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This report provides strategists, marketers and senior management with the critical information they need to assess the global consumer electronics repair and maintenance market.
This report focuses on consumer electronics repair and maintenance market which is experiencing strong growth. The report gives a guide to the consumer electronics repair and maintenance market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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%.