Electronic Equipment Repair Service Market Report 2025

The electronic equipment repair service market size has grown strongly in recent years. It will grow from $119.95 billion in 2024 to $128.9 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to consumer demand for extended lifespan, shift towards sustainability, rise in high-value devices, consumer awareness and rights, industry collaboration.

The electronic equipment repair service market size is expected to see strong growth in the next few years. It will grow to $176.42 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to rising complexity of electronics, extended product lifecycles, shift towards circular economy, growing IoT and smart devices, specialized component repair. Major trends in the forecast period include collaboration between manufacturers and repair service providers, regulations and 'right to repair' movements, advancements in IoT repair solutions, consumer preferences for sustainability, rise in complexity of electronics.

The increasing demand for electronic products is playing a significant role in the growth of the electronic equipment repair service market. Electronic products are defined as any electronic devices designed for regular consumer use rather than commercial or professional purposes. Repair services for electronic equipment are essential for the maintenance and repair of these consumer electronics. As the popularity of consumer electronics grows, especially those utilizing flexible electronics, the demand for repair services also increases. For example, in November 2023, the UK-based trade association AMDEA reported that over 15 million large appliances and more than 60 million small appliances were sold in the UK in 2023, leading to a market value of nearly $15.59 billion (£12 billion) annually. Thus, the rising demand for electronic products is expected to propel the electronic equipment repair service market.

The surge in e-commerce activity is expected to drive the growth of the electronic equipment repair service market. E-commerce involves the online buying and selling of goods and services and requires swift resolution of technical issues associated with electronic products. This facilitates improved customer satisfaction and ensures the smooth operation of electronics sold online. For instance, in August 2023, the US Census Bureau estimated that retail e-commerce sales for the second quarter of 2023 reached $277.6 billion, marking a 2.1% increase from the first quarter of the same year.

Prominent companies in the electronic equipment repair service market are prioritizing self-service repair offerings that grant consumers access to genuine parts. These genuine parts are components or materials endorsed by the original equipment manufacturer (OEM), meeting the specified quality standards. For example, in December 2022, Apple Inc. introduced its Self-Service Repair program across eight European countries. This program allows customers to purchase genuine Apple parts and tools for do-it-yourself repairs on specific iPhone and Mac notebook models, offering over 200 individual parts and tools, along with comprehensive repair manuals. This initiative aims to provide experienced users with resources similar to those used by Apple Store locations and authorized service providers.

Major companies in the electronic equipment repair service market are increasingly adopting a strategic partnership approach to enhance their service offerings. Strategic partnerships involve companies leveraging each other’s strengths and resources to achieve mutual benefits and success. For example, in March 2024, ConverterTec Service, a Germany-based company specializing in power electronics for renewable energy, formed a partnership with ENA Electronics, a Canada-based provider of industrial electronics repair, engineering, and testing services. This collaboration allows ConverterTec to offer its North American customers faster and more efficient repair services for converter components, significantly improving their ability to meet customer needs effectively.

In April 2022, Advanced Energy Industries Inc., a US-based technology company, acquired SL Power Electronics Corporation for an undisclosed amount. This acquisition allowed Advanced Energy to broaden its medical power product portfolio with complementary offerings and enhanced its presence in several advanced industrial markets. SL Power Electronics Corporation is a US-based provider of electronic equipment repair services.

Major companies operating in the electronic equipment repair service market include B2X Care Solutions GmbH, Electronix Services, Encompass Supply Chain Solutions Inc., Global Electronic Services Inc., Mendtronix Inc., Quest International Inc., Redington Services, The Cableshoppe Inc., UBIF Franchising Co., OTC Industrial Technologies, Precision Electronic Repair Services, ACS Industrial Services Inc., iFixIt, Samsung Authorized Service Centers, LG Authorized Service Centers, Apple Authorized Service Providers, Dell Authorized Service Centers, HP Authorized Service Centers, Lenovo Authorized Service Centers, Sony Authorized Service Centers, Toshiba Authorized Service Centers, Acer Authorized Service Centers, Alienware Authorized Service Centers, Asus Authorized Service Centers, Belkin Authorized Service Centers, BenQ Authorized Service Centers, Bose Authorized Service Centers.

Asia-Pacific was the largest region in the electronic equipment repair service market in 2024. The regions covered in the electronic equipment repair service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electronic equipment repair service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Electronic equipment repair services involve the provision of expertise by technicians for the maintenance, testing, assembly, and repair of electronic equipment. This encompasses a range of tools, mechanical components, and computer systems.

The primary categories of electronic equipment for which repair services are offered include consumer electronics, home appliances, industrial equipment, and medical equipment. Consumer electronics repair services entail the diagnosis of malfunctions and functional testing in devices such as TVs and smartphones, followed by the necessary repairs. These services may be categorized as warranty or out-of-warranty, catering to various end-users such as commercial, industrial, and residential clients.

The electronic equipment repair service market research report is one of a series of new reports that provides electronic equipment repair service market statistics, including electronic equipment repair service industry global market size, regional shares, competitors with an electronic equipment repair service market share, detailed electronic equipment repair service market segments, market trends and opportunities, and any further data you may need to thrive in the electronic equipment repair service industry. This electronic equipment repair service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The electronic equipment repair service market includes revenues earned by providing smartphone repair, CNC machine repair, and refrigerator repair services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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