Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled “Electronic Equipment Repair Service Market”. The study offers a clear insight about the prevailing trends and innovations happening in the Electronic Equipment Repair Service Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during the mentioned forecast period. In addition, a holistic view of the entire global market scenario across all the prime regional segments, such as (Regions) has been delivered.
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global electronic equipment repair service market is dominated by three companies and these companies can be considered as market leaders. These companies are Encompass Supply Chain Solutions Inc., uBreakiFix and Redington Service. Encompass Supply Chain Solutions Inc. is an established market player in 4PL and 3PL solutions and repair services for a full range of finished goods, commercial and consumer products, and replacement parts. This company is one of the leading diversified parts suppliers in the United States, including various product types, such as small or major appliances, consumer electronics, health and wellness, and office equipment. uBreakiFix specializes in the repair and maintenance of consumer electronics goods. The company offers both walk-in and mail-in repairs for consumer electronics, including tablets, smartphones, video game consoles, and computers. Redington Service is involved in providing complete service support for IT products including repair and refurbishment services, technical help desks, warehousing support, logistics services, and facility management services. Redington provides repair and refurbishment services for plotters, printers, scanners, notebooks, desktops, servers, switches, routers and storage devices, mobiles, FWP and FWT, and EPABX and contact center switches.
As per the numbers given in this research report, the global electronic equipment repair service market was valued at US$ 81.7 Bn in 2017 and is anticipated to reach a valuation of US$ 147.2 Bn in 2024 end, reflecting a CAGR of 8.8% during the period of assessment 2017-2024.
The growing demand for refurbished electronic equipment in developing regions is a major factor which is expected to boost the electronic equipment repair market in the near future. Refurbishment of products is a better way to meet aspirations without having to compromise too much on the cost front. Demand for refurbished electronics products is increasing around the world, driven majorly by buyers from emerging economies due to the low levels of disposable income in such regions. The demand for refurbished medical equipment is increasing at a fast pace owing to factors such as a huge patient population base and the presence of a huge number of clinics and hospitals globally. Consequently, these factors are fuelling the growth of the electronic equipment repair service market. In addition, the demand for refurbished electronic equipment is expected to have a medium impact in the short term and is anticipated to have a high impact in the long term. This is largely due to the increasing initiatives of the governments across the world for e-waste management.
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Based on product, electronic equipment repair service market is categorized into consumer electronics repair, computer & related products repair and others. Consumer electronics repair market is further categorized into smart phones, mobile phones, televisions and set-top boxes. The computer & related products are segmented into notebooks, tablets and desktop PCs. Furthermore, the other segmentation includes point-of-sale systems, medical equipment and industrial equipment’s. The report also includes competitive profiling of the key players associated with the electronic equipment repair service market. The important business strategies adopted by the companies, their market positioning, and recent developments have also been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.
Evaluation of share of electronic equipment repair service providers is done based on product using secondary research and data validation through primary interactions. Evaluation of average cost for each product type for every region is carried out through desk research and data validation through primary interactions. Application area survey is conducted to understand the demand trends. Estimation of the penetration of electronic equipment repair services in various application areas across regions is also carried out.
Various details with regards to the companies operating in global electronic equipment repair service market have been included in the report that include company details, company overview which includes the overview of company’s business in electronics equipment repair, product portfolio, business strategy, SWOT analysis.
Competition matrix is also included in the competitive landscape section which includes the matrix for leading companies operating in the market. This matrix offers comparative analysis of leading market players based on parameters such as market position, offerings, R&D focus, top line growth, market share, segment growth, infrastructure facilities, and future outlook of the company. Further an overall position is defined for each company based on the aforementioned parameters which are broadly categorized into current capabilities and future growth potential.
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Electronic Equipment Repair Service Market, by Product
- Consumer Electronics Repair
- Smart Phones
- Mobile Phones
- Set-top Boxes
- Computer & Related Products Repair
- Desktop PCs
- Point-of-sale Systems
- Medical Equipment
- Industrial Equipment
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