Electronic equipment repairers repair all types of electronics,
from small kitchen electrical device to heating ventilation and air
conditioning (HVAC) control systems. These repair service contains repairing different
types of electronic devices, namely communication equipment, computers, radar &
sonar equipment, microscopes, stereos, video recorders and photocopy machines,
precision equipment (medical equipment & scientific instruments) and other
equipments.
According to study, “Global
Electronic Equipment Repair Service Market Size study, by Type
(Consumer Electronics, Home Appliances, Medical Equipment, Industrial
Equipment), by Application (Commercial, Industrial, Residential) and Regional
Forecasts 2018-2025” some of the major companies that are currently working in
the global electronic equipment repair service market areB2X Care Solutions,
Global Electronic Service, Encompass Supply Chain Solutions, Mendtronix, ICracked,
The Cableshoppe, Moduslink Global Solutions, MicroFirst, Quest International,
Repair World Direct, Redington Services, UBreakFix. These companies are
focusing on attaining long-term growth with value-added services for customers.
Based on the product type, the global electronic
equipment repair service market is segmented into consumer electronics,
industrial equipment, home appliances and medical equipment. Consumer
electronics includes smart phones & mobile phones, set-top-boxes, televisions,
notebooks and tablets, laptops, PC sets. Industrial equipment includes laser
equipment, pulse &signal generator, voltmeter, printers, frequency
counters, cleaners, motors & generators and machinery. Home appliances
include refrigerators, irons, microwaves, dish washers, air conditioners &
coolers, mixers, washing machines and grinders & food processors. Medical
equipment includes medical monitors, dental clinic equipment, lab equipment, sterilizers,
ventilators, respiration pumps, and CT scanners. The consumer electronics
segment is expanding at a higher rate owing to increase in equipment failure
rates. Furthermore, the medical equipment segment is likely to maintain its
market share over the calculated period as a result of high labor charges and high
repairing costs as compared to other equipment. Based on services types, the
market is alienated into out of warranty and in warranty. Out of warranty
service provides advanced repairing solutions & maintenance services to customers.
In addition, based on end-use industries, the market is alienated into
residential and commercial or industrial.
The market of global electronic equipment repair
service is primarily driven by rise in demand for smart phones & tablets,
followed by rise in demand for renovated electronic equipment. Apart from
benefits, the major restraining aspect includes poor eminence or duplicate
spare parts of electronic equipment. Additionally, the shift in customer
behavior towards buying new equipment is expected to hinder the market.
The electronic equipment repair service market is
increasing at a fast pace due to introduction of a number of new or innovative
electronic equipment & products in the market. Owing to adoption of
electronic equipment increases, the chance of damage to products is also
expected to increase, which is consequently anticipated to fuel this market
over the forecast period. Furthermore, increasing government regulations for
e-waste management is predictable to create significant potential for this
market in the near future. In addition, demand for repair service providers is
also escalating in order to reuse or recycle defective products & help in
maintaining a sustainable environment.
For more information on the research
report, refer to below link:
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