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2021
India, Brazil, U.s., Consumer Electronics Repair And Maintenance Market

India, Brazil, U.S., Consumer Electronics Repair and Maintenance Market

by Equipment Type (Mobile, PC, Washing Machine, Refrigerator, TV, AC, Kitchen Appliances and Others), End User (Residential and Commercial), Service Type (In-Warranty and Out Of Warranty), Market Type (Organized and Unorganized) and Country (India, Brazil and U.S.): Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A14543
Pages: 158
Dec 2021 | 3204 Views
Author(s) : Nitesh C, Himanshu V , Roshan D
Tables: 63
Charts: 42
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The India, Brazil, U.S., consumer electronics repair and maintenance market size was valued at $3,753.5 million in 2020, and is projected to reach $4,751.1 million by 2030, registering a CAGR of 2.0% from 2021 to 2030. Improvement in economic conditions and increase in disposable income are substantial factors that propel the growth of the consumer electronics repair and maintenance market. Improved lifestyle and rise in buying power of consumers are the major reasons which have encouraged the consumer purchase consumer electronics goods such as PC, washing machine, refrigerator, smartphone, and others.

Moreover, consumer electronic goods find lucrative scope in the niche market such as medical, industrial, aerospace, and others. Furthermore, there is increase in the personal laptop users since last few years over the world as well as in these countries. The need and demand for PCs and laptops is on an increase owing to rise in working population, which further drives the growth of the consumer electronics repair and maintenance market.

India,-Brazil-and-U.S

The demand for on-demand service has increased with the increase in e-commerce in India, Brazil and U.S., which has made the aggregator role crucial in across various industries. Moreover, the role of the online aggregators enable users to book services such as repair and maintenance of consumer electronics. Furthermore, there has been a significant increase in the role of online aggregators during the pandemic owing to application of work from home across the globe. In addition, in India, UrbanClap which is an online marketplace for local services provides the facility to book aggregator through the online medium. This aggregator provides services such as repair & maintenance of consumer electronics, homecare & design, pest control, packers & movers and others to the customers. Thus, increase in trend of online aggregators has further augmented the growth of the consumer electronics repair and maintenance market.

The India, Brazil, U.S., consumer electronics repair and maintenance industry is segmented on the basis of equipment type, end user, service type, and market type. By equipment type, the market is divided into mobile, PC, washing machine, refrigerator, TV, AC, kitchen appliances and others. By end user, the market is bifurcated into residential and commercial. By service type, the market is categorized into in-warranty and out of warranty. By market type, the market is classified into organized and unorganized. Country wise, the market is studied across India, Brazil, and the U.S.

On the basis of equipment type, the India, Brazil, U.S., consumer electronics repair and maintenance market is divided into mobile, PC, washing machine, refrigerator, TV, AC, kitchen appliances and others.  The mobile segment leads in terms of India, Brazil, U.S., consumer electronics repair and maintenance market share and is expected to retain its dominance during the India, Brazil, U.S., consumer electronics repair and maintenance market forecast period. India and Brazil are the developing countries and are included in some of the fastest growing countries in the world. As these countries are in developing phase, there is an increase in the mobile phone users in these countries. There is an increase in the demand for service centers with rise in interest of market players to make their phones available in these regions.

India, Brazil, U.S., Consumer Electronics Repair and Maintenance Market
By Equipment Type

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Mobile segment dominates the global market and is expected to retain its dominance throughout the forecast period.

By end user, the India, Brazil, U.S., consumer electronics repair and maintenance market is segmented into residential and commercial. The residential segment held the largest market share, accounting for around 68.6% of the total revenue in 2020, followed by commercial segment.

India, Brazil, U.S., Consumer Electronics Repair and Maintenance Market
By End Users

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Commercial segment is expected to grow at a highest CAGR of 2.7% during the forecast period.

On the basis of service type, the India, Brazil, U.S., consumer electronics repair and maintenance market is divided into in-warranty and out of warranty. The out of warranty segment is the highest contributor and is expected to exhibit growth at a significant CAGR during the forecast period.

India, Brazil, U.S., Consumer Electronics Repair and Maintenance Market
By Service Type

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In-Warranty segment is expected to grow at a highest CAGR of 3.2% during the forecast period.

By market type, the market is segmented into organized and unorganized. The unorganized segment accounted for a major share in the market in 2020; however, the organized segment is projected to experience growth at the highest CAGR during the forecast period.

India, Brazil, U.S., Consumer Electronics Repair and Maintenance Market
By Market Type

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Unorganized segment dominates the global market and is expected to retain its dominance throughout the forecast period.

Country wise, the market is studied across India, Brazil and U.S. The U.S. holds the major market share owing to high expenditure on premium quality consumer electron goods due to high per capita income

The key players profiled in the report include American Home Shield ProConnect, Asurion, LLC, Best Buy Co., Inc., B2X Care Solutions GmbH, CNS Brasil Informática LTDA, Complete Appliance Protection, Inc., Fixt Inc., OneCall India, Onsitego, and Urbanclap Technologies India Private Limited.

