The market for electronic equipment repair services will grow with

Global Electronic Equipment Repair Services Market – Overview

Electronic equipment repair service providers offer repair services for equipment such as consumer electronics, household appliances, medical equipment, and industrial equipment. At present, the consumer electronics segment of the electronic equipment repair services market is growing at a higher rate owing to increasing equipment failure rates and cost advantages. repairing old equipment instead of disposing of it. Furthermore, the medical equipment segment is expected to maintain its market share over the forecast period due to high repair costs and high labor charges compared to other equipment.

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The market for electronic equipment repair services is growing at a rapid pace owing to the introduction of a number of new and innovative electronic equipment and products in the market. This increases the demand for electronic equipment repair industries as well as technicians across the globe. Additionally, the demand for refurbished electronics is rapidly increasing across the globe, driven mainly by consumers in developing regions due to the low levels of disposable income in these regions. Rising demand for refurbished electronic equipment is expected to provide substantial expansion opportunities for the electronic equipment repair services market. Additionally, increasing demand for smartphones, tablets, and other electronic equipment, especially in developing regions, is driving the global electronic equipment repair services market. This is largely due to the growing demand for internet accessibility among end users.

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However, poor quality or duplicate electronic equipment spare parts are a major factor limiting the market for electronic equipment repair services. Additionally, changing consumer behavior towards purchasing new electronic equipment is expected to hamper the market for electronic equipment repair services.

Rising adoption of electronic equipment insurance services globally is a major factor that is expected to create new opportunities for the electronic equipment repair services market during the forecast period. Additionally, electronic equipment service providers around the world are emphasizing on providing online home services to meet their customers’ requirements efficiently. Additionally, with a wide range of services offered by service providers, including equipment insurance and warranty, the electronic equipment repair services market is expected to witness significant expansion opportunities in the coming years. come.

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On the basis of product, the electronic equipment repair services market has been segmented into consumer electronics repair, home appliance repair, medical equipment repair, and industrial equipment repair. The consumer electronics repair segment has been subdivided into smartphones, cell phones, televisions and set-top boxes. The smartphone sub-segment is expected to grow at a steady pace primarily due to the growing adoption of smartphones in developing regions. The household appliances segment can be categorized into refrigerators, air conditioners and chillers, microwaves, blenders, grinders and food processors, washing machines and others. The demand for home appliance repair is expected to increase owing to the technological development of electronic devices across the world. Compared to the industrial equipment segment, the medical equipment segment is expected to grow at a faster rate during the forecast period.

The residential segment is not only expected to contribute a major share of the global electronic equipment repair services market revenue, but is also expected to grow at a significant rate during the forecast period of 2018 to 2026. This is mainly due to to the increase in the number of consumers around the world and the rapid technological advances in electronic equipment technology. Compared to the residential segment, the industrial and commercial segment is expected to grow at a slower pace in the coming years.

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The growing demand for electronic equipment and increasing attention to e-waste management has led to the strong presence of electronic equipment service providers in the market. Some of the major players in the global electronic equipment repair services market are

Encompass Supply Chain Solutions Inc.
uBreakiFix, iCracked, Inc.
Moduslink global solutions
Mendtronix Inc.
The Cableshoppe Inc.
Redington Services
Quest International, Inc.
MicroFirst Gaming Inc.
Global Electronic Services, Inc.,

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Daniel C. Williams