Electronic Equipment Repair Service Market Outlook 2025-2034: Trends and Projections

How Is The Market Size Analysis for The Global Electronic Equipment Repair Service Market?
The electronic equipment repair service market size has shown significant growth in recent years, expanding from $119.95 billion in 2024 to an expected $128.9 billion in 2025, at a compound annual growth rate (CAGR) of 7.5%. This strong growth in the historic period has been driven by factors such as consumer demand for extended lifespan of devices, a shift towards sustainability, an increase in high-value devices, rising consumer awareness and rights, and industry collaboration.

Anticipated to continue its strong growth, the market size is expected to reach $176.42 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The forecasted growth can be attributed to the rising complexity of electronics, extended product lifecycles, a shift towards a circular economy, growing IoT, and smart devices, along with specialized component repair. Emerging trends in the forecast period include collaboration between manufacturers and repair service providers, ‘right to repair’ movements, advancements in IoT repair solutions, consumer preferences for sustainability, as well as the rise in complexity of electronics.

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What’s Driving The Electronic Equipment Repair Service Market?
The growth of the electronic equipment repair service market is significantly driven by the rising demand for electronic products. These refer to any equipment made for regular non-commercial or professional uses by consumers. As consumer electronics become more popular, market demand rises accordingly. In November 2023, according to UK-based trade association, AMDEA, over 15 million large appliances and more than 60 million small appliances were sold in the UK, resulting in a market valued at nearly $15.59 billion (£12 billion) annually. Therefore, the rising demand for electronic products will continue to drive the electronic equipment repair service market.

What Are The Major Segments Within The Global Electronic Equipment Repair Service Market?

1) By Types: Consumer Electronics, Home Appliances, Industrial Equipment, Medical Equipment
2) By Warranty Type: In Warranty, Out Of Warranty
3) By End-Users: Commercial And Industrial, Residential

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Which Key Companies Are Leading The Electronic Equipment Repair Service Market?
Major companies operating in the electronic equipment repair service market include B2X Care Solutions GmbH, Electronix Services, Encompass Supply Chain Solutions Inc., Global Electronic Services Inc., Mendtronix Inc., Quest International Inc., Redington Services, The Cableshoppe Inc., UBIF Franchising Co., ACS Industrial Services Inc., iFixIt, Samsung Authorized Service Centers, Apple Authorized Service Providers, and Toshiba Authorized Service Centers, among others.

What New Trends Are Emerging In The Electronic Equipment Repair Service Market?
Major companies in the electronic equipment repair service market are moving towards self-service repairs, giving customers direct access to genuine parts, thus offering more secure repair options. An example of this is the launch of the Self-Service Repair program by Apple Inc. in eight European countries. This allows customers to purchase genuine Apple parts and tools for DIY repairs on iPhone 12, iPhone 13, and Mac notebooks with Apple silicon.

Which Region Leads The Electronic Equipment Repair Service Market?
In 2024, Asia-Pacific was the largest region in the electronic equipment repair service market. The other regions covered in the electronic equipment repair service market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Does The Electronic Equipment Repair Service Market Report 2025 Offer?
The Electronic Equipment Repair Service refers to services provided by technicians for maintaining, testing, creating, and repairing electronic equipment. This can include tools, mechanical components, and computer systems. The Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Purchase the exclusive report now to unlock valuable market insights at https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9250

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