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Consumer Electronics Repair and Maintenance Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change

  • ID: 5309346
  • Report
  • March 2021
  • Region: Global
  • 229 pages
  • The Business Research Company

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.

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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 Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction
6.1. Segmentation by Geography
6.2. Segmentation by Type
6.3. Segmentation by Service Type
6.4. Segmentation by End User

7. Consumer Electronics Repair and Maintenance Market Characteristics
7.1. Market Definition
7.2. Segmentation by Type
7.2.1. Loudspeakers and Sound Bars
7.2.2. Microphones
7.2.3. Amplifiers and Mixers
7.2.4. Music Players and Other Audio Devices
7.2.5. Televisions
7.2.6. Video Players
7.2.7. Video Cameras
7.3. Segmentation by Service Type
7.3.1. In-Warranty
7.3.2. Out of Warranty
7.4. Segmentation by End User
7.4.1. Industrial/Commercial
7.4.2. Residential

8. Consumer Electronics Repair and Maintenance Market Trends and Strategies
8.1. Adoption of IoT in Repair and Maintenance
8.2. Augmented Reality for Maintenance and Repair
8.3. Increase in Mergers and Acquisitions

9. Impact of COVID-19 on the Consumer Electronics Repair and Maintenance Market
9.1. Decrease in Demand
9.2. Supply Chain Disruptions
9.3. Alternative Repair and Maintenance Services

10. Global Consumer Electronics Repair and Maintenance Market Size and Growth
10.1. Market Size
10.2. Historic Market Growth, 2015 - 2020, Value ($ Million)
10.2.1. Drivers of the Market 2015 - 2020
10.2.2. Restraints on the Market 2015 - 2020
10.3. Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
10.3.1. Drivers of the Market 2020 - 2025
10.3.2. Restraints on the Market 2020 - 2025

11. Global Consumer Electronics Repair and Maintenance Market Segmentation
11.1. Global Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
11.1.1. Television
11.1.2. Video Cameras
11.1.3. Loudspeakers and Sound Bars
11.1.4. Video Players
11.1.5. Music Players and Other Audio Devices
11.1.6. Microphones
11.1.7. Amplifiers and Mixers
11.2. Global Consumer Electronics Repair and Maintenance Market, Segmentation by Service Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
11.2.1. Out of Warranty
11.2.2. in Warranty
11.3. Global Consumer Electronics Repair and Maintenance Market, Segmentation by End User, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
11.3.1. Residential
11.3.2. Industrial and Commercial

12. Consumer Electronics Repair and Maintenance Market, Regional and Country Analysis
12.1. Global Consumer Electronics Repair and Maintenance Market, by Region, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
12.2. Global Consumer Electronics Repair and Maintenance Market, by Country, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

13. Asia-Pacific Consumer Electronics Repair and Maintenance Market
13.1. Asia-Pacific Consumer Electronic Repair and Maintenance Overview
13.1.1. Region Information
13.1.2. Market Information
13.1.3. COVID-19 Impact
13.1.4. Background Information
13.1.5. Government Initiatives
13.1.6. Regulation
13.1.7. Regulatory Bodies
13.1.8. Major Associations
13.1.9. Taxes Levied
13.1.10. Corporate Tax Structure
13.1.11. Investments
13.1.12. Major Companies
13.2. Asia-Pacific Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
13.3. Asia-Pacific Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
13.4. Asia-Pacific Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
13.5. Asia-Pacific Consumer Electronics Repair and Maintenance Market: Country Analysis
13.6. China Consumer Electronics Repair and Maintenance Market
13.7. China Consumer Electronics Repair and Maintenance Market Overview
13.7.1. Country Information
13.7.2. Market Information
13.7.3. COVID-19 Impact
13.7.4. Background Information
13.7.5. Regulations
13.7.6. Regulatory Bodies
13.7.7. Major Associations
13.7.8. Taxes Levied
13.7.9. Corporate Tax Structure
13.7.10. Major Companies
13.8. China Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
13.9. China Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
13.10. China Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
13.11. India Consumer Electronics Repair and Maintenance Market
13.12. India Consumer Electronics Repair and Maintenance Market Overview
13.12.1. Country Information
13.12.2. Market Information
13.12.3. COVID-19 Impact
13.12.4. Background Information
13.12.5. Regulations
13.12.6. Regulatory Bodies
13.12.7. Major Associations
13.12.8. Investments
13.12.9. Major Companies
13.13. India Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
13.14. India Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
13.15. India Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
13.16. Japan Consumer Electronics Repair and Maintenance Market
13.17. Japan Consumer Electronics Repair and Maintenance Market Overview
13.17.1. Country Information
13.17.2. Market Information
13.17.3. COVID-19 Impact
13.17.4. Background Information
13.17.5. Regulation
13.17.6. Regulatory Bodies
13.17.7. Major Associations
13.17.8. Major Companies
13.18. Japan Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
13.19. Japan Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
13.20. Japan Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
13.21. Australia Consumer Electronics Repair and Maintenance Market
13.22. Australia Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
13.23. Australia Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
13.24. Australia Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
13.25. Indonesia Consumer Electronics Repair and Maintenance Market
13.26. Indonesia Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
13.27. Indonesia Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
13.28. Indonesia Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
13.29. South Korea Consumer Electronics Repair and Maintenance Market
13.30. South Korea Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
13.31. South Korea Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
13.32. South Korea Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

14. Western Europe Consumer Electronics Repair and Maintenance Market
14.1. Western Europe Consumer Electronic Repair and Maintenance Overview
14.1.1. Region Information
14.1.2. Market Information
14.1.3. COVID-19 Impact
14.1.4. Background Information
14.1.5. Regulations
14.1.6. Regulatory Bodies
14.1.7. Major Associations
14.1.8. Taxes Levied
14.1.9. Corporate Tax Structure
14.1.10. Investments
14.1.11. Major Companies
14.2. Western Europe Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
14.3. Western Europe Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
14.4. Western Europe Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
14.5. Western Europe Consumer Electronics Repair and Maintenance Market: Country Analysis
14.6. UK Consumer Electronics Repair and Maintenance Market
14.7. UK Consumer Electronics Repair and Maintenance Market Overview
14.7.1. Country Information
14.7.2. Market Information
14.7.3. COVID-19 Impact
14.7.4. Background Information
14.7.5. Regulations
14.7.6. Regulatory Bodies
14.7.7. Major Associations
14.7.8. Taxes Levied
14.7.9. Investments
14.7.10. Major Companies
14.8. UK Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
14.9. UK Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
14.10. UK Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
14.11. Germany Consumer Electronics Repair and Maintenance Market
14.12. Germany Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
14.13. Germany Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
14.14. Germany Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
14.15. France Consumer Electronics Repair and Maintenance Market
14.16. France Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
14.17. France Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
14.18. France Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

15. Eastern Europe Consumer Electronics Repair and Maintenance Market
15.1. Eastern Europe Consumer Electronics Repair and Maintenance Market Overview
15.1.1. Region Information
15.1.2. Market Information
15.1.3. COVID-19 Impact
15.1.4. Background Information
15.1.5. Regulation
15.1.6. Regulatory Bodies
15.1.7. Associations
15.1.8. Taxes Levied
15.1.9. Corporate Tax Structure
15.1.10. Investments
15.1.11. Major Companies
15.2. Eastern Europe Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
15.3. Eastern Europe Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
15.4. Eastern Europe Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
15.5. Eastern Europe Consumer Electronics Repair and Maintenance Market: Country Analysis
15.6. Russia Consumer Electronics Repair and Maintenance Market
15.7. Russia Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
15.8. Russia Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
15.9. Russia Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

16. North America Consumer Electronics Repair and Maintenance Market
16.1. North America Consumer Electronics Repair and Maintenance Market Overview
16.1.1. Region Information
16.1.2. Market Information
16.1.3. COVID-19 Impact
16.1.4. Background Information
16.1.5. Government Initiatives
16.1.6. Regulations
16.1.7. Regulatory Bodies
16.1.8. Associations
16.1.9. Taxes Levied
16.1.10. Corporate Tax
16.1.11. Investments
16.1.12. Major Companies
16.2. North America Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
16.3. North America Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
16.4. North America Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
16.5. North America Consumer Electronics Repair and Maintenance Market: Country Analysis
16.6. USA Consumer Electronics Repair and Maintenance Market
16.7. USA Consumer Electronics Repair and Maintenance Market Overview
16.7.1. Country Information
16.7.2. Market Information
16.7.3. COVID-19 Impact
16.7.4. Background Information
16.7.5. Government Initiatives
16.7.6. Regulations
16.7.7. Regulatory Bodies
16.7.8. Associations
16.7.9. Taxes Levied
16.7.10. Corporate Tax
16.7.11. Investments
16.7.12. Major Companies
16.8. USA Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
16.9. USA Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
16.10. USA Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

17. South America Consumer Electronics Repair and Maintenance Market
17.1. South America Consumer Electronics Repair and Maintenance Market Overview
17.1.1. Region Information
17.1.2. Market Information
17.1.3. COVID-19 Impact
17.1.4. Background Information
17.1.5. Government Initiatives
17.1.6. Regulations
17.1.7. Regulatory Bodies
17.1.8. Major Associations
17.1.9. Corporate Tax Structure
17.1.10. Major Companies
17.2. South America Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
17.3. South America Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
17.4. South America Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
17.5. South America Consumer Electronics Repair and Maintenance Market: Country Analysis
17.6. Brazil Consumer Electronics Repair and Maintenance Market
17.7. Brazil Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
17.8. Brazil Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
17.9. Brazil Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

18. Middle East Consumer Electronics Repair and Maintenance Market
18.1. Middle East Consumer Electronics Repair and Maintenance Market Overview
18.1.1. Region Information
18.1.2. Market Information
18.1.3. COVID-19 impact
18.1.4. Background Information
18.1.5. Regulations
18.1.6. Regulatory Bodies
18.1.7. Major Associations
18.1.8. Taxes Levied
18.1.9. Corporate Tax Structure
18.1.10. Major Companies
18.2. Middle East Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
18.3. Middle East Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
18.4. Middle East Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

19. Africa Consumer Electronics Repair and Maintenance Market
19.1. Africa Consumer Electronics Repair and Maintenance Market Overview
19.1.1. Region Information
19.1.2. Market Information
19.1.3. COVID-19 impact
19.1.4. Background Information
19.1.5. Regulations
19.1.6. Regulatory Bodies
19.1.7. Major Associations
19.1.8. Taxes Levied
19.1.9. Corporate Tax Structure
19.1.10. Investments
19.1.11. Major Companies
19.2. Africa Consumer Electronics Repair and Maintenance Market, Historic Market Growth, 2015 - 2020, Value ($ Million)
19.3. Africa Consumer Electronics Repair and Maintenance Market, Forecast Market Growth, 2020 - 2025, 2030F Value ($ Million)
19.4. Africa Consumer Electronics Repair and Maintenance Market, Segmentation by Type, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)

20. Global Consumer Electronics Repair and Maintenance Market Competitive Landscape
20.1. Company Profiles
20.2. Redington
20.2.1. Company Overview
20.2.2. Products and Services
20.2.3. Business Strategy
20.2.4. Financial Overview
20.3. uBreakiFix
20.3.1. Company Overview
20.3.2. Products and Services
20.3.3. Business Strategy
20.3.4. Financial Overview
20.4. B2x Care Solutions Gmbh
20.4.1. Company Overview
20.4.2. Products and Services
20.4.3. Business Strategy
20.4.4. Financial Overview
20.5. Encompass Supply Chain Solutions Inc
20.5.1. Company Overview
20.5.2. Products and Services
20.5.3. Business Strategy
20.5.4. Financial Overview
20.6. Onsitego
20.6.1. Company Overview
20.6.2. Products and Services
20.6.3. Business Strategy
20.6.4. Financial Overview

21. Key Mergers and Acquisitions in the Consumer Electronics Repair and Maintenance Market
21.1. Comvest Partners Acquired Encompass Supply Chain Solutions, Inc
21.2. Accel Ltd Acquired Ensure Support Services (India)
21.3. Asurion Acquired uBreakiFix
21.4. Square Trade Acquired iCracked

22. Consumer Electronics Repair and Maintenance Market Opportunities and Strategies
22.1. Global Consumer Electronics Repair and Maintenance Market in 2025 - Countries Offering most New Opportunities
22.2. Global Consumer Electronics Repair and Maintenance Market in 2025 - Segments Offering most New Opportunities
22.3. Global Consumer Electronics Repair and Maintenance Market in 2025 - Growth Strategies
22.3.1. Market Trend Based Strategies
22.3.2. Competitor Strategies

23. Consumer Electronics Repair and Maintenance Market, Conclusions and Recommendations
23.1. Conclusions
23.2. Recommendations
23.2.1. Product
23.2.2. Price
23.2.3. Place
23.2.4. Promotion
23.2.5. People

24. Appendix
24.1. Market Data Sources
24.2. Research Methodology
24.3. Currencies
24.4. Research Inquiries
24.5. About the Publisher
24.6. Copyright and Disclaimer
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.
Note: Product cover images may vary from those shown
  • Redington
  • uBreakiFix
  • B2X CARE SOLUTIONS GMBH
  • Encompass Supply Chain Solutions Inc
  • Onsitego
Note: Product cover images may vary from those shown

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