Electronic & Computer Repair Services in the US - Industry Market Research Report
Electronic & Computer Repair Services in the US
Electronic and computer repair services include repairing and maintaining consumer electronic equipment, computers, office machines, communications equipment and other electronic equipment. Industry performance generally runs countercyclical to poor economic conditions, as many consumers substitute purchases with repairs during periods of economic uncertainty. Revenue has declined over the five years to 2023 as low unemployment and high per capita income over the majority of the period supported the purchase of new devices versus repairs. Despite the onset of COVID-19 and the ensuing economic fallout, business closures and stay-at-home orders deepened demand declines in 2020. Consumers and businesses were slated to purchase replacements in the long-term, and price hikes in appliances and long lead times for installation amid ongoing supply chain disruptions contributed to increased demand for repairs in 2022. Industry revenue is expected to decline at a CAGR of 1.7% to $21.0 billion over the five years to 2023, including a smaller decline of 0.2% in 2023.
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
TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition Main Activities Similar Industries Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain Products & Services Demand Determinants Major Markets International Trade Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance