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Cell Phone Repair in the US - Industry Market Research Report

Publisher IBISWorld
Published Nov 04, 2024
Length 74 Pages
SKU # IBSS19340762

Description

Cell Phone Repair in the US - Industry Market Research Report


Cell Phone Repair in the US

The industry benefited as smartphone and tablet usage has proliferated, although the pandemic has dampened the industry performance as of late. The rising popularity of expensive but fragile smartphones has supported the industry at a baseline level. Phones are becoming stronger and more durable, making them more difficult to break and potentially threatening the industry. The pandemic has placed downward pressure on industry demand, as consumers have largely been homebound since 2020. Revenue is expected to contract at a CAGR of 0.2% to $3.8 billion in 2023, despite a hike of 2.1% in 2023 alone. Profit growth has been relatively muted since collapsing in 2020, with profit expected to slide to 5.7% in 2023.

This industry primarily repairs and maintains cell phones. Some operators may repair tablets or other electronic devices as secondary services, which are also included in industry revenue. Industry operators include brick-and-mortar stores that enable customers to bring in their cell phones for immediate repair. Some stores also permit customers to mail in devices that need repairs.

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 shares.

Table of Contents

74 Pages
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

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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