“Global Electronic Equipment Repair Service Market, by Appliances Type (Refrigerators, Washing Machines, Television, Laptop/ PC, Mobile Phone/ Tablet, Other Appliances Types), By Warranty Type (In Warranty, Out of Warranty), as well as by Region – Global Forecast 2020 to 2030.”, which offers a comprehensive view of the Global Electronic Equipment Repair Service Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over USD $94,165.7 Mn, and is estimated to increase significantly over the latter part of the forecast period.
Electronic equipment repair services, as the name implies, are services offered by electronics technicians including, the design, development, testing, manufacture, installation, and the repair of electrical and electronic equipment. Some examples of this equipment are medical monitoring devices, navigational equipment, communications equipment, computers, household appliances, etc.
The exponential increase in the quality of refurbished products, the availability of highly skilled technicians, as well as the ever-growing catalogue of acquirable goods are some of the primary factors that are anticipated to continue to fuel opportunities for revenue growth of the Global Electronic Equipment Repair Service Market in the years to come. Additionally, the introduction of numerous advancements and innovations in the field of electronics equipment repair technologies is another major factor that is expected to increase the demand for these goods & services in the near future. Although, the onset of the COVId-19 pandemic has caused various setbacks for this industry, in terms of the sufficient availability of necessary components and parts needed, as well as the option to the personal assistance of technicians, etc. However, taking into account the increasing number of stringent regulations being enforced by respective governing authorities, as well as the various initiatives being undertaken to increase awareness levels concerning the proper disposal of used electronics are anticipated to have a profound influence on this industry. These aforementioned factors are some of the most crucial factors that are anticipated to play a critical role in catapulting the projected revenue of the Global Electronic Equipment Repair Service Market to USD $125,112.9 Mn by 2030, at a CAGR of 7.5%.
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