Electronic & Computer Repair Services in the US - Industry Market Research Report

Electronic & Computer Repair Services in the US - Industry Market Research Report

  • November 2020 •
  • 53 pages •
  • Report ID: 199199 •
  • Format: PDF
Hard drive: As the prices of electronics fall, consumers will likely increasingly opt for replacement purchases

Abstract

Electronic & Computer Repair Services in the US
The Electronic and Computer Repair Services industry is in need of repair itself. Revenue is expected to decline in 2019 as private investment in computers and software increases. The increasing affordability of electronics and computers has prompted consumers and businesses to purchase new products rather than replace their existing equipment, leading to a dip in industry demand. This trend has hindered the potential for industry growth, despite a higher use of electronics by the average consumer. Furthermore, businesses and consumers have typically opted to purchase more advanced products and scrap damaged or outdated goods. The life cycle of electronic goods and computers has shortened over the past five years, and the introduction of new technology has provided further incentive for consumers and businesses to replace their old equipment. For instance, the cell phone market has facilitated an increasing convergence of voice communications, the internet, music and media. Additionally, as single-purpose devices become obsolete, the number of devices potentially requiring repairs has declined. Over the five years to 2024, industry revenue is expected to continue to decline. New technologically complex products will lead the way for increased repair demand as businesses and consumers ramp up purchasing activity amid economic growth.

Companies in this industry are involved in repairing and maintaining consumer electronic equipment, computers, office machines, communications equipment and other electronic and precision equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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