The Business Research Company’s latest report Consumer Electronics Repair And Maintenance Global Market Report 2020 covers consumer electronics repair and maintenance market drivers, consumer electronics repair and maintenance market trends, consumer electronics repair and maintenance market segments, consumer electronics repair and maintenance market growth rate, consumer electronics repair and maintenance market major players, and consumer electronics repair and maintenance market size. The report provides in-depth analysis of the impact of COVID-19 on the consumer electronics repair and maintenance industry, along with revised market numbers due to the effects of the coronavirus.
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Consumer Electronics Repair And Maintenance Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global consumer electronics repair and maintenance market is expected to increase from $16.34 billion in 2019 to $16.52 billion in 2020 at a compound annual growth rate (CAGR) of 1.11%. The low growth rate is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $20.52 billion in 2023 at a CAGR of 7.5%.
The report covers the consumer electronics repair and maintenance market’s segments-
1) By Type: Consumer Electronics, Home Appliances, Medical Equipment, Industrial Equipment
2) By Service Type: In-Warranty, Out Of Warranty
3) By End User: Industrial/Commercial, Residential
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