India, Brazil, U.S., Consumer Electronics Repair and Maintenance Market
By Country

2030
U.s. 
India
Brazil

U.S. dominates the market and is expected to grow with a CAGR of 1.2% during the forecast period.

Covid-19 Impact Analysis

  • COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December 2020.
  • The global coronavirus pandemic has created a number of challenges for exporters in the developing and developed countries. The challenges witnessed by the exporters of consumer electronics products parts are likely to remain for the foreseeable future, as different states and governments around the world attempt to tackle COVID-19 with various measures.
  • Supply chain disruption; lack of availability of workers; complete shutdown of consumer electronic companies, and others have negatively affected the India, Brazil and U.S. consumer electronic equipment repair and maintenance market.
  • Many after-sales service processes have been affected in India, Brazil and U.S. due to the outbreak of the COVID-19 pandemic, owing to which companies are providing online services to their customer. Moreover, during the pandemic companies like Onsitego has initiated video-calls with customers for basic repairs.
  • Import and export restrictions on goods and quarantine and lockdown measures imposed by governments are key challenges exporters are facing during this pandemic.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the India, Brazil, U.S., consumer electronics repair and maintenance market analysis from 2020 to 2030 to identify the prevailing market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and India, Brazil, U.S., consumer electronics repair and maintenance market opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the India, Brazil, U.S., consumer electronics repair and maintenance market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the market industry. 
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes analysis of regional as well as India, Brazil, U.S., consumer electronics repair and maintenance market trends, key players, market segments, application areas, and India, Brazil, U.S., consumer electronics repair and maintenance market growth strategies. 

India, Brazil, U.S., Consumer Electronics Repair and Maintenance Market Report Highlights

Aspects Details
By Equipment Type
  • Mobiles
  • PC
  • Washing Machine
  • Refrigerators
  • TV
  • AC
  • Kitchen Appliances
  • Others
By End Users
  • Residential
  • Commercial
By Service Type
  • In-warranty
  • Out of Warranty
By Market Type
  • Organized
  • Unorganized
BY COUNTRY
  • India
  • Brazil
  • U.S
Key Market Players AMERICAN HOME SHIELD PROCONNECT, ASURION, LLC, BEST BUY CO., INC., B2X CARE SOLUTIONS GMBH, CNS BRASIL INFORMÁTICA LTDA, COMPLETE APPLIANCE PROTECTION, INC., FIXT INC., ONECALL INDIA, ONSITEGO, URBANCLAP TECHNOLOGIES INDIA PRIVATE LIMITED
 

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Innovation is the key for the growth of the India, Brazil and U.S. consumer electronic equipment repair and maintenance market in terms of value sales. Improvement in economic conditions and increase in disposable income are substantial factors that propel the growth of the consumer electronics repair and maintenance market. Improved lifestyle and rise in buying power of consumers are the major reasons to encourage consumer purchase electronic goods such as PC, washing machine, refrigerator, smartphone, and others.

The demand for on-demand service has increased which has made the role of the aggregator crucial across consumer electronic repair industries. Moreover, the role of the online aggregators enable users to book services such as repair and maintenance of consumer electronics products such as PC, washing machine, refrigerator, and others. Furthermore, various consumer electronics repair companies are adopting latest technologies to reduce the labor force and service time of the product. Hence, effective technology adopted by operators help drive the growth of the India, Brazil, and U.S. consumer electronic equipment repair and maintenance market in terms of value sales.

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FREQUENTLY ASKED QUESTIONS?

A. The India, Brazil, U.S., consumer electronics repair and maintenance market size was valued at $3,753.5 million in 2020, and is projected to reach $4,751.1 million by 2030, registering a CAGR of 2.0% from 2021 to 2030.

A. The forecast period in the India, Brazil, U.S., Consumer Electronics Repair and Maintenance Market report is from 2021-2030.

A. 2020 is the base year calculated in the India, Brazil, U.S., Consumer Electronics Repair and Maintenance Market report.

A. The top companies holding the market share in the India, Brazil, U.S., Consumer Electronics Repair and Maintenance Market are American Home Shield ProConnect, Asurion, LLC, Best Buy Co., Inc., B2X Care Solutions GmbH, CNS Brasil Informática LTDA, Complete Appliance Protection, Inc., Fixt Inc., OneCall India, Onsitego, and Urbanclap Technologies India Private Limited.

A. The mobile segment is growing in the India, Brazil, U.S., Consumer Electronics Repair and Maintenance Market report.

A. The residential segment holds the maximum market share of the India, Brazil, U.S., Consumer Electronics Repair and Maintenance Market.

A. The company profile has been selected on the basis of prominent players in the market.

A. The market value of India, Brazil, U.S., consumer electronics repair and maintenance market size was valued at $3,753.5 million in 2020.

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