Consumer electronics repair and maintenance market size,


Consumer electronics repair and maintenance market

Consumer Electronics Repair and Maintenance Market – By Type (Speakers & Soundbars, Microphones, Amplifiers & Mixers, Music Players & Other Appliances, TVs, Video Players, Video Cameras), By Service (under warranty, out of warranty), by end user (Industrial and Commercial, Residential) and by region, opportunities and strategies – Global forecast to 2030

The global consumer electronics repair and maintenance market reached a value of nearly $ 16,520.0 million in 2020, after increasing 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 to reach $ 33,436.2 million in 2030.

The main drivers of the consumer electronics repair and maintenance market are:
Consumer demand for electronics is uncertain and this factor is expected to drive the consumer electronics repair and maintenance market during the forecast period. The demand for electronic products depends on the purchasing behavior of consumers which fluctuates with the current situation, such as increase or decrease in disposable income, increase or decrease in prices of electronic products and currently the pandemic situation is also impacting on demand for some consumer electronics. products on the market.

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Segmentation of the repair and maintenance market for consumer electronics: –
By type-
a) Speakers and sound bars
b) Microphones
c) Amplifiers and mixers
d) Music players and other devices
e) Televisions
f) Video players
g) Video cameras

By type of service
a) As a guarantee
b) Out of warranty

By end user –
a) Industrial and commercial
b) Residential

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By Geography – The consumer electronics repair and maintenance market is segmented into
1. Asia-Pacific
2.North America
3.South America
4.Western Europe
5.Eastern Europe
6.Middle East

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Some of the major key players involved in the consumer electronics repair and maintenance market are
1. Redington
4. Encompass Supply Chain Solutions Inc
5. On placego

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