Africa, and Eastern Europe where the markets are expected to grow at CAGRs of 9.3% and 8.0% respectively.
The COVID-19 pandemic has disrupted global economies and supply chains across various industries, including the consumer electronics repair and maintenance sector. COVID-19 originated in the Wuhan Province of China, in December 2019 and spread across the world. Many countries have imposed an unexpected and unprecedented lockdown and also implemented various travel restrictions and quarantine measures to curb the coronavirus spread. Its impact has been seen on the global consumer electronics repair and maintenance market, as replacement parts and accessories supply chains were disrupted and manufacturing closed down in accordance with the government measures to prevent the spread of the virus.
Lockdown measures taken by governments globally have disrupted the supply chain in different industries including consumer electronics repair and maintenance industry. The players in the consumer electronics repair and maintenance market suffered huge losses due to the shutdown of original equipment manufacturing sites and disruption of replacement parts supply chains resulting from the COVID-19 pandemic lockdowns.
The consumer electronics repair and maintenance market is highly fragmented with large number of local players having intense competition. The market fragmentation can be attributed to the availability of large number of service provider, innovative product repairing approach, and high competition among the players in the market. The top 10 companies in the market occupied 3.81% of market share in the global consumer electronics repair and maintenance market. Major players in the market include Redington, uBreakiFix, B2X CARE SOLUTIONS GMBH, Encompass Supply Chain Solutions Inc., Onsitego, The Allstate Corporation, Global Electronic Services, Inc., Electronix Services, MicroFirst Gaming Inc. and Quest International, Inc.
The top opportunities in the consumer electronics repair and maintenance market segmented by type will arise in the television segment, which will gain $4,930.5 million of global annual sales by 2025. The top opportunities in segment by service type will arise in the out of warranty segment, which will gain $4,373.2 million of global annual sales by 2025. The top opportunities in segment by end user will arise in the residential segment, which will gain $6,771.0 million of global annual sales by 2025. The consumer electronics repair and maintenance market size will gain the most in China at $1,597.4 million.
Market-trend-based strategies for the consumer electronics repair and maintenance market include focusing on adopting IoT for their operations to enhance efficiency and to keep track of real-time status of devices, focusing on implementing AR-based procedures to enhance their performance and merging with financial and other electronic component companies to strengthen the financial stability and fast and better performance.
Player-adopted strategies in the consumer electronics repair and maintenance market include focusing on achieving growth by increasing its base business, product innovation, and acquisitions.
To take advantage of the opportunities, the publisher recommends the consumer electronics repair and maintenance companies to focus on adopting IoT in repair and maintenance, implementing augmented reality for maintenance and repair, offer competitive pricing, expand in emerging markets, leverage social media to maximize reach and focus on offering services to target end-users.
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.
Growth in the historic period resulted from rise in disposable income, increased environmental concerns for e-waste, growth in e-commerce for consumer electronics, increased internet penetration, strong economic growth in emerging markets and increasing usage of TVs.
Going forward, growing equipment failure rate and cost-benefit associated with repairing old equipment, increasing government regulations for e-waste management, rising adoption of electronic devices, increasing adoption of internet of things (IoT), increasing demand for refurbished electronic products, higher purchase cost of some electronic products, uncertain consumer demand for consumer electronics and growing sense of sustainability will drive the growth. Factors that could hinder the growth of the consumer electronics repair and maintenance market in the future include the coronavirus pandemic, lack of skilled workforce, high cost involved in training service technicians and shortage in electronic components supply.
The consumer electronics repair and maintenance market is segmented by type into loudspeakers and sound bars, microphones, amplifiers and mixers, music players and other audio devices, televisions, video players and video cameras. The televisions market was the largest segment of the consumer electronics repair and maintenance market segmented by type, accounting for 54.8 % of the total in 2020. Going forward, the amplifiers and mixers segment is expected to be the fastest growing segment in the consumer electronics repair and maintenance market segmented by type, at a CAGR of 14.6% during 2020-2025.
The consumer electronics repair and maintenance market is segmented by service type into in-warranty and out of warranty. The out of warranty market was the largest segment of the consumer electronics repair and maintenance market segmented by service type, accounting for 57.0% of the total in 2020. Going forward, the out of warranty segment is expected to be the fastest growing segment in the consumer electronics repair and maintenance market segmented by service type, at a CAGR of 7.9% during 2020-2025.
The consumer electronics repair and maintenance market is segmented by end user into industrial and commercial and residential. The residential market was the largest segment of the consumer electronics repair and maintenance market segmented by end user, accounting for 85.4% of the total in 2020. Going forward, the residential segment is expected to be the fastest growing segment in the consumer electronics repair and maintenance market segmented by end user type, at a CAGR of 8.2% during 2020-2025.
The consumer electronics repair and maintenance market is segmented by geography into Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the global consumer electronics repair and maintenance market, accounting for 35.8% of the total in 2020. It was followed by Asia Pacific, and North America then the other regions. Going forward, the fastest-growing regions in the consumer electronics repair and maintenance market will be Middle East, and, Asia-Pacific where growth will be at CAGRs of 10.0% and 9.7% respectively. These will be followed by Africa, and Eastern Europe where the markets are expected to grow at CAGRs of 9.3% and 8.0% respectively.
The COVID-19 pandemic has disrupted global economies and supply chains across various industries, including the consumer electronics repair and maintenance sector. COVID-19 originated in the Wuhan Province of China, in December 2019 and spread across the world. Many countries have imposed an unexpected and unprecedented lockdown and also implemented various travel restrictions and quarantine measures to curb the coronavirus spread. Its impact has been seen on the global consumer electronics repair and maintenance market, as replacement parts and accessories supply chains were disrupted and manufacturing closed down in accordance with the government measures to prevent the spread of the virus.
Lockdown measures taken by governments globally have disrupted the supply chain in different industries including consumer electronics repair and maintenance industry. The players in the consumer electronics repair and maintenance market suffered huge losses due to the shutdown of original equipment manufacturing sites and disruption of replacement parts supply chains resulting from the COVID-19 pandemic lockdowns.
The consumer electronics repair and maintenance market is highly fragmented with large number of local players having intense competition. The market fragmentation can be attributed to the availability of large number of service provider, innovative product repairing approach, and high competition among the players in the market. The top 10 companies in the market occupied 3.81% of market share in the global consumer electronics repair and maintenance market. Major players in the market include Redington, uBreakiFix, B2X CARE SOLUTIONS GMBH, Encompass Supply Chain Solutions Inc., Onsitego, The Allstate Corporation, Global Electronic Services, Inc., Electronix Services, MicroFirst Gaming Inc. and Quest International, Inc.
The top opportunities in the consumer electronics repair and maintenance market segmented by type will arise in the television segment, which will gain $4,930.5 million of global annual sales by 2025. The top opportunities in segment by service type will arise in the out of warranty segment, which will gain $4,373.2 million of global annual sales by 2025. The top opportunities in segment by end user will arise in the residential segment, which will gain $6,771.0 million of global annual sales by 2025. The consumer electronics repair and maintenance market size will gain the most in China at $1,597.4 million.
Market-trend-based strategies for the consumer electronics repair and maintenance market include focusing on adopting IoT for their operations to enhance efficiency and to keep track of real-time status of devices, focusing on implementing AR-based procedures to enhance their performance and merging with financial and other electronic component companies to strengthen the financial stability and fast and better performance.
Player-adopted strategies in the consumer electronics repair and maintenance market include focusing on achieving growth by increasing its base business, product innovation, and acquisitions.
To take advantage of the opportunities, the publisher recommends the consumer electronics repair and maintenance companies to focus on adopting IoT in repair and maintenance, implementing augmented reality for maintenance and repair, offer competitive pricing, expand in emerging markets, leverage social media to maximize reach and focus on offering services to target end-users.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Redington
- uBreakiFix
- B2X CARE SOLUTIONS GMBH
- Encompass Supply Chain Solutions Inc
- Onsitego
Note: Product cover images may vary from those shown
LOADING